Grail McDonnell Core Taxable Bond ETF

Holdings (72 total) as of 07/30/2010, subject to change
Security	Symbol	Weight (%)
FGLMC 5.0% 02/01/2040 A91180		7.75%
FNCL 4.5% 08/01/2039 935533		7.27%
FGLMC 5.5% 05/01/2035 A34902		6.35%
UST NOTE 6.25% 8/15/2023		5.08%
FNR 2010-9 EA 01/25/2024 3.5%		3.91%
US TREASURY N/B T 4.625% 02/15/2017		3.36%
FGLMC 6.0% 10/01/2038 G04713		3.27%
TSY INFL IX 1.625 1/15/18		3.14%
GOVERNMENT NATIONAL MORTGAGE A FLOATER 06/16/2032		2.23%
GOVERNMENT NATIONAL MORTGAGE A FLOATER 03/16/2032		2.07%
CARMX 2008-1 A4A 4.79% 02/15/2013		2.02%
FREDDIE MAC 5.0% 07/15/2014 SERIES		1.99%
SBAP 2009-20J 1 10/01/2029 3.92%		1.97%
GNR 2009-29 NP CLASS NP 06/16/2034 4.5%		1.90%
TSY INFL IX 01/15/2014 2%		1.67%
GNSF 5.00% 02/15/2040 719765		1.67%
FNCI 4.50% 02/01/2022 AA7260		1.61%
SPDR BARCDLAYS CAPITAL HIGH	JNK	1.48%
ISHARES IBOXX $ HIGH YIELD COR	HYG	1.47%
CHICAGO ILL MET WTR RECLAMATION DIST 12/01/38		1.29%
GNSF 6.00% 12/15/2037 680652		1.27%
MORGAN STANLEY MS 4.75% 04/01/2014		1.21%
TSY INFL IX 04/15/2029 3.875%		1.17%
SPEEDWAY MOTORSPORTS INC 8.75% 06/1/2016		1.04%
GNR 2008-39B 4.549% 06/16/28		1.04%
FANNIE MAE 2.75 02/05/2014		1.03%
MBART 2010-1 A4 08/15/2016 2.36%		1.00%
HART 2010-A A4 2.45 % 12/15/16		1.00%
HAROT 2010-1 A4 1.98% 10/24/2013		1.00%
US TREASURY 05/15/2019 3.125%		1.00%
FNCI 5.00% 03/01/2024 AA5027		0.99%
FNCL 4.0% 09/01/2039 POOL# AC1921		0.98%
AT&T INC 5.8 02/15/2019		0.90%
GENERAL ELEC CAP CORP 5.5% 01/08/2020		0.84%
CITIGROUP INC 6.125 11/21/2017		0.84%
JP MORGAN CHASE 5.15 10/1/2015		0.84%
MERRILL LYNCH 6.4 8/28/2017		0.84%
BOWLING GREEN ST UNIV OHIO GEN RCPTS 6/1/2018		0.81%
FGLMC 6.5% 08/01/2038 A81219		0.79%
CIGNA CORP CI 8.5% 05/01/2019		0.74%
DOW CHEMICAL CO 8.55 05/15/2019		0.73%
METLIFE INC 6.4% 12/15/36		0.73%
CSX CORP 7.375 2/1/2019		0.72%
CVS CAREMARK 6.6 03/15/2019		0.69%
ORACLE CORP 6.5% 4/15/2038		0.69%
VERIZON COMM INC 6.35 04/01/2019		0.69%
SIERRA PACIFIC POWER COMPANY 6% 05/15/2016		0.66%
BURLINGTON NORTH 5.65 05/01/2017		0.66%
CATERP FIN SERV 5.45 04/15/2018		0.66%
AUTOZONE INC 5.75 01/15/2015		0.65%
ACE INA HOLDINGS 5.7 02/15/2017		0.64%
EXELON CORP 4.9 06/15/2015		0.64%
SOUTHERN POWER 4.875 7/15/2015		0.64%
TELECOM IT CAP 6.175% 06/18/2014		0.64%
PETROBRAS INTL 5.875% 03/01/2018		0.63%
JABIL CIRCUIT 7.75 07/15/2016		0.63%
WILLIS NORTH AME 7 09/29/2019		0.63%
CISCO SYSTEMS 4.45 01/15/2020		0.63%
BALL CORP 7.125 09/01/2016		0.63%
BOSTON SCIENTIFC 6.25 11/15/2015		0.62%
ABBOTT LABORIATORIES 4.125% 05/27/2020 SERIES		0.62%
CREDIT SUISSE 5.4% 01/14/2020		0.62%
MIDAMERICAN ENERGY HOLDINGS 5.75 4/1/2018		0.62%
WASTE MANAGEMENT INC. 4.75% 06/30/2020 SERIES		0.61%
TEVA PHARMA FIN II/III 3.0% 06/15/2015		0.61%
L-3 COMMUNICATIONS CORP 01/15/2015 5.875%		0.60%
GOLDMAN SACHS GROUP INC 6.0% 06/15/2020		0.42%
COMCAST CORP CMSA 5.15% 03/01/2020		0.42%
DISCOVER FINANCIAL SVS 6.45% 06/12/2017		0.41%
JEFFERIES GROUP 6.75% 04/15/2021		0.39%
BANK OF NEW YORK CASH RESERVE		0.36%
FNCL 6.5% 03/01/2035 797478		0.28%
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Profile as of 07/30/2010
Shares Outstanding	50,010
Total Net Assets	$2,592,311.23

Fund Data as of 07/30/2010
NAV	$51.84
Market Price^†	$51.44
Premium / Discount	-0.77%
Bid / Ask Midpoint	$51.44
Last Trade Price	$51.33
Volume	500

Yield Information as of 07/30/2010
30 Day SEC Yield^‡	3.72%

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Recent month end performance data.

^†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.

^‡The 30-Day SEC yield is calculated by dividing the net investment income per share for the 30 days ended on the date of calculation by the maximum offering price per share on that date. The figure is compounded and annualized.

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 disclosure.

The ETFs are new and have limited operating history.

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(s), typically in blocks of 50,000 shares.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. For more complete information about the Grail American Beacon ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the McDonnell ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the RiverPark ETFs or to obtain a Prospectus, call (212) 484-2100. Please read the Prospectus carefully before investing.

Grail American Beacon Large Cap Value ETF, Grail McDonnell Intermediate Municipal Bond ETF, Grail McDonnell Core Taxable Bond ETF, RP Growth ETF, RP Focused Large Cap Growth ETF, RP Technology ETF and RP Financials ETF are distributed by ALPS Distributors, Inc.

ALPS Distributors, Inc. is not affiliated with the Sub-Advisors Brandywine Global Investment Management, LLC, Hotchkis and Wiley Capital Management, LLC, Metropolitan West Capital Management, LLC "MetWest", Wedgewood Partners, RiverPark Capital or McDonnell Investment Management, LLC.

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Actively Managed Exchange Traded Funds

Grail McDonnell Core Taxable Bond ETF