UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22175

ALPS ETF TRUST

 (Exact name of registrant as specified in charter)

1290 Broadway, Suite 1100, Denver, Colorado 80203

(Address of principal executive offices) (Zip code)

Andrea E. Kuchli, Assistant Secretary

ALPS ETF Trust

1290 Broadway, Suite 1100

Denver, Colorado 80203

 (Name and address of agent for service)

Registrant’s telephone number, including area code: (303) 623-2577

Date of fiscal year end: November 30

Date of reporting period: December 1, 2016 – February 28, 2017

Item 1. Schedule of Investments.

Alerian Energy Infrastructure ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Shares		Value
Canadian Energy Infrastructure Companies (24.62%)
Energy (24.62%)
AltaGas, Ltd.		22,620	$	527,948
Enbridge, Inc.		37,795		1,590,679
Gibson Energy, Inc.		19,691		275,603
Inter Pipeline, Ltd.		49,906		1,046,440
Keyera Corp.		25,473		750,075
Pembina Pipeline Corp.		49,156		1,588,447
TransCanada Corp.		33,702		1,549,348
Veresen, Inc.		43,839		446,245
Total Energy				7,774,785
Total Canadian Energy Infrastructure Companies
(Cost $8,555,305)				7,774,785
U.S. Energy Infrastructure Companies (25.36%)
Energy (9.97%)
Kinder Morgan, Inc.		73,701		1,570,568
SemGroup Corp., Class A		8,474		297,861
Targa Resources Corp.		22,652		1,279,838
Total Energy				3,148,267
Industrials (2.44%)
Macquarie Infrastructure Corp.		9,991		768,708
Utilities (12.95%)
CenterPoint Energy, Inc.		55,455		1,515,030
Dominion Resources, Inc.		21,039		1,633,468
OGE Energy Corp.		25,560		941,375
Total Utilities				4,089,873
Total U.S. Energy Infrastructure Companies
(Cost $8,352,794)				8,006,848
U.S. Energy Infrastructure MLPs (24.76%)
Energy (24.76%)
Antero Midstream Partners LP		6,713		230,256
Buckeye Partners LP		13,756		948,064
Cheniere Energy Partners LP		4,442		145,520
Energy Transfer Equity LP		80,868		1,523,553
Enterprise Products Partners LP		55,606		1,558,636
EQT GP Holdings LP		2,583		70,619
Magellan Midstream Partners LP		20,200		1,565,702
MPLX LP		26,289		978,214
NuStar GP Holdings LLC		3,339		96,497
Phillips 66 Partners LP		4,225		235,037
Shell Midstream Partners LP		8,690		284,684
Western Gas Equity Partners LP		3,913		179,411
Total Energy				7,816,193
Total U.S. Energy Infrastructure MLPs
(Cost $8,318,854)				7,816,193

Security Description Shares Value

U.S. General Partners (25.07%)
Energy (25.07%)
Archrock, Inc.	59,484	$	811,957
EnLink Midstream LLC	41,066		788,467
ONEOK, Inc.	29,621		1,601,015
Plains GP Holdings LP, Class A	50,634		1,664,340
Tallgrass Energy GP LP	50,849		1,444,620
The Williams Cos., Inc.	56,619		1,604,582
Total Energy			7,914,981
Total U.S. General Partners
(Cost $8,472,494)			7,914,981

7 Day Yield			Shares		Value
Short Term Investments (0.06%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		18,566		18,566
Total Short Term Investments
(Cost $18,566)						18,566
Total Investments (99.87%)
(Cost $33,718,013)					$	31,531,373
Net Other Assets and Liabilities (0.13%)						42,253
Net Assets (100.00%)					$	31,573,626

See Notes to Quarterly Schedule of Investments.

Alerian MLP ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Shares		Value
Master Limited Partnerships (103.59%)
Gathering & Processing (27.94%)
Antero Midstream Partners LP		4,876,883	$	167,277,087
DCP Midstream LP		6,472,483		253,721,333
EnLink Midstream Partners LP		11,161,024		208,934,369
MPLX LP(a)		19,097,741		710,626,943
ONEOK Partners LP(a)		11,310,100		592,423,038
Western Gas Partners LP		5,567,828		346,151,867
Williams Partners LP		17,818,556		718,087,807
Total Gathering & Processing				2,997,222,444
Pipeline Transportation | Natural Gas (29.51%)
Boardwalk Pipeline Partners LP		8,902,374		161,132,970
Energy Transfer Partners LP(a)		29,230,764		1,105,215,187
Enterprise Products Partners LP		39,590,588		1,109,724,182
EQT Midstream Partners LP(a)		4,196,366		330,757,568
Spectra Energy Partners LP		5,389,247		241,061,018
TC PipeLines LP(a)		3,568,223		217,875,696
Total Pipeline Transportation | Natural Gas				3,165,766,621
Pipeline Transportation | Petroleum (46.14%)
Buckeye Partners LP(a)		9,993,405		688,745,473
Enbridge Energy Partners LP(a)		15,421,694		279,132,661
Genesis Energy LP(a)		7,355,648		248,915,128
Magellan Midstream Partners LP(a)		14,824,437		1,149,042,112
NGL Energy Partners LP(a)		7,032,732		156,126,650
NuStar Energy LP(a)		4,649,696		242,900,119
Phillips 66 Partners LP		3,069,316		170,746,049
Plains All American Pipeline LP		28,285,194		907,389,024
Shell Midstream Partners LP		6,313,142		206,818,532
Sunoco Logistics Partners LP(a)		18,184,453		460,612,195
Tallgrass Energy Partners LP		3,021,392		161,523,616
Tesoro Logistics LP		4,916,569		276,852,000
Total Pipeline Transportation | Petroleum				4,948,803,559
Total Master Limited Partnerships
(Cost $9,348,857,405)				11,111,792,624

7 Day Yield			Shares		Value
Short Term Investments (0.17%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		18,069,525		18,069,525
Total Short Term Investments
(Cost $18,069,525)						18,069,525
Total Investments (103.76%)
(Cost $9,366,926,930)					$	11,129,862,149
Liabilities in Excess of Other Assets (-3.76%)						(403,459,882	)
Net Assets (100.00%)					$	10,726,402,267

^(a) Affiliated Company.  See Note 8 in Notes to Quarterly Schedule of Investments.

See Notes to Quarterly Schedule of Investments.

ALPS/Dorsey Wright Sector Momentum ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.95%)
Basic Materials (9.80%)
Air Products & Chemicals, Inc.		505	$	70,937
Ecolab, Inc.		619		76,737
International Flavors & Fragrances, Inc.		631		79,317
RPM International, Inc.		1,390		74,073
United States Steel Corp.		2,148		83,171
Total Basic Materials				384,235
Consumer, Cyclical (19.51%)
Alaska Air Group, Inc.		840		82,169
Amazon.com, Inc.(a)		99		83,659
CBS Corp., Class B		1,155		76,137
Cracker Barrel Old Country Store, Inc.		435		70,031
Domino's Pizza, Inc.		465		88,262
The Middleby Corp.(a)		561		77,816
O'Reilly Automotive, Inc.(a)		267		72,546
The Priceline Group, Inc.(a)		51		87,931
Signet Jewelers Ltd.		792		50,363
Yum! Brands, Inc.		1,159		75,706
Total Consumer, Cyclical				764,620
Energy (8.50%)
Chesapeake Energy Corp.(a)		10,377		56,555
CONSOL Energy, Inc.(a)		3,880		60,412
Diamondback Energy, Inc.(a)		732		73,829
Targa Resources Corp.		1,356		76,614
WPX Energy, Inc.(a)		5,080		65,532
Total Energy				332,942
Financials (10.40%)
American Tower Corp.		705		80,927
MarketAxess Holdings, Inc.		459		89,611
MasterCard, Inc., Class A		720		79,531
National Health Investors, Inc.		1,017		77,007
WR Berkley Corp.		1,134		80,537
Total Financials				407,613
Health Care (10.75%)
Align Technology, Inc.(a)		738		75,837
Becton Dickinson and Co.		444		81,274
The Cooper Cos, Inc.		426		84,834
TESARO, Inc.(a)		567		106,806
West Pharmaceutical Services, Inc.		880		72,573
Total Health Care				421,324
Industrials (19.84%)
AO Smith Corp.		1,536		77,353

Security Description	Shares		Value
Industrials (continued)
Danaher Corp.		940	$	80,417
Fiserv, Inc.(a)		696		80,319
IDEX Corp.		817		75,319
Lockheed Martin Corp.		297		79,174
Macquarie Infrastructure Corp.		909		69,939
Northrop Grumman Corp.		321		79,316
Thermo Fisher Scientific, Inc.		522		82,309
TransDigm Group, Inc.		297		75,497
Union Pacific Corp.		721		77,825
Total Industrials				777,468
Information Technology (21.15%)
Advanced Micro Devices, Inc.(a)		6,989		101,061
Amphenol Corp., Class A		1,105		76,477
Computer Sciences Corp.		1,237		84,809
Facebook, Inc., Class A(a)		621		84,170
Jack Henry & Associates, Inc.		834		78,204
Monolithic Power Systems, Inc.		894		78,645
NVIDIA Corp.		741		75,197
Skyworks Solutions, Inc.		970		91,966
Tyler Technologies, Inc.(a)		528		80,071
The Ultimate Software Group, Inc.(a)		405		78,323
Total Information Technology				828,923
TOTAL COMMON STOCKS
(Cost $3,809,036)				3,917,125

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.04%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		1,458		1,458
TOTAL SHORT TERM INVESTMENTS
(Cost $1,458)						1,458
TOTAL INVESTMENTS (99.99%)
(Cost $3,810,494)					$	3,918,583
NET OTHER ASSETS AND LIABILITIES (0.01%)						676
NET ASSETS (100.00%)					$	3,919,259

^(a) Non-income producing security.

ALPS Emerging Sector Dividend Dogs ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.77%)
Brazil (6.63%)
BB Seguridade Participacoes SA		57,280	$	526,954
CCR SA		103,154		599,825
Cielo SA		54,662		479,325
Total Brazil				1,606,104
Chile (1.50%)
Aguas Andinas SA, Class A		675,861		363,949
China (7.77%)
Huadian Power International Corp., Ltd., Class H		1,044,000		458,597
Huaneng Power International, Inc., Sponsored ADR		17,652		483,841
Lenovo Group, Ltd.		742,000		445,416
Yangzijiang Shipbuilding Holdings, Ltd.		747,100		493,127
Total China				1,880,981
Colombia (2.04%)
Almacenes Exito SA		93,211		494,638
Czech Republic (3.96%)
CEZ A.S.		27,873		492,308
Komercni banka A.S.		13,012		467,864
Total Czech Republic				960,172
Hong Kong (1.53%)
CP Pokphand Co., Ltd.		3,686,000		370,362
Hungary (2.08%)
Richter Gedeon Nyrt		22,702		503,517
India (5.64%)
Dr Reddy's Laboratories, Ltd., ADR		9,781		420,192
Infosys, Ltd., Sponsored ADR		30,899		467,811
Wipro, Ltd., ADR		48,784		477,107
Total India				1,365,110
Indonesia (7.76%)
Gudang Garam Tbk PT		90,400		446,374
Kalbe Farma Tbk PT		3,827,200		439,083
Semen Indonesia Persero Tbk PT		647,300		467,176

Security Description	Shares		Value
Indonesia (continued)
Surya Citra Media Tbk PT		2,374,800	$	525,320
Total Indonesia				1,877,953
Luxembourg (1.92%)
Ternium SA, Sponsored ADR		17,572		466,009
Malaysia (9.98%)
Astro Malaysia Holdings Bhd		739,000		474,358
British American Tobacco Malaysia Bhd		44,627		487,479
Malayan Banking Bhd		254,100		492,176
Sime Darby Bhd		246,800		498,047
YTL Power International Bhd		1,386,218		465,195
Total Malaysia				2,417,255
Mexico (1.98%)
Kimberly-Clark de Mexico SAB de CV, Class A		254,200		479,262
Poland (6.80%)
Bank Pekao SA		15,604		537,129
Polskie Gornictwo Naftowe i Gazownictwo SA		375,576		577,362
Powszechny Zaklad Ubezpieczen SA		59,916		531,568
Total Poland				1,646,059
Russia (9.82%)
Gazprom PAO, Sponsored ADR(a)		92,634		413,194
Lukoil PJSC, Sponsored ADR		8,476		449,228
MegaFon PJSC, GDR(b)		48,103		555,590
Mobile Telesystems PJSC, Sponsored ADR		50,447		518,091
PhosAgro PJSC, GDR(b)		31,947		440,868
Total Russia				2,376,971
South Africa (9.97%)
Imperial Holdings, Ltd.		34,015		433,307
Life Healthcare Group Holdings, Ltd.		193,232		493,631
MTN Group, Ltd.		52,279		477,416
Netcare, Ltd.		200,089		485,064
Truworths International, Ltd.		79,015		525,140
Total South Africa				2,414,558
Thailand (10.22%)
Advanced Info Service Pcl		109,900		525,800
BTS Group Holdings Pcl		1,861,720		437,355
Delta Electronics Thailand Pcl		206,224		546,496
Intouch Holdings Pcl, NVDR		322,200		489,224
IRPC Pcl		3,346,200		475,488
Total Thailand				2,474,363

Security Description	Shares		Value
Turkey (8.47%)
Eregli Demir ve Celik Fabrikalari TAS		313,891	$	512,355
Tofas Turk Otomobil Fabrikasi A.S.		70,047		523,173
Tupras Turkiye Petrol Rafinerileri A.S.		22,456		525,440
Turkiye Sise ve Cam Fabrikalari A.S.		455,163		490,297
Total Turkey				2,051,265
United States (1.70%)
Fibria Celulose SA, Sponsored ADR		48,050		410,827
TOTAL COMMON STOCKS
(Cost $23,290,023)				24,159,355

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.24%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		58,661		58,661
TOTAL SHORT TERM INVESTMENTS
(Cost $58,661)						58,661
TOTAL INVESTMENTS (100.01%)
(Cost $23,348,684)					$	24,218,016
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.01%)						(3,222	)
NET ASSETS (100.00%)					$	24,214,794

^(a) Non-income producing security.

^(b) These securities initially sold to other parties pursuant to Regulation S under the 1933 Act and subsequently resold to the Fund. As of February 28, 2017, the aggregate market values of these securities were $996,458, representing 4.12% of the Fund’s net assets.

See Notes to Quarterly Schedule of Investments.

ALPS EQUAL SECTOR WEIGHT ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE
EXCHANGE TRADED FUNDS (100.00%)
Consumer Discretionary (9.99%)
Consumer Discretionary Select Sector SPDR® Fund		179,117	$	15,470,335
Consumer Staples (10.12%)
Consumer Staples Select Sector SPDR® Fund		284,521		15,677,107
Energy (8.92%)
Energy Select Sector SPDR® Fund		193,589		13,818,383
Financials (10.05%)
Financial Select Sector SPDR® Fund		634,038		15,559,293
Healthcare (10.31%)
Health Care Select Sector SPDR® Fund		212,909		15,966,046
Industrials (10.07%)
Industrial Select Sector SPDR® Fund		236,692		15,588,535
Materials (9.91%)
Materials Select Sector SPDR® Fund		293,786		15,350,318
Real Estate (10.10%)
Real Estate Select Sector SPDR® Fund		486,598		15,639,260
Technology (10.30%)
Technology Select Sector SPDR® Fund		304,830		15,957,850
Utilities (10.23%)
Utilities Select Sector SPDR® Fund		305,971		15,840,119
TOTAL EXCHANGE TRADED FUNDS
(Cost $118,293,655)				154,867,246

7 DAY YIELD			SHARES		VALUE
SHORT TERM INVESTMENTS (0.01%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		11,178		11,178
TOTAL SHORT TERM INVESTMENTS
(Cost $11,178)						11,178
TOTAL INVESTMENTS (100.01%)
(Cost $118,304,833)					$	154,878,424
NET LIABILITIES LESS OTHER ASSETS (-0.01%)						(17,321	)
NET ASSETS (100.00%)					$	154,861,103

Common Abbreviations:

SPDR^® - Standard & Poor's Depositary Receipts

See Notes to Quarterly Schedule of Investments.

ALPS International Sector Dividend Dogs ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.20%)
Australia (18.13%)
AMP, Ltd.		942,303	$	3,525,625
Aurizon Holdings, Ltd.		884,666		3,472,761
Australia & New Zealand Banking Group, Ltd.		150,183		3,557,992
National Australia Bank, Ltd.		151,347		3,712,049
Suncorp Group, Ltd.		335,966		3,418,156
Telstra Corp., Ltd.		901,469		3,331,375
Wesfarmers, Ltd.		110,212		3,609,822
Westpac Banking Corp.		139,338		3,600,188
Woolworths, Ltd.		196,587		3,882,633
Total Australia				32,110,601
Belgium (2.00%)
Anheuser-Busch InBev SA		32,390		3,542,919
Denmark (1.86%)
Novo Nordisk A/S, Class B		92,506		3,285,305
Finland (6.08%)
Fortum OYJ		225,950		3,468,494
Nokia OYJ		730,625		3,744,731
Stora Enso OYJ, Class R		330,608		3,551,497
Total Finland				10,764,722
France (9.21%)
Bouygues SA		94,581		3,644,244
Electricite de France SA		294,023		2,881,265
Engie SA		265,019		3,239,985
Sanofi		41,617		3,585,765
Vivendi SA		167,436		2,954,294
Total France				16,305,553
Germany (12.00%)
BASF SE		37,047		3,449,865
Daimler AG, Registered Shares		46,346		3,370,154
E.ON SE		492,764		3,824,425
Evonik Industries AG		112,592		3,615,378
ProSiebenSat.1 Media SE		88,457		3,547,445
Telefonica Deutschland Holding AG		784,817		3,445,469
Total Germany				21,252,736

Security Description	Shares		Value
Hong Kong (1.77%)
Sands China, Ltd.		753,000	$	3,142,795
Italy (5.82%)
Atlantia SpA		147,592		3,455,535
Eni SpA		222,006		3,415,006
Snam SpA		863,535		3,439,759
Total Italy				10,310,300
Japan (6.04%)
Canon, Inc.		113,263		3,307,810
Seiko Epson Corp.		158,700		3,549,896
Takeda Pharmaceutical Co., Ltd.		82,689		3,843,535
Total Japan				10,701,241
Netherlands (4.58%)
Royal Dutch Shell Plc, Class A		126,784		3,274,601
STMicroelectronics NV		316,786		4,829,331
Total Netherlands				8,103,932
Norway (1.87%)
Yara International ASA		87,092		3,306,660
Singapore (1.96%)
Singapore Airlines, Ltd.		489,100		3,472,631
Spain (8.34%)
Abertis Infraestructuras SA		242,556		3,556,381
Gas Natural SDG SA		189,222		3,683,487
Repsol SA		245,193		3,636,607
Telefonica SA		381,461		3,899,354
Total Spain				14,775,829
Sweden (4.11%)
Telefonaktiebolaget LM Ericsson, Class B		595,920		3,878,570
Telia Co. AB		845,952		3,400,077
Total Sweden				7,278,647
United Kingdom (15.43%)
AstraZeneca Plc		62,020		3,573,910
BP Plc		557,910		3,139,851
British American Tobacco Plc		60,150		3,791,569
GlaxoSmithKline Plc		179,810		3,676,975
Imperial Brands Plc		76,471		3,599,144
Pearson Plc		331,689		2,774,027
Rio Tinto, Ltd.		71,771		3,411,115

Security Description	Shares		Value
United Kingdom(continued)
Vodafone Group Plc		1,339,118	$	3,354,863
Total United Kingdom				27,321,454
TOTAL COMMON STOCKS
(Cost $181,372,077)				175,675,325

 

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.16%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		274,820		274,820
TOTAL SHORT TERM INVESTMENTS
(Cost $274,820)						274,820
TOTAL INVESTMENTS (99.36%)
(Cost $181,646,897)					$	175,950,145
NET OTHER ASSETS AND LIABILITIES (0.64%)						1,140,355
NET ASSETS (100.00%)					$	177,090,500

See Notes to Quarterly Schedule of Investments.

ALPS MEDICAL BREAKTHROUGHS ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.99%)
Biotechnology (75.68%)
AC Immune SA(a)(b)		49,563	$	616,564
ACADIA Pharmaceuticals, Inc.(a)(b)		108,363		4,129,714
Acceleron Pharma, Inc.(b)		33,772		902,388
Achillion Pharmaceuticals, Inc.(b)		122,291		490,387
Acorda Therapeutics, Inc.(b)		41,257		1,091,248
Adamas Pharmaceuticals, Inc.(b)		19,667		363,839
Adaptimmune Therapeutics Plc, ADR(b)		63,332		255,228
Aduro Biotech, Inc.(a)(b)		60,111		676,249
Advanced Accelerator Applications SA, ADR(a)(b)		38,670		1,467,140
Agios Pharmaceuticals, Inc.(a)(b)		37,593		1,821,005
Aimmune Therapeutics, Inc.(b)		37,922		768,679
Akebia Therapeutics, Inc.(b)		34,292		343,606
Alder Biopharmaceuticals, Inc.(b)		44,998		1,028,204
Alnylam Pharmaceuticals, Inc.(a)(b)		76,780		3,964,919
AMAG Pharmaceuticals, Inc.(b)		30,608		687,150
Aquinox Pharmaceuticals, Inc.(a)(b)		20,954		362,085
Ardelyx, Inc.(a)(b)		42,317		575,511
Ascendis Pharma A/S, ADR(a)(b)		28,208		834,111
Atara Biotherapeutics, Inc.(b)		25,822		398,950
Axovant Sciences, Ltd.(b)		88,718		1,127,606
Bluebird Bio, Inc.(b)		33,377		2,925,494
Celldex Therapeutics, Inc.(a)(b)		90,587		320,678
ChemoCentryx, Inc.(b)		42,774		283,164
Chimerix, Inc.(b)		41,436		235,356
Concert Pharmaceuticals, Inc.(b)		19,930		185,349
DBV Technologies SA, Sponsored ADR(b)		43,129		1,571,189
Emergent BioSolutions, Inc.(b)		36,236		1,137,086
Enanta Pharmaceuticals, Inc.(b)		17,034		490,920
Epizyme, Inc.(b)		51,902		737,008
Exelixis, Inc.(b)		255,198		5,494,413
FibroGen, Inc.(b)		56,508		1,412,700
Five Prime Therapeutics, Inc.(b)		25,449		1,167,346
Flexion Therapeutics, Inc.(a)(b)		27,849		558,372
Galapagos NV, Sponsored ADR(b)		41,255		2,910,540
Global Blood Therapeutics, Inc.(a)(b)		33,389		929,884
Halozyme Therapeutics, Inc.(b)		115,854		1,485,248
Inotek Pharmaceuticals Corp.(a)(b)		24,090		38,544
Intercept Pharmaceuticals, Inc.(a)(b)		22,198		2,832,243
Ionis Pharmaceuticals, Inc.(b)		92,684		4,612,883
Ironwood Pharmaceuticals, Inc.(b)		117,353		1,982,092
Juno Therapeutics, Inc.(a)(b)		94,721		2,277,093
Kite Pharma, Inc.(a)(b)		44,624		3,158,040
Ligand Pharmaceuticals, Inc.(b)		18,698		1,956,372
Loxo Oncology, Inc.(b)		19,394		861,869
MacroGenics, Inc.(b)		31,167		658,870
Minerva Neurosciences, Inc.(b)		31,138		272,457
Myovant Sciences, Ltd.(a)(b)		52,359		570,713

Security Description	Shares		Value
Biotechnology (75.68%) (continued)
Neurocrine Biosciences, Inc.(b)		77,722	$	3,432,204
OncoMed Pharmaceuticals, Inc.(b)		33,185		337,160
Ophthotech Corp.(a)(b)		31,943		114,356
Otonomy, Inc.(b)		27,010		401,098
PDL BioPharma, Inc.		148,109		316,953
Portola Pharmaceuticals, Inc.(b)		50,586		1,754,322
Progenics Pharmaceuticals, Inc.(b)		62,675		704,467
PTC Therapeutics, Inc.(b)		30,705		418,509
Radius Health, Inc.(b)		38,575		1,625,551
Sage Therapeutics, Inc.(b)		33,250		2,241,050
Seres Therapeutics, Inc.(a)(b)		36,106		349,506
Spark Therapeutics, Inc.(b)		27,533		1,756,055
Ultragenyx Pharmaceutical, Inc.(b)		36,558		3,110,355
Versartis, Inc.(b)		31,133		680,256
Total Biotechnology				80,212,348
Pharmaceuticals (24.31%)
Aclaris Therapeutics, Inc.(b)		22,746		710,358
Aerie Pharmaceuticals, Inc.(b)		29,866		1,414,155
Akorn, Inc.(b)		112,050		2,331,760
Clearside Biomedical, Inc.(a)(b)		18,403		144,464
Depomed, Inc.(b)		55,101		903,105
Endo International Plc(b)		199,408		2,721,919
Foamix Pharmaceuticals, Ltd.(b)		32,749		320,285
GW Pharmaceuticals Plc, ADR(b)		22,104		2,758,137
Horizon Pharma Plc(b)		144,276		2,315,630
Impax Laboratories, Inc.(b)		66,104		941,982
Lannett Co., Inc.(a)(b)		33,105		728,310
Neuroderm, Ltd.(b)		19,332		447,536
Novan, Inc.(a)(b)		14,262		80,723
Ocular Therapeutix, Inc.(a)(b)		22,259		185,640
Pacira Pharmaceuticals, Inc.(b)		33,465		1,462,420
Reata Pharmaceuticals, Inc., Class A(b)		7,433		188,427
Revance Therapeutics, Inc.(a)(b)		25,514		535,794
SciClone Pharmaceuticals, Inc.(b)		45,678		452,212
Sucampo Pharmaceuticals, Inc., Class A(a)(b)		41,011		481,879
Supernus Pharmaceuticals, Inc.(b)		44,295		1,138,382
Taro Pharmaceutical Industries, Ltd.(a)(b)		36,715		4,402,496
TherapeuticsMD, Inc.(a)(b)		175,881		1,104,533
Total Pharmaceuticals				25,770,147
TOTAL COMMON STOCKS
(Cost $122,171,799)				105,982,495
RIGHTS (0.00%)(c)
Biotechnology (0.00%)(c)
Dyax Corp. - CVR (Expiring 12/31/2019)		170,016		1,700
Total Biotechnology				1,700
TOTAL RIGHTS
(Cost $–)				1,700

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (8.27%)
Money Market Fund (0.01%)
State Street Institutional Treasury Plus Money Market Fund
(Cost $11,231)	0.414	%		11,231	$	11,231
Investments Purchased with Collateral from Securities Loaned (8.26%)
State Street Navigator Securities Lending Prime Portfolio, 0.51%
(Cost $8,755,558)				8,755,558		8,755,558
TOTAL SHORT TERM INVESTMENTS
(Cost $8,766,789)						8,766,789
TOTAL INVESTMENTS (108.26%)
(Cost $130,938,588)					$	114,750,984
NET LIABILITIES LESS OTHER ASSETS (-8.26%)						(8,760,619	)
NET ASSETS (100.00%)					$	105,990,365

^(a) Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $20,206,231.

^(b) Non-income producing security.

^(c) Less than 0.005% of Net Assets.

See Notes to Quarterly Schedule of Investments.

ALPS Sector Dividend Dogs ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.71%)
Consumer Discretionary (9.38%)
Ford Motor Co.		3,346,167	$	41,927,472
Garmin, Ltd.		881,721		45,505,621
General Motors Co.		1,173,442		43,229,603
Mattel, Inc.		1,499,746		38,588,465
Staples, Inc.		4,402,946		39,582,485
Total Consumer Discretionary				208,833,646
Consumer Staples (11.06%)
Altria Group, Inc.		665,991		49,896,046
The Coca-Cola Co.		1,049,700		44,045,412
Kimberly-Clark Corp.		386,052		51,171,192
Philip Morris International, Inc.		488,911		53,462,418
The Procter & Gamble Co.		523,067		47,635,712
Total Consumer Staples				246,210,780
Energy (9.50%)
Chevron Corp.		381,760		42,948,000
Occidental Petroleum Corp.		626,340		41,056,587
ONEOK, Inc.		773,849		41,826,538
Valero Energy Corp.		650,396		44,194,408
The Williams Cos., Inc.		1,463,443		41,473,975
Total Energy				211,499,508
Financials (9.69%)
Arthur J Gallagher & Co.		870,377		49,567,970
Invesco, Ltd.		1,348,804		43,418,001
Navient Corp.		2,554,077		39,358,327
People's United Financial, Inc.		2,210,880		42,448,896
T. Rowe Price Group, Inc.		575,467		40,979,005
Total Financials				215,772,199
Health Care (10.84%)
AbbVie, Inc.		717,004		44,339,527
Eli Lilly & Co.		651,446		53,946,243
Johnson & Johnson		393,272		48,061,771
Merck & Co., Inc.		720,647		47,469,018
Pfizer, Inc.		1,391,090		47,463,991
Total Health Care				241,280,550
Industrials (9.71%)
Caterpillar, Inc.		461,797		44,637,298
Eaton Corp. Plc		635,571		45,748,401
Emerson Electric Co.		768,424		46,182,282
General Electric Co.		1,386,644		41,335,858
Pitney Bowes, Inc.		2,792,979		38,096,233
Total Industrials				216,000,072

Security Description	Shares		Value
Information Technology (11.18%)
Cisco Systems, Inc.		1,466,841	$	50,136,625
HP, Inc.		2,800,546		48,645,484
International Business Machines Corp.		265,066		47,664,168
Seagate Technology Plc		1,120,912		54,016,749
Xerox Corp.		6,515,565		48,475,804
Total Information Technology				248,938,830
Materials (10.12%)
CF Industries Holdings, Inc.		1,428,053		44,869,425
The Dow Chemical Co.		764,478		47,596,400
International Paper Co.		821,328		43,283,986
LyondellBasell Industries NV, Class A		500,471		45,662,974
The Mosaic Co.		1,406,492		43,868,486
Total Materials				225,281,271
Telecommunication Services (7.54%)
AT&T, Inc.		1,091,727		45,623,271
CenturyLink, Inc.		1,832,355		44,452,932
Frontier Communications Corp.		12,010,989		35,192,198
Verizon Communications, Inc.		856,604		42,513,257
Total Telecommunication Services				167,781,658
Utilities (10.69%)
Duke Energy Corp.		583,180		48,141,509
Entergy Corp.		622,843		47,747,144
FirstEnergy Corp.		1,434,929		46,534,748
PPL Corp.		1,318,616		48,630,558
The Southern Co.		921,880		46,849,942
Total Utilities				237,903,901
TOTAL COMMON STOCKS
(Cost $2,046,476,464)				2,219,502,415

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.07%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		1,497,364		1,497,364
TOTAL SHORT TERM INVESTMENTS
(Cost $1,497,364)						1,497,364
TOTAL INVESTMENTS (99.78%)
(Cost $2,047,973,828)					$	2,220,999,779
NET OTHER ASSETS AND LIABILITIES (0.22%)						4,863,911
NET ASSETS (100.00%)					$	2,225,863,690

See Notes to Quarterly Schedule of Investments.

BARRON'S 400SM ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (95.48%)
Consumer Discretionary (19.26%)
AMC Networks, Inc., Class A(a)		8,031	$	480,334
American Axle & Manufacturing Holdings, Inc.(a)		25,699		509,354
American Eagle Outfitters, Inc.		22,720		360,112
American Outdoor Brands Corp.(a)(b)		15,642		304,080
Bed Bath & Beyond, Inc.		9,655		390,062
Best Buy Co., Inc.		11,152		492,138
BJ's Restaurants, Inc.(a)		11,001		399,886
Buffalo Wild Wings, Inc.(a)		2,513		389,515
Capella Education Co.		7,197		547,692
Career Education Corp.(a)		64,084		533,820
Carter's, Inc.		4,292		377,739
Cato Corp., Class A		12,911		322,904
Cheesecake Factory, Inc.		8,354		510,012
Children's Place, Inc.		5,212		527,976
Chuy's Holdings, Inc.(a)		14,548		414,618
Columbia Sportswear Co.		7,757		426,170
Cooper Tire & Rubber Co.		12,094		489,202
Cooper-Standard Holding, Inc.(a)		4,104		459,648
Cracker Barrel Old Country Store, Inc.(b)		2,675		430,648
Dave & Buster's Entertainment, Inc.(a)		10,309		589,572
Del Taco Restaurants, Inc.(a)		37,914		470,513
Discovery Communications, Inc., Class C(a)		17,577		493,386
Dollar General Corp.		5,936		433,447
Dorman Products, Inc.(a)		6,723		525,470
Duluth Holdings, Inc., Class B(a)		15,143		319,366
Eldorado Resorts, Inc.(a)(b)		29,952		488,218
Five Below, Inc.(a)		10,177		392,323
Foot Locker, Inc.		6,455		488,450
Fox Factory Holding Corp.(a)		20,333		544,924
Francesca's Holdings Corp.(a)		27,873		473,005
General Motors Co.		13,504		497,487
Gentex Corp.		24,139		507,643
Gentherm, Inc.(a)		13,739		498,039
Grand Canyon Education, Inc.(a)		10,382		637,247
Gray Television, Inc.(a)		38,438		522,757
Harman International Industries, Inc.		5,187		578,973
Hasbro, Inc.		5,363		519,514
Hibbett Sports, Inc.(a)(b)		10,674		314,883
Home Depot, Inc.		3,222		466,900
ILG, Inc.		25,110		474,077
Installed Building Products, Inc.(a)		12,090		568,834
Kate Spade & Co.(a)		22,549		538,019
LCI Industries		4,342		467,633
Lear Corp.		3,552		504,348
Leggett & Platt, Inc.		8,504		418,227
Lennar Corp., Class A		9,345		455,943
LGI Homes, Inc.(a)(b)		11,519		334,166
LKQ Corp.(a)		11,876		375,044
MarineMax, Inc.(a)		22,593		508,343

Security Description	Shares		Value
Consumer Discretionary (continued)
Mohawk Industries, Inc.(a)		2,051	$	464,264
Nautilus, Inc.(a)		17,351		279,351
Nexstar Media Group, Inc.		7,844		540,844
NIKE, Inc., Class B		7,545		431,272
Nutrisystem, Inc.		15,321		712,427
NVR, Inc.(a)		257		497,287
Ollie's Bargain Outlet Holdings, Inc.(a)		16,560		519,156
O'Reilly Automotive, Inc.(a)		1,500		407,565
PetMed Express, Inc.(b)		20,612		434,089
Polaris Industries, Inc.		5,582		475,642
Pool Corp.		4,342		498,071
Priceline Group, Inc.(a)		301		518,963
Red Rock Resorts, Inc., Class A		20,087		441,311
Ross Stores, Inc.		6,830		468,401
Scripps Networks Interactive, Inc., Class A		6,806		549,721
Sinclair Broadcast Group, Inc., Class A		14,686		585,971
Skechers U.S.A., Inc., Class A(a)		18,095		464,499
Sportsman's Warehouse Holdings, Inc.(a)(b)		43,479		210,873
Starbucks Corp.		7,740		440,174
Stoneridge, Inc.(a)		23,727		400,749
Sturm Ruger & Co., Inc.(b)		7,439		370,834
Tenneco, Inc.(a)		7,559		486,119
Thor Industries, Inc.		5,411		599,647
Tile Shop Holdings, Inc.(a)		26,563		467,509
TJX Cos., Inc.		5,622		441,046
Tractor Supply Co.		6,029		427,516
TRI Pointe Group, Inc.(a)		33,292		397,506
Ulta Beauty, Inc.(a)		1,701		465,104
Vail Resorts, Inc.		2,525		457,480
Walt Disney Co.		4,407		485,167
Williams-Sonoma, Inc.		8,461		411,120
Total Consumer Discretionary				37,122,339
Consumer Staples (3.39%)
B&G Foods, Inc.		9,012		383,010
Boston Beer Co., Inc., Class A(a)		2,379		377,428
Cal-Maine Foods, Inc.(b)		9,562		362,878
Church & Dwight Co., Inc.		8,897		443,426
Constellation Brands, Inc., Class A		2,491		395,596
Hain Celestial Group, Inc.(a)		11,703		414,052
Hormel Foods Corp.		11,434		403,048
Ingredion, Inc.		3,037		367,143
Lancaster Colony Corp.		3,097		408,185
National Beverage Corp.		8,017		468,273
Omega Protein Corp.		16,971		431,912
Pinnacle Foods, Inc.		8,367		478,007
Spectrum Brands Holdings, Inc.		3,251		441,226
Sprouts Farmers Market, Inc.(a)		21,739		401,302
USANA Health Sciences, Inc.(a)		6,204		360,142
WD-40 Co.		3,560		391,244
Total Consumer Staples				6,526,872
Energy (0.46%)
DHT Holdings, Inc.		99,482		460,602

Security Description	Shares		Value
Energy (continued)
Ship Finance International, Ltd.		28,344	$	418,074
Total Energy				878,676
Financials (20.88%)
Ameris Bancorp		11,784		569,167
AmTrust Financial Services, Inc.		15,792		363,216
Banc of California, Inc.(b)		19,671		382,601
Bank of Hawaii Corp.		5,874		496,118
Bank of the Ozarks, Inc.		10,785		590,263
BankUnited, Inc.		13,383		530,368
BNC Bancorp		17,137		616,075
BofI Holding, Inc.(a)(b)		19,201		605,600
Cardinal Financial Corp.		15,923		497,435
Cathay General Bancorp		13,475		529,298
CBOE Holdings, Inc.		6,116		477,354
CenterState Banks, Inc.		23,501		580,710
Central Pacific Financial Corp.		16,666		526,312
Chemical Financial Corp.		9,528		507,557
Citigroup, Inc.		8,904		532,548
City Holding Co.		8,506		557,143
Columbia Banking System, Inc.		12,952		516,655
Credit Acceptance Corp.(a)(b)		2,155		431,991
Customers Bancorp, Inc.(a)		16,133		553,846
Eagle Bancorp, Inc.(a)		8,528		530,868
East West Bancorp, Inc.		11,687		632,500
Essent Group, Ltd.(a)		16,114		560,928
FactSet Research Systems, Inc.		2,274		404,545
FCB Financial Holdings, Inc., Class A(a)		10,911		530,275
Federated Investors, Inc., Class B		13,256		360,166
Fifth Third Bancorp		20,665		567,048
First Busey Corp.		17,993		556,344
First Citizens BancShares, Inc., Class A		1,496		533,010
First Financial Bankshares, Inc.(b)		11,541		507,804
First Merchants Corp.		15,580		625,070
First Midwest Bancorp, Inc.		21,622		528,225
Flagstar Bancorp, Inc.(a)		15,310		434,804
Franklin Financial Network, Inc.(a)		11,381		448,411
Glacier Bancorp, Inc.		14,563		537,666
Hanmi Financial Corp.		15,850		529,390
Heartland Financial USA, Inc.		11,491		569,379
Heritage Insurance Holdings, Inc.		31,112		459,213
Home BancShares, Inc.		18,851		530,467
Hope Bancorp, Inc.		24,491		524,107
IBERIABANK Corp.		6,196		525,111
Independent Bank Corp.		7,958		517,270
Independent Bank Group, Inc.		9,585		606,730
Intercontinental Exchange, Inc.		7,415		423,619
Investors Bancorp, Inc.		34,819		509,402
Lakeland Financial Corp.		11,799		535,557
Lazard, Ltd., Class A		11,651		501,692
LegacyTexas Financial Group, Inc.		13,513		575,519
LendingTree, Inc.(a)		4,190		496,096
MarketAxess Holdings, Inc.		2,364		461,524
MB Financial, Inc.		10,978		494,230
Meta Financial Group, Inc.		6,839		585,418
MGIC Investment Corp.(a)		52,359		557,623
MSCI, Inc.		4,823		456,208
Pacific Premier Bancorp, Inc.(a)		15,719		628,760

Security Description	Shares		Value
Financials (continued)
PacWest Bancorp		9,881	$	544,443
Pinnacle Financial Partners, Inc.		7,505		520,847
Primerica, Inc.		7,544		609,178
S&P Global, Inc.		3,320		429,840
ServisFirst Bancshares, Inc.		16,348		679,586
Signature Bank(a)		3,446		542,779
Simmons First National Corp., Class A		8,488		488,060
South State Corp.		5,551		496,815
Sterling Bancorp		24,153		597,787
Suffolk Bancorp		11,958		508,693
SunTrust Banks, Inc.		9,541		567,594
Synovus Financial Corp.		12,907		544,934
Texas Pacific Land Trust		2,140		638,811
Umpqua Holdings Corp.		27,026		508,359
Union Bankshares Corp.		15,476		561,160
United Community Banks, Inc.		20,272		585,658
Universal Insurance Holdings, Inc.		17,281		465,723
Walker & Dunlop, Inc.(a)		16,488		670,237
Washington Federal, Inc.		15,935		539,400
WesBanco, Inc.		12,980		523,873
Western Alliance Bancorp(a)		11,548		596,339
WSFS Financial Corp.		11,394		519,566
Total Financials				40,248,918
Health Care (13.18%)
AbbVie, Inc.		6,596		407,897
ABIOMED, Inc.(a)		3,528		416,198
Acadia Healthcare Co., Inc.(a)		8,172		365,452
Akorn, Inc.(a)		15,156		315,396
Align Technology, Inc.(a)		4,442		456,460
Amgen, Inc.		2,367		417,847
AMN Healthcare Services, Inc.(a)		12,205		502,236
Amphastar Pharmaceuticals, Inc.(a)		23,329		360,900
Anika Therapeutics, Inc.(a)		8,849		414,045
Baxter International, Inc.		9,207		468,820
Biogen, Inc.(a)		1,432		413,275
BioTelemetry, Inc.(a)		22,770		579,496
Bristol-Myers Squibb Co.		7,514		426,119
Cambrex Corp.(a)		9,147		515,433
Cantel Medical Corp.		5,451		447,582
Celgene Corp.(a)		3,944		487,123
Cerner Corp.(a)		6,745		371,245
Chemed Corp.		2,943		525,473
CryoLife, Inc.(a)		24,334		389,344
Cynosure, Inc., Class A(a)		8,310		548,460
Edwards Lifesciences Corp.(a)		3,557		334,500
Enanta Pharmaceuticals, Inc.(a)		18,033		519,711
Envision Healthcare Corp.(a)		6,215		435,050
Five Prime Therapeutics, Inc.(a)		8,752		401,454
Gilead Sciences, Inc.		5,352		377,209
Globus Medical, Inc., Class A(a)		18,448		513,039
HealthEquity, Inc.(a)		12,424		542,929
HealthSouth Corp.		10,270		434,626
Heska Corp.(a)		7,649		709,368
Hologic, Inc.(a)		11,168		453,197
ICU Medical, Inc.(a)		3,339		502,186
Illumina, Inc.(a)		2,355		394,227
INC Research Holdings, Inc., Class A(a)		9,752		425,675

Security Description	Shares		Value
Health Care (continued)
Incyte Corp.(a)		5,275	$	702,102
Insys Therapeutics, Inc.(a)(b)		30,564		389,997
Intuitive Surgical, Inc.(a)		634		467,258
Landauer, Inc.		9,448		493,658
Luminex Corp.(a)		19,634		364,800
Masimo Corp.(a)		7,290		658,724
OraSure Technologies, Inc.(a)		48,697		545,893
PAREXEL International Corp.(a)		6,236		403,407
Phibro Animal Health Corp., Class A		16,126		449,109
Regeneron Pharmaceuticals, Inc.(a)		1,086		405,621
ResMed, Inc.		6,377		459,335
SciClone Pharmaceuticals, Inc.(a)		41,044		406,336
Supernus Pharmaceuticals, Inc.(a)		18,674		479,922
Surgical Care Affiliates, Inc.(a)		10,058		570,490
Teleflex, Inc.		2,229		426,140
United Therapeutics Corp.(a)		3,329		491,760
Universal Health Services, Inc., Class B		3,342		419,755
US Physical Therapy, Inc.		6,578		497,626
VCA, Inc.(a)		6,110		555,399
Veeva Systems, Inc., Class A(a)		10,517		459,488
Waters Corp.(a)		2,629		407,469
Xencor, Inc.(a)		19,122		475,182
Total Health Care				25,401,443
Industrials (15.54%)
AAON, Inc.		15,531		522,618
Acuity Brands, Inc.		1,610		340,193
Alaska Air Group, Inc.		6,115		598,169
Albany International Corp., Class A		10,164		460,937
Allegiant Travel Co.		2,913		507,153
American Airlines Group, Inc.		11,180		518,305
American Woodmark Corp.(a)		5,153		445,477
AO Smith Corp.		9,122		459,384
Apogee Enterprises, Inc.		9,397		537,320
Argan, Inc.		8,084		556,988
Astronics Corp.(a)		10,024		335,904
AZZ, Inc.		6,653		390,198
BWX Technologies, Inc.		10,966		509,261
Cintas Corp.		3,599		424,718
Comfort Systems USA, Inc.		15,893		606,318
Copart, Inc.(a)		8,399		496,717
Crane Co.		6,801		491,644
Delta Air Lines, Inc.		11,132		555,821
Deluxe Corp.		6,193		455,743
Douglas Dynamics, Inc.		13,257		442,121
Dycom Industries, Inc.(a)(b)		5,239		430,541
Fortune Brands Home & Security, Inc.		7,108		411,056
G&K Services, Inc., Class A		4,225		399,262
Greenbrier Cos., Inc.(b)		12,498		525,541
Hawaiian Holdings, Inc.(a)		8,870		431,525
HEICO Corp., Class A		7,256		514,813
Herman Miller, Inc.		12,068		359,626
Hexcel Corp.		9,460		520,111
HNI Corp.		7,791		356,984
Insteel Industries, Inc.		12,480		450,778
Interface, Inc.		24,723		467,265
JB Hunt Transport Services, Inc.		5,263		516,669
JetBlue Airways Corp.(a)		24,305		485,128

Security Description	Shares		Value
Industrials (continued)
John Bean Technologies Corp.		6,380	$	570,372
Joy Global, Inc.		15,204		428,601
Kadant, Inc.		8,076		499,904
Knoll, Inc.		16,978		379,458
Lydall, Inc.(a)		9,087		460,711
Mercury Systems, Inc.(a)		18,975		708,906
Middleby Corp.(a)		3,345		463,985
Nordson Corp.		4,285		514,371
Old Dominion Freight Line, Inc.(a)		6,203		569,187
On Assignment, Inc.(a)		11,422		539,004
Patrick Industries, Inc.(a)		6,955		555,357
Raytheon Co.		2,946		454,126
Robert Half International, Inc.		11,155		538,117
RPX Corp.(a)		40,645		436,934
Snap-on, Inc.		2,805		475,924
Southwest Airlines Co.		11,251		650,308
Spirit AeroSystems Holdings, Inc., Class A		9,225		568,352
Spirit Airlines, Inc.(a)		10,878		567,940
Stanley Black & Decker, Inc.		3,391		431,166
Toro Co.		8,932		537,796
Trex Co., Inc.(a)		7,279		495,045
United Parcel Service, Inc., Class B		3,810		402,946
United Rentals, Inc.(a)		5,425		694,563
Universal Forest Products, Inc.		4,179		400,390
USG Corp.(a)		15,719		530,202
Wabash National Corp.		31,297		661,932
WABCO Holdings, Inc.(a)		3,984		447,324
Wabtec Corp.		5,577		446,829
Total Industrials				29,954,038
Information Technology (17.19%)
Advanced Energy Industries, Inc.(a)		9,460		587,466
Alphabet, Inc., Class A(a)		541		457,107
Ambarella, Inc.(a)(b)		6,346		374,097
Amphenol Corp., Class A		6,781		469,313
ANSYS, Inc.(a)		4,425		472,413
Apple, Inc.		3,770		516,452
Applied Materials, Inc.		14,221		515,085
Arista Networks, Inc.(a)		5,175		615,773
Broadridge Financial Solutions, Inc.		6,080		421,526
CDW Corp.		9,402		553,778
Citrix Systems, Inc.(a)		5,023		396,566
Coherent, Inc.(a)		4,004		731,050
Convergys Corp.		14,325		313,431
CSG Systems International, Inc.		10,150		400,011
Dolby Laboratories, Inc., Class A		8,513		416,201
Electronic Arts, Inc.(a)		5,166		446,859
Ellie Mae, Inc.(a)		4,398		420,273
Entegris, Inc.(a)		25,729		545,455
EPAM Systems, Inc.(a)		6,220		457,979
Euronet Worldwide, Inc.(a)		5,388		446,019
EVERTEC, Inc.		25,246		425,395
F5 Networks, Inc.(a)		3,476		498,007
Facebook, Inc., Class A(a)		3,184		431,559
Fair Isaac Corp.		3,178		413,362
Fiserv, Inc.(a)		4,106		473,832
Fitbit, Inc., Class A(a)(b)		28,423		176,507
Gigamon, Inc.(a)		9,220		313,941
GrubHub, Inc.(a)		10,072		353,124

Security Description	Shares		Value
Information Technology (continued)
GTT Communications, Inc.(a)		19,652	$	548,291
Hackett Group, Inc.		25,695		518,011
II-VI, Inc.(a)		19,652		699,611
Integrated Device Technology, Inc.(a)		20,871		499,026
InterDigital, Inc.		5,758		483,960
IPG Photonics Corp.(a)		5,160		610,428
j2 Global, Inc.		6,185		503,583
Jack Henry & Associates, Inc.		4,765		446,814
Keysight Technologies, Inc.(a)		14,030		527,528
KLA-Tencor Corp.		6,052		545,406
Lam Research Corp.		4,464		529,163
Logitech International SA		19,542		563,005
LogMeIn, Inc.		1		92
Manhattan Associates, Inc.(a)		7,201		361,130
Mastercard, Inc., Class A		4,104		453,328
Match Group, Inc.(a)(b)		26,973		435,884
MAXIMUS, Inc.		7,328		437,262
MaxLinear, Inc., Class A(a)		22,984		598,503
MeetMe, Inc.(a)		76,525		369,616
Methode Electronics, Inc.		12,196		506,134
Microsoft Corp.		7,391		472,876
MicroStrategy, Inc., Class A(a)		2,458		471,641
NIC, Inc.		18,503		390,413
NVIDIA Corp.		6,978		708,127
Paychex, Inc.		7,071		434,301
Paycom Software, Inc.(a)		8,680		467,244
QUALCOMM, Inc.		6,818		385,081
Qualys, Inc.(a)		11,777		411,606
Rambus, Inc.(a)		32,390		406,818
Rubicon Project, Inc.(a)		50,098		437,857
Rudolph Technologies, Inc.(a)		24,153		519,290
Silver Spring Networks, Inc.(a)		31,064		380,845
Skyworks Solutions, Inc.		6,023		571,041
Stamps.com, Inc.(a)		4,394		554,083
Syntel, Inc.		14,834		262,413
Texas Instruments, Inc.		6,194		474,584
Total System Services, Inc.		8,670		472,342
TTM Technologies, Inc.(a)		40,565		655,530
Ubiquiti Networks, Inc.(a)		7,955		390,909
Universal Display Corp.(a)(b)		7,197		610,665
VMware, Inc., Class A(a)(b)		5,715		513,721
WebMD Health Corp.(a)		8,096		420,182
Xperi Corp.		12,556		450,133
Total Information Technology				33,141,058
Materials (4.13%)
Avery Dennison Corp.		5,525		445,923
Berry Plastics Group, Inc.(a)		9,549		480,601
Dow Chemical Co.		8,028		499,823
Eagle Materials, Inc.		5,486		568,953
Graphic Packaging Holding Co.		29,876		398,845
Headwaters, Inc.(a)		24,796		570,308
Innospec, Inc.		7,193		469,703
Martin Marietta Materials, Inc.		2,340		505,323
NewMarket Corp.		998		434,819
Packaging Corp. of America		5,278		487,846
Rayonier Advanced Materials, Inc.		37,405		495,990
RPM International, Inc.		8,149		434,260
Schweitzer-Mauduit International, Inc.		11,049		453,340

Security Description	Shares		Value
Materials (continued)
Sherwin-Williams Co.		1,456	$	449,234
Stepan Co.		6,063		458,423
Tahoe Resources, Inc.		30,927		261,952
Trinseo SA		7,967		550,918
Total Materials				7,966,261
Real Estate (0.48%)
HFF, Inc., Class A		15,953		473,006
Marcus & Millichap, Inc.(a)		16,793		459,289
Total Real Estate				932,295
Telecommunication Services (0.48%)
AT&T, Inc.		10,453		436,831
Level 3 Communications, Inc.(a)		8,622		493,609
Total Telecommunication Services				930,440
Utilities (0.49%)
Ormat Technologies, Inc.		8,705		479,907
PPL Corp.		12,379		456,537
Total Utilities				936,444
TOTAL COMMON STOCKS
(Cost $152,678,230)				184,038,784
LIMITED PARTNERSHIPS (3.52%)
Energy (2.99%)
Antero Midstream Partners LP		16,221		556,380
EQT Midstream Partners LP		5,514		434,613
Holly Energy Partners LP		13,193		473,893
Magellan Midstream Partners LP		6,094		472,346
Phillips 66 Partners LP		8,889		494,495
Rice Midstream Partners LP		19,916		490,133
Shell Midstream Partners LP		14,021		459,328
Spectra Energy Partners LP		9,741		435,715
Tallgrass Energy Partners LP		9,317		498,087
Tesoro Logistics LP		9,085		511,576
Valero Energy Partners LP		9,985		488,866
Western Refining Logistics LP		18,711		456,548
Total Energy				5,771,980
Financials (0.27%)
Apollo Global Management LLC, Class A		22,645		514,947
Total Financials				514,947
Materials (0.26%)
SunCoke Energy Partners LP		29,634		494,888
Total Materials				494,888
TOTAL LIMITED PARTNERSHIPS
(Cost $5,994,105)				6,781,815

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (3.28%)
Money Market Fund (0.97%)
State Street Institutional Treasury Plus Money Market Fund
(Cost $1,874,553)	0.414	%		1,874,553	$	1,874,553
Investments Purchased With Collateral From Securities Loaned (2.31%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.51%
(Cost $4,455,355)				4,455,355	$	4,455,355
TOTAL SHORT TERM INVESTMENTS
(Cost $6,329,908)						6,329,908
TOTAL INVESTMENTS (102.28%)
(Cost $165,002,243)					$	197,150,507
NET OTHER ASSETS AND LIABILITIES (-2.28%)						(4,406,968	)
NET ASSETS (100.00%)					$	192,743,539

^(a) Non-income producing security.

^(b) Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $4,968,187.

See Notes to Quarterly Schedule of Investments.

COHEN & STEERS GLOBAL REALTY MAJORS ETF	SCHEDULE OF INVESTMENTS
February 28, 2017(Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.57%)
Australia (8.03%)
Dexus Property Group		87,000	$	629,676
Goodman Group		144,232		834,900
The GPT Group		162,530		614,336
Scentre Group, Ltd.		482,059		1,611,433
Stockland		218,383		790,290
Vicinity Centres		295,786		655,392
Westfield Corp.		173,032		1,167,440
Total Australia				6,303,467
Brazil (0.31%)
BR Malls Participacoes SA(a)		49,510		239,354
Canada (1.16%)
Allied Properties Real Estate Investment Trust		7,707		203,207
Boardwalk Real Estate Investment Trust		3,385		113,334
RioCan Real Estate Investment Trust		29,423		591,030
Total Canada				907,571
France (4.10%)
Gecina SA		3,645		463,768
Klepierre		18,794		698,158
Unibail-Rodamco SE		8,993		2,051,680
Total France				3,213,606
Germany (4.16%)
alstria office REIT-AG		9,209		111,560
Deutsche EuroShop AG		4,113		170,436
Deutsche Wohnen AG		30,466		1,046,539
LEG Immobilien AG		5,642		464,962
Vonovia SE		42,302		1,473,958
Total Germany				3,267,455
Hong Kong (10.80%)
Cheung Kong Property Holdings, Ltd.		250,500		1,703,796
China Overseas Land & Investment, Ltd.		387,000		1,191,475
Hang Lung Properties, Ltd.		188,000		474,668
Hongkong Land Holdings, Ltd.		106,500		727,395
Link REIT		202,664		1,398,016
Sun Hung Kai Properties, Ltd.		144,000		2,105,399
The Wharf Holdings, Ltd.		109,700		869,782
Total Hong Kong				8,470,531
Japan (10.20%)
Japan Real Estate Investment Corp.		112		617,099
Japan Retail Fund Investment Corp.		231		464,694
Mitsubishi Estate Co., Ltd.		125,000		2,442,254
Mitsui Fudosan Co., Ltd.		89,000		2,014,571
Nippon Building Fund, Inc.		127		709,920
Nomura Real Estate Master Fund, Inc.		378		566,268
Sumitomo Realty & Development Co., Ltd.		43,000		1,186,907
Total Japan				8,001,713
Singapore (2.18%)
Ascendas Real Estate Investment Trust		214,705		383,019
CapitaLand Mall Trust		245,547		345,174
CapitaLand, Ltd.		234,000		607,792

Security Description	Shares		Value
Singapore (2.18%) (continued)
City Developments, Ltd.		55,900	$	377,746
Total Singapore				1,713,731
Spain (0.62%)
Merlin Properties Socimi SA		42,527		482,744
Sweden (0.43%)
Castellum AB		24,952		338,071
Switzerland (0.43%)
PSP Swiss Property AG		3,662		341,279
United Kingdom (3.83%)
The British Land Co. PLC		92,606		709,571
Derwent London PLC		10,135		354,644
Hammerson PLC		71,000		518,471
Land Securities Group PLC		72,610		960,447
Segro PLC		75,045		459,825
Total United Kingdom				3,002,958
United States (53.32%)
Alexandria Real Estate Equities, Inc.		8,025		957,463
American Campus Communities, Inc.		11,938		610,032
AvalonBay Communities, Inc.		12,419		2,282,364
Boston Properties, Inc.		13,923		1,935,715
Digital Realty Trust, Inc.		14,378		1,552,824
Douglas Emmett, Inc.		13,081		527,687
Equinix, Inc.		6,465		2,431,293
Equity LifeStyle Properties, Inc.		7,297		580,987
Equity Residential		33,081		2,086,419
Essex Property Trust, Inc.		5,938		1,393,649
Extra Space Storage, Inc.		11,390		901,974
Federal Realty Investment Trust		6,485		912,634
General Growth Properties, Inc.		52,907		1,315,268
HCP, Inc.		42,342		1,388,394
Highwoods Properties, Inc.		9,117		478,551
Host Hotels & Resorts, Inc.		66,995		1,205,240
Kilroy Realty Corp.		8,892		686,018
Kimco Realty Corp.		38,418		931,636
National Retail Properties, Inc.		13,328		602,959
ProLogis, Inc.		47,909		2,445,754
Public Storage		13,499		3,070,482
Realty Income Corp.		23,453		1,437,200
Regency Centers Corp.		9,449		664,737
Simon Property Group, Inc.		16,405		3,025,082
SL Green Realty Corp.		9,171		1,033,388
UDR, Inc.		24,192		883,008
Ventas, Inc.		32,072		2,086,284
Vornado Realty Trust		15,562		1,709,797
Weingarten Realty Investors		10,756		381,515

Security Description	Shares		Value
United States (53.32%) (continued)
Welltower, Inc.		32,870	$	2,313,391
Total United States				41,831,745
TOTAL COMMON STOCKS
(Cost $68,455,757)				78,114,225

	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.16%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		127,885		127,885
TOTAL SHORT TERM INVESTMENTS
(Cost $127,885)							127,885
TOTAL INVESTMENTS (99.73%)
(Cost $68,583,642)						$	78,242,110
NET OTHER ASSETS AND LIABILITIES (0.27%)							212,341
NET ASSETS (100.00%)						$	78,454,451

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

RIVERFRONT DYNAMIC CORE INCOME ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Principal Amount		Value
CORPORATE BONDS (94.95%)
Consumer Discretionary (18.46%)
Charter Communications Operating LLC, First Lien
3.58%, 07/23/2020	$	668,000	$	687,586
Comcast Corp., Sr. Unsec.
5.15%, 03/01/2020		387,000		422,333
Ford Motor Credit Co. LLC, Sr. Unsec.
3.34%, 03/18/2021		668,000		680,898
The Home Depot, Inc., Sr. Unsec.
2.63%, 06/01/2022		668,000		675,535
L Brands, Inc., Sr. Unsec.
7.00%, 05/01/2020		635,000		699,293
Total Consumer Discretionary				3,165,645
Consumer Staples (5.69%)
Anheuser-Busch InBev Finance, Inc., Sr. Unsec.
2.65%, 02/01/2021		668,000		676,067
CVS Health Corp., Sr. Unsec.
2.25%, 08/12/2019		175,000		176,375
PepsiCo, Inc., Sr. Unsec.
3.10%, 07/17/2022		120,000		123,498
Total Consumer Staples				975,940
Energy (16.06%)
BP Capital Markets PLC, Sr. Unsec.
3.22%, 11/28/2023		250,000		251,174
Chevron Corp., Sr. Unsec.
2.41%, 03/03/2022		215,000		214,656
Devon Energy Corp., Sr. Unsec.
3.25%, 05/15/2022		668,000		671,538
Enterprise Products Operating LLC, Sr. Unsec.
3.35%, 03/15/2023		668,000		679,070
Kinder Morgan, Inc., Sr. Unsec.
3.05%, 12/01/2019		668,000		680,400
Petroleos Mexicanos, Sr. Unsec.
8.00%, 05/03/2019		231,000		256,387
Total Energy				2,753,225
Financials (19.84%)
Bank of America Corp., Sr. Unsec.
3.30%, 01/11/2023		668,000		673,961
CIT Group, Inc., Sr. Unsec.
5.25%, 03/15/2018		668,000		691,132
The Goldman Sachs Group, Inc., Sr. Unsec.
2.55%, 10/23/2019		668,000		675,667

Security Description	Principal Amount		Value
Financials (continued)
JPMorgan Chase & Co., Sub.
3.38%, 05/01/2023	$	668,000	$	672,778
Morgan Stanley, Sr. Unsec.
5.63%, 09/23/2019		635,000		688,680
Total Financials				3,402,218
Health Care (9.30%)
AbbVie, Inc., Sr. Unsec.
2.90%, 11/06/2022		668,000		665,848
Actavis Funding SCS, Sr. Unsec.
3.00%, 03/12/2020		668,000		680,911
Pfizer, Inc., Sr. Unsec.
3.00%, 12/15/2026		250,000		248,120
Total Health Care				1,594,879
Industrials (3.95%)
General Electric Co., Sr. Unsec.
2.70%, 10/09/2022		668,000		676,780
Total Industrials				676,780
Information Technology (9.74%)
Apple, Inc., Sr. Unsec.
2.40%, 05/03/2023		503,000		495,841
Cisco Systems, Inc., Sr. Unsec.
4.95%, 02/15/2019		61,000		64,953
Flextronics International Ltd., Sr. Unsec.
5.00%, 02/15/2023		668,000		713,793
International Business Machines Corp., Sr. Unsec.
2.88%, 11/09/2022		200,000		202,612
Microsoft Corp., Sr. Unsec.
2.00%, 08/08/2023		200,000		192,575
Total Information Technology				1,669,774
Telecommunication Services (8.07%)
AT&T, Inc., Sr. Unsec.
2.45%, 06/30/2020		668,000		670,146
Verizon Communications, Inc., Sr. Unsec.
4.50%, 09/15/2020		668,000		713,416
Total Telecommunication Services				1,383,562
Utilities (3.84%)
The Southern Co., Sr. Unsec.
2.95%, 07/01/2023		668,000		657,919
Total Utilities				657,919
TOTAL CORPORATE BONDS
(Cost $16,291,000)				16,279,942

Security Description	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (4.06%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		696,404	$	696,404
TOTAL SHORT TERM INVESTMENTS
(Cost $696,404)							696,404
TOTAL INVESTMENTS (99.01%)
(Cost $16,987,404)						$	16,976,346
NET OTHER ASSETS AND LIABILITIES (0.99%)							170,219
NET ASSETS (100.00%)						$	17,146,565

See Notes to Quarterly Schedule of Investments.

RIVERFRONT DYNAMIC UNCONSTRAINED INCOME ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Principal Amount		Value
CORPORATE BONDS (94.39%)
Consumer Discretionary (19.75%)
Aramark Services, Inc., Sr. Unsec.
5.13%, 01/15/2024	$	150,000	$	157,515
Avis Budget Car Rental LLC / Avis Budget Finance, Inc., Sr. Unsec.
5.13%, 06/01/2022(a)		150,000		147,750
Cablevision Systems Corp., Sr. Unsec.
5.88%, 09/15/2022		150,000		154,125
CCO Holdings LLC / CCO Holdings Capital Corp., Sr. Unsec.
5.13%, 05/01/2027(a)		250,000		259,999
Clear Channel Worldwide Holdings, Inc., Sr. Unsec.
6.50%, 11/15/2022		150,000		156,093
DISH DBS Corp., Sr. Unsec.
5.88%, 11/15/2024		150,000		160,313
The Goodyear Tire & Rubber Co., Sr. Unsec.
5.00%, 05/31/2026		150,000		153,375
International Game Technology PLC, First Lien
6.25%, 02/15/2022(a)		150,000		162,750
MGM Resorts International, Sr. Unsec.
4.63%, 09/01/2026		300,000		295,496
Service Corp. International, Sr. Unsec.
5.38%, 05/15/2024		150,000		159,473
Total Consumer Discretionary				1,806,889
Consumer Staples (3.31%)
Spectrum Brands, Inc., Sr. Unsec.
5.75%, 07/15/2025		135,000		144,113
TreeHouse Foods, Inc., Sr. Unsec.
6.00%, 02/15/2024(a)		150,000		158,625
Total Consumer Staples				302,738
Energy (8.94%)
Cheniere Corpus Christi Holdings LLC, Sec.
7.00%, 06/30/2024(a)		100,000		112,500
Newfield Exploration Co., Sr. Unsec.
5.75%, 01/30/2022		300,000		321,750
Southwestern Energy Co., Sr. Unsec.
7.50%, 02/01/2018		10,000		10,399
5.80%, 01/23/2020(b)		100,000		99,250

Security Description	Principal Amount		Value
Energy (continued)
Tesoro Logistics LP / Tesoro Logistics Finance Corp., Sr. Unsec.
6.38%, 05/01/2024	$	100,000	$	109,208
Weatherford International Ltd., Sr. Unsec.
9.63%, 03/01/2019		150,000		164,625
Total Energy				817,732
Financials (5.01%)
CIT Group, Inc., Sr. Unsec.
5.00%, 08/15/2022		265,000		281,563
Navient Corp., Sr. Unsec.
6.13%, 03/25/2024		184,000		177,100
Total Financials				458,663
Health Care (9.08%)
Centene Corp., Sr. Unsec.
4.75%, 05/15/2022		76,000		79,135
6.13%, 02/15/2024		100,000		108,749
DaVita, Inc., Sr. Unsec.
5.00%, 05/01/2025		150,000		151,304
HCA, Inc., Sec.
5.00%, 03/15/2024		150,000		158,438
HealthSouth Corp., Sr. Unsec.
5.75%, 11/01/2024		175,000		179,375
Tenet Healthcare Corp., Sec.
4.75%, 06/01/2020		150,000		153,750
Total Health Care				830,751
Industrials (16.97%)
ADT Corp., First Lien
6.25%, 10/15/2021		150,000		164,438
CNH Industrial NV, Sr. Unsec.
4.50%, 08/15/2023		175,000		178,149
Icahn Enterprises LP / Icahn Enterprises Finance Corp., Sr. Unsec.
6.00%, 08/01/2020		150,000		156,752
Owens-Brockway Glass Container, Inc., Sr. Unsec.
5.00%, 01/15/2022(a)		150,000		156,563
Park Aerospace Holdings Ltd., Sr. Unsec.
5.25%, 08/15/2022(a)		200,000		208,749
Terex Corp., Sr. Unsec.
5.63%, 02/01/2025(a)		175,000		179,812
United Rentals North America Inc., Sr. Unsec.
5.88%, 09/15/2026		150,000		158,438
WESCO Distribution, Inc., Sr. Unsec.
5.38%, 06/15/2024		150,000		155,250
XPO Logistics, Inc., Sr. Unsec.
6.50%, 06/15/2022(a)		185,000		194,943
Total Industrials				1,553,094

Security Description	Principal Amount		Value
Information Technology (3.56%)
First Data Corp., First Lien
5.38%, 08/15/2023(a)	$	160,000	$	166,800
SS&C Technologies Holdings, Inc., Sr. Unsec.
5.88%, 07/15/2023		150,000		159,375
Total Information Technology				326,175
Materials (12.71%)
AK Steel Corp., First Lien
7.50%, 07/15/2023		150,000		164,250
ArcelorMittal, Sr. Unsec.
7.00%, 02/25/2022(b)		150,000		171,375
Cascades, Inc., Sr. Unsec.
5.50%, 07/15/2022(a)		150,000		153,000
Freeport-McMoRan, Inc., Sr. Unsec.
6.50%, 11/15/2020(a)		175,000		180,688
Teck Resources Ltd., Sr. Unsec.
8.00%, 06/01/2021(a)		50,000		55,813
8.50%, 06/01/2024(a)		183,000		214,109
United States Steel Corp., First Lien
8.38%, 07/01/2021(a)		150,000		169,125
Vale Overseas Ltd., Sr. Unsec.
5.88%, 06/10/2021		50,000		54,298
Total Materials				1,162,658
Real Estate (3.38%)
Iron Mountain, Inc., Sr. Sub.
5.75%, 08/15/2024		300,000		309,372
Total Real Estate				309,372
Telecommunication Services (7.30%)
CenturyLink, Inc., Sr. Unsec.
7.50%, 04/01/2024		150,000		161,625
Frontier Communications Corp., Sr. Unsec.
8.50%, 04/15/2020		100,000		106,374
9.25%, 07/01/2021		75,000		79,313
Sprint Communications, Inc., Sr. Unsec.
9.00%, 11/15/2018(a)		150,000		164,438
T-Mobile USA, Inc., Sr. Unsec.
6.73%, 04/28/2022		150,000		156,375
Total Telecommunication Services				668,125
Utilities (4.38%)
Dynegy, Inc., Sr. Unsec.
7.63%, 11/01/2024		257,000		245,435
NRG Energy, Inc., Sr. Unsec.
7.25%, 05/15/2026		150,000		155,063
Total Utilities				400,498
TOTAL CORPORATE BONDS
(Cost $8,389,929)				8,636,695

Security Description	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (4.44%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		405,905	$	405,905
TOTAL SHORT TERM INVESTMENTS
(Cost $405,905)							405,905
TOTAL INVESTMENTS (98.83%)
(Cost $8,795,834)						$	9,042,600
NET OTHER ASSETS AND LIABILITIES (1.17%)							107,593
NET ASSETS (100.00%)						$	9,150,193

^(a) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $2,685,664, representing 29.35% of net assets.

^(b) Represents a step bond. Rate disclosed is as of February 28, 2017.

See Notes to Quarterly Schedule of Investments.

RIVERFRONT DYNAMIC US DIVIDEND ADVANTAGE ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.77%)
Consumer Discretionary (11.75%)
Abercrombie & Fitch Co., Class A		7,610	$	91,016
Amazon.com, Inc.(a)		423		357,452
Barnes & Noble, Inc.		10,103		99,009
Brinker International, Inc.		2,468		104,248
Carnival Corp.		3,671		205,392
CBS Corp., Class B		1,705		112,394
Darden Restaurants, Inc.		2,831		211,419
Dunkin' Brands Group, Inc.		2,253		123,938
Ford Motor Co.		20,016		250,800
Garmin Ltd.		2,254		116,329
International Game Technology PLC		11,840		319,680
Mattel, Inc.		8,492		218,499
McDonald's Corp.		972		124,076
Meredith Corp.		3,808		238,762
Scripps Networks Interactive, Inc., Class A		1,634		131,978
Starbucks Corp.		1,710		97,248
Total Consumer Discretionary				2,802,240
Consumer Staples (8.38%)
Altria Group, Inc.		2,344		175,612
CVS Health Corp.		2,137		172,199
Flowers Foods, Inc.		17,406		335,240
Kimberly-Clark Corp.		436		57,792
The Kroger Co.		3,543		112,667
Sysco Corp.		4,620		243,566
Unilever NV, NY Shares		5,825		275,697
Walgreens Boots Alliance, Inc.		1,257		108,580
Wal-Mart Stores, Inc.		7,290		517,081
Total Consumer Staples				1,998,434
Energy (5.14%)
Archrock, Inc.		9,574		130,685
Chevron Corp.		1,092		122,850
Exxon Mobil Corp.		4,347		353,498
Kinder Morgan, Inc.		5,210		111,025
Occidental Petroleum Corp.		1,692		110,911
ONEOK, Inc.		3,655		197,553
The Williams Cos, Inc.		6,995		198,238
Total Energy				1,224,760
Financials (14.92%)
Bank of America Corp.		5,076		125,276
Berkshire Hathaway, Inc., Class B(a)		2,333		399,922
Federated Investors, Inc., Class B		8,039		218,420
First American Financial Corp.		6,216		242,859
Greenhill & Co. Inc.		5,522		163,175

Security Description	Shares		Value
Financials (continued)
The Hartford Financial Services Group, Inc.		7,387	$	361,150
JPMorgan Chase & Co.		4,116		372,992
Old Republic International Corp.		8,615		178,417
PacWest Bancorp		2,438		134,334
People's United Financial, Inc.		7,083		135,994
T Rowe Price Group, Inc.		4,486		319,448
Umpqua Holdings Corp.		14,162		266,387
Waddell & Reed Financial, Inc., Class A		15,591		299,971
WisdomTree Investments, Inc.		16,261		148,138
XL Group Ltd.		4,715		190,910
Total Financials				3,557,393
Health Care (11.30%)
AbbVie, Inc.		2,106		130,235
Aetna, Inc.		1,763		227,004
AmerisourceBergen Corp.		2,414		220,905
Anthem, Inc.		306		50,435
Cardinal Health, Inc.		3,114		253,386
Cigna Corp.		1,739		258,937
Gilead Sciences, Inc.		3,509		247,314
HealthSouth Corp.		4,556		192,810
Johnson & Johnson		948		115,855
Merck & Co., Inc		5,243		345,356
PDL BioPharma, Inc.		77,089		164,970
Pfizer, Inc.		14,232		485,597
Total Health Care				2,692,804
Industrials (9.43%)
Boeing Co.		1,641		295,757
CH Robinson Worldwide, Inc.		2,803		225,277
Cummins, Inc.		1,058		157,102
Eaton Corp. PLC		4,553		327,725
Emerson Electric Co.		3,256		195,686
Expeditors International of Washington, Inc.		1,899		107,066
Honeywell International, Inc.		2,061		256,595
Nielsen Holdings PLC		3,584		158,986
United Parcel Service, Inc., Class B		1,835		194,070
Waste Management, Inc.		4,496		329,646
Total Industrials				2,247,910
Information Technology (21.85%)
Alphabet, Inc., Class A(a)		334		282,207
Alphabet, Inc., Class C(a)		352		289,770
Apple, Inc.		5,117		700,977
Applied Materials, Inc.		8,503		307,979
Cognizant Technology Solutions Corp., Class A(a)		5,584		330,964
Facebook, Inc., Class A(a)		2,838		384,663
Intel Corp.		15,729		569,389
InterDigital, Inc.		2,407		202,308
International Business Machines Corp.		2,715		488,211
Leidos Holdings, Inc.		5,704		304,023

Security Description	Shares		Value
Information Technology (continued)
ManTech International Corp., Class A		2,850	$	104,367
Microchip Technology, Inc.		2,770		200,880
NVIDIA Corp.		1,874		190,174
QUALCOMM, Inc.		4,872		275,171
Science Applications International Corp.		1,555		135,238
Texas Instruments, Inc.		2,513		192,546
VeriSign, Inc.(a)		3,036		250,379
Total Information Technology				5,209,246
Materials (4.95%)
Compass Minerals International, Inc.		1,749		132,574
International Paper Co.		4,144		218,389
LyondellBasell Industries NV, Class A		3,085		281,474
Nucor Corp.		4,008		250,781
The Valspar Corp.		780		86,752
WestRock Co.		3,922		210,690
Total Materials				1,180,660
Real Estate (3.86%)
Care Capital Properties, Inc.		3,902		102,584
Core Civic, Inc.		5,124		172,679
Host Hotels & Resorts, Inc.		16,109		289,801
LaSalle Hotel Properties		6,113		176,666
The Macerich Co.		1,506		101,474
Washington Prime Group, Inc.		8,383		77,710
Total Real Estate				920,914
Telecommunication Services (4.75%)
AT&T, Inc.		8,676		362,570
CenturyLink, Inc.		10,210		247,695
Verizon Communications, Inc.		5,499		272,915
Windstream Holdings, Inc.		33,241		248,310
Total Telecommunication Services				1,131,490
Utilities (3.44%)
American Electric Power Co. Inc.		1,477		98,915
Consolidated Edison, Inc.		3,689		284,201
Entergy Corp.		1,470		112,690
FirstEnergy Corp.		3,282		106,435
The Southern Co.		4,284		217,713
Total Utilities				819,954
TOTAL COMMON STOCKS
(Cost $22,482,184)				23,785,805

Security Description	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.41%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		97,394		97,394
TOTAL SHORT TERM INVESTMENTS
(Cost $97,394)							97,394

	Value
TOTAL INVESTMENTS (100.18%)
(Cost $22,579,578)	$	23,883,199
NET LIABILITIES LESS OTHER ASSETS (-0.18%)		(43,645	)
NET ASSETS (100.00%)	$	23,839,554

^(a) Non income producing security.

 See Notes to Quarterly Schedule of Investments.

RIVERFRONT DYNAMIC US FLEX-CAP ETF	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.84%)
Consumer Discretionary (13.80%)
Amazon.com, Inc.(a)		475	$	401,393
American Axle & Manufacturing Holdings, Inc.(a)		1,440		28,541
Boyd Gaming Corp.(a)		2,140		42,094
Brinker International, Inc.		374		15,798
Brunswick Corp.		996		59,650
Carnival Corp.		4,575		255,971
Cooper-Standard Holdings, Inc.(a)		282		31,584
Darden Restaurants, Inc.		3,016		225,235
Delphi Automotive PLC		1,527		116,251
Dollar General Corp.		1,468		107,193
International Game Technology PLC		3,006		81,162
Kate Spade & Co.(a)		4,262		101,691
Mattel, Inc.		5,975		153,737
McDonald's Corp.		1,624		207,304
Nordstrom, Inc.		879		41,014
Omnicom Group, Inc.		726		61,783
The Priceline Group, Inc.(a)		42		72,413
Rent-A-Center, Inc.		4,267		36,995
Royal Caribbean Cruises Ltd.		2,658		255,434
Starbucks Corp.		1,136		64,604
Ulta Beauty, Inc.(a)		616		168,433
Under Armour, Inc.(a)		2,978		55,272
Williams-Sonoma, Inc.		893		43,391
Yum! Brands, Inc.		2,326		151,934
Total Consumer Discretionary				2,778,877
Consumer Staples (7.06%)
Altria Group, Inc.		1,543		115,602
The Boston Beer Co., Inc., Class A(a)		492		78,056
Cal-Maine Foods, Inc.		852		32,333
Campbell Soup Co.		1,746		103,625
CVS Health Corp.		1,116		89,927
Flowers Foods, Inc.		4,759		91,658
The Hain Celestial Group, Inc.(a)		1,368		48,400
Kimberly-Clark Corp.		379		50,236
The Kroger Co.		2,686		85,415
Procter & Gamble Co.		1,592		144,984
Sysco Corp.		1,988		104,807
Unilever NV, NY Shares		2,213		104,741
United Natural Foods, Inc.(a)		1,974		84,981
Walgreens Boots Alliance, Inc.		898		77,569
Wal-Mart Stores, Inc.		2,937		208,322
Total Consumer Staples				1,420,656
Energy (3.96%)
Atwood Oceanics, Inc.(a)		2,817		29,607
Bill Barrett Corp.(a)		5,372		29,600
Chevron Corp.		728		81,900

Security Description	Shares		Value
Energy (continued)
Ensco PLC, Class A		6,392	$	62,258
Kinder Morgan, Inc.		8,220		175,169
Noble Corp., PLC		5,409		36,132
Rowan Cos PLC, Class A(a)		4,027		72,969
TechnipFMC PLC(a)		3,192		103,165
Transocean Ltd.(a)		5,003		69,141
Unit Corp.(a)		1,347		36,558
The Williams Cos, Inc.		3,565		101,032
Total Energy				797,531
Financials (15.20%)
American Express Co.		3,333		266,840
Arthur J Gallagher & Co.		1,452		82,691
Banc of California, Inc.		2,850		55,433
Bank of the Ozarks, Inc.		514		28,131
Berkshire Hathaway, Inc., Class B(a)		1,789		306,671
Brookline Bancorp, Inc.		3,355		53,177
Brown & Brown, Inc.		814		35,083
Capstead Mortgage Corp.		3,611		38,204
Citigroup, Inc.		2,978		178,114
E*Trade Financial Corp.(a)		1,011		34,890
Fifth Third Bancorp		8,208		225,228
First American Financial Corp.		4,480		175,034
First Horizon National Corp.		1,005		20,040
The Hartford Financial Services Group, Inc.		4,741		231,787
Investment Technology Group, Inc.		1,157		23,163
Northern Trust Corp.		2,394		209,116
Old Republic International Corp.		2,249		46,577
PrivateBancorp, Inc.		909		51,449
Signature Bank(a)		1,045		164,598
T Rowe Price Group, Inc.		2,305		164,139
Umpqua Holdings Corp.		8,309		156,292
Wells Fargo & Co.		1,886		109,162
WisdomTree Investments, Inc.		16,685		152,000
XL Group Ltd.		6,221		251,888
Total Financials				3,059,707
Health Care (13.05%)
Aetna, Inc.		1,705		219,536
Allergan PLC		682		166,967
AmerisourceBergen Corp.		1,634		149,527
Cambrex Corp.(a)		1,094		61,647
Cigna Corp.		1,848		275,166
Community Health Systems, Inc.(a)		10,969		106,948
Danaher Corp.		1,485		127,042
DaVita, Inc.(a)		2,331		161,795
Diplomat Pharmacy, Inc.(a)		3,120		42,276
Express Scripts Holding Co.(a)		1,459		103,078
Gilead Sciences, Inc.		2,990		210,735
HCA Holdings, Inc.(a)		1,330		116,029
Hologic, Inc.(a)		968		39,281
Incyte Corp.(a)		339		45,121
Johnson & Johnson		731		89,336
Lannett Co., Inc(a)		1,577		34,694
Mallinckrodt PLC(a)		1,876		98,340

Security Description	Shares		Value
Health Care (continued)
McKesson Corp.		781	$	117,252
Merck & Co., Inc		2,155		141,950
MiMedx Group, Inc.(a)		4,812		41,239
Teleflex, Inc.		275		52,575
United Therapeutics Corp.(a)		268		39,589
UnitedHealth Group, Inc.		968		160,088
Universal Health Services, Inc., Class B		212		26,627
Total Health Care				2,626,838
Industrials (12.84%)
Allegiant Travel Co.		154		26,811
AO Smith Corp.		612		30,820
Boeing Co.		653		117,690
CH Robinson Worldwide, Inc.		2,784		223,750
CLARCOR, Inc.		–		–
Curtiss-Wright Corp.		1,245		121,798
Expeditors International of Washington, Inc.		3,242		182,784
GATX Corp.		516		29,969
General Electric Co.		3,850		114,769
The Greenbrier Cos, Inc.		1,123		47,222
Hub Group, Inc., Class A(a)		612		30,906
Illinois Tool Works, Inc.		937		123,693
Insperity, Inc.		318		26,474
JetBlue Airways Corp.(a)		2,629		52,475
L3 Technologies, Inc.		807		135,834
Lockheed Martin Corp.		291		77,575
The Manitowoc Co., Inc.(a)		6,682		40,627
ManpowerGroup, Inc.		535		51,916
MSC Industrial Direct Co. Inc, Class A		516		51,904
Powell Industries, Inc.		977		31,889
Raytheon Co.		506		78,000
Regal Beloit Corp.		408		30,376
Simpson Manufacturing Co. Inc		940		40,570
Stericycle, Inc.(a)		339		28,096
The Timken Co.		669		29,570
Trinity Industries, Inc.		824		22,116
United Rentals, Inc.(a)		4,857		621,843
Wabash National Corp.		1,299		27,474
Waste Management, Inc.		2,578		189,019
Total Industrials				2,585,970
Information Technology (23.31%)
3D Systems Corp.(a)		4,433		67,382
Advanced Micro Devices, Inc.(a)		10,450		151,107
Alphabet, Inc., Class A(a)		563		475,696
Alphabet, Inc., Class C(a)		563		463,467
Apple, Inc.		2,599		356,037
Applied Materials, Inc.		5,510		199,572
Benchmark Electronics, Inc.(a)		1,781		55,389
Bottomline Technologies de, Inc.(a)		1,023		25,524
CalAmp Corp.(a)		2,473		40,087
Cirrus Logic, Inc.(a)		1,328		71,818
Cognizant Technology Solutions Corp., Class A(a)		4,068		241,110

Security Description	Shares		Value
Information Technology (continued)
Cree, Inc.(a)		1,689	$	45,839
Facebook, Inc., Class A(a)		3,303		447,689
FARO Technologies, Inc.(a)		602		20,769
Hewlett Packard Enterprise Co.		6,873		156,842
Integrated Device Technology, Inc.(a)		3,023		72,280
Intel Corp.		11,026		399,141
International Business Machines Corp.		2,026		364,315
Ixia(a)		3,513		68,855
Mentor Graphics Corp.		864		32,054
Microchip Technology, Inc.		1,749		126,837
Microsoft Corp.		3,249		207,871
MicroStrategy, Inc., Class A(a)		170		32,620
NVIDIA Corp.		1,356		137,607
QUALCOMM, Inc.		1,389		78,451
SYNNEX Corp.		703		82,195
VeriSign, Inc.(a)		2,368		195,289
WEX, Inc.(a)		325		36,150
Xperi Corp.		1,161		41,622
Total Information Technology				4,693,615
Materials (4.93%)
AK Steel Holding Corp.(a)		23,175		193,048
Cabot Corp.		1,355		78,563
Martin Marietta Materials, Inc.		360		77,742
Monsanto Co.		696		79,226
Newmont Mining Corp.		1,381		47,285
Nucor Corp.		3,529		220,810
Owens-Illinois, Inc.(a)		5,656		111,989
Rayonier Advanced Materials, Inc.		1,763		23,377
Stepan Co.		261		19,734
TimkenSteel Corp.(a)		2,661		55,668
Vulcan Materials Co.		702		84,668
Total Materials				992,110
Real Estate (1.40%)
DiamondRock Hospitality Co.		4,222		45,893
Forestar Group, Inc.(a)		1,863		24,778
The GEO Group, Inc.		883		42,040
Jones Lang LaSalle, Inc.		352		40,374
The RMR Group, Inc., Class A		940		49,255
Summit Hotel Properties, Inc.		3,086		47,494
Washington Prime Group, Inc.		3,473		32,195
Total Real Estate				282,029
Telecommunication Services (2.57%)
AT&T, Inc.		5,916		247,230
Iridium Communications, Inc.(a)		3,061		26,631
Telephone & Data Systems, Inc.		1,781		48,140
Verizon Communications, Inc.		3,930		195,046
Total Telecommunication Services				517,047
Utilities (1.72%)
Avangrid, Inc.		653		28,549
Consolidated Edison, Inc.		924		71,185
Dominion Resources, Inc.		463		35,947

Security Description	Shares		Value
Utilities (continued)
Duke Energy Corp.		655	$	54,070
Great Plains Energy, Inc.		1,234		35,860
PG&E Corp.		1,119		74,694
The Southern Co.		911		46,297
Total Utilities				346,602
TOTAL COMMON STOCKS
(Cost $19,185,601)				20,100,982

Security Description	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.02%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		3,914		3,914
TOTAL SHORT TERM INVESTMENTS
(Cost $3,914)							3,914
TOTAL INVESTMENTS (99.86%)
(Cost $19,189,515)						$	20,104,896
NET OTHER ASSETS AND LIABILITIES (0.14%)							28,531
NET ASSETS (100.00%)						$	20,133,427

^(a) Non income producing security.

See Notes to Quarterly Schedule of Investments.

RIVERFRONT STRATEGIC INCOME FUND	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Principal Amount		Value
CORPORATE BONDS (93.44%)
Consumer Discretionary (24.52%)
Aramark Services, Inc., Sr. Unsec.
5.13%, 01/15/2024	$	600,000	$	630,060
Avis Budget Car Rental LLC / Avis Budget Finance, Inc., Sr. Unsec.
5.13%, 06/01/2022(a)		5,671,000		5,585,935
Cablevision Systems Corp., Sr. Unsec.
8.63%, 09/15/2017		4,586,000		4,735,045
CCO Holdings LLC / CCO Holdings Capital Corp., Sr. Unsec.
5.13%, 05/01/2027(a)		500,000		520,000
DISH DBS Corp., Sr. Unsec.
7.88%, 09/01/2019		7,000,000		7,822,500
Dollar Tree, Inc., Sr. Unsec.
5.75%, 03/01/2023		8,450,000		9,009,812
DR Horton, Inc., Sr. Unsec.
4.38%, 09/15/2022		7,140,000		7,521,062
Goodyear Tire & Rubber Co., Sr. Unsec.
5.13%, 11/15/2023		8,400,000		8,767,499
Hanesbrands, Inc., Sr. Unsec.
4.63%, 05/15/2024(a)		2,500,000		2,490,625
International Game Technology PLC, First Lien
6.25%, 02/15/2022(a)		3,000,000		3,255,000
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, Sr. Unsec.
5.00%, 06/01/2024(a)		4,087,000		4,205,932
L Brands, Inc., Sr. Unsec.
6.63%, 04/01/2021		2,000,000		2,210,000
Lamar Media Corp., Sr. Sub.
5.00%, 05/01/2023		4,500,000		4,668,750
Lear Corp., Sr. Unsec.
4.75%, 01/15/2023		6,909,000		7,193,651
MGM Resorts International, Sr. Unsec.
6.75%, 10/01/2020		7,140,000		7,887,558
Service Corp. International, Sr. Unsec.
5.38%, 01/15/2022		3,000,000		3,120,000
5.38%, 05/15/2024		1,675,000		1,780,776
Total Consumer Discretionary				81,404,205
Consumer Staples (4.97%)
Pinnacle Foods Finance LLC, Sr. Unsec.
4.88%, 05/01/2021		1,900,000		1,957,000
5.88%, 01/15/2024		7,039,000		7,478,937

Security Description	Principal Amount		Value
Consumer Staples (continued)
Spectrum Brands, Inc., Sr. Unsec.
6.63%, 11/15/2022	$	645,000	$	685,313
5.75%, 07/15/2025		1,000,000		1,067,500
TreeHouse Foods, Inc., Sr. Unsec.
6.00%, 02/15/2024(a)		5,000,000		5,287,500
Total Consumer Staples				16,476,250
Energy (10.13%)
Concho Resources, Inc., Sr. Unsec.
5.50%, 04/01/2023		346,000		359,840
Kinder Morgan Energy Partners LP, Sr. Unsec.
5.00%, 10/01/2021		6,500,000		7,016,757
MPLX LP, Sr. Unsec.
5.50%, 02/15/2023		2,000,000		2,086,148
Newfield Exploration Co., Sr. Unsec.
5.75%, 01/30/2022		7,000,000		7,507,500
Southwestern Energy Co., Sr. Unsec.
7.50%, 02/01/2018		596,000		619,757
5.80%, 01/23/2020(b)		5,000,000		4,962,500
Tesoro Corp., Sr. Unsec.
5.38%, 10/01/2022		8,044,000		8,395,924
Tesoro Logistics LP / Tesoro Logistics Finance Corp., Sr. Unsec.
5.88%, 10/01/2020		1,585,000		1,635,720
6.13%, 10/15/2021		1,000,000		1,046,250
Total Energy				33,630,396
Financials (6.30%)
AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsec.
4.63%, 10/30/2020		3,881,000		4,150,264
Ally Financial, Inc., Sr. Unsec.
4.75%, 09/10/2018		3,200,000		3,316,000
CIT Group, Inc., Sr. Unsec.
5.50%, 02/15/2019(a)		7,000,000		7,393,750
Navient Corp., Sr. Unsec.
8.45%, 06/15/2018		900,000		964,125
5.50%, 01/15/2019		4,900,000		5,071,500
Total Financials				20,895,639
Health Care (5.92%)
DaVita HealthCare Partners, Inc., Sr. Unsec.
5.75%, 08/15/2022		6,000,000		6,277,500
HCA, Inc., First Lien
5.88%, 03/15/2022		2,500,000		2,765,625
Hologic, Inc., Sr. Unsec.
5.25%, 07/15/2022(a)		5,000,000		5,231,250
Tenet Healthcare Corp., First Lien
4.46%, 06/15/2020(c)		5,265,000		5,357,138
Total Health Care				19,631,513

Security Description	Principal Amount		Value
Industrials (11.53%)
ADT Corp., First Lien
6.25%, 10/15/2021	$	9,500,000	$	10,414,375
Aircastle Ltd., Sr. Unsec.
6.25%, 12/01/2019		500,000		546,250
Owens-Brockway Glass Container, Inc., Sr. Unsec.
5.00%, 01/15/2022(a)		6,145,000		6,413,844
Park Aerospace Holdings Ltd., Sr. Unsec.
5.25%, 08/15/2022(a)		5,800,000		6,053,750
United Rentals North America, Inc., Sr. Unsec.
7.63%, 04/15/2022		1,434,000		1,499,885
5.75%, 11/15/2024		3,000,000		3,197,250
WESCO Distribution, Inc., Sr. Unsec.
5.38%, 12/15/2021		9,750,000		10,140,000
Total Industrials				38,265,354
Information Technology (2.43%)
Flextronics International Ltd., Sr. Unsec.
5.00%, 02/15/2023		2,682,000		2,865,862
SS&C Technologies Holdings, Inc., Sr. Unsec.
5.88%, 07/15/2023		4,900,000		5,206,250
Total Information Technology				8,072,112
Materials (15.74%)
AK Steel Corp., First Lien
7.50%, 07/15/2023		1,000,000		1,095,000
Ball Corp., Sr. Unsec.
5.00%, 03/15/2022		8,106,000		8,612,625
Cascades, Inc., Sr. Unsec.
5.50%, 07/15/2022(a)		4,889,000		4,986,780
Celanese US Holdings LLC, Sr. Unsec.
5.88%, 06/15/2021		7,220,000		8,022,915
Graphic Packaging International, Inc., Sr. Unsec.
4.75%, 04/15/2021		645,000		682,088
4.88%, 11/15/2022		4,615,000		4,822,675
Huntsman Intl LLC, Sr. Unsec.
4.88%, 11/15/2020		8,588,000		8,931,519
Silgan Holdings, Inc., Sr. Unsec.
5.00%, 04/01/2020		7,736,000		7,881,050
Teck Resources Ltd., Sr. Unsec.
8.00%, 06/01/2021(a)		2,545,000		2,840,856
Vale Overseas Ltd., Sr. Unsec.
5.88%, 06/10/2021		4,000,000		4,343,800
Total Materials				52,219,308
Telecommunication Services (8.61%)
CenturyLink, Inc., Sr. Unsec., Series V
5.63%, 04/01/2020		8,525,000		9,041,871

Security Description	Principal Amount		Value
Telecommunication Services (continued)
Frontier Communications Corp., Sr. Unsec.
8.13%, 10/01/2018	$	8,199,000	$	8,803,676
Sprint Communications, Inc., Sr. Unsec.
9.00%, 11/15/2018(a)		675,000		739,969
T-Mobile USA, Inc., Sr. Unsec.
6.13%, 01/15/2022		4,000,000		4,240,000
6.73%, 04/28/2022		5,500,000		5,733,750
Total Telecommunication Services				28,559,266
Utilities (3.29%)
AES Corp., Sr. Unsec.
8.00%, 06/01/2020		4,135,000		4,786,263
Dynegy, Inc., Sr. Unsec.
6.75%, 11/01/2019		5,910,000		6,116,850
Total Utilities				10,903,113
TOTAL CORPORATE BONDS
(Cost $300,163,360)				310,057,156

Security Description	7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (5.17%)
State Street Institutional Treasury Plus Money Market Fund		0.414	%		17,161,581	$	17,161,581
TOTAL SHORT TERM INVESTMENTS
(Cost $17,161,581)							17,161,581
TOTAL INVESTMENTS (98.61%)
(Cost $317,324,941)						$	327,218,737
NET OTHER ASSETS AND LIABILITIES (1.39%)							4,608,214
NET ASSETS (100.00%)						$	331,826,951

^(a) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $55,005,191, representing 16.58% of net assets.

^(b) Represents a step bond. Rate disclosed is as of February 28, 2017.

^(c) Interest rate will change at a future date. Interest rate shown reflects the rate in effect at February 28, 2017.

See Notes to Quarterly Schedule of Investments.

SPROTT BUZZ SOCIAL MEDIA INSIGHTS ETF*	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (97.68%)
Consumer Discretionary (16.52%)
Amazon.com, Inc.(b)		197	$	166,473
Ford Motor Co.		3,212		40,246
General Motors Co.		803		29,583
The Home Depot, Inc.		134		19,418
Macy's, Inc.		1,090		36,210
McDonald's Corp.		155		19,786
NIKE, Inc., Class B		1,014		57,960
The Priceline Group, Inc.(b)		26		44,827
Target Corp.		663		38,964
Tesla, Inc.(b)		617		154,244
Under Armour, Inc., Class C(b)		5,052		93,765
The Walt Disney Co.		1,498		164,915
Wynn Resorts Ltd.		451		43,364
Total Consumer Discretionary				909,755
Consumer Staples (3.08%)
Altria Group, Inc.		494		37,010
The Coca-Cola Co.		833		34,953
CVS Health Corp.		649		52,296
The Procter & Gamble Co.		239		21,766
Wal-Mart Stores, Inc.		330		23,407
Total Consumer Staples				169,432
Energy (4.17%)
Chesapeake Energy Corp.(b)		27,284		148,698
Exxon Mobil Corp.		526		42,774
Kinder Morgan, Inc.		1,791		38,166
Total Energy				229,638
Financials (4.41%)
Bank of America Corp.		6,749		166,565
Citigroup, Inc.		704		42,106
JPMorgan Chase & Co.		378		34,255
Total Financials				242,926
Health Care (22.55%)
Abbott Laboratories		433		19,520
AbbVie, Inc.		1,784		110,323
Allergan Plc		389		95,235
Amgen, Inc.		330		58,255
Biogen, Inc.(b)		118		34,055
Bristol-Myers Squibb Co.		2,851		161,680
Celgene Corp.(b)		1,044		128,944
Gilead Sciences, Inc.		2,156		151,955
Ionis Pharmaceuticals, Inc.(b)		946		47,082
Johnson & Johnson		366		44,729
Mallinckrodt Plc(b)		424		22,226
Merck & Co., Inc.		463		30,498
OPKO Health, Inc.(b)		13,867		116,344
Pfizer, Inc.		1,536		52,408
Regeneron Pharmaceuticals, Inc.(b)		57		21,290

Security Description	Shares		Value
Health Care (continued)
Valeant Pharmaceuticals International, Inc.(b)		10,227	$	147,064
Total Health Care				1,241,608
Industrials (3.59%)
American Airlines Group, Inc.		494		22,902
The Boeing Co.		223		40,191
General Electric Co.		1,197		35,683
JetBlue Airways Corp.(b)		2,321		46,327
Lockheed Martin Corp.		117		31,190
United Parcel Service, Inc., Class B		201		21,258
Total Industrials				197,551
Information Technology (36.99%)
Activision Blizzard, Inc.		1,856		83,761
Advanced Micro Devices, Inc.(b)		12,790		184,943
Alphabet, Inc., Class A(b)		197		166,451
Apple, Inc.		1,226		167,950
Cisco Systems, Inc.		771		26,353
eBay, Inc.(b)		663		22,476
Facebook, Inc., Class A(b)		1,239		167,934
Intel Corp.		3,146		113,885
International Business Machines Corp.		159		28,591
Mastercard, Inc., Class A		751		82,955
Micron Technology, Inc.(b)		5,852		137,171
Microsoft Corp.		2,571		164,493
NVIDIA Corp.		1,547		156,990
Palo Alto Networks, Inc.(b)		165		25,063
PayPal Holdings, Inc.(b)		1,414		59,388
QUALCOMM, Inc.		1,677		94,717
salesforce.com, Inc.(b)		245		19,931
Seagate Technology PLC		745		35,902
Skyworks Solutions, Inc.		423		40,105
Square, Inc., Class A(b)		4,169		72,207
Twitter, Inc.(b)		10,146		160,002
Western Digital Corp.		336		25,832
Total Information Technology				2,037,100
Materials (5.34%)
Freeport-McMoRan, Inc.(b)		8,087		108,366
Newmont Mining Corp.		618		21,160
United States Steel Corp.		4,242		164,250
Total Materials				293,776
Telecommunication Services (1.03%)
AT&T, Inc.		630		26,328
Sprint Corp.(b)		3,461		30,491
Total Telecommunication Services				56,819
TOTAL COMMON STOCKS
(Cost $5,067,290)				5,378,605
LIMITED PARTNERSHIPS (2.19%)
Energy (1.30%)
Energy Transfer Equity LP		3,797		71,536
Total Energy				71,536

Security Description	Shares		Value
Financials (0.89%)
The Blackstone Group LP		1,658	$	48,977
Total Financials				48,977
TOTAL LIMITED PARTNERSHIPS
(Cost $110,580)				120,513

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.05%)
State Street Institutional Treasury Plus Money Market Fund	0.414	%		2,910		2,910
TOTAL SHORT TERM INVESTMENTS
(Cost $2,910)						2,910
TOTAL INVESTMENTS (99.92%)
(Cost $5,180,780)					$	5,502,028
NET OTHER ASSETS AND LIABILITIES (0.08%)						4,556
NET ASSETS (100.00%)					$	5,506,584

^* Effective March 31, 2017, the Sprott BUZZ Social Media Insights ETF changed its name to the BUZZ US Sentiment Leaders ETF.

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

SPROTT GOLD MINERS ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.94%)
Gold Mining (90.97%)
Agnico Eagle Mines Ltd.		506,251	$	21,470,105
Alamos Gold, Inc., Class A		1,018,253		7,361,969
AngloGold Ashanti Ltd., Sponsored ADR(a)		543,379		5,988,037
Asanko Gold, Inc.(a)(b)		1,653,538		4,398,411
B2Gold Corp.(a)		2,382,767		7,338,922
Barrick Gold Corp.		513,400		9,538,972
Gold Fields Ltd., Sponsored ADR		1,453,439		4,491,127
Goldcorp, Inc.		1,359,057		21,676,959
Harmony Gold Mining Co. Ltd., Sponsored ADR(b)		1,265,041		3,162,602
IAMGOLD Corp.(a)		1,324,139		5,217,108
Kinross Gold Corp.(a)		2,517,225		8,910,976
Newmont Mining Corp.		609,147		20,857,193
NOVAGOLD RESOURCES, Inc.(a)(b)		713,333		3,773,532
Pretium Resources, Inc.(a)(b)		377,390		3,815,413
Randgold Resources Ltd., ADR(b)		308,629		28,304,366
Royal Gold, Inc.		138,821		9,169,127
Sandstorm Gold Ltd.(a)(b)		1,087,551		4,556,839
Seabridge Gold, Inc.(a)(b)		310,162		3,163,652
Sibanye Gold Ltd., Sponsored ADR(b)		494,792		4,012,763
Yamana Gold, Inc.		1,583,533		4,402,222
Total Gold Mining				181,610,295
Silver Mining (8.97%)
Coeur Mining, Inc.(a)		340,504		2,924,929
Endeavour Silver Corp.(a)(b)		620,522		2,693,065
First Majestic Silver Corp.(a)(b)		406,344		3,689,604
Pan American Silver Corp.		285,968		5,133,126
Silver Standard Resources, Inc.(a)(b)		312,542		3,469,216
Total Silver Mining				17,909,940
TOTAL COMMON STOCKS
(Cost $199,921,987)				199,520,235

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (6.15%)
Money Market Fund (0.16%)
State Street Institutional Treasury Plus Money Market
(Cost $323,494)	0.414	%		323,494		323,494
Investments Purchased with Collateral from Securities Loaned (5.99%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.51%
(Cost $11,953,514)				11,953,514		11,953,514
TOTAL SHORT TERM INVESTMENTS
(Cost $12,277,008)						12,277,008

	Value
TOTAL INVESTMENTS (106.09%)
(Cost $212,198,995)	$	211,797,243
NET LIABILITIES LESS OTHER ASSETS (-6.09%)		(12,151,223	)
NET ASSETS (100.00%)	$	199,646,020

^(a) Non-income producing security.

^(b) Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $15,033,852.

See Notes to Quarterly Schedule of Investments.

SPROTT JUNIOR GOLD MINERS ETF	SCHEDULE OF INVESTMENTS
February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (100.02%)
Gold Mining (79.76%)
Alacer Gold Corp.(a)(b)		415,133	$	793,885
Alamos Gold, Inc., Class A		536,155		3,876,401
Argonaut Gold, Inc.(a)		218,428		342,065
Asanko Gold, Inc.(a)		404,211		1,080,371
Centerra Gold, Inc.		394,903		1,905,834
China Gold International Resources Corp., Ltd.(a)		795,931		1,617,989
Continental Gold, Inc.(a)		91,804		307,580
Eldorado Gold Corp.(a)		509,153		1,558,008
Endeavour Mining Corp.(a)(b)		194,448		3,629,247
Gold Standard Ventures Corp.(a)		165,956		433,145
Guyana Goldfields, Inc.(a)		373,583		1,904,199
Harmony Gold Mining Co. Ltd., Sponsored ADR		306,403		766,007
IAMGOLD Corp.(a)		901,517		3,551,977
Klondex Mines Ltd.(a)		359,075		1,905,947
Lundin Gold, Inc.(a)(b)		86,122		354,033
New Gold, Inc.(a)		732,861		2,117,968
NOVAGOLD RESOURCES, Inc.(a)		227,092		1,201,317
OceanaGold Corp.		1,243,748		3,530,289
Osisko Gold Royalties Ltd.		216,090		2,368,823
Premier Gold Mines Ltd.(a)(b)		157,251		306,641
Pretium Resources, Inc.(a)(b)		124,205		1,255,712
Richmont Mines, Inc.(a)(c)		92,690		722,985
Sandstorm Gold Ltd.(a)(b)		108,609		455,072
Seabridge Gold, Inc.(a)(b)		39,573		403,645
SEMAFO, Inc.(a)		467,282		1,431,891
Teranga Gold Corp.(a)(b)		953,505		624,566
TMAC Resources, Inc.(a)(c)		58,233		641,869
Torex Gold Resources, Inc.(a)		111,430		2,156,114
Total Gold Mining				41,243,580
Silver Mining (20.26%)
Coeur Mining, Inc.(a)		248,371		2,133,507
Endeavour Silver Corp.(a)		178,167		773,245
First Majestic Silver Corp.(a)(b)		224,271		2,036,381
Fortuna Silver Mines, Inc.(a)(b)		282,344		1,592,420
MAG Silver Corp.(a)		57,146		821,780
Silver Standard Resources, Inc.(a)		167,932		1,864,045
Silvercorp Metals, Inc.(b)		325,707		1,255,549
Total Silver Mining				10,476,927
TOTAL COMMON STOCKS
(Cost $47,940,819)				51,720,507

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (7.43%)
Money Market Fund (0.01%)
State Street Institutional Treasury Plus Money Market
(Cost $6,474)	0.414	%		6,474	$	6,474
Investments Purchased with Collateral from Securities Loaned (7.42%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.51%
(Cost $3,838,786)				3,838,786		3,838,786
TOTAL SHORT TERM INVESTMENTS
(Cost $3,845,260)						3,845,260
TOTAL INVESTMENTS (107.45%)
(Cost $51,786,079)					$	55,565,767
NET LIABILITIES LESS OTHER ASSETS (-7.45%)						(3,858,073	)
NET ASSETS (100.00%)					$	51,707,694

^(a) Non-income producing security.

^(b) Security, or a portion of the security position, is currently on loan. The total market value of securities on loan is $4,401,531.

^(c) Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration.  Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2017, the market value of those securities was $1,364,854, representing 2.64% of net assets.

See Notes to Quarterly Schedule of Investments.

U.S. EQUITY HIGH VOLATILITY PUT WRITE INDEX FUND	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Principal Amount		Value
SHORT TERM INVESTMENTS (101.28%)
U.S. Treasury Bill Discount Notes
0.005%, 03/02/2017(a)(b)	$	7,500,000	$	7,499,910
0.120%, 03/16/2017(b)		6,400,000		6,398,950
0.279%, 04/13/2017(b)		2,510,000		2,508,640
0.268%, 04/20/2017(b)		15,000,000		14,990,055
TOTAL SHORT TERM INVESTMENTS
(Cost $31,397,200)				31,397,555
TOTAL INVESTMENTS (101.28%)
(Cost $31,397,200)			$	31,397,555
NET LIABILITIES LESS OTHER ASSETS (-1.28%)(c)				(396,889	)
NET ASSETS (100.00%)			$	31,000,666

^(a) All or a portion of this security is being held as collateral for written options.

^(b) Rate shown represents the bond equivalent yield to maturity at date of purchase.

^(c) Includes cash, in the amount of $2,913, which is being held as collateral for written options.

SCHEDULE OF WRITTEN OPTIONS
	Expiration Date	Exercise Price		Contracts			Value
WRITTEN PUT OPTIONS
Activision Blizzard, Inc.	04/21/2017	$	39.00		(199	)	$	(2,686	)
Alcoa Corp.	04/21/2017		31.00		(251	)		(17,570	)
Alexion Pharmaceuticals, Inc.	04/21/2017		110.00		(70	)		(5,425	)
Burlington Stores, Inc.	04/21/2017		75.00		(103	)		(8,240	)
Cabot Oil & Gas Corp.	04/21/2017		20.00		(389	)		(19,450	)
CF Industries Holdings, Inc.	04/21/2017		30.00		(259	)		(30,821	)
Continental Resources, Inc.	04/21/2017		40.00		(194	)		(14,065	)
CSX Corp.	04/21/2017		41.00		(190	)		(7,885	)
DexCom, Inc.	04/21/2017		70.00		(111	)		(17,760	)
Diamondback Energy, Inc.	04/21/2017		90.00		(86	)		(11,825	)
Exelixis, Inc.	04/21/2017		20.00		(389	)		(58,350	)
Hanesbrands, Inc.	04/21/2017		18.00		(432	)		(14,040	)
Hilton Worldwide Holdings, Inc.	04/21/2017		50.00		(155	)		(3,100	)
Illumina, Inc.	04/21/2017		135.00		(57	)		(2,138	)
Incyte Corp.	04/21/2017		100.00		(77	)		(4,235	)
Kohl's Corp.	04/21/2017		35.00		(222	)		(7,770	)
Lululemon Athletica, Inc.	04/21/2017		57.50		(135	)		(11,475	)
Macy's, Inc.	04/21/2017		28.00		(278	)		(7,506	)
Mattel, Inc.	04/21/2017		22.00		(354	)		(6,195	)
Micron Technology, Inc.	04/21/2017		20.00		(389	)		(12,059	)
Newfield Exploration Co.	04/21/2017		36.00		(216	)		(35,100	)
Newmont Mining Corp.	04/21/2017		32.00		(243	)		(22,234	)
Nordstrom, Inc.	04/21/2017		40.00		(194	)		(9,312	)
NVIDIA Corp.	04/21/2017		95.00		(82	)		(21,566	)
Palo Alto Networks, Inc.	04/21/2017		130.00		(59	)		(9,588	)
Parsley Energy, Inc.	04/21/2017		27.50		(283	)		(16,273	)
QUALCOMM, Inc.	04/21/2017		50.00		(155	)		(5,580	)

	Expiration Date	Exercise Price		Contracts			Value
WRITTEN PUT OPTIONS (continued)
Range Resources Corp.	04/21/2017	$	26.00		(299	)	$	(29,900	)
Red Hat, Inc.	04/21/2017		70.00		(111	)		(4,995	)
RSP Permian, Inc.	04/21/2017		35.00		(222	)		(14,430	)
Seagate Technology PLC	04/21/2017		40.00		(194	)		(5,529	)
Seattle Genetics, Inc.	04/21/2017		55.00		(141	)		(14,100	)
Steel Dynamics, Inc.	04/21/2017		32.00		(243	)		(11,543	)
TESARO, Inc.	04/21/2017		160.00		(48	)		(32,160	)
The Mosaic Co.	04/21/2017		30.00		(259	)		(27,713	)
Tyson Foods, Inc.	04/21/2017		55.00		(141	)		(4,582	)
Under Armour, Inc.	04/21/2017		17.50		(445	)		(6,898	)
United States Steel Corp.	04/21/2017		35.00		(222	)		(38,517	)
Workday, Inc.	04/21/2017		75.00		(103	)		(11,072	)
Wynn Resorts Ltd.	04/21/2017		80.00		(97	)		(3,686	)
TOTAL WRITTEN PUT OPTIONS
(Premiums received $424,262)							$	(587,373	)

See Notes to Quarterly Schedule of Investments.

WORKPLACE EQUALITY PORTFOLIO	SCHEDULE OF INVESTMENTS
	February 28, 2017 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS (99.65%)
Consumer Discretionary (20.81%)
Abercrombie & Fitch Co., Class A		3,751	$	44,862
American Eagle Outfitters, Inc.		3,023		47,915
Aramark		1,383		49,428
Barnes & Noble, Inc.		3,944		38,651
Best Buy Co., Inc.		1,056		46,601
Caesars Entertainment Corp.(a)		6,599		62,361
CBS Corp., Class B		783		51,615
Choice Hotels International, Inc.		906		54,904
Coach, Inc.		1,409		53,669
Comcast Corp., Class A		1,434		53,660
Darden Restaurants, Inc.		662		49,438
Ford Motor Co.		3,986		49,945
GameStop Corp., Class A		1,979		48,367
Gap, Inc.		2,101		52,147
General Motors Co.		1,383		50,950
Groupon, Inc.(a)		13,970		59,093
Hilton Grand Vacations, Inc.(a)		183		5,479
Hilton Worldwide Holdings, Inc.(a)		612		35,006
The Home Depot, Inc.		369		53,472
Hyatt Hotels Corp., Class A(a)		853		43,793
InterContinental Hotels Group PLC, ADR		1,142		53,720
Interpublic Group of Cos., Inc.		2,075		50,008
L Brands, Inc.		712		37,465
Macy's, Inc.		1,329		44,149
Marriott International, Inc., Class A		579		50,367
Mattel, Inc.		1,725		44,384
McDonald's Corp.		409		52,209
MGM Resorts International(a)		1,731		45,508
Netflix, Inc.(a)		401		56,994
Newell Rubbermaid, Inc.		1,074		52,658
NIKE, Inc., Class B		977		55,845
Nordstrom, Inc.		987		46,053
Office Depot, Inc.		10,448		43,568
Pearson PLC, Sponsored ADR		4,875		40,609
Royal Caribbean Cruises Ltd.		596		57,276
Sears Holdings Corp.(a)		4,864		38,134
Sirius XM Holdings, Inc.		11,170		56,855
Sony Corp., Sponsored ADR		1,737		53,778
Staples, Inc.		5,081		45,678
Starbucks Corp.		869		49,420
Target Corp.		651		38,259
TEGNA, Inc.		2,258		57,873
Tesla Motors, Inc.(a)		243		60,748
Tiffany & Co.		618		56,776
Time Warner, Inc.		526		51,658
Time, Inc.		2,799		49,122
TJX Cos., Inc.		647		50,757
Toyota Motor Corp., Sponsored ADR		411		46,505
Viacom, Inc., Class B		1,436		62,394
Visteon Corp.		608		56,343
Walt Disney Co.		480		52,843
Whirlpool Corp.		288		51,434

Security Description	Shares		Value
Consumer Discretionary (continued)
Wyndham Worldwide Corp.		638	$	53,107
Wynn Resorts Ltd.		551		52,979
Total Consumer Discretionary				2,666,832
Consumer Staples (8.95%)
Altria Group, Inc.		756		56,639
Avon Products, Inc.(a)		9,219		40,564
Brown-Forman Corp., Class B		1,111		54,172
Campbell Soup Co.		843		50,032
Clorox Co.		423		57,871
Coca-Cola Co.		1,207		50,646
Colgate-Palmolive Co.		757		55,246
CVS Health Corp.		625		50,362
Diageo PLC, Sponsored ADR		486		55,555
The Estee Lauder Cos., Inc., Class A		646		53,521
General Mills, Inc.		773		46,666
Hershey Co.		498		53,958
Hormel Foods Corp.		1,455		51,289
Kellogg Co.		683		50,590
Kimberly-Clark Corp.		434		57,527
The Kraft Heinz Co.		572		52,344
The Kroger Co.		1,394		44,329
Mondelez International, Inc.,     Class A		1,121		49,234
Pepsi Co., Inc.		476		52,541
Procter & Gamble Co.		592		53,913
Unilever NV, NY Shares		1,261		59,683
Walgreens Boots Alliance, Inc.		585		50,532
Total Consumer Staples				1,147,214
Energy (0.75%)
Chevron Corp.		428		48,150
Royal Dutch Shell PLC, Class A - Sponsored ADR		934		48,465
Total Energy				96,615
Financials (21.01%)
American Express Co.		669		53,560
American International Group, Inc.		757		48,387
Ameriprise Financial, Inc.		448		58,912
Aon PLC		446		51,580
Aviva PLC, Sponsored ADR		4,190		51,495
Bank of America Corp.		2,165		53,432
Bank of Montreal		692		52,336
Bank of New York Mellon Corp.		1,037		48,884
Barclays PLC, Sponsored ADR		4,415		49,404
BlackRock, Inc.		127		49,207
Capital One Financial Corp.		555		52,092
Charles Schwab Corp.		1,272		51,402
Chubb Corp.		378		52,228
Citigroup, Inc.		832		49,762
CNA Financial Corp.		1,231		52,785
Comerica, Inc.		731		52,106
Credit Suisse Group AG, Sponsored ADR		3,265		49,269
Deutsche Bank AG(a)		2,648		52,139
Discover Financial Services		692		49,229
FactSet Research Systems, Inc.		303		53,904
Fifth Third Bancorp		1,843		50,572
Franklin Resources, Inc.		1,271		54,704

Security Description	Shares		Value
Financials (continued)
Genworth Financial, Inc., Class A(a)		12,633	$	51,669
Goldman Sachs Group, Inc.		206		51,100
Hartford Financial Services Group, Inc.		1,045		51,090
HSBC Holdings PLC, Sponsored ADR		1,211		48,803
Huntington Bancshares, Inc.		3,819		54,001
JPMorgan Chase & Co.		583		52,831
KeyCorp		2,730		51,242
M&T Bank Corp.		325		54,265
Marsh & McLennan Cos., Inc.		731		53,714
MetLife, Inc.		915		47,983
Moody's Corp.		518		57,690
Morgan Stanley		1,166		53,251
Northern Trust Corp.		556		48,567
PNC Financial Services Group, Inc.		433		55,091
Principal Financial Group, Inc.		858		53,659
Progressive Corp.		1,414		55,400
Prudential Financial, Inc.		468		51,733
Royal Bank of Canada		731		53,122
S&P Global, Inc.		438		56,708
State Street Corp.		636		50,696
Sun Life Financial, Inc.		1,284		46,738
SunTrust Banks, Inc.		898		53,422
T Rowe Price Group, Inc.		659		46,927
Thomson Reuters Corp.		1,125		47,587
Toronto-Dominion Bank		1,006		51,910
The Travelers Cos., Inc.		416		50,852
UBS Group AG		3,094		47,555
US Bancorp		964		53,020
Voya Financial, Inc.		1,244		51,290
Wells Fargo & Co.		908		52,555
Total Financials				2,691,860
Health Care (10.88%)
AbbVie, Inc.		808		49,967
Aetna, Inc.		399		51,375
Anthem, Inc.		344		56,698
AstraZeneca PLC, Sponsored ADR		1,810		52,960
athenahealth, Inc.(a)		432		50,946
Baxter International, Inc.		1,112		56,623
Biogen, Inc.(a)		174		50,216
Bioverativ, Inc.(a)		87		4,531
Boston Scientific Corp.(a)		2,359		57,913
Bristol-Myers Squibb Co.		855		48,487
Cardinal Health, Inc.		682		55,494
Cigna Corp.		364		54,200
Danaher Corp.		629		53,811
Eli Lilly & Co.		681		56,394
Express Scripts Holding Co.(a)		724		51,151
GlaxoSmithKline PLC, Sponsored ADR		1,295		53,717
Henry Schein, Inc.(a)		325		55,757
Humana, Inc.		245		51,756
Johnson & Johnson		432		52,795
McKesson Corp.		352		52,846
Medtronic PLC		682		55,181
Merck & Co., Inc.		804		52,959
Novartis AG, Sponsored ADR		705		55,110
Pfizer, Inc.		1,531		52,238
Sanofi, Sponsored ADR		1,290		55,638

Security Description	Shares		Value
Health Care (continued)
Thermo Fisher Scientific, Inc.		349	$	55,030
UnitedHealth Group, Inc.		301		49,779
Total Health Care				1,393,572
Industrials (11.52%)
3M Co.		284		52,923
Alaska Air Group, Inc.		556		54,388
American Airlines Group, Inc.		1,038		48,122
Arconic, Inc.		2,439		70,219
Boeing Co.		326		58,755
CEB, Inc.		835		64,754
Cummins, Inc.		371		55,090
Eaton Corp. PLC		738		53,121
Fortive Corp.		915		52,750
General Electric Co.		1,604		47,815
Herman Miller, Inc.		1,418		42,256
Huron Consulting Group, Inc.(a)		956		41,538
IHS Markit Ltd.(a)		1,445		57,511
JetBlue Airways Corp.(a)		2,230		44,511
Lockheed Martin Corp.		200		53,316
ManpowerGroup, Inc.		553		53,663
Navigant Consulting, Inc.(a)		1,864		43,431
Nielsen Holdings PLC		1,149		50,970
Northrop Grumman Corp.		216		53,371
Owens Corning		954		55,799
Raytheon Co.		351		54,107
Rockwell Automation, Inc.		368		55,605
Rockwell Collins, Inc.		537		51,332
Southwest Airlines Co.		991		57,280
Steelcase, Inc., Class A		3,045		48,720
United Continental Holdings, Inc.(a)		670		49,640
United Technologies Corp.		463		52,111
WW Grainger, Inc.		213		52,816
Total Industrials				1,475,914
Information Technology (15.69%)
Accenture PLC, Class A		402		49,245
Adobe Systems, Inc.(a)		477		56,448
Alphabet, Inc., Class C(a)		62		51,039
Apple, Inc.		433		59,317
Automatic Data Processing, Inc.		497		51,002
Booz Allen Hamilton Holding Corp.		1,383		49,470
Broadridge Financial Solutions, Inc.		767		53,176
CA, Inc.		1,551		50,051
Cisco Systems, Inc.		1,637		55,953
Conduent, Inc.(a)		1,070		17,216
Convergys Corp.		2,024		44,285
Corning, Inc.		2,069		57,125
eBay, Inc.(a)		1,687		57,189
Electronic Arts, Inc.(a)		625		54,063
Facebook, Inc., Class A(a)		415		56,249
Harris Corp.		477		52,422
Hewlett Packard Enterprise Co.		2,113		48,219
HP, Inc.		3,303		57,373
Intel Corp.		1,363		49,341
International Business Machines Corp.		298		53,586
Intuit, Inc.		425		53,312
MasterCard, Inc., Class A		480		53,021
Microsoft Corp.		801		51,248

Security Description	Shares		Value
Information Technology (continued)
NCR Corp.(a)		1,219	$	58,597
NetApp, Inc.		1,355		56,680
Nokia OYJ, Sponsored ADR		10,196		52,407
NVIDIA Corp.		493		50,030
Oracle Corp.		1,277		54,387
PayPal Holdings, Inc.(a)		1,268		53,256
QUALCOMM, Inc.		747		42,191
Salesforce.com, Inc.(a)		714		58,084
Symantec Corp.		2,062		58,911
Tech Data Corp.(a)		564		49,068
Texas Instruments, Inc.		682		52,255
Twitter, Inc.(a)		2,669		42,090
Visa, Inc., Class A		630		55,402
Xerox Corp.		5,354		39,834
Yahoo!, Inc.(a)		1,305		59,586
Yelp, Inc.(a)		1,385		46,675
Total Information Technology				2,009,803
Materials (3.39%)
Alcoa, Inc.		1,683		58,215
Ball Corp.		657		48,309
The Chemours Company		2,058		69,272
Dow Chemical Co.		859		53,482
Ecolab, Inc.		410		50,828
EI du Pont de Nemours & Co.		669		52,543
Monsanto Co.		475		54,069
Praxair, Inc.		406		48,196
Total Materials				434,914
Real Estate (1.39%)
CBRE Group, Inc., Class A(a)		1,579		56,244
Jones Lang LaSalle, Inc.		495		56,777
Park Hotels & Resorts, Inc.		367		9,373
Weyerhaeuser Co., REIT		1,638		55,233
Total Real Estate				177,627
Telecommunication Services (2.35%)
AT&T, Inc.		1,208		50,482
BT Group PLC, Sponsored ADR		2,161		43,825
Level 3 Communications, Inc.(a)		889		50,895
Sprint Corp.(a)		6,035		53,169
T-Mobile US, Inc.(a)		876		54,776
Verizon Communications, Inc.		968		48,042
Total Telecommunication Services				301,189
Utilities (2.91%)
American Electric Power Co., Inc		782		52,371
Edison International		689		54,941
Exelon Corp.		1,403		51,504
PG&E Corp.		825		55,069
Portland General Electric Co.		1,165		52,809
PPL Corp.		1,418		52,296
Sempra Energy		487		53,711
Total Utilities				372,701
TOTAL COMMON STOCKS
(Cost $10,931,103)				12,768,241

7 Day Yield			Shares		Value
SHORT TERM INVESTMENTS (0.19%)
Stare Street Institutional Treasury Plus Money Market Fund	0.414	%		24,538	$	24,538
TOTAL SHORT TERM INVESTMENTS
(Cost $24,538)						24,538
TOTAL INVESTMENTS (99.84%)
(Cost $10,955,641)					$	12,792,779
NET OTHER ASSETS AND LIABILITIES (0.16%)						20,098
NET ASSETS (100.00%)					$	12,812,877

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

 ALPS ETF Trust

Notes to Quarterly Schedules of Investments

February 28, 2017 (Unaudited)

1. Portfolio Valuation

Each Fund’s Shares are listed on the New York Stock Exchange (“NYSE”) Arca. Each Fund’s Net Asset Value (“NAV”) is determined daily, as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. The NAV is computed by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.

Portfolio securities listed on any exchange other than the NASDAQ Stock Market LLC (“NASDAQ”) are valued at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities traded on the NASDAQ are valued at the NASDAQ Official Closing Price as determined by NASDAQ. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Portfolio securities traded in the over-the-counter market, but excluding securities traded on the NASDAQ, are valued at the latest quoted sale price in such market. Fixed-income obligations are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service. Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service. Listed put options are valued at the mean of the most recent bid and ask prices.

Each Fund’s investments are valued at market value or, in the absence of market value with respect to any portfolio securities, at fair value according to procedures adopted by the Trust’s Board of Trustees (the “Board”). When market quotations are not readily available or when events occur that make established valuation methods unreliable, securities of each Fund may be valued in good faith by or under the direction of the Board. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933) for which a pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market price is not available from a pre-established primary pricing source or the pricing source is not willing to provide a price; a security with respect to which an event has occurred that is most likely to materially affect the value of the security after the market has closed but before the calculation of the Fund’s NAV or make it difficult or impossible to obtain a reliable market quotation; or a security whose price, as provided by the pricing service, does not reflect the security’s “fair value” due to the security being de-listed from a national exchange or the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open. As a general principle, the current “fair value” of a security would be the amount which the owner might reasonably expect to receive from the sale on the applicable exchange or principal market. A variety of factors may be considered in determining the fair value of such securities.

The accounting records of each Fund are maintained in U.S. dollars.

Certain Funds may directly purchase securities of foreign issuers. Investments in non---U.S. issuers may 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 a Fund’s investments or prevent a Fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States. Finally, the value of the currency of the country in which a Fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors.

Because foreign markets may be open on different days than the days during which investors may purchase the shares of each Fund, the value of each Fund’s securities may change on the days when investors are not able to purchase the shares of the Funds. The value of securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE or NASDAQ. Any use of a different rate from the rates used by the Index may adversely affect a Fund’s ability to track their Index.

2. Fair Value Measurements

Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

Valuation techniques used to value each Fund’s investments by major category are as follows:

Equity securities, including restricted securities, Exchange Traded Funds, Closed-End Funds and Limited Partnerships, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the mean of the most recent quoted bid and ask prices on such day and are generally categorized as Level 2 in the hierarchy. Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. Certain Funds may invest a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service and are categorized as Level 2 in the hierarchy, due to their active trading, short-term maturity and liquidity.

Listed put options are valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service and are categorized as Level 1 in the hierarchy, due to their active trading and short-term expiration.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

Various inputs are used in determining the value of each Fund’s investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.

These inputs are categorized in the following hierarchy under applicable financial accounting standards:

Level 1 –	Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;
Level 2 –	Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3 –	Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The following is a summary of the inputs used to value each Fund’s investments at February 28, 2017:

Alerian Energy Infrastructure ETF
Investments in Securities at Value*	Level 1- Unadjusted Quoted Prices		Level 2- Other Significant Observable Inputs		Level 3- Significant Unobservable Inputs		Total
Canadian Energy Infrastructure Companies	$	7,774,785	$	–	$	–	$	7,774,785
U.S. Energy Infrastructure Companies		8,006,848		–		–		8,006,848
U.S. Energy Infrastructure MLPs		7,816,193		–		–		7,816,193
U.S. General Partners		7,914,981		–		–		7,914,981
Short Term Investments		18,566		–		–		18,566
TOTAL	$	31,531,373	$	–	$	–	$	31,531,373

Alerian MLP ETF
Investments in Securities at Value*	Level 1- Unadjusted Quoted Prices		Level 2- Other Significant Observable Inputs		Level 3- Significant Unobservable Inputs		Total
Master Limited Partnerships	$	11,111,792,624	$	–	$	–	$	11,111,792,624
Short Term Investments		18,069,525		–		–		18,069,525
TOTAL	$	11,129,862,149	$	–	$	–	$	11,129,862,149

ALPS/Dorsey Wright Sector Momentum ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	3,917,125	$	–	$	–	$	3,917,125
Short Term Investments		1,458		–		–		1,458
TOTAL	$	3,918,583	$	–	$	–	$	3,918,583

ALPS Emerging Sector Dividend Dogs ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	24,159,355	$	–	$	–	$	24,159,355
Short Term Investments		58,661		–		–		58,661
TOTAL	$	24,218,016	$	–	$	–	$	24,218,016

ALPS Equal Sector Weight ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Exchange Traded Funds	$	154,867,246	$	–	$	–	$	154,867,246
Short Term Investments		11,178		–		–		11,178
TOTAL	$	154,878,424	$	–	$	–	$	154,878,424

ALPS International Sector Dividend Dogs ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	175,675,325	$	–	$	–	$	175,675,325
Short Term Investments		274,820		–		–		274,820
TOTAL	$	175,950,145	$	–	$	–	$	175,950,145

ALPS Medical Breakthroughs ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	105,982,495	$	–	$	–	$	105,982,495
Rights		–		1,700		–		1,700
Short Term Investments
Money Market Fund		11,231		–		–		11,231
Investments Purchased with Collateral from Securities Loaned		8,755,558		–		–		8,755,558
TOTAL	$	114,749,284	$	1,700	$	–	$	114,750,984

ALPS Sector Dividend Dogs ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	2,219,502,415	$	–	$	–	$	2,219,502,415
Short Term Investments		1,497,364		–		–		1,497,364
TOTAL	$	2,220,999,779	$	–	$	–	$	2,220,999,779

Barron's 400 ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	184,038,784	$	–	$	–	$	184,038,784
Limited Partnerships		6,781,815		–		–		6,781,815
Short Term Investments
Money Market Fund		1,874,553		–		–		1,874,553
Investments Purchased with Collateral from Securities Loaned		4,455,355		–		–		4,455,355
TOTAL	$	197,150,507	$	–	$	–	$	197,150,507

Cohen & Steers Global Realty Majors ETF
Investments in Securities at Value*	Level 1- Unadjusted Quoted Prices		Level 2- Other Significant Observable Inputs		Level 3- Significant Unobservable Inputs		Total
Common Stocks	$	78,114,225	$	–	$	–	$	78,114,225
Short Term Investments		127,885		–		–		127,885
TOTAL	$	78,242,110	$	–	$	–	$	78,242,110

RiverFront Dynamic Core Income ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Corporate Bonds	$	–	$	16,279,942	$	–	$	16,279,942
Short Term Investments		696,404		–		–		696,404
TOTAL	$	696,404	$	16,279,942	$	–	$	16,976,346

RiverFront Dynamic Unconstrained Income ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Corporate Bonds	$	–	$	8,636,695	$	–	$	8,636,695
Short Term Investments		405,905		–		–		405,905
TOTAL	$	405,905	$	8,636,695	$	–	$	9,042,600

RiverFront Dynamic US Dividend Advantage ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	23,785,805	$	–	$	–	$	23,785,805
Short Term Investments		97,394		–		–		97,394
TOTAL	$	23,883,199	$	–	$	–	$	23,883,199

RiverFront Dynamic US Flex-Cap ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	20,100,982	$	–	$	–	$	20,100,982
Short Term Investments		3,914		–		–		3,914
TOTAL	$	20,104,896	$	–	$	–	$	20,104,896

RiverFront Strategic Income Fund
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Corporate Bonds	$	–	$	310,057,156	$	–	$	310,057,156
Short Term Investments		17,161,581		–		–		17,161,581
TOTAL	$	17,161,581	$	310,057,156	$	–	$	327,218,737
Sprott BUZZ Social Media Insights ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	5,378,605	$	–	$	–	$	5,378,605
Limited Partnerships		120,513		–		–		120,513
Short Term Investments		2,910		–		–		2,910
TOTAL	$	5,502,028	$	–	$	–	$	5,502,028

Sprott Gold Miners ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	199,520,235	$	–	$	–	$	199,520,235
Short Term Investments
Money Market Fund		323,494		–		–		323,494
Investments Purchased with Collateral from Securities Loaned		11,953,514		–		–		11,953,514
TOTAL	$	211,797,243	$	–	$	–	$	211,797,243

Sprott Junior Gold Miners ETF
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	51,720,507	$	–	$	–	$	51,720,507
Short Term Investments
Money Market Fund		6,474		–		–		6,474
Investments Purchased with Collateral from Securities Loaned		3,838,786		–		–		3,838,786
TOTAL	$	55,565,767	$	–	$	–	$	55,565,767

U.S. Equity High Volatility Put Write Index Fund
Investments in Securities at Value	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Short Term Investments	$	–	$	31,397,555	$	–	$	31,397,555
Total	$	–	$	31,397,555	$	–	$	31,397,555

Other Financial Instruments**
Liabilities
Written Option Contracts	$	(587,373	)	$	–	$	–	$	(587,373	)
Total	$	(587,373	)	$	–	$	–	$	(587,373	)

Workplace Equality Portfolio
Investments in Securities at Value*	Level 1 - Unadjusted Quoted Prices		Level 2 - Other Significant Observable Inputs		Level 3 - Significant Unobservable Inputs		Total
Common Stocks	$	12,768,241	$	–	$	–	$	12,768,241
Short Term Investments		24,538		–		–		24,538
TOTAL	$	12,792,779	$	–	$	–	$	12,792,779

* For a detailed sector or country breakdown, see the accompanying Schedule of Investments.

** Other financial instruments are instruments not reflected in the Schedule of Investments.

Each Fund recognizes transfers between levels as of the end of the period. For the three months ended February 28, 2017, the Funds did not have any significant transfers between Level 1 and Level 2 securities. The Funds did not have any securities which used significant unobservable inputs (Level 3) in determining fair value.

3. Derivative Instruments and Hedging Activities

The following discloses the U.S. Equity High Volatility Put Write Index Fund’s (the “Fund”) use of derivative instruments and hedging activities.

The Fund’s investment objective permits the Fund to purchase derivative contracts, including written options. In doing so, the Fund will employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent to derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they can focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Fund to pursue its objectives more quickly and efficiently than it were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

Cash collateral that has been pledged to cover derivative obligations of the Fund and cash collateral received from the counterparty and non-cash collateral pledged by the Fund, if any, is noted in the Fund’s Schedule of Investments.

A written put option on an asset by a Fund obligates the Fund to buy the specified asset from the purchaser at the exercise price if the option is exercised before the expiration date. Premiums received when writing options are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options, which are either exercised or closed, are offset against the proceeds received or amount paid on the transaction to determine realized gains or losses.

Market Risk Factors: In pursuit of the Fund’s investment objectives, the Fund will use derivatives to increase or decrease its exposure to the following market risk factors:

Equity Risk: The value of the options sold by the Fund is based on the value of the stocks underlying such options. Accordingly, the Fund is exposed to equity risk, which is the risk that the value of the stocks underlying options written by the Fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of such stocks participate, or factors relating to specific companies. In such event, the value of the options sold by the Fund will likely decline. Additionally, if the value of the stocks underlying the options sold by the Fund increases, the Fund’s returns will not increase accordingly.

Put Option Risk: Options are generally subject to volatile swings in price based on changes in value of the underlying instrument, and the options written by the Fund may be particularly subject to this risk because the underlying stocks are selected by the Index Provider to have high volatility. The Fund will incur a form of economic leverage through its use of options, which will increase the volatility of the Fund’s returns and may increase the risk of loss to the Fund. While the Fund will collect premiums on the options it writes, the Fund’s risk of loss if one or more of its options is exercised and expires in-the-money may substantially outweigh the gains to the Fund from the receipt of such option premiums. The Fund will either earmark or segregate sufficient liquid assets to cover their obligations under each option on an ongoing basis. Moreover, the options sold by the Fund may have imperfect correlation to the returns of their underlying stocks.

Implied Volatility Risk: When the Fund sells a listed put option, it gains the amount of the premium it receives, but also incurs a corresponding liability representing the value of the option it has sold (until the option is exercised and finishes in the money or expires worthless). The value of the options in which the Fund invests is partly based on the volatility used by market participants to price such options (i.e., implied volatility). Accordingly, increases in the implied volatility of such options will cause the value of such options to increase (even if the prices of the options’ underlying stocks do not change), which will result in a corresponding increase in the liabilities of the Fund under such options and thus decrease the Fund’s NAV. The Fund is therefore exposed to implied volatility risk before the options expire or are exercised. This is the risk that the value of the implied volatility of the options sold by the Fund will increase due to general market and economic conditions, perceptions regarding the industries in which the issuers of such stock participate, or factors relating to specific companies.

Transactions in written put option contracts during the three months ended February 28, 2017 were as follows:

U.S. High Volatility Put Write Index Fund	Written Put Options
	Number of Contracts			Premiums Received
Options outstanding at November 30, 2016		(8,982	)	$	(599,619	)
Options written		(17,302	)		(1,235,107	)
Options exercised		1,019			116,237
Options expired		16,176			1,207,151
Options closed		992			87,076
Options outstanding at February 28, 2017		(8,097	)		(424,262	)
Market Value at February 28, 2017				$	(587,373	)

4. Lending of Portfolio Securities

ALPS Medical Breakthroughs ETF, Barron’s 400 ETF, Sprott Gold Miners ETF and Sprott Junior Gold Miners ETF (the “Funds”) have entered into a securities lending agreement with State Street Bank & Trust Co. (“SSB”), the Funds’ lending agent. The Funds may lend their portfolio securities only to borrowers that are approved by SSB. Each Fund will limit such lending to not more than 33 1/3% of the value of its total assets. Each Fund’s securities held as SSB as custodian shall be available to be lent except those securities the Fund or ALPS Advisors Inc. specifically identifies in writing as not being available for lending. The borrower pledges and maintains with each Fund collateral consisting of cash (U.S. Dollars only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and by cash equivalents (including irrevocable bank letters of credit issued by a person other than the borrower or an affiliate of the borrower). The initial collateral received by each Fund is required to have a value of no less than 102% of the market value of the loaned securities for U.S equity securities and a value of no less than 105% of the market value for non-U.S. equity securities. The collateral is maintained thereafter, at a market value equal to not less than 102% of the current value of the U.S. equity securities on loan and not less than 105% of the current value of the non-U.S. equity securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to each Fund on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the customary time period for settlement of securities transactions.

Any cash collateral received is reinvested in a money market fund managed by SSB as disclosed in each Fund’s Schedule of Investments. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in a Fund’s Schedule of Investments as it is held by the lending agent on behalf of each Fund, and each Fund does not have the ability to re-hypothecate these securities.

The following is a summary of each Fund’s securities lending agreements and related cash and non-cash collateral received as of February 28, 2017:

	Market Value of Securities on Loan		Cash Collateral Received		Non-Cash Collateral Received		Total Collateral Received
ALPS Medical Breakthroughs ETF	$	20,206,231	$	8,755,558	$	11,590,076	$	20,345,634
Barron's 400 ETF		4,968,187		4,455,355		691,688		5,147,043
Sprott Gold Miners ETF		15,033,852		11,953,514		3,400,262		15,353,776
Sprott Junior Gold Miners ETF		4,401,531		3,838,786		673,414		4,512,200

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by SSB. SSB’s indemnity allows for full replacement of securities lent wherein SSB will purchase the unreturned loaned securities on the open market by applying the proceeds of the collateral, or to the extent such proceeds are insufficient or the collateral is unavailable, SSB will purchase the unreturned loan securities at SSB’s expense. However, the Funds could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

5. Unrealized Appreciation and Depreciation on Investments (Tax Basis)

As of February 28, 2017, the costs of investments for federal income tax purposes and accumulated net unrealized appreciation/(depreciation) on investments were as follows:

	Gross Appreciation (excess of value over tax cost)		Gross Depreciation (excess of tax cost over value)			Net Unrealized Appreciation/(Depreciation)			Cost of Investments for Income Tax Purposes
Alerian Energy Infrastructure ETF	$	1,684,265	$	(2,864,244	)	$	(1,179,979	)	$	32,711,352
Alerian MLP ETF		3,946,047,205		(409,922,843	)		3,536,124,362			7,593,737,787
ALPS/Dorsey Wright Sector Momentum ETF		170,120		(62,031	)		108,089			3,810,494
ALPS Emerging Sector Dividend Dogs ETF		1,920,017		(1,218,699	)		701,318			23,516,698
ALPS Equal Sector Weight ETF		37,632,735		(1,141,479	)		36,491,256			118,387,168
ALPS International Sector Dividend Dogs ETF		10,727,679		(18,358,903	)		(7,631,224	)		183,581,369
ALPS Medical Breakthroughs ETF		12,740,096		(29,365,823	)		(16,625,727	)		131,376,711
ALPS Sector Dividend Dogs ETF		214,539,457		(61,197,798	)		153,341,659			2,067,658,120
Barron's 400 ETF		37,400,070		(5,089,502	)		32,310,568			164,839,939
Cohen & Steers Global Realty Majors ETF		11,775,633		(2,689,825	)		9,085,808			69,156,302
RiverFront Dynamic Core Income ETF		28,006		(39,064	)		(11,058	)		16,987,404
RiverFront Dynamic Unconstrained Income ETF		253,093		(6,327	)		246,766			8,795,834
RiverFront Dynamic US Dividend Advantage ETF		1,674,091		(371,741	)		1,302,350			22,580,849
RiverFront Dynamic US Flex-Cap ETF		1,201,167		(285,786	)		915,381			19,189,515
RiverFront Strategic Income Fund		10,107,562		(273,787	)		9,833,775			317,384,962
Sprott Buzz Social Media Insights ETF		434,555		(150,741	)		283,814			5,218,214
Sprott Gold Miners ETF		15,714,106		(16,347,550	)		(633,444	)		212,430,687
Sprott Junior Gold Miners ETF		6,238,521		(2,925,998	)		3,312,523			52,253,244
U.S. Equity High Volatility Put Write Index Fund		373		(18	)		355			31,397,200
Workplace Equality Portfolio		2,139,483		(352,229	)		1,787,254			11,005,525

6. Return of Capital Estimates

The Alerian MLP ETF (the “Alerian Fund”) expects a portion of the distributions it receives from Master Limited Partnerships (“MLPs”) to be treated as a tax-deferred return of capital, thus reducing the Alerian Fund’s current tax liability. Return of capital distributions are not taxable income to the shareholder, but reduce the investor’s tax basis in the investor’s Fund Shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of Fund Shares. Shareholders who periodically receive the payment of dividends or other distributions consisting of a return of capital may be under the impression that they are receiving net profits from the Alerian Fund when, in fact, they are not. Shareholders should not assume that the source of the distributions is from the net profits of the Alerian Fund.

7. Master Limited Partnerships

MLPs are publicly traded partnerships engaged in, among other things, the transportation, storage and processing of minerals and natural resources and are treated as partnerships for U.S. federal income tax purposes. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”). These qualifying sources include, among other things, natural resource- based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners; the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management.

MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

Item 2. Controls and Procedures.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective as of a date within 90 days of the filing date of this Report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940, as amended, and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b) There was no change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) during the second fiscal quarter of the period covered by this Report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

Separate certifications for the registrant's Principal Executive Officer and Principal Financial Officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached as Exhibit 99 Cert.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ALPS ETF TRUST
By:	/s/ Thomas A. Carter
	Thomas A. Carter
	President (Principal Executive Officer)
Date:	April 25, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Thomas A. Carter
	Thomas A. Carter
	President (Principal Executive Officer)
Date:	April 25, 2017
By:	/s/ Patrick D. Buchanan
	Patrick D. Buchanan
	Treasurer (Principal Financial Officer)
Date:	April 25, 2017

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