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 03/09/2010 NAV $41.28 Market Price* $41.35 Premium / Discount ($) $0.06 Premium / Discount (%) 0.16% Bid/Ask Midpoint $41.35 Last Trade Price $41.17 Volume 100 As of 03/08/2010 NAV $41.27

Fund Holdings (55 total) As of 03/09/2010, subject to change Security Symbol Weight % Forest Oil Corp FST 5.75% Encore Acquisition Co EAC 5.22% ATLAS ENERGY INC ATLS 5.01% St Mary Land & Exploration Co SM 4.44% PROGRESS ENERGY RESOURCES CORP PRQ 3.50% Quicksilver Resources Inc KWK 3.47% Brigham Exploration Co BEXP 3.15% BANKERS PETROLEUM LTD BNK 3.00% Bill Barrett Corp BBG 2.98% Mariner Energy Inc ME 2.89% Comstock Resources Inc CRK 2.85% MCMORAN EXPLORATION CO MMR 2.60% ROSETTA RESOURCES INC ROSE 2.46% Arena Resources Inc ARD 2.43% Gran Tierra Energy Inc 2.37% ADVANTAGE OIL & GAS LTD AAV 2.35% SANDRIDGE ENERGY INC SD 2.26% Swift Energy Co SFY 2.26% UTS Energy Corp UTS 2.25% Penn Virginia Corp PVA 2.21% NUVISTA ENERGY LTD NVA 2.04% CREW ENERGY INC CR 2.02% Berry Petroleum Co BRY 1.98% PETROMINERALES LTD PMG 1.84% ATP Oil & Gas Corp ATPG 1.59% Stone Energy Corp SGY 1.53% LEGACY OIL + GAS INC LEG 1.51% CELTIC EXPLORATION LTD CLT 1.51% IVANHOE ENERGY INC IE 1.50% QUESTERRE ENE3RGY CORP QEC 1.40% Contango Oil & Gas Co MCF 1.40% CARRIZO OIL & GAS INC CRZO 1.40% BIRCHCLIFF ENERGY LTD BIR 1.31% BPZ Resources Inc BPZ 1.25% PARAMOUNT RESOURCES LTD - A POU 1.14% GALLEON ENERGY INC - A GO 0.96% OPTI Canada Inc OPC 0.93% Goodrich Petroleum Corp GDP 0.90% Northern Oil And Gas Inc NOG 0.83% Petroleum Development Corp PETD 0.81% STORM EXPLORATION INC SEO 0.74% FAIRBORNE ENERGY LTD FEL 0.73% CLAYTON WILLIAMS ENERGY INC CWEI 0.71% REX ENERGY CORP REXX 0.67% Petroquest Energy Inc PQ 0.66% WEST ENERGY LTD WTL 0.64% W&T Offshore Inc WTI 0.61% GMX RESOURCES INC GMXR 0.54% GULFPORT ENERGY CORP GPOR 0.54% ITERATION ENERGY LTD ITX 0.52% Venoco Inc VQ 0.52% Delta Petroleum Corp DPTR 0.51% VAALCO ENERGY INC EGY 0.47% OILSANDS QUEST INC BQI 0.42% COMPTON PETROLEUM CORP CMT 0.40% 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 WCATX Index measures the performance of equity securities of companies engaged in the production and distribution of certain commodities and commodity-related products. The WCATX 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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