Investment objective & strategy
As of March 30, 2026 · prospectusObjective. The Fund seeks investment results that replicate as closely as possible, before fees and expenses, the performance of an index called the S-Network REIT Dividend Dogs Index (ticker symbol RDOGX) (the Underlying Index).
Strategy. ALPS Advisors, Inc. (the Adviser) will seek investment results that replicate as closely as possible, before fees and expenses, the performance of the Underlying Index. The Underlying Index is a rules-based index intended to give investors a means of tracking the overall performance of the highest dividend paying real estate investment trusts (REITs) (i.e., Dividend Dogs) in the S-Network US Composite REIT Index, a universe of mainly REITs listed in the United States (the S-Net U.S. REIT), on a segment-by-segment basis. Dividend Dogs refers to the five REITs in each of the nine segments that make up the S-Net U.S. REIT which offer the highest dividend yields. The Fund will normally invest at least 90% of its total assets in … ALPS Advisors, Inc. (the Adviser) will seek investment results that replicate as closely as possible, before fees and expenses, the performance of the Underlying Index. The Underlying Index is a rules-based index intended to give investors a means of tracking the overall performance of the highest dividend paying real estate investment trusts (REITs) (i.e., Dividend Dogs) in the S-Network US Composite REIT Index, a universe of mainly REITs listed in the United States (the S-Net U.S. REIT), on a segment-by-segment basis. Dividend Dogs refers to the five REITs in each of the nine segments that make up the S-Net U.S. REIT which offer the highest dividend yields. The Fund will normally invest at least 90% of its total assets in common stocks and other equity securities (which may include REITs, American depositary receipts (ADRs), American depositary shares (ADSs) and global depositary receipts (GDRs)) that comprise the Underlying Index. The Fund may invest in companies with a market capitalization of greater than $50 million as of the annual reconstitution date, which is the third Friday of December each year. The Fund generally will invest in all of the securities that comprise the Underlying Index in proportion to their weightings in the Underlying Index. The Underlying Index, like the S-Net U.S. REIT from which components of the Underlying Index are selected, divides into nine segments, eight of which are based on Global Industry Classification Standard (GICS) Sub-Industries (excluding Technology REITs involved in cell towers and/or data centers) and a separate Technology REIT segment based on the research of the Underlying Index provider, S-Network Global Indexes, Inc. (the Index Provider). The Underlying Index generally consists of 45 REITs on each annual reconstitution date. The Underlying Indexs REITs must be constituents of the S-Net U.S. REIT universe, which includes a universe of mainly REITs listed in the United States. The selection criteria for the universe also includes requirements for segment inclusion, primary exchange listing, minimum market capitalization, share price, average daily trading volume and other factors. The Underlying Index is rebalanced quarterly. Individual securities to be included in the Underlying Index are selected based on a ranking system within each segment that selects the top five REITs in the segment by indicated dividend yield as of the last trading day of November that have funds from operations per share greater than their trailing-12-month dividends per share. Indicated dividend yield is computed based on the last regular cash dividend paid by the company multiplied by the payment frequency, divided by the share price. (Special dividends are not included). The eligible REITs that are selected for inclusion in the Underlying Indexs portfolio are equally weighted.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| GLADSTONE LAND CORP | — | $302.78K | 2.83% |
| POSTAL REALTY TRUST INC | — | $296.75K | 2.78% |
| EQUINIX INC | — | $288.38K | 2.70% |
| EPR PROPERTIES | — | $262.47K | 2.46% |
| NATIONAL STORAGE AFFILIATES TRUST | — | $259.88K | 2.43% |
| REALTY INCOME CORP REIT | — | $256.21K | 2.40% |
| ALEXANDRIA REAL ES EQ INC REIT | — | $256.10K | 2.40% |
| GLADSTONE COMMERCIAL CORP | — | $254.62K | 2.38% |
| GETTY REALTY CORP | — | $254.52K | 2.38% |
| DIGITAL REALTY TRUST INC | — | $254.28K | 2.38% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco KBW Premium Yield Equity REIT ETF · KBWY | 54% | 0.35% |
| Hoya Capital High Dividend Yield ETF · RIET | 37% | 0.50% |
| NETLease Corporate Real Estate ETF · NETL | 30% | 0.60% |
Advisers
| Firm | Role |
|---|---|
| ALPS Advisors, Inc. | Adviser |
Footnotes
- Expense ratio as of March 30, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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