# EDGAR Filing Document

**Accession Number:** 0000915802
**File Stem:** 0001752724-23-075831
**Filing Date:** 2023-3
**Character Count:** 55785
**Document Hash:** 5bbe741f35a088f77230fc259e6b9e0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075831.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075831

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FINANCIAL INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000915802
- **IRS NUMBER:** 841255767
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08194
- **FILM NUMBER:** 23785541

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 3036232577

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FGIC PUBLIC TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERAL PUBLIC TRUST
- **DATE OF NAME CHANGE:** 19931206

## Series and Classes Contracts Data

### Seafarer Overseas Growth and Income Fund (Series ID: S000035831)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000109812 | Investor      | SFGIX           |
| C000109813 | Institutional | SIGIX           |

## Nport-Ex

SEAFARER OVERSEAS GROWTH AND INCOME FUND

**PORTFOLIO OF INVESTMENTS**

***January 31, 2023 (Unaudited)***

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| **COMMON STOCKS (91.8%)** |  |  |  |
| ***Belgium (2.0%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev SA, ADR | USD | 700000 | $42203000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Belgium*** |  |  | 42203000 |
| ***Brazil (6.8%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambev SA, ADR | USD | 15500000 | 41230000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itau Unibanco Holding SA, ADR | USD | 8750000 | 43575000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Odontoprev SA | BRL | 10000000 | 22417903 |
| &nbsp;&nbsp;&nbsp;&nbsp;XP, Inc., Class A<sup>(a)</sup> | USD | 1819000 | 32414580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Brazil*** |  |  | 139637483 |
| ***China / Hong Kong (16.8%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding, Ltd.<sup>(a)</sup> | HKD | 5675000 | 78023697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Foods, Ltd. | HKD | 95314000 | 35518768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DFI Retail Group Holdings, Ltd. | USD | 10000000 | 32000260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Pacific Co., Ltd. | HKD | 73000000 | 25457576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jardine Matheson Holdings, Ltd. | USD | 853715 | 45379723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Basin Shipping, Ltd. | HKD | 113000000 | 39876506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pico Far East Holdings, Ltd. | HKD | 8132000 | 1599109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Want Want China Holdings, Ltd. | HKD | 62500000 | 40706274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Group, Ltd. | HKD | 44065000 | 27138075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xinhua Winshare Publishing and Media Co., Ltd., Class H | HKD | 30002000 | 21869723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total China / Hong Kong*** |  |  | 347569711 |
| ***Czech Republic (1.7%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moneta Money Bank AS | CZK | 9413000 | 34750786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Czech Republic*** |  |  | 34750786 |
| ***Hungary (3.8%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richter Gedeon Nyrt | HUF | 3500000 | 79034914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Hungary*** |  |  | 79034914 |
| ***India (4.0%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Computer Age Management Services, Ltd. | INR | 851397 | 23804310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L&T Technology Services, Ltd. | INR | 731000 | 30014063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronet LNG, Ltd. | INR | 11000000 | 29281526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total India*** |  |  | 83099899 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| ***Japan (3.6%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rohm Co., Ltd. | JPY | 925000 | $74121682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Japan*** |  |  | 74121682 |
| ***Mexico (5.0%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bolsa Mexicana de Valores SAB de CV | MXN | 10500000 | 22800510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Femsa SAB de CV, ADR | USD | 600000 | 45708000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wal-Mart de Mexico SAB de CV | MXN | 9017000 | 35219476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Mexico*** |  |  | 103727986 |
| ***Peru (1.4%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credicorp, Ltd. | USD | 213000 | 28605900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Peru*** |  |  | 28605900 |
| ***Poland (2.3%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CD Projekt SA | PLN | 1500000 | 48403212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Poland*** |  |  | 48403212 |
| ***Qatar (1.9%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qatar Gas Transport Co., Ltd. | QAR | 37613950 | 39367932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Qatar*** |  |  | 39367932 |
| ***Singapore (6.2%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Venture Corp., Ltd. | SGD | 6200000 | 87552443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilmar International, Ltd. | SGD | 12800000 | 39795500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Singapore*** |  |  | 127347943 |
| ***South Africa (3.4%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanlam, Ltd. | ZAR | 21500000 | 69566092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total South Africa*** |  |  | 69566092 |
| ***South Korea (20.1%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coway Co., Ltd. | KRW | 1130000 | 51243645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Mobis Co., Ltd. | KRW | 580000 | 96980156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innocean Worldwide, Inc. | KRW | 629253 | 22924436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAVER Corp. | KRW | 240000 | 39870161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orion Corp. | KRW | 85000 | 8603785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Samsung Biologics Co., Ltd.<sup>(a)</sup> | KRW | 140000 | 90395245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung C&T Corp. | KRW | 245000 | 23662454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics Co., Ltd. | KRW | 525000 | 26150383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung SDI Co., Ltd. | KRW | 98000 | 54919414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total South Korea*** |  |  | 414749679 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| ***Taiwan (2.3%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accton Technology Corp. | TWD | 5750000 | $46990601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Taiwan*** |  |  | 46990601 |
| ***Thailand (3.1%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bangkok Dusit Medical Services PCL, Class F | THB | 44000000 | 39782900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siam Cement PCL | THB | 2300000 | 23467635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Thailand*** |  |  | 63250535 |
| ***United Arab Emirates (3.7%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emaar Properties PJSC | AED | 26276000 | 39926822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Central Cooling Co. PJSC | AED | 48197777 | 35428929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total United Arab Emirates*** |  |  | 75355751 |
| ***United Kingdom (1.9%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mondi PLC | GBP | 2069000 | 39016838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total United Kingdom*** |  |  | 39016838 |
| ***Vietnam (1.8%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PetroVietnam Gas JSC | VND | 8000000 | 36420549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Vietnam*** |  |  | 36420549 |
| **TOTAL COMMON STOCKS** |  |  |  |
| **(Cost $1,854,667,271)** |  |  | 1893220493 |
| **PREFERRED STOCKS (4.1%)** |  |  |  |
| ***South Korea (4.1%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics Co., Ltd. | KRW | 1900000 | 85260776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total South Korea*** |  |  | 85260776 |
| **TOTAL PREFERRED STOCKS** |  |  |  |
| **(Cost $70,288,498)** |  |  | 85260776 |
| **TOTAL INVESTMENTS** |  |  |  |
| **(Cost $1,924,955,769) (95.9%)** |  |  | $1978481269 |
| **Cash and Other Assets, Less Liabilities (4.1%)** |  |  | 84948889 |
| **NET ASSETS (100.0%)** |  |  | $2063430158 |

---

*Principal Amount is stated in local currency unless otherwise noted.*

*<sup>(a)</sup>* *Non-income producing security.*

---

| | | |
|:---|:---|:---|
| *ADR American Depositary Receipt* | *ADR American Depositary Receipt* | *ADR American Depositary Receipt* |
| ***Currency Abbreviations*** | ***Currency Abbreviations*** | ***Currency Abbreviations*** |
| *AED* | *-* | *United Arab Emirates Dirham* |
| *BRL* | *-* | *Brazil Real* |
| *CZK* | *-* | *Czech Republic Koruna* |
| *HKD* | *-* | *Hong Kong Dollar* |
| *HUF* | *-* | *Hungary Forint* |
| *GBP* | *-* | *United Kingdom Pound* |
| *JPY* | *-* | *Japan Yen* |
| *KRW* | *-* | *South Korea Won* |
| *MXN* | *-* | *Mexico Peso* |
| *QAR* | *-* | *Qatar Riyal* |
| *PLN* | *-* | *Poland Zloty* |
| *SGD* | *-* | *Singapore Dollar* |
| *THB* | *-* | *Thailand Baht* |
| *TWD* | *-* | *Taiwan New Dollar* |
| *USD* | *-* | *United States Dollar* |
| *VND* | *-* | *Vietnam Dong* |
| *ZAR* | *-* | *South Africa Rand* |

---

 

*For Fund compliance purposes, the Fund's geographical classifications refer to any one or more of the sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Geographical regions are shown as a percentage of net assets.*

 

*See Notes to Quarterly Portfolio of Investments.*

---

| | |
|:---|:---|
| **Industry Composition** *(Unaudited)* | **Industry Composition** *(Unaudited)* |
| Beverages | 7.9% |
| Electronic Equipment, Instruments & Components | 7.0% |
| Food Products | 6.8% |
| Technology Hardware, Storage & Peripherals | 5.4% |
| Banks | 5.2% |
| Auto Components | 4.7% |
| Life Sciences Tools & Services | 4.4% |
| Internet & Direct Marketing Retail | 3.8% |
| Pharmaceuticals | 3.8% |
| Semiconductors & Semiconductor Equipment | 3.6% |
| Insurance | 3.4% |
| Industrial Conglomerates | 3.3% |
| Oil, Gas & Consumable Fuels | 3.3% |
| Food & Staples Retailing | 3.2% |
| Health Care Providers & Services | 3.0% |
| Capital Markets | 2.7% |
| Household Durables | 2.5% |
| Communications Equipment | 2.3% |
| Entertainment | 2.3% |
| Real Estate Management & Development | 2.0% |
| Marine | 1.9% |
| Paper & Forest Products | 1.9% |
| Interactive Media & Services | 1.9% |
| Gas Utilities | 1.8% |
| Water Utilities | 1.7% |
| Professional Services | 1.5% |
| Media | 1.2% |
| Construction Materials | 1.2% |
| IT Services | 1.1% |
| Distributors | 1.1% |
| Cash and Other Assets, Less Liabilities | 4.1% |
| **Total** | **100.0%** |

---

SEAFARER OVERSEAS VALUE FUND

**PORTFOLIO OF INVESTMENTS**

***January 31, 2023 (Unaudited)***

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| **COMMON STOCKS (91.5%)** |  |  |  |
| ***Belgium (2.6%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev SA, ADR | USD | 32000 | $1929280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Belgium*** |  |  | 1929280 |
| ***Brazil (9.7%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ambev SA, ADR | USD | 539000 | 1433740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itau Unibanco Holding SA, ADR | USD | 344000 | 1713120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Odontoprev SA | BRL | 760000 | 1703761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XP, Inc., Class A | USD | 126000 | 2245320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Brazil*** |  |  | 7095941 |
| ***China / Hong Kong (32.5%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Foods, Ltd. | HKD | 5603000 | 2087958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Yangtze Power Co., Ltd., Class A | CNY | 661990 | 2038929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DFI Retail Group Holdings, Ltd. | USD | 619000 | 1980816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Pacific Co., Ltd. | HKD | 5190000 | 1809929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Giordano International, Ltd. | HKD | 5200000 | 1365883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greatview Aseptic Packaging Co., Ltd. | HKD | 1953000 | 533976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jardine Matheson Holdings, Ltd. | USD | 31160 | 1656328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melco International Development, Ltd. | HKD | 2304000 | 2998423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Basin Shipping, Ltd. | HKD | 6311000 | 2227085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pico Far East Holdings, Ltd. | HKD | 5538000 | 1089014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shangri-La Asia, Ltd. | HKD | 2772000 | 2420258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Want Want China Holdings, Ltd. | HKD | 2367000 | 1541628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Group, Ltd. | HKD | 3395000 | 2090861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total China / Hong Kong*** |  |  | 23841088 |
| ***Czech Republic (2.7%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moneta Money Bank AS | CZK | 534000 | 1971414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Czech Republic*** |  |  | 1971414 |
| ***Georgia (3.5%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Georgia Group PLC | GBP | 20000 | 658341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Georgia Capital PLC | GBP | 203174 | 1916192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Georgia*** |  |  | 2574533 |
| ***India (2.3%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronet LNG, Ltd. | INR | 630000 | 1677033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total India*** |  |  | 1677033 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| ***Mexico (2.3%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Femsa SAB de CV, ADR | USD | 22000 | $1675960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Mexico*** |  |  | 1675960 |
| ***Peru (2.2%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credicorp, Ltd. | USD | 12200 | 1638460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Peru*** |  |  | 1638460 |
| ***Qatar (2.7%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qatar Gas Transport Co., Ltd. | QAR | 1860000 | 1946734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Qatar*** |  |  | 1946734 |
| ***Russia (0.0%)<sup>(a)</sup>*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Ports Investments PLC, GDR<sup>(b)</sup> | USD | 100000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Russia*** |  |  | 1000 |
| ***Singapore (7.6%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genting Singapore, Ltd. | SGD | 2770000 | 2097886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HRnetgroup, Ltd. | SGD | 2823000 | 1742699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilmar International, Ltd. | SGD | 559000 | 1737944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Singapore*** |  |  | 5578529 |
| ***South Korea (8.4%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innocean Worldwide, Inc. | KRW | 56178 | 2046631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung C&T Corp. | KRW | 18500 | 1786757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung SDI Co., Ltd. | KRW | 4200 | 2353689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total South Korea*** |  |  | 6187077 |
| ***Thailand (2.5%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siam Cement PCL | THB | 179000 | 1826394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Thailand*** |  |  | 1826394 |
| ***United Arab Emirates (4.9%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emaar Properties PJSC | AED | 1174000 | 1783913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Central Cooling Co. PJSC | AED | 2481137 | 1823819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total United Arab Emirates*** |  |  | 3607732 |
| ***United Kingdom (2.6%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mondi PLC | GBP | 102000 | 1923498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total United Kingdom*** |  |  | 1923498 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Currency** | **Shares** | **Value** |
| ***Vietnam (5.0%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petrovietnam Fertilizer & Chemicals JSC | VND | 860000 | $1605989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PetroVietnam Technical Services Corp. | VND | 1873080 | 2045030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total Vietnam*** |  |  | 3651019 |
| **TOTAL COMMON STOCKS** |  |  |  |
| **(Cost $60,940,361)** |  |  | 67125692 |
| **PREFERRED STOCKS (0.2%)** |  |  |  |
| ***South Korea (0.2%)*** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung C&T Corp. | KRW | 1800 | 155611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***Total South Korea*** |  |  | 155611 |
| **TOTAL PREFERRED STOCKS** |  |  |  |
| **(Cost $184,192)** |  |  | 155611 |
| **TOTAL INVESTMENTS** |  |  |  |
| **(Cost $61,124,553) (91.7%)** |  |  | $67281303 |
| **Cash and Other Assets, Less Liabilities (8.3%)** |  |  | 6078197 |
| **NET ASSETS (100.0%)** |  |  | $73359500 |

---

*<sup>(a)</sup>* *Less than 0.05%.*

*<sup>(b)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, this investment has been classified as a Level 3 security.*

---

| | | |
|:---|:---|:---|
| *ADR American Depositary Receipt* | *ADR American Depositary Receipt* | *ADR American Depositary Receipt* |
| *GDR Global Depository Receipt* | *GDR Global Depository Receipt* | *GDR Global Depository Receipt* |
| ***Currency Abbreviations*** | ***Currency Abbreviations*** | ***Currency Abbreviations*** |
| *AED* | *-* | *United Arab Emirates Dirham* |
| *BRL* | *-* | *Brazil Real* |
| *CNY* | *-* | *China Yuan* |
| *CZK* | *-* | *Czech Republic Koruna* |
| *GBP* | *-* | *United Kingdom Pound* |
| *HKD* | *-* | *Hong Kong Dollar* |
| *KRW* | *-* | *South Korea Won* |
| *QAR* | *-* | *Qatar Riyal* |
| *SGD* | *-* | *Singapore Dollar* |
| *THB* | *-* | *Thailand Baht* |
| *USD* | *-* | *United States Dollar* |
| *VND* | *-* | *Vietnam Dong* |

---

 

*For Fund compliance purposes, the Fund's geographical classifications refer to any one or more of the sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Geographical regions are shown as a percentage of net assets.* 

 

*See Notes to Quarterly Portfolio of Investments.*

---

| | |
|:---|:---|
| **Industry Composition** *(Unaudited)* | **Industry Composition** *(Unaudited)* |
| Hotels, Restaurants & Leisure | 10.2% |
| Food Products | 9.8% |
| Beverages | 9.7% |
| Banks | 8.1% |
| Capital Markets | 5.7% |
| Oil, Gas & Consumable Fuels | 5.0% |
| Industrial Conglomerates | 4.9% |
| Media | 4.3% |
| Electronic Equipment, Instruments & Components | 3.2% |
| Marine | 3.0% |
| Energy Equipment & Services | 2.8% |
| Independent Power and Renewable Electricity Producers | 2.8% |
| Food & Staples Retailing | 2.7% |
| Paper & Forest Products | 2.6% |
| Water Utilities | 2.5% |
| Construction Materials | 2.5% |
| Professional Services | 2.4% |
| Real Estate Management & Development | 2.4% |
| Health Care Providers & Services | 2.3% |
| Chemicals | 2.2% |
| Specialty Retail | 1.9% |
| Other Industries (each less than 1%) | 0.7% |
| Cash and Other Assets, Less Liabilities | 8.3% |
| **Total** | **100.0%** |

---

Seafarer Funds Notes to Quarterly Portfolio of Investments

*January 31, 2023 (Unaudited)*

 

**1. Organization** 

Financial Investors Trust (the "Trust"), a Delaware statutory trust, is an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"). The Trust consists of multiple separate portfolios or series. This quarterly report describes the Seafarer Overseas Growth and Income Fund and the Seafarer Overseas Value Fund (individually a "Fund" and collectively, the "Funds"). The Seafarer Overseas Growth and Income Fund seeks to provide long-term capital appreciation along with some current income; it also seeks to mitigate adverse volatility in returns as a secondary objective. The Seafarer Overseas Value Fund seeks to provide long-term capital appreciation. The Funds each offer Investor Class and Institutional Class shares.

**2. Significant Accounting Policies** 

The accompanying financial statements were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. The Funds are considered an investment company for financial reporting purposes under U.S. GAAP and follow the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946. The following is a summary of significant accounting policies consistently followed by the Funds in preparation of their financial statements.

**Investment Valuation**

Each Fund generally values its securities based on market prices determined at the close of regular trading on the New York Stock Exchange ("NYSE"), normally 4:00 p.m. Eastern Time, on each day the NYSE is open for trading.

For equity securities and exchange traded funds, the market price is usually the closing sale or official closing price on that exchange. In the case of equity securities not traded on an exchange, or if such closing prices are not otherwise available, the securities are valued at the mean of the most recent bid and ask prices on such day. Redeemable securities issued by open-end registered investment companies are valued at the investment company's applicable net asset value, with the exception of exchange-traded open-end investment companies, which are priced as equity securities.

Equity securities that are primarily traded on foreign securities exchanges are valued at the closing values of such securities on their respective foreign exchanges, except when an event occurs subsequent to the close of the foreign exchange but before the close of the NYSE, such that the securities' value would likely change. In such an event, the fair values of those securities are determined in good faith through consideration of other factors in accordance with procedures established by and under the general supervision of the Board of Trustees of the Trust (the "Board" or the "Trustees"). Each Fund uses a fair valuation model provided by an independent pricing service, which is intended to reflect fair value when a security's value or a meaningful portion of the Fund's portfolio is believed to have been materially affected by a valuation event that has occurred between the close of the exchange or market on which the security is traded and the close of the regular trading day on the NYSE.

The market price for debt obligations is generally the price supplied by an independent third-party pricing service approved by the Board, which may use a matrix, formula or other objective method that takes into consideration quotations from dealers, market transactions in comparable investments, market indices and yield curves. If vendors are unable to supply a price, or if the price supplied is deemed to be unreliable, the market price may be determined using quotations received from one or more broker-dealers that make a market in the security. Corporate bonds and convertible bonds are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Publicly traded foreign government debt securities and foreign corporate bonds are typically traded internationally in the over-the-counter market and are valued at the mean between the bid and asked prices as of the close of business of that market.

Seafarer Funds Notes to Quarterly Portfolio of Investments

*January 31, 2023 (Unaudited)*

Forward currency exchange contracts have a market value determined by the prevailing foreign currency exchange daily rates and current foreign currency exchange forward rates. The foreign currency exchange forward rates are calculated using an automated system that estimates rates on the basis of the current day foreign currency exchange rates and forward foreign currency exchange rates supplied by a pricing service.

When such prices or quotations are not available, or when the Trust's Valuation Committee believes that they are unreliable, securities may be priced using fair value procedures approved by the Board.

Certain foreign countries impose a tax on capital gains which is accrued by each Fund based on unrealized appreciation, if any, on affected securities. The tax is paid when the gain is realized.

**Fair Value Measurements**

Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Such inputs are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability, which are developed based on the information available and the reporting entity's best efforts to interpret such information.

Various inputs are used in determining the value of the Funds' investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments. These inputs are categorized in the following hierarchy under applicable financial accounting standards:

---

| | |
|:---|:---|
| Level 1 – | Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date; |
| Level 2 – | Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and |
| Level 3 – | Significant unobservable prices or inputs (including the Funds' own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. |

---

Seafarer Funds Notes to Quarterly Portfolio of Investments

*January 31, 2023 (Unaudited)*

The following is a summary of the inputs used to value each Fund as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value<sup>(a)</sup>** | **Level 1 - <br> Quoted Prices** | **Level 2 - <br> Other Significant Observable Inputs** | **Level 3 - <br> Significant Unobservable Inputs** | **Total** |
| **Seafarer Overseas Growth and Income Fund** | **Seafarer Overseas Growth and Income Fund** | **Seafarer Overseas Growth and Income Fund** | **Seafarer Overseas Growth and Income Fund** | **Seafarer Overseas Growth and Income Fund** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| &nbsp;&nbsp;&nbsp;&nbsp;Belgium | $42203000 | $– | $– | $42203000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | 139637483 |  |  | 139637483 |
| &nbsp;&nbsp;&nbsp;&nbsp;China / Hong Kong |  | 347569711 |  | 347569711 |
| &nbsp;&nbsp;&nbsp;&nbsp;Czech Republic |  | 34750786 |  | 34750786 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hungary |  | 79034914 |  | 79034914 |
| &nbsp;&nbsp;&nbsp;&nbsp;India |  | 83099899 |  | 83099899 |
| &nbsp;&nbsp;&nbsp;&nbsp;Japan |  | 74121682 |  | 74121682 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 103727986 |  |  | 103727986 |
| &nbsp;&nbsp;&nbsp;&nbsp;Peru | 28605900 |  |  | 28605900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Poland |  | 48403212 |  | 48403212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Qatar |  | 39367932 |  | 39367932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore |  | 127347943 |  | 127347943 |
| &nbsp;&nbsp;&nbsp;&nbsp;South Africa | 69566092 |  |  | 69566092 |
| &nbsp;&nbsp;&nbsp;&nbsp;South Korea |  | 414749679 |  | 414749679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan |  | 46990601 |  | 46990601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Thailand |  | 63250535 |  | 63250535 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | 35428929 | 39926822 |  | 75355751 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom |  | 39016838 |  | 39016838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vietnam |  | 36420549 |  | 36420549 |
| Preferred Stocks | – | 85260776 | – | 85260776 |
| Total | $419169390 | $1559311879 | $– | $1978481269 |

---

Seafarer Funds Notes to Quarterly Portfolio of Investments

*January 31, 2023 (Unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value<sup>(a)</sup>** | **Level 1 - <br> Quoted Prices** | **Level 2 - <br> Other Significant Observable Inputs** | **Level 3 - <br> Significant Unobservable Inputs** | **Total** |
| **Seafarer Overseas Value Fund** | **Seafarer Overseas Value Fund** | **Seafarer Overseas Value Fund** | **Seafarer Overseas Value Fund** | **Seafarer Overseas Value Fund** |
| Common Stocks | Common Stocks | Common Stocks | Common Stocks | Common Stocks |
| &nbsp;&nbsp;&nbsp;&nbsp;Belgium | $1929280 | $– | $– | $1929280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | 7095941 |  |  | 7095941 |
| &nbsp;&nbsp;&nbsp;&nbsp;China / Hong Kong |  | 23841088 |  | 23841088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Czech Republic |  | 1971414 |  | 1971414 |
| &nbsp;&nbsp;&nbsp;&nbsp;Georgia | 1916192 | 658341 |  | 2574533 |
| &nbsp;&nbsp;&nbsp;&nbsp;India |  | 1677033 |  | 1677033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 1675960 |  |  | 1675960 |
| &nbsp;&nbsp;&nbsp;&nbsp;Peru | 1638460 |  |  | 1638460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Qatar |  | 1946734 |  | 1946734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Russia |  |  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore |  | 5578529 |  | 5578529 |
| &nbsp;&nbsp;&nbsp;&nbsp;South Korea |  | 6187077 |  | 6187077 |
| &nbsp;&nbsp;&nbsp;&nbsp;Thailand |  | 1826394 |  | 1826394 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | 1823819 | 1783913 |  | 3607732 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom |  | 1923498 |  | 1923498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vietnam | 2045030 | 1605989 |  | 3651019 |
| Preferred Stocks | – | 155611 | – | 155611 |
| Total | $18124682 | $49155621 | $1000 | $67281303 |

---

*<sup>(a)</sup>* *For detailed descriptions of securities by country, see the accompanying Portfolio of Investments.*

For the three months ended January 31, 2023, the Seafarer Overseas Growth and Income Fund did not have any securities that used significant unobservable inputs (Level 3) in determining fair value.

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining fair value for the Seafarer Overseas Value Fund:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Asset Type** | **Balance as of October 31, 2022** | **Accrued Discount/ Premium** | **Return of Capital** | **Realized**<br> **Gain/(Loss)** | **Change in Unrealized Appreciation/ (Depreciation)** | **Purchases** | **Sales Proceeds** | **Transfer into Level 3** | **Transfer**<br> **Out of Level 3** | **Balance as of January 31, 2023** | **Net change in unrealized appreciation/ (depreciation) included in the Statements of Operations attributable to Level 3 investments held at January 31, 2023** |
| &nbsp;&nbsp;&nbsp;Common Stocks | $1000 | $– | $– | $– | $– | $– | $– | $– | $– | $1000 | $– |
| **Total** | $1000 | $– | $– | $– | $– | $– | $– | $– | $– | $1000 | $– |

---

Seafarer Funds Notes to Quarterly Portfolio of Investments

*January 31, 2023 (Unaudited)*

**Investment Transactions and Investment Income**

Investment transactions are accounted for on the date the investments are purchased or sold (trade date). Realized gains and losses from investment transactions are reported on an identified cost basis. Interest income, which includes accretion of discounts and amortization of premiums, is accrued and recorded as earned. Dividend income is recognized on the ex-dividend date or for certain foreign securities, as soon as information is available to the Funds. All of the realized and unrealized gains and losses and net investment income are allocated daily to each share class in proportion to its average daily net assets.

**Foreign Securities**

The Funds may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the inability to repatriate foreign currency, less complete financial information about companies, and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

**Foreign Currency Translation**

The books and records of the Funds are maintained in U.S. dollars. Investment valuations and other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Prevailing foreign exchange rates may generally be obtained at the close of the NYSE (normally, 4:00 p.m. Eastern Time). The portion of realized and unrealized gains or losses on investments due to fluctuations in foreign currency exchange rates is not separately disclosed and is included in realized and unrealized gains or losses on investments, when applicable.

**Foreign Currency Spot Contracts**

Each Fund may enter into foreign currency spot contracts to facilitate transactions in foreign securities or to convert foreign currency receipts into U.S. dollars. A foreign currency spot contract is an agreement between two parties to buy and sell currencies at the current market rate, for settlement generally within two business days. The U.S. dollar value of a contract is determined using current currency exchange rates supplied by a pricing service. The contract is marked-to-market daily for settlements beyond one day and any change in market value is recorded as an unrealized gain or loss. When the contract is closed, the Fund records a realized gain or loss equal to the difference between the value on the open and close date. Losses may arise from changes in the value of the foreign currency, or if the counterparties do not perform under the contract's terms. The maximum potential loss from such contracts is the aggregate face value in U.S. dollars at the time the contract was opened.

**Epidemic and Pandemic Risk**

Certain countries have been susceptible to epidemics, most recently Covid-19, which has been designated as a pandemic by world health authorities. The outbreak of such epidemics, together with any resulting restrictions on travel or quarantines imposed, could have a negative impact on the economy and business activity globally (including in the countries in which the Funds invest), and thereby could adversely affect the performance of the Funds' investments. Furthermore, the rapid development of epidemics could preclude prediction as to their ultimate adverse impact on economic and market conditions, and, as a result, presents material uncertainty and risk with respect to the performance of the Funds' investments.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FINANCIAL INVESTORS TRUST

- **b. Investment Company Act file number:** 811-08194

- **c. CIK number of Registrant:** 0000915802

- **d. LEI of Registrant:** 549300XD6LCPI5YWPZ35

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

**Item A.2. Information about the Series.**

- **a. Name of Series:** Seafarer Overseas Growth and Income Fund

- **b. EDGAR series identifier (if any):** S000035831

- **c. LEI of Series:** 254900GLVNAU8SACPS56

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2065462451.41

**Total Liabilities:** $4340757.03

**Net Assets:** $2061121694.38

**Cash Not Reported:** $81055772.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109812 | 10.23%               | -3.07%               | 6.74%                |
| Class ID C000109813 | 10.36%               | -3.06%               | 6.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35849464.18            | $217521578.27                              |
| Month 2  | $-12120331.05            | $-50785943.36                              |
| Month 3  | $331742.39               | $129672783.55                              |

### Schedule of Portfolio Investments

| Name                                        | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| National Central Cooling Co Pjsc            | National Central Cooling Co. PJSC              | CUSIP: N/A<br>LEI: 254900E7M1Y3DXGQ1283       | Long             | EC               | CORP              | AE        |  48197777 | NS      | $35428928.67  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd                    | Wilmar International, Ltd.                     | CUSIP: Y9586L109<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |  12800000 | NS      | $39795500.08  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&t Corp                            | Samsung C&T Corp.                              | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |    225000 | NS      | $21730824.95  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Innocean Worldwide Inc                      | Innocean Worldwide, Inc.                       | CUSIP: N/A<br>LEI: 9884004U41HRH3VEBX04       | Long             | EC               | CORP              | KR        |    617864 | NS      | $22509520.82  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt                         | Richter Gedeon Nyrt                            | CUSIP: X3124S107<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |   3500000 | NS      | $79034913.71  | 3.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana De Valores Sab De Cv         | Bolsa Mexicana de Valores SAB de CV            | CUSIP: N/A<br>LEI: 894500CS2D6RLGW61A19       | Long             | EC               | CORP              | MX        |  10500000 | NS      | $22800509.81  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Want Want China Holdings Ltd                | Want Want China Holdings, Ltd.                 | CUSIP: G9431R103<br>LEI: 5299005HZCEKX4O1J230 | Long             | EC               | CORP              | KY        |  62500000 | NS      | $40706273.95  | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                    | Samsung Biologics Co., Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    140000 | NS      | $90395245.53  | 4.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi Plc                                   | Mondi PLC                                      | CUSIP: G6258S107<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |   2069000 | NS      | $39016838.41  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding Sa                    | Itau Unibanco Holding SA                       | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |   8750000 | NS      | $43575000.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wh Group Ltd                                | WH Group, Ltd.                                 | CUSIP: G96007102<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | KY        |  44065000 | NS      | $27138075.24  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                               | Credicorp, Ltd.                                | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |    213000 | NS      | $28605900.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Naver Corp                                  | NAVER Corp.                                    | CUSIP: Y62579100<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |    240000 | NS      | $39870160.89  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd               | Jardine Matheson Holdings, Ltd.                | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |    853715 | NS      | $45379722.81  | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Basin Shipping Ltd                  | Pacific Basin Shipping, Ltd.                   | CUSIP: G68437139<br>LEI: 254900LNPK737X4Y3V26 | Long             | EC               | CORP              | BM        | 113000000 | NS      | $39876506.25  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| China Foods Ltd                             | China Foods, Ltd.                              | CUSIP: N/A<br>LEI: 529900SKC2U9O25M2019       | Long             | EC               | CORP              | BM        |  95314000 | NS      | $35518767.60  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corp Ltd                            | Venture Corp., Ltd.                            | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |   6200000 | NS      | $87552442.53  | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding, Ltd.                    | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   5900000 | NS      | $81117147.15  | 3.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-busch Inbev Sa/nv                  | Anheuser-Busch InBev SA                        | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |    700000 | NS      | $42203000.00  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties Pjsc                       | Emaar Properties PJSC                          | CUSIP: B01RM2901<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |  26276000 | NS      | $39926822.31  | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Petrovietnam Gas Jsc                        | PetroVietnam Gas JSC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VN        |   8000000 | NS      | $36420549.30  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Cement Pcl/the                         | Siam Cement PCL                                | CUSIP: N/A<br>LEI: 529900SEH9QK8ZZDCQ89       | Long             | EC               | CORP              | TH        |   2300000 | NS      | $23467634.66  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Xinhua Winshare Publishing And Media Co Ltd | Xinhua Winshare Publishing and Media Co., Ltd. | CUSIP: Y9725X105<br>LEI: 529900GRONU6MXRSA398 | Long             | EC               | CORP              | CN        |  30002000 | NS      | $21869723.38  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Sdi Co Ltd                          | Samsung SDI Co., Ltd.                          | CUSIP: 677164907<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     98000 | NS      | $54919413.77  | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Xp Inc                                      | XP, Inc.                                       | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |   1819000 | NS      | $32414580.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet Lng Ltd                            | Petronet LNG, Ltd.                             | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |  11000000 | NS      | $29281525.85  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Dusit Medical Services Pcl          | Bangkok Dusit Medical Services PCL             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |  44000000 | NS      | $39782900.58  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Rohm Co Ltd                                 | Rohm Co., Ltd.                                 | CUSIP: N/A<br>LEI: 5493009V2FGDEP7JFE59       | Long             | EC               | CORP              | JP        |    925000 | NS      | $74121681.53  | 3.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co Ltd                        | Hyundai Mobis Co., Ltd.                        | CUSIP: Y3849A109<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |    580000 | NS      | $96980155.91  | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Corp/republic Of Korea                | Orion Corp.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     85000 | NS      | $8603785.56   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| L&t Technology Services Ltd                 | L&T Technology Services, Ltd.                  | CUSIP: N/A<br>LEI: 335800OITXHL9VYVRC58       | Long             | EC               | CORP              | IN        |    731000 | NS      | $30014063.58  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-mart De Mexico Sab De Cv                | Wal-Mart de Mexico SAB de CV                   | CUSIP: BW1YVH903<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   9017000 | NS      | $35219476.38  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Odontoprev Sa                               | Odontoprev SA                                  | CUSIP: P7344M104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  10000000 | NS      | $22417902.80  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dfi Retail Group Holdings Ltd               | DFI Retail Group Holdings, Ltd.                | CUSIP: G2624N153<br>LEI: 213800NOTG41PZVNNX48 | Long             | EC               | CORP              | BM        |  10000000 | NS      | $32000260.00  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd                                | Coway Co., Ltd.                                | CUSIP: Y1786S109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |   1130000 | NS      | $51243644.88  | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Cd Projekt Sa                               | CD Projekt SA                                  | CUSIP: N/A<br>LEI: 259400TYO5Q8SH8TL437       | Long             | EC               | CORP              | PL        |   1500000 | NS      | $48403211.79  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Moneta Money Bank As                        | Moneta Money Bank AS                           | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |   9221612 | NS      | $34044221.87  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-cola Femsa Sab De Cv                   | Coca-Cola Femsa SAB de CV                      | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |    600000 | NS      | $45708000.00  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co., Ltd.                  | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |   1900000 | NS      | $85260776.30  | 4.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co., Ltd.                  | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    525000 | NS      | $26150383.19  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev Sa                                    | Ambev SA                                       | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |  15500000 | NS      | $41230000.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd                                  | Sanlam, Ltd.                                   | CUSIP: S7302C137<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |  21500000 | NS      | $69566091.95  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                      | Accton Technology Corp.                        | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |   5750000 | NS      | $46990601.19  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Pico Far East Holdings Ltd                  | Pico Far East Holdings, Ltd.                   | CUSIP: G7082H127<br>LEI: 254900NL3DXVIEY4HJ17 | Long             | EC               | CORP              | KY        |   9392000 | NS      | $1846880.33   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Gas Transport Co Ltd                  | Qatar Gas Transport Co., Ltd.                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | QA        |  37613950 | NS      | $39367931.84  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| First Pacific Co Ltd                        | First Pacific Co., Ltd.                        | CUSIP: G34804107<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               | CORP              | BM        |  73000000 | NS      | $25457576.38  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Computer Age Management Services Ltd        | Computer Age Management Services, Ltd.         | CUSIP: N/A<br>LEI: 33580012MDHMBHWN5Z06       | Long             | EC               | CORP              | IN        |    851397 | NS      | $23804309.72  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** FINANCIAL INVESTORS TRUST

**Signature:** Jennell Panella

**Name of Signer:** Jennell Panella

**Title:** Treasurer