ALPS | GS Momentum Builder® Index ETFs

Multi-Asset Index ETF

Growth Markets Equities and US Treasuries Index ETF

Asia ex-Japan Equities and US Treasuries Index ETF

ALPS | GS Risk-Adjusted Return

Risk-Adjusted Return US Large Cap Index ETF

How It Works

ALPS | GS Momentum Builder® Index ETFs

ALPS | GS Risk-Adjusted Return

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ALPS | GS Momentum Builder® Multi-Asset Index ETF Stats
as of 07/31/2014
TickerGSMA
Underlying IndexGSMOBUMA
Listing ExchangeNYSE Arca
CUSIP00162Q 767
Dividends PaidQuarterly
Expense Ratios
as of 03/31/2014
Management Fee0.68%
Acquired Fund Fees and Expenses0.27%
Total Expense Ratio0.95%
ALPS | GS Momentum Builder® Growth Markets Equities and US Treasuries Index ETF Stats
as of 07/31/2014
TickerGSGO
Underlying IndexGSMOBUGM
Listing ExchangeNYSE Arca
CUSIP00162Q 775
Dividends PaidQuarterly
Expense Ratios
as of 03/31/2014
Management Fee0.68%
Acquired Fund Fees and Expenses0.48%
Total Expense Ratio1.16%
ALPS | GS Momentum Builder® Asia ex-Japan Equities and US Treasuries Index ETF Stats
as of 07/31/2014
TickerGSAX
Underlying IndexGSMOBUAX
Listing ExchangeNYSE Arca
CUSIP00162Q 759
Dividends PaidQuarterly
Expense Ratios
as of 03/31/2014
Management Fee0.68%
Acquired Fund Fees and Expenses0.50%
Total Expense Ratio1.18%
ALPS | GS Risk-Adjusted Return US Large Cap Index ETF Stats
as of 07/31/2014
TickerGSRA
Underlying IndexGSRARUS
Listing ExchangeNYSE Arca
CUSIP00162Q 742
Dividends PaidQuarterly
Expense Ratios
as of 03/31/2014
Management Fee0.55%
Total Expense Ratio0.55%

The ALPS | GS Momentum Builder® Index ETFS

HOW IT WORKS STEP 1 STEP 2 STEP 3

The ALPS | GS Momentum Builder® Index Exchange-Traded Funds ("ETFs") implement momentum-driven strategies designed to capture the market trends of select asset classes.

Each ALPS | GS Momentum Builder® Index ETF is an Exchange-Traded Fund ("ETF") designed to provide exposure to price momentum equity and U.S. fixed income markets by reflecting the combination of underlying ETF weightings that provide the highest six-month historical return, subject to the constraints on maximum and minimum weights and volatility controls.

  • GSMA Multi-Asset Index
  • GSGO Growth Markets Equities and US Treasuries Index
  • GSAX Asia ex-Japan Equities and US Treasuries Index

Unlike traditional momentum strategies which are typically based solely on historical returns, the Momentum Builder® Index ETFs also take into account historical volatilities and correlation to manage the risk of the overall portfolio.

The ALPS | GS Momentum Builder® Index ETFs How They Work

The GS Momentum Builder Index

The GS Momentum Builder® is a systematic trading strategy that dynamically allocates across a basket of assets based on historical price momentum and volatility

Portfolio Selection

From the eligible universes below, each index portfolio is selected based on delivering the maximum momentum total return for the target level of volatility.

GSMOBUMA
 GSMOBUMA
Constituents
MinMax
BIL* SPDR® Barclays 1-3 Month T-Bill ETF 0% 50%
SHV* iShares Barclays Short Treasury Bond Fund 0% 50%
IEF iShares Barclays 7-10 Year Treasury Bond Fund 0% 50%
TLT iShares Barclays 20+ Year Treasury Bond Fund 0% 50%
IWB iShares Russell 1000 Index Fund 0% 30%
IWM iShares Russell 2000 Index Fund 0% 30%
EFA iShares MSCI EAFE Index Fund 0% 30%
VWO Vanguard MSCI Emerging Markets ETF 0% 30%
GSG*iShares S&P GSCI Commodity-Indexed Trust0% 25%
AGG iShares Core Total U.S. Bond Market ETF 0% 30%
HYG iShares iBoxx $ High Yield Corporate Bond Fund 0% 30%
TIP iShares Barclays Treasury Inflation Protected Securities Bond Fund 0% 30%
BWX SPDR BarCap Intl Treasury Bond ETF 0% 30%
EMB iShares JPMorgan USD Emerging Mkts Bond 0% 30%
ELD WisdomTree Emerging Markets Local Debt Fund 0% 30%
IYR iShares Dow Jones U.S. Real Estate Index Fund 0% 30%
ILF iShares S&P Latin America 40 Index Fund 0% 30%
DGL*PowerShares DB Gold Fund0% 30%

Target Volatility: 8

Volatility Cap: 10

GSMOBUGM
 GSMOBUGM
Constituents
MinMax
BIL*SPDR® Barclays 1-3 Month T-Bill ETF 0% 50%
SHV*iShares Barclays ST Tsy Bond Fund 0% 50%
IEF iShares Barclays 7-10 Yr Tsy Bond 0% 50%
TLT iShares Barclays 20+ Year Tsy Bond 0% 50%
FXI iShares FTSE China 25 Index Fund 0% 30%
EPI WisdomTree India Earnings Fund 0% 30%
RSX Market Vectors® Russia ETF 0% 30%
EWZ iShares MSCI Brazil Index Fund 0% 30%
EWY iShares MSCI South Korea Index Fund 0% 25%
IDX Market Vectors® Indonesia Index ETF 0% 30%
TUR iShares MSCI Turkey Inv Mkt Ind Fund 0% 30%
ENW iShares MSCI Mexico Inv Mkt Ind Fund 0% 30%

Target Volatility: 20

Volatility Cap: 22

GSMOBAUX
 GSMOBUAX
Constituents
MinMax
BIL*SPDR® Barclays 1-3 Month T-Bill ETF 0% 50%
SHV*iShares Barclays ST Tsy Bond Fund 0% 50%
IEF iShares Barclays 7-10 Yr Tsy Bond 0% 50%
TLT iShares Barclays 20+ Year Tsy Bond 0% 50%
EPI WisdomTree India Earnings Fund 0% 30%
FXI iShares FTSE China 25 Index Fund 0% 30%
THD iShares MSCI Thailand Investable Market Index Fund 0% 30%
EWT iShares MSCI Taiwan Index Fund 0% 30%
EWH iShares MSCI Hong Kong Index Fund 0% 25%
IDX Market Vectors® Indonesia Index Fund 0% 30%
EWS iShares MSCI Singapore Index Fund 0% 30%
EWM iShares MSCI Malaysia Index Fund 0% 30%
EWY iShares MSCI South Korea Index Fund 0% 30%
EWA iShares MSCI Australia Index Fund 0% 30%

Target Volatility: 20

Volatility Cap: 22

* The sum of GSG and DGL should be less than 25%.

*The cash position is comprised of 50% BIL and 50% SHV, rebalanced on each monthly rebalancing date.

Volatility1 Control

Volatility Control

On a Daily Basis

  • The 3 month realized volatility2 of the current index portfolio is computed
  • If that volatility exceeds a volatility cap (e.g.: 10%), the index portfolio is partially reallocated into a cash position to achieve the targeted volatility
  • If the portfolio volatility then drops, the index portfolio is reallocated back into the initial portfolio based on optimized levels proportionally to the decrease in volatility
1 Volatility is measured using standard deviation.
2 Realized volatility is an historical calculation of the degree of movement based on prices or values of an asset observed periodically in the market over a specific period.

Source: Goldman Sachs Sales and Trading.

Past Performance is not indicative of future results.

Rebalance

On a monthly basis, the index portfolio re-optimized with the goal of maximum momentum total return for the target level of volatility

Momentum Builder® Series
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Asset allocation cannot assure a profit nor protect against a loss.

There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available in the prospectus.

The Funds are new with a limited operating history.

You cannot invest directly in an index.

The Funds are subject to the additional risks associated with concentrating its investments in companies in the market sector.

Foreign and Emerging Market investing involves special risks such as currency fluctuations and political uncertainty.

The funds seek to track a momentum strategy index and, as a result, may experience more volatility than funds that track more broadly based conventional indexes.

The assets of the Fund are invested primarily in shares of the Underlying ETFs, and the investment performance of the Fund is directly related to the investment performance of the Underlying ETFs in which it invests.

The Funds are not suitable for all investors. An investor considering the Funds should be able to tolerate potentially wide price fluctuations.

Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the ALPS | Goldman Sachs Index ETF Series.

© 2012-2014 ALPS Advisors Inc. - All rights reserved.

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