An ALPS Advisors, Inc. Solution

EXCHANGE TRADED FUNDS

• Jefferies | TR/J CRB Global
  Commodity Equity Index Fund
• Jefferies | TR/J CRB Global
  Agriculture Equity Index Fund
• Jefferies | TR/J CRB Global
  Industrial Metals Equity Index Fund
• Prospectus
• SAI

An ALPS Advisors, Inc. Solution

EXCHANGE TRADED FUNDS

• Jefferies | TR/J CRB Wildcatters
  Exploration & Production Equity ETF
• Prospectus
• SAI

Jefferies | TR/J CRB Wildcatters
Exploration & Production Equity ETF (WCAT)

Fund Details Ticker Symbol WCAT CUSIP 00162Q809 Inception Date 1/20/2010 Fund Type ETF Total Expense Ratio† 0.65% Fund Data As of 07/29/2010 NAV $38.53 Market Price* $38.54 Premium / Discount ($) $0.01 Premium / Discount (%) 0.03% Bid/Ask Midpoint $38.54 Last Trade Price $38.74 Volume 1,950 As of 07/28/2010 NAV $38.43

Fund Holdings (66 total) As of 07/29/2010, subject to change Security Symbol Weight % SM ENERGY CO SM 5.51% MARINER ENERGY INC ME 5.04% PROGRESS ENERGY RESOURCES CORP PRQ 5.01% SANDRIDGE ENERGY INC SD 4.26% Brigham Exploration Co BEXP 4.17% DAYLIGHT ENERGY INC. DAY 3.58% UTS ENERGY CORP UTS 3.41% Bill Barrett Corp BBG 3.33% BANKERS PETROLEUM LTD BNK 3.28% Quicksilver Resources Inc KWK 3.17% Berry Petroleum Co BRY 2.72% CREW ENERGY INC CR 2.60% GRAN TIERRA ENERGY INC GTE 2.42% Comstock Resources Inc CRK 2.39% ROSETTA RESOURCES INC ROSE 2.33% ADVANTAGE OIL & GAS LTD AAV 2.16% Swift Energy Co SFY 2.07% NUVISTA ENERGY LTD NVA 1.97% CELTIC EXPLORATION LTD CLT 1.83% BIRCHCLIFF ENERGY LTD BIR 1.82% Penn Virginia Corp PVA 1.81% MCMORAN EXPLORATION CO MMR 1.68% LEGACY OIL + GAS INC LEG 1.43% PARAMOUNT RESOURCES LTD - A POU 1.38% Northern Oil And Gas Inc NOG 1.29% CARRIZO OIL & GAS INC CRZO 1.29% QUESTERRE ENE3RGY CORP QEC 1.28% Contango Oil & Gas Co MCF 1.25% Petroleum Development Corp PETD 1.17% IVANHOE ENERGY INC IE 1.14% Stone Energy Corp SGY 1.08% VANGAURD NATURAL RESOURCE VNR 1.04% FAIRBORNE ENERGY LTD FEL 1.01% ATP Oil & Gas Corp ATPG 1.01% CORRIDOR RESOURCES INC. CDH 0.99% Energy Partners Ltd EPL 0.97% STORM EXPLORATION INC SEO 0.96% OPTI CANADA INC OPC 0.95% Venoco Inc VQ 0.95% BPZ Resources Inc BPZ 0.91% ANGEL ENERGY INC. NGL 0.82% Petroquest Energy Inc PQ 0.79% American Oil & Gas Inc AEZ 0.78% GULFPORT ENERGY CORP GPOR 0.77% Goodrich Petroleum Corp GDP 0.72% TRANSGLOBE ENERGY CORP TGL 0.72% REX ENERGY CORP REXX 0.71% VAALCO ENERGY INC EGY 0.70% W&T Offshore Inc WTI 0.68% DELPHI ENERGY CORP DEE 0.60% CLAYTON WILLIAMS ENERGY INC CWEI 0.56% HARVEST NATURAL RESOURCES INC HNR 0.55% GALLEON ENERGY INC - A GO 0.52% Magnum Hunter Resources Corp MHR 0.45% Warren Resources Inc WRES 0.45% Georesources Inc GEOI 0.41% Houston American Energy Corp HUSA 0.38% ANDERSON ENERGY LTD AXL 0.38% GMX RESOURCES INC GMXR 0.37% Endeavour International Corp END 0.35% OILSANDS QUEST INC BQI 0.35% CAMAC ENERGY INC CAK 0.34% Delta Petroleum Corp DPTR 0.31% TOREADOR RESOURCES CORP TRGL 0.30% COMPTON PETROLEUM CORP CMT 0.24% China North East Petroleum Hol NEP 0.07% back to top

*Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.

Investors should consider the following risk factors and special considerations associated with investing in the Jefferies | TR/J CRB Global Commodity Equity Index Fund ("CRBQ, CRBA and CRBI"), the Jefferies | TR/J CRB Global Agriculture Equity Index Fund (CRBA) and the Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund (CRBI) which may cause you to lose money. CRBQ, CRBA and CRBI are considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified ETF. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified ETF. A principal risk of investing in CRBQ, CRBA and CRBI is equity risk, which is the risk that the value of the securities held by CRBQ, CRBA and CRBI will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by CRBQ, CRBA and CRBI participate or factors relating to specific companies in which the ETFs invest. CRBQ, CRBA and CRBI investments in non-U.S. issuers involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of CRBQ, CRBA and CRBI's investments or prevent the ETFs from realizing the full value of its investments. The CRB-EQ Index measures the performance of equity securities of companies engaged in the production and distribution of commodities and commodity-related products. The CRB-EQ Index does not measure the performance of direct investment in the underlying commodities and, therefore, may not move in the same direction and to the same extent as the underlying commodities. See the section "Additional Risks" in the prospectus for additional risk factors.

Investors should consider the following risk factors and special considerations associated with investing in the Jefferies | TR/J CRB Wildcatters Exploration & Production Equity ETF (“WCAT”), which may cause you to lose money. Economic forces, including forces affecting oil and gas markets, as well as government policies and regulations affecting the oil and gas sector and related industries, could adversely affect the Fund’s portfolio companies and, thus, the Fund’s financial situation and profitability. WCAT is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified ETF. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified ETF. A principal risk of investing in WCAT is equity risk, which is the risk that the value of the securities held by WCAT will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by WCAT participate or factors relating to specific companies in which the ETF invests. WCAT investments in non-U.S. issuers involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of WCAT’s investments or prevent the ETF from realizing the full value of its investments. The WCATI Index measures the performance of equity securities of companies engaged in the production and distribution of certain commodities and commodity-related products. The WCATI Index does not measure the performance of direct investment in the underlying commodities and, therefore, may not move in the same direction and to the same extent as the underlying commodities. See the section “Additional Risks” in the prospectus for additional risk factors.

The Index Provider is not affiliated with the Trust, the Investment Adviser, the Sub-Adviser or the Distributor. The Investment Adviser has entered into a license agreement with the Index Provider to use each ETF's underlying index.

The Index Provider is the designer of the construction and methodology for each underlying index and owns the service mark or trademark "In-the-Ground." "Thomson," "Thomson Reuters," "Reuters" and "CRB" are service marks or trademarks of Reuters America LLC, a Thomson Reuters company, or its affiliates ("Thomson Reuters"). "Jefferies" is a service mark or trademark of Jefferies Financial Products, LLC or its affiliates ("Jefferies"). Neither Thomson Reuters nor Jefferies is responsible for the descriptions of the underlying indices or ETFs that appear herein. Thomson Reuters and Jefferies are not affiliated with the Index Provider, the Trust, the Investment Adviser, the Sub-Adviser or the Distributor.

Shares are not individually redeemable and owners of the Shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, typically consisting of aggregations of 50,000 shares.

†The Fund's Advisory Agreement provides that the Investment Adviser will pay all expenses of the Fund, except for interest expenses, distribution fees or expenses, brokerage expenses, taxes and extraordinary expenses such as litigation and other expenses not incurred in the ordinary course of the Fund's business.

ALPS Distributors, Inc. is the Distributor of the ETFs.

The ALPS ETF Trust / Jefferies | TR/J CRB ETFs are new products with limited operating history.

An investor should consider each ETF's investment objectives, risks, charges and expenses of the ETFs carefully before investing. Click the link to obtain a CRB-EQ prospectus or a WCAT prospectus, which contain this and other information, or call 877.526.9298. Read the prospectus carefully before investing.

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