ALPS Proposes Reorganization of Two Exchange Traded Funds

ALPS, a subsidiary of DST Systems, Inc. (NYSE: DST) providing products and services to the financial services industry, today announced that shareholders of record as of May 23, 2016 of the Janus Velocity Tail Risk Hedged Large Cap ETF (NYSE ARCA: TRSK) and Janus Velocity Volatility Hedged Large Cap ETF (NYSE ARCA: SPXH), each a series of ALPS ETF Trust (the Funds),will be asked to approve a reorganization of their respective Funds into newly created exchange-traded funds (ETFs) of the Janus Detroit Street Trust.

The proposed reorganizations of the Funds will allow shareholders the opportunity to continue investing in corresponding new ETFs with the same names, investment objectives and underlying indices, but as part of a Janus-structured platform.

If approved by shareholders, the proposed reorganizations are expected to close on or around July 18, 2016.

For additional information about the Funds or to receive free copies of the Funds’ prospectus, SAI or other documents, shareholders may visit www.janus.com/etfs or call 1.877.335.2687. To receive proxy documents, Fund shareholders may visit proxyonline.com/docs/janusvelocity or call 1.866.9392.

About ALPS

Through its subsidiary companies, ALPS Holdings, Inc. is a leading provider of innovative investment products and customized servicing solutions to the financial services industry. Founded in 1985, Denver-based ALPS delivers its Asset Management and Asset Servicing Solutions through offices in Boston, New York, Seattle, and Toronto. ALPS is a wholly owned subsidiary of Kansas City-based DST Systems, Inc. For more information about ALPS and its services, visit www.alpsinc.com. Information about ALPS products is available at www.alpsfunds.com.

About DST

DST Systems, Inc. is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world’s most demanding industries to ensure they continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements. For more information, visit the DST website at www.dstsystems.com.

This press release does not constitute an offer to buy or a solicitation of an offer to sell share of the Funds or the new ETFs. Investors should read the proxy documents and other relevant materials carefully in their entirety as they contain important information about the reorganizations.

Investing involves risk, including the loss of money. An investor should consider the investment objectives, risks, charges and expenses carefully before investing. Please read the prospectus carefully before investing.

Shares are not individually redeemable. Investors may buy and sell shares of the Funds and on a secondary market.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Funds. ALPS Distributors, Inc. is the Distributor for the new ETFs.

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