# EDGAR Filing Document

**Accession Number:** 0001414040
**File Stem:** 0001752724-25-183412
**Filing Date:** 2025-7
**Character Count:** 44625
**Document Hash:** c911f922ba9b2349a3644e0d104a3091
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183412.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183412

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS ETF Trust
- **CENTRAL INDEX KEY:** 0001414040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22175
- **FILM NUMBER:** 251165195

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328

## Series and Classes Contracts Data

### ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF (Series ID: S000075798)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000235090 | ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF Shares | OUSM            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALPS ETF TRUST

- **b. Investment Company Act file number:** 811-22175

- **c. CIK number of Registrant:** 0001414040

- **d. LEI of Registrant:** 549300VF1907NYC4WM31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

**Item A.2. Information about the Series.**

- **a. Name of Series:** ALPS | OShares U.S. Small-Cap Quality Dividend ETF

- **b. EDGAR series identifier (if any):** S000075798

- **c. LEI of Series:** 54930008YN02Q0DX9368

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $897123944.80

**Total Liabilities:** $361694.26

**Net Assets:** $896762250.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235090 | -3.25%               | -1.90%               | 3.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5935518.65              | $-37674778.00                              |
| Month 2  | $2569160.72              | $-20822968.81                              |
| Month 3  | $2482997.23              | $25437680.79                               |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Borgwarner Inc                                             | BorgWarner, Inc.                                           | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    213155 | NS      | $7053298.95   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                                            | Otter Tail Corp.                                           | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17816 | NS      | $1375038.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Usa Inc                                             | Murphy USA, Inc.                                           | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      7817 | NS      | $3336217.43   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                                     | Dolby Laboratories, Inc.                                   | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |    259516 | NS      | $19271658.16  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| One Gas Inc                                                | ONE Gas, Inc.                                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     18359 | NS      | $1372518.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                                | IDACORP, Inc.                                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     18342 | NS      | $2181780.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                                           | Black Hills Corp.                                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     18256 | NS      | $1067428.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                           | Badger Meter, Inc.                                         | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     40787 | NS      | $10124149.14  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ugi Corp                                                   | UGI Corp.                                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     92858 | NS      | $3348459.48   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                                     | Mueller Industries, Inc.                                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    143296 | NS      | $11158459.52  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                                             | PriceSmart, Inc.                                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     18228 | NS      | $1968259.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                                     | J & J Snack Foods Corp.                                    | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     11511 | NS      | $1325721.87   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                                | Polaris, Inc.                                              | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     72756 | NS      | $2853490.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                             | A O Smith Corp.                                            | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    227917 | NS      | $14657342.27  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                                          | Steven Madden, Ltd.                                        | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    134694 | NS      | $3320207.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                             | Littelfuse, Inc.                                           | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     51247 | NS      | $10508709.82  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                        | Texas Roadhouse, Inc.                                      | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    106099 | NS      | $20711585.79  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                               | Simpson Manufacturing Co., Inc.                            | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     20137 | NS      | $3135330.90   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wd-40 Co                                                   | WD-40 Co.                                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      6959 | NS      | $1695421.17   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                         | Cohen & Steers, Inc.                                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     70124 | NS      | $5388328.16   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/the                                      | New York Times Co.                                         | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    251627 | NS      | $14372934.24  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/us                              | Service Corp. International                                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    201904 | NS      | $15748512.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                               | Exponent, Inc.                                             | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     72666 | NS      | $5547322.44   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                               | Organon & Co.                                              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    892200 | NS      | $8226084.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc                      | Artisan Partners Asset Management, Inc.                    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    182111 | NS      | $7339073.30   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| H&r Block Inc                                              | H&R Block, Inc.                                            | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    288385 | NS      | $16423525.75  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                                       | Juniper Networks, Inc.                                     | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |    470423 | NS      | $16902298.39  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                              | Ingredion, Inc.                                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |    102968 | NS      | $14324908.16  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                                | Chemed Corp.                                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     31815 | NS      | $18288534.60  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd                                 | RenaissanceRe Holdings, Ltd.                               | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     61632 | NS      | $15372253.44  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                                     | Universal Display Corp.                                    | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28376 | NS      | $4067699.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                                 | Kforce, Inc.                                               | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     42203 | NS      | $1721882.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                                        | Federal Signal Corp.                                       | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     43950 | NS      | $4134376.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                          | Hamilton Lane, Inc.                                        | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     43446 | NS      | $6473454.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                               | Tapestry, Inc.                                             | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    113613 | NS      | $8924301.15   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                                  | New Jersey Resources Corp.                                 | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     29651 | NS      | $1360684.39   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Healthcare Corp                                   | National HealthCare Corp.                                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |    146756 | NS      | $15283169.84  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerisafe Inc                                              | AMERISAFE, Inc.                                            | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |    105941 | NS      | $5029019.27   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc                        | Applied Industrial Technologies, Inc.                      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     23070 | NS      | $5225816.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                                     | Progress Software Corp.                                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    103181 | NS      | $6351822.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                | Gentex Corp.                                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    628475 | NS      | $13556205.75  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                                  | Lear Corp.                                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    104706 | NS      | $9467516.52   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                         | Houlihan Lokey, Inc.                                       | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    119498 | NS      | $20873910.64  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                                   | American States Water Co.                                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     12494 | NS      | $985401.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                             | Whirlpool Corp.                                            | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     40382 | NS      | $3153430.38   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Weis Markets Inc                                           | Weis Markets, Inc.                                         | CUSIP: 948849104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15589 | NS      | $1181646.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                                  | Dick's Sporting Goods, Inc.                                | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     17814 | NS      | $3194762.76   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                          | Flowers Foods, Inc.                                        | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    209631 | NS      | $3542763.90   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                                      | Lancaster Colony Corp.                                     | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     26944 | NS      | $4510425.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                             | Globe Life, Inc.                                           | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     48336 | NS      | $5890708.32   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                               | Portland General Electric Co.                              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     28686 | NS      | $1216286.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                                  | Avnet, Inc.                                                | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    361834 | NS      | $18095318.34  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                       | National Fuel Gas Co.                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     49359 | NS      | $4074091.86   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                   | Crane Co.                                                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     39358 | NS      | $6745961.20   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                               | Victory Capital Holdings, Inc.                             | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |    151178 | NS      | $9374547.78   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                                  | TEGNA, Inc.                                                | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    471118 | NS      | $7877092.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/va                                          | Universal Corp.                                            | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     28278 | NS      | $1849098.42   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                                     | FirstCash Holdings, Inc.                                   | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |     88062 | NS      | $11264010.42  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                                  | Chesapeake Utilities Corp.                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      5850 | NS      | $714811.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                                   | Franklin Electric Co., Inc.                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     80558 | NS      | $6959405.62   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                            | Choice Hotels International, Inc.                          | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     28495 | NS      | $3609746.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sei Investments Co                                         | SEI Investments Co.                                        | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    271600 | NS      | $23156616.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                                            | Robert Half, Inc.                                          | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    291839 | NS      | $13363307.81  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc                             | Reynolds Consumer Products, Inc.                           | CUSIP: 76171L106<br>LEI: 549300DWNZYMOSR1X343 | Long             | EC               | CORP              | US        |     89936 | NS      | $1985786.88   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ufp Industries Inc                                         | UFP Industries, Inc.                                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     56162 | NS      | $5479164.72   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                                | Premier, Inc.                                              | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    914636 | NS      | $21018335.28  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                                    | Essential Utilities, Inc.                                  | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     76274 | NS      | $2938837.22   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                       | Tradeweb Markets, Inc.                                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52197 | NS      | $7539856.65   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                                     | Columbia Sportswear Co.                                    | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     80719 | NS      | $5148257.82   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc                          | Diamond Hill Investment Group, Inc.                        | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |     31688 | NS      | $4476246.88   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mgic Investment Corp                                       | MGIC Investment Corp.                                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    436975 | NS      | $11557988.75  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                                 | Amdocs, Ltd.                                               | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |    213112 | NS      | $19555157.12  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc                                 | Vishay Intertechnology, Inc.                               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    433055 | NS      | $6093083.85   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                                       | Federated Hermes, Inc.                                     | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    136382 | NS      | $5755320.40   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Msc Industrial Direct Co Inc                               | MSC Industrial Direct Co., Inc.                            | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    230301 | NS      | $18700441.20  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                      | Encompass Health Corp.                                     | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    195390 | NS      | $23622651.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                                          | Ralph Lauren Corp.                                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     34511 | NS      | $9552989.91   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                           | Essent Group, Ltd.                                         | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |    144439 | NS      | $8377462.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                                | Genpact, Ltd.                                              | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |    421630 | NS      | $18151171.50  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                                  | Spire, Inc.                                                | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     17652 | NS      | $1328842.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    783302 | NS      | $783301.55    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                                 | ALLETE, Inc.                                               | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     20118 | NS      | $1308474.72   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marketaxess Holdings Inc                                   | MarketAxess Holdings, Inc.                                 | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     46710 | NS      | $10108511.10  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                               | Carter's, Inc.                                             | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |    162569 | NS      | $5099789.53   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                                  | Ennis, Inc.                                                | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157557 | NS      | $2941589.19   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                               | Watts Water Technologies, Inc.                             | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     35939 | NS      | $8701550.68   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Td Synnex Corp                                             | TD SYNNEX Corp.                                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    132407 | NS      | $16066265.38  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Oge Energy Corp                                            | OGE Energy Corp.                                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     61319 | NS      | $2726855.93   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                                                | Avista Corp.                                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     21769 | NS      | $838324.19    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                           | Donaldson Co., Inc.                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    258309 | NS      | $17965390.95  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-maine Foods Inc                                        | Cal-Maine Foods, Inc.                                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     93373 | NS      | $8957271.89   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/the                                             | Wendy's Co.                                                | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    369399 | NS      | $4211148.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                                 | Brady Corp.                                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     99416 | NS      | $6936254.32   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                               | Evercore, Inc.                                             | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     35017 | NS      | $8106085.33   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                                 | Pinnacle West Capital Corp.                                | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     31303 | NS      | $2855772.69   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Itt Inc                                                    | ITT, Inc.                                                  | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     91669 | NS      | $13799851.26  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                           | Vail Resorts, Inc.                                         | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    101748 | NS      | $16296977.16  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/the                                       | Western Union Co.                                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |   1528662 | NS      | $14185983.36  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                                 | Phinia, Inc.                                               | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |    101634 | NS      | $4410915.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                             | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     19602 | NS      | $926194.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                              | Lincoln Electric Holdings, Inc.                            | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    102607 | NS      | $19863689.13  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                           | Radian Group, Inc.                                         | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    363407 | NS      | $12410349.05  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                                 | Casey's General Stores, Inc.                               | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      8484 | NS      | $3713955.84   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                               | Wyndham Hotels & Resorts, Inc.                             | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     69080 | NS      | $5718442.40   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Interdigital Inc                                           | InterDigital, Inc.                                         | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |     54471 | NS      | $11834369.46  | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Landstar System Inc                                        | Landstar System, Inc.                                      | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     55871 | NS      | $7666618.62   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc                              | Northwestern Energy Group, Inc.                            | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     20123 | NS      | $1113405.59   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | State Street Navigator Securities lending Prime Portfolio  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mge Energy Inc                                             | MGE Energy, Inc.                                           | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |     12584 | NS      | $1136586.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisource Inc                                               | NiSource, Inc.                                             | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    127536 | NS      | $5042773.44   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Rli Corp                                                   | RLI Corp.                                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    173468 | NS      | $13334485.16  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp                                    | Warner Music Group Corp.                                   | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162749 | NS      | $4283553.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** ALPS ETF TRUST

**Signature:** Erich Rettinger

**Name of Signer:** Erich Rettinger

**Title:** Treasurer