BUZZ US SENTIMENT LEADERS ETF INSIGHTS November Powered by Artificial Intelligence BUZ

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1 Z US SENTIMENT LEADERS ETF INSIGHTS November 2017 NYSE ARCA Powered by Artificial Intelligence Key TAKEAWAYS The Z US Sentiment Leaders ETF () returned 1.99% for the month of November. Despite trailing the S&P 500 by 1% for the month, is still outperforming the S&P 500 by 59 basis points (bps) year to date. Consumer Staples names provided a boost during November as supermarkets benefitted from the holiday rush. Amidst strong economic numbers and an overall strong US equity market, underwent its monthly rebalance resulting in 13 add/drops, refreshing the portfolio based on positive sentiment throughout the online universe. NOVEMBER Z US SENTIMENT LEADERS ETF INSIGHTS The Z US Sentiment Leaders ETF finished the month of November up 1.99% lagging the S&P by a full percentage point. Relative underperformance was largely due to Information Technology and Telecommunication Services. SNAP Inc (SNAP) contributed 41bps to the underperformance after missing estimates for Q3 revenue and earnings, as well as reporting slowing user growth. SNAP was dropped in the most recent rebalance as investor sentiment shifted out of the top 75. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOG) or FAANG stocks were mixed from a performance perspective despite 4 out of 5 posting top 6 sentiment scores in the index. Refresher: employs leading edge analytics to harness the investment insights derived from vast datasets generated across online platforms and identifies 75 U.S. stocks with the most positive investment insights and sentiment measures PERFORMANCE (NAV) 25% 20% 21.08% 20.49% 15% 10% 5% 0% 1.99% 3.07% NOV-17 YTD S&P 500 Index Source: ALPS, as of 11/30/2017 Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. You can obtain performance data current to the most recent month end by calling (866) or For standardized performance, please see Page

2 CONSUMER STAPLES WAS ZING IN NOVEMBER With the S&P 500 on a tear, s sentiment driven sector allocations helped the fund differentiate and gave investors exposure to the most discussed names in the social universe based on its proprietary Artificial intelligence (AI), machine learning, and language processing models. With 8 names in Consumer Staples for the month, we saw 7 increase and 1 decrease. Kroger CO. (KR) % Stock rose heavily after crushing Q3 earnings Costco Wholesale Corp % Reported strong sales for November Wal-mart Stores INC % After stellar 3rd quarter results, WMT posted its best single day Valeant Pharmaceuticals (VRX) was added to the portfolio in November and is up 16.81% since the rebalance. VRX develops and distributes drugs with a focus on unmet medical needs in central nervous system diseases. WHAT S ALL THE Z ABOUT? Sprint Corp. In January this year, it was announced that negotiations on a potential merger between Sprint Corp (NYSE: S) and T-Mobile (NASDAQ: TMUS) was underway. Softbank, which owns 80% of Sprint, had reportedly been interested for years in selling its stake to T-Mobile s parent company, Deutsche Telekom, in a deal that would combine two of the largest wireless telecommunications companies in the United States. News of the negotiations was well received by markets as investors viewed the prospect of a combined entity being better able to compete with Verizon (NYSE: VZ) and AT&T (NYSE: T). Investor sentiment on shares of Sprint have remained positive ever since the stock first entered the Z Index in May 2016 and has remained strong throughout the impressive rally from $4.00 to above $9.00 earlier this year. However, in October it was reported that the merger was in jeopardy over valuation concerns and reconsideration by Softbank to exit the U.S. wireless market. Earlier this month, negotiations were called off, and shares of both S and TMUS slumped. Despite the negative headlines, online sentiment on Sprint continues to be positive. Investors appear to continue to view the company as a strong value play while not dismissing the potential for a deal to still be reached, suggesting the recent news-driven dip could be a renewed buying opportunity. Take-Two Interactive Software, Inc. These days when investors think of the technology sector, the names that first come to mind are likely the FAANG giants, social media companies like TWTR (NYSE: TWTR), and chipmakers like Intel (NASDAQ: INTC), Advanced Micro Devices (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA). Over the past year we have seen positive investor sentiment increase meaningfully on another subgroup: entertainment software companies. Investors who are familiar with video game makers know of Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI), two strong companies whose stocks are up 50% year to date and both constituents of the Z Index. Recently, we have seen another name, Take-Two Interactive Software (NASDAQ: TTWO), begin to garner investor interest and increasingly positive sentiment. Since entering the Z Index in July 2017, TTWO has rallied 50%, resulting in a year-to-date return of over 100%. Recent Q2 earnings exceeded expectations, sending shares up 10% the next day. Take-Two has gained a reputation amongst consumers for making quality video game titles such as NBA 2K18 and Grand Theft Auto series. We are seeing this positive consumer sentiment translate into increasingly positive investor sentiment, with no signs of a slowdown ahead.

3 SECTOR CONTRIBUTION TO RETURN- NOVEMBER 2017 All 11 sectors were positive for the S&P 500 during the month of November. Allocation effect accounted for 20 bps of underperformance with selection effect accounting for the remainder. vs S&P 500 GICS Sector Contribution to Return 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% -0.2% 0.82% 0.41% 0.81% 0.60% 0.51% 0.45% 0.47% 0.38% 0.29% Health Care Consumer Staples Consumer Discretionary 0.13% 0.10% 0.10% 0.11% 0.09% 0.09% 0.03% Industrials Financials -0.03% -0.03% -0.09% -0.12% Materials Energy S&P 500 Information Technology Telecommunication Services Real Estate Utilities Past performance is not indicative of future results. TOP/BOTTOM PERFORMERS- NOVEMBER 2017 Leaders Performance Sector Qualcomm Inc (QCOM) 31.14% Information Technology Mattel Inc (MAT) 29.04% Consumer Discretionary Kroger CO (KR) 25.64% Consumer Staples Laggards Performance Sector Electronic Arts INC (EA) % Information Technology SNAP Inc (SNAP) % Information Technology CenturyLink INC (CTL) % Telecom Past performance is not indicative of future results. TOP FIVE POSITIVELY TRENDING STOCKS IN THE INDEX Company Advanced Micro Devices Inc Facebook Inc Apple Inc Amazon.com Inc PayPal Holdings Inc Ticker AMD FB AAPL AMZN PYPL BOTTOM FIVE NEGATIVELY TRENDING STOCKS NOT IN THE INDEX Company Bristol-Myers Squibb Co Lowe's Cos Inc Chipotle Mexican Grill Inc Ulta Beauty Inc Priceline Group Inc/The Ticker BMY LOW CMG ULTA PCLN

4 MONTHLY PERFORMANCE as of 9/30/17 Cumulative NAV MKT 1 Month 3 Month 6 Month YTD Since Inception 1 Year Annualized Since Inception Z US Sentiment Leaders ETF (Net Asset Value) % 7.23% 13.82% 18.72% 24.63% 27.32% 15.40% Z US Sentiment Leaders ETF (Market Price) % -3.68% 2.34% 6.59% 12.03% 14.49% 7.67% S&P 500 Total Return Index 2.33% 4.76% 9.10% 16.91% 26.86% 23.63% 16.76% Z NextGen AI US Sentiment Leaders Index - Total Return 3.23% 7.37% 14.05% 19.2% 25.5% 27.90% 15.93% Performance data quoted represents past performance, which is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. You can obtain performance data current to the most recent month end by calling (866) or The investment return and principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Gross Expense Ratio: 0.75% Fund inception date of 4/18/16 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times. ETF Stats Ticker: Underlying Index: Z Listing Exchange: NYSE Arca CUSIP: 00162Q494 Fund Inception: April 18,2016 Dividends Paid: Yearly Most Recent Dividend*: $ Gross Expense Ratio: 0.75% NAV**: $31.76 Shares Outstanding: 300,002 *Dividend Paid on December 29, 2016 **As of November 30, 2017 Top Ten Holdings^ VALEANT PHARMACEUTICALS 3.48% AMAZON.COM INC 3.08% GILEAD SCIENCES INC 3.07% MICROSOFT CORP 3.01% APPLE INC 2.99% ALPHABET INC-CL A 2.94% FACEBOOK INC-A 2.94% PAYPAL HOLDINGS INC 2.90% ADVANCED MICRO DEVICES 2.88% INTUITIVE SURGICAL INC 2.88% As of November 30, 2017 Source: Bloomberg ^ Future holdings are subject to change.

5 Important Disclosures & Definitions An investor should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information call or visit alpsfunds.com. Read the prospectus carefully before investing. Z US Sentiment Leaders ETF shares are not individually redeemable. Investors buy and sell shares of the Z US Sentiment Leaders ETF on a secondary market. Only market makers or authorized participants may trade directly with the Fund, typically in blocks of 50,000 shares. Effective March 31, 2017, the Sprott Z Social Media Insights ETF changed its name to the Z US Sentiment Leaders ETF. The ability to invest based on social media analytics is relatively new and untested. The Fund may invest a significant portion of its assets in securities issued by companies in the information technology sector in order to track the Underlying index s allocation to that sector. These types of funds typically have a high portfolio turnover that could increase transaction costs and cause short-term capital gains to be realized. The Fund is not suitable for all investors. There are risks involved with investing in ETFs including the loss of money. The Fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. Funds that emphasize investment in small/mid cap companies will generally experience grater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. Natural language processing (NLP) deals with the application of computational models to text or speech data. NLP algorithms can be used in Sentiment analysis to identify and extract subjective information in source materials. Sentiment analysis is widely applied to reviews and social media for a variety of applications, ranging from marketing to customer service. Artificial intelligence (AI) is the intelligence exhibited by machines or software. One of the central problems (or goals) of AI research include natural language processing (communication). Social media, as it relates to the ETF, refers to social media sites. Some examples of social media sites may include, but are not limited to, the following: Facebook, Twitter, LinkedIn, Digg, Reddit, RSS, blogs, Investopedia, stock forums, etc. Defined investment universe of US stocks - in order to be eligible for inclusion in the Underlying Index, a company s stock must be traded on one or more major U.S. exchanges, have a minimum market capitalization of at least $5 billion, and have a 3 month minimum average daily trading volume of $1 million. Investing in companies based on social media analytics involves the potential for market manipulation because social media posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a stock or other investment. Text and sentiment analysis of social media postings may prove inaccurate; that is, high positive sentiment may not correlate with negative change in the value of a company s stock. ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Z US Sentiment Leaders ETF. S&P 500 Index is the Standard & Poor s composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices. An investor cannot invest directly in an index /31/18