Amendment to Global Custody Agreement (For Foreign and Domestic Securities)

Exhibit (g)(5)

Amendment to Global Custody Agreement (For Foreign and Domestic Securities)

This Amendment is dated September 7, 2018 (“Effective Date”) to the Global Custody Agreement (For Foreign and Domestic Securities), dated November 29, 2012, as amended (the “Agreement”), and is entered into by and between ALPS Series Trust, a Delaware statutory trust (the “Trust”), and MUFG Union Bank, National Association (f/k/a Union Bank, N.A.) (the “Custodian”).

WHEREAS, the Trust and the Custodian wish to amend the Agreement as set forth below.

NOW, THEREFORE, in consideration of the mutual covenants herein contained and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

1. As of the Effective Date, Schedule I of the Agreement is deleted in its entirety and replaced with a new Schedule I attached hereto.

2. Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect. Any items not herein defined shall have the meaning ascribed to them in the Agreement.

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amendment as of the date written above.

ALPS SERIES TRUST			MUFG Union Bank, N.A.
By:	/s/ Xxxxxx X. May		By:	/s/ Xxxxx Xxxxxxx
Name:	Xxxxxx X. May		Name:	Xxxxx Xxxxxxx
Title:	President		Title:	Vice President

Schedule I

to the

Custodian Agreement

by and between

ALPS Series Trust

and

MUFG Union Bank, N.A.

September 7, 2018

NAMES OF FUNDS

Clarkston Partners Fund

Clarkston Fund

Clarkston Founders Fund

Clarkston Select Fund

DDJ Opportunistic High Yield Fund

Insignia Macro Fund