# EDGAR Filing Document

**Accession Number:** 0001516523
**File Stem:** 0002066578-25-001671
**Filing Date:** 2025-11
**Character Count:** 15104
**Document Hash:** 7b7c8fb5d272c30916dedb87f7100b79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001671.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002066578-25-001671

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisers Investment Trust
- **CENTRAL INDEX KEY:** 0001516523

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22538
- **FILM NUMBER:** 251508259

**BUSINESS ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (855) 351-4583

**MAIL ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### Independent Franchise Partners US Equity Fund (Series ID: S000032964)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000101704 | Independent Franchise Partners US Equity Fund | IFPUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisers Investment Trust

- **b. Investment Company Act file number:** 811-22538

- **c. CIK number of Registrant:** 0001516523

- **d. LEI of Registrant:** 549300BG52TB5QPLYE22

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

  - **Street Address 1:** 50 S. LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 312-557-4100

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

- **a. Name of Series:** Independent Franchise Partners US Equity Fund

- **b. EDGAR series identifier (if any):** S000032964

- **c. LEI of Series:** 549300CEKV4YBYWQON24

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1716352291.67

**Total Liabilities:** $965663.15

**Net Assets:** $1715386628.52

**Cash Not Reported:** $73176891.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000101704 | 1.95%                | 3.47%                | 1.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11451325.12             | $18761640.23                               |
| Month 2  | $25532793.30             | $28212335.62                               |
| Month 3  | $38294205.59             | $-14639247.16                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| eBay Inc.                         | eBay Inc. COM USD0.001                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    534994 | NS      | $48657704.30  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| The Estee Lauder Companies Inc.   | The Estee Lauder Companies Inc. COM USD0.01 CLASS A | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    572402 | NS      | $50440064.24  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                   | Fox Corporation COM USD0.01 CL B                    | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    350252 | NS      | $20065937.08  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                       | Corteva Inc COM USD0.01                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    811574 | NS      | $54886749.62  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.       | Warner Bros. Discovery Inc. COM SER A               | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   4528517 | NS      | $88441937.01  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                     | RB Global Inc COM                                   | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |    218630 | NS      | $23690746.80  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                  | Nintendo Co Ltd. NPV                                | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    429070 | NS      | $37152120.57  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.           | TKO Group Holdings Inc. CL A                        | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    176397 | NS      | $35625138.12  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                   | Solventum Corp. COM SHS                             | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    924417 | NS      | $67482441.00  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.  | Philip Morris International Inc. COM NPV            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    357780 | NS      | $58031916.00  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc.                       | Kenvue Inc. COM                                     | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   3250070 | NS      | $52748636.10  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC      | British American Tobacco PLC ORD GBP0.25            | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    989244 | NS      | $52512240.51  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC       | Reckitt Benckiser Group PLC ORD GBP0.10             | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    420983 | NS      | $32374174.77  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc       | Ryan Specialty Holdings Inc CL A                    | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    575309 | NS      | $32424415.24  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                   | Fox Corporation COM USD0.01 CL A                    | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |   1129919 | NS      | $71252692.14  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company      | Bristol-Myers Squibb Company COM USD0.10            | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   1693287 | NS      | $76367243.70  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.              | Electronic Arts Inc. COM USD0.01                    | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    188270 | NS      | $37974059.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                      | Gartner Inc. COM USD0.0005                          | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |    226230 | NS      | $59469080.10  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                 | Johnson & Johnson COM USD1.00                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    385347 | NS      | $71451040.74  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                      | Oracle Corp. COM USD0.01                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     78676 | NS      | $22126838.24  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc     | Intercontinental Exchange Inc COM USD0.01           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    355418 | NS      | $59880824.64  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                        | TransUnion COM USD0.01                              | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    414960 | NS      | $34765348.80  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                           | Aon PLC SHS CL A                                    | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    180804 | NS      | $64471090.32  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                  | News Corporation COM USD0.01 CL'B'                  | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    719248 | NS      | $24850018.40  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.   | Live Nation Entertainment, Inc. COM USD0.01         | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    400158 | NS      | $65385817.20  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corporation    | Warner Music Group Corporation COM CL A             | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2260685 | NS      | $76998931.10  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                        | Airbnb Inc COM CL A                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |    285333 | NS      | $34645132.86  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                      | Unilever PLC ORD GBP0.031111                        | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    428643 | NS      | $25444237.18  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.              | Otis Worldwide Corp. COM                            | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    379504 | NS      | $34698050.72  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                       | Novartis AG CHF0.49 (REGD)                          | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    365996 | NS      | $46031680.82  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                  | Zillow Group Inc COM USD0.0001 CLASS A              | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |    147109 | NS      | $10950793.96  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                  | Zillow Group Inc COM USD0.0001 CLASS C              | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |    952196 | NS      | $73366701.80  | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                  | News Corporation COM USD0.01 CL'A'                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |   2081918 | NS      | $63935701.78  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa | Compagnie Financiere Richemont Sa CHF1 (REGD)       | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    159240 | NS      | $30325713.21  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Advisers Investment Trust

**Signature:** Troy Sheets

**Name of Signer:** Troy Sheets

**Title:** Treasurer