Form NPORT-P FINANCIAL INVESTORS TRUS For: Jul 31

  
    NPORT-P
    false
    
      
      
        
          0000915802
          XXXXXXXX
        
      
      
      
        S000026776
        C000080470
        C000200956
        C000080472
        C000080471
      
      
    
  
  
    
      FINANCIAL INVESTORS TRUST
      811-08194
      0000915802
      549300XD6LCPI5YWPZ35
      1290 BROADWAY SUITE 1000
      DENVER
      
      80203
      3036232577
      Clough China Fund
      S000026776
      549300P0GIF2342CX685
      2021-10-31
      2021-07-31
      N
    
    
      45289391.02
      5755040.70
      39534350.32
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      12820.24000000
      N
      
        
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Lam Research Corp
        549300I4GMO6D34U1T02
        
        512807108
        
          
        
        355.00000000
        NS
        USD
        226280.55000000
        0.572364407580
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lifestyle International Holdings Ltd
        N/A
        
        N/A
        
          
        
        479500.00000000
        NS
        
        342166.41000000
        0.865491420069
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        190168.67000000
        0.481021361071
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                BOE Technology Group Co Ltd
                Boe Technology Group Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            238156.26000000
            USD
            -47987.59000000
          
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        591511.39000000
        1.496196055359
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Wuliangye Yibin Co Ltd
                Wuliangye Yibin Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            612764.02000000
            USD
            -21252.63000000
          
        
        
          N
          N
          N
        
      
      
        Hong Kong Exchanges & Clearing Ltd
        213800YTVSXYQN17BW16
        
        626735906
        
          
        
        15400.00000000
        NS
        
        984209.24000000
        2.489504018742
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        N/A
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        888185.03000000
        2.246615975248
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              N/A
            
            
              
                Shenzhen Inovance Technology Co., Ltd.
                Shenzhen Inovance Technology Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            699368.04000000
            USD
            188816.99000000
          
        
        
          N
          N
          N
        
      
      
        Sands China Ltd
        549300EVO6UZDGY05787
        
        G7800X107
        
          
        
        88000.00000000
        NS
        
        299732.65000000
        0.758157520166
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Kwg Group Holdings Ltd
        549300LK82ZOM9ZE7H90
        
        G53224104
        
          
        
        321728.00000000
        NS
        
        353093.04000000
        0.893129739434
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Samsonite International Sa
        549300UULS5HYFJSEL12
        
        N/A
        
          
        
        145900.00000000
        NS
        
        271563.53000000
        0.686905255308
        Long
        EC
        CORP
        LU
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Yum China Holdings Inc
        529900DO9BYZ7VA3K502
        
        N/A
        
          
        
        7500.00000000
        NS
        
        459592.52000000
        1.162514411593
        Long
        EC
        CORP
        US
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Anta Sports Products Ltd
        529900291XG0CTK4LF95
        
        G04011105
        
          
        
        29000.00000000
        NS
        
        631369.74000000
        1.597015595019
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Mediatek Inc
        254900UEGBK1I4DM4E14
        
        N/A
        
          
        
        11000.00000000
        NS
        
        359676.32000000
        0.909781789984
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Modern Dental Group Ltd
        529900XE24B45NN0S512
        
        N/A
        
          
        
        523000.00000000
        NS
        
        452755.54000000
        1.145220640620
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Baidu Inc
        254900AL64IANZYI1E02
        
        056752108
        
          
        
        2700.00000000
        NS
        USD
        442827.00000000
        1.120106935906
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zai Lab Ltd
        549300P2UYQ9U5LY1T58
        
        98887Q104
        
          
        
        1030.00000000
        NS
        USD
        148948.30000000
        0.376756665518
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        301943.53000000
        0.763749821499
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Ping  AN Bank Co Ltd
                Ping An Bank Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            415317.36000000
            USD
            -113373.83000000
          
        
        
          N
          N
          N
        
      
      
        Sea Ltd
        529900OM6JLLW44YKI15
        
        81141R100
        
          
        
        3070.00000000
        NS
        USD
        847811.20000000
        2.144492556821
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Chinasoft International Ltd
        N/A
        
        N/A
        
          
        
        262000.00000000
        NS
        
        469771.13000000
        1.188260654842
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Tencent Holdings Ltd
        254900N4SLUMW4XUYY11
        
        G87572163
        
          
        
        70600.00000000
        NS
        
        4257755.20000000
        10.76976139872
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        266804.83000000
        0.674868381143
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Goertek, Inc
                Goetrek, Inc.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            275793.44000000
            USD
            -8988.61000000
          
        
        
          N
          N
          N
        
      
      
        Shangri-la Asia Ltd
        529900FVJ8C1OTM8OL03
        
        G8063F106
        
          
        
        556000.00000000
        NS
        
        493969.88000000
        1.249470083615
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Pinduoduo Inc
        5493000573DS7005T657
        
        722304102
        
          
        
        3200.00000000
        NS
        USD
        293152.00000000
        0.741512122058
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Netease Inc
        5299004AF4DSJDB0PA32
        
        64110W102
        
          
        
        8525.00000000
        NS
        USD
        871340.25000000
        2.204008015680
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        92647.80000000
        0.234347597089
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                China International Travel Ser
                China International Travel SER
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            79459.49260000
            USD
            13188.31000000
          
        
        
          N
          N
          N
        
      
      
        Taiwan Semiconductor Manufacturing Co Ltd
        549300KB6NK5SBD14S87
        
        Y84629107
        
          
        
        12000.00000000
        NS
        
        250794.00000000
        0.634369852975
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        622741.35000000
        1.575190549381
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Shenzhen Mindray Bio-Medical E
                Shenzhen Mindray Bio-Med Electronics Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            587974.83000000
            USD
            34766.52000000
          
        
        
          N
          N
          N
        
      
      
        Kunlun Energy Co Ltd
        5299007GRIKP15GM4927
        
        G5320C108
        
          
        
        282000.00000000
        NS
        
        243802.82000000
        0.616686041446
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Powerlong Commercial Management Holdings Ltd
        N/A
        
        N/A
        
          
        
        148000.00000000
        NS
        
        431730.96000000
        1.092040103114
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        China Construction Bank Corp
        5493001KQW6DM7KEDR62
        
        Y1397N101
        
          
        
        751080.00000000
        NS
        
        523160.18000000
        1.323305368029
        Long
        EC
        NUSS
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Tesla Inc
        54930043XZGB27CTOV49
        
        88160R101
        
          
        
        1340.00000000
        NS
        USD
        920848.00000000
        2.329235190527
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Aia Group Ltd
        ZP5ILWVSYE4LJGMMVD57
        
        Y002A1105
        
          
        
        110192.00000000
        NS
        
        1318531.50000000
        3.335154085820
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Towngas China Co Ltd
        254900BX211RVPV37P96
        
        N/A
        
          
        
        498000.00000000
        NS
        
        327198.72000000
        0.827631458090
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        China Merchants Bank Co Ltd
        549300MKO5B60FFIHF58
        
        B1DYPZ905
        
          
        
        91000.00000000
        NS
        
        692287.87000000
        1.751104708681
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Cathay Media And Education Group Inc
        N/A
        
        N/A
        
          
        
        387000.00000000
        NS
        
        200145.45000000
        0.506257086255
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Moderna Inc
        549300EI6OKH5K5Q2G38
        
        60770K107
        
          
        
        1410.00000000
        NS
        USD
        498576.00000000
        1.261121014926
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        269272.57000000
        0.681110395947
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Zoomlion Co. Ltd.
                Zoomlion Heavy Industry Science & Tech, Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            293739.44780000
            USD
            -24466.87000000
          
        
        
          N
          N
          N
        
      
      
        Postal Savings Bank Of China Co Ltd
        300300C1040311005298
        
        N/A
        
          
        
        1316000.00000000
        NS
        
        850049.99000000
        2.150155454989
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Industrial & Commercial Bank Of China Ltd
        5493002ERZU2K9PZDL40
        
        Y3990B112
        
          
        
        493967.00000000
        NS
        
        274296.60000000
        0.693818407991
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Meituan
        21380033K525E5JLIA77
        
        N/A
        
          
        
        31100.00000000
        NS
        
        860581.37000000
        2.176794010864
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        China Merchants Port Holdings Co Ltd
        529900GA4UH90FUOR048
        
        Y1489Q103
        
          
        
        578000.00000000
        NS
        
        805372.82000000
        2.037146970877
        Long
        EC
        CORP
        HK
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Blackrock Liquidity Funds T-fund
        5493002L9DNZ83RX7V61
        
        09248U718
        
          
        
        5500068.03000000
        NS
        USD
        5500068.03000000
        13.91212448283
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Techtronic Industries Co Ltd
        549300HZW2SBE758OK89
        
        Y8563B159
        
          
        
        13500.00000000
        NS
        
        240735.99000000
        0.608928660902
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Wharf Real Estate Investment Co Ltd
        529900QLPKS8U9QOPB59
        
        N/A
        
          
        
        46000.00000000
        NS
        
        259802.50000000
        0.657156366291
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Aluminum Corp Of China Ltd
        529900TKZUWQLIQN6T48
        
        N/A
        
          
        
        400000.00000000
        NS
        
        243981.34000000
        0.617137598127
        Long
        EC
        NUSS
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Bilibili Inc
        5493008V60M52L3PIS45
        
        090040106
        
          
        
        4300.00000000
        NS
        USD
        367994.00000000
        0.930820911489
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Jd.com Inc
        549300HVTWB0GJZ16V92
        
        47215P106
        
          
        
        12000.00000000
        NS
        USD
        850560.00000000
        2.151445497688
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hong Kong Technology Venture Co Ltd
        N/A
        
        N/A
        
          
        
        527000.00000000
        NS
        
        739479.64000000
        1.870473737432
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Alibaba Group Holding Ltd
        5493001NTNQJDH60PM02
        
        01609W102
        
          
        
        14991.00000000
        NS
        USD
        2926093.29000000
        7.401394651272
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          N
        
      
      
        Lk Technology Holdings Ltd
        98450014EE068411A194
        
        N/A
        
          
        
        100000.00000000
        NS
        
        234445.74000000
        0.593017813881
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        China Yongda Automobiles Services Holdings Ltd
        529900G4APWIO18G0C95
        
        N/A
        
          
        
        250500.00000000
        NS
        
        467740.88000000
        1.183125247320
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Silergy Corp
        N/A
        
        N/A
        
          
        
        3000.00000000
        NS
        
        407054.27000000
        1.029621750971
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Wuxi Biologics Cayman Inc
        5493001TD2TH6VDTJU11
        
        N/A
        
          
        
        92000.00000000
        NS
        
        1405231.70000000
        3.554457550524
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        142386.20000000
        0.360158188632
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Zoomlion Co Ltd
                Zoomlion Heavy Industry Science & Tech, Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            241575.84000000
            USD
            -99189.64000000
          
        
        
          N
          N
          N
        
      
      
        Shenzhou International Group Holdings Ltd
        529900B4W41TCUKJFM73
        
        G8087W101
        
          
        
        47900.00000000
        NS
        
        1063058.17000000
        2.688948120799
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        1739101.34000000
        4.398962739803
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Contemporary Amperex Technology Co Ltd
                Contemporary Amperex Technology Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            1199799.45000000
            USD
            539301.89000000
          
        
        
          N
          N
          N
        
      
      
        Xinyi Glass Holdings Ltd
        52990082YXVVZFK1QJ17
        
        N/A
        
          
        
        476000.00000000
        NS
        
        1778983.66000000
        4.499842910280
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Hong Kong & China Gas Co Ltd
        254900P7BETXGC7YU827
        
        643655004
        
          
        
        141750.00000000
        NS
        
        230533.55000000
        0.583122140958
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Morgan Stanley
        9R7GPTSO7KV3UQJZQ078
        
        N/A
        
          
        
        1.00000000
        NC
        USD
        971823.74000000
        2.458175566649
        N/A
        DE
        CORP
        US
        N
        
        2
        
          
            
              Morgan Stanley
              9R7GPTSO7KV3UQJZQ078
            
            
              
                Kweichow Moutai Co Ltd
                Kweichow Moutai Co., Ltd.
                
                  
                  
                
              
            
            Y
            Underlying Performance
            
              
                
              
            
            2022-01-03
            0.00000000
            USD
            0.00000000
            USD
            1014093.81860000
            USD
            -42270.07000000
          
        
        
          N
          N
          N
        
      
      
        Ping An Insurance Group Co Of China Ltd
        529900M9MC28JLN35U89
        
        Y69790106
        
          
        
        32765.00000000
        NS
        
        286721.42000000
        0.725246317896
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        Li Ning Co Ltd
        529900T77L2FV3FZ3U81
        
        N/A
        
          
        
        95343.00000000
        NS
        
        1006947.55000000
        2.547019343557
        Long
        EC
        CORP
        KY
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Giordano International Ltd
        5299002Q4JRP5LUE6V15
        
        G6901M101
        
          
        
        2044000.00000000
        NS
        
        397627.79000000
        1.005777979861
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Haitian International Holdings Ltd
        30030093DDRS825TVP62
        
        N/A
        
          
        
        71000.00000000
        NS
        
        259929.35000000
        0.657477226503
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-08-30
      FINANCIAL INVESTORS TRUST
      Jennell Panella
      Jennell Panella
      Treasurer
    
  
  XXXX

FUTURES CONTRACTS

 

Description		Counterparty		Position		Contracts		Expiration Date		Notional Amount/Fair Value (Note 2)				Unrealized Appreciation
Brent Crude Future		Morgan Stanley		Long		505		08/31/21		$	38,082,050			$	3,034,200
Gasoline Robusta Future		Morgan Stanley		Long		23		08/31/21			2,255,320				185,664
Gold Future		Morgan Stanley		Long		52		10/27/21			9,435,400				32,132
Gold Future		Morgan Stanley		Long		130		12/29/21			23,623,600				125,832
Hard Red Winter Wheat Future		Morgan Stanley		Long		64		09/14/21			2,154,400				251,842
LME Aluminum Future		Morgan Stanley		Long		125		09/13/21			8,109,375				533,199
LME Copper Future		Morgan Stanley		Long		300		08/16/21			72,815,625				2,910,552
LME Nickel Future		Morgan Stanley		Long		126		08/16/21			14,780,556				741,238
LME Zinc Future		Morgan Stanley		Long		267		08/16/21			20,235,263				751,296
Low Sulfur Gasoil Future		Morgan Stanley		Long		332		08/12/21			20,359,900				719,614
National Gas Future		Morgan Stanley		Long		834		08/27/21			32,642,760				1,658,124
Soybean Future		Morgan Stanley		Long		93		11/12/21			6,274,013				446,587
Wheat Future		Morgan Stanley		Long		45		09/14/21			1,583,438				138,259
										$	252,351,700			$	11,528,539

 

Description		Counterparty		Position		Contracts		Expiration Date		Notional Amount/Fair Value (Note 2)				Unrealized Depreciation
Coffee 'C' Future		Morgan Stanley		Short		(39)		12/20/21		$	(2,668,331	)		$	(401,559	)
Copper Future		Morgan Stanley		Short		(474)		09/28/21			(53,117,625	)			(3,593,457	)
Corn Future		Morgan Stanley		Long		297		09/14/21			8,122,950				(214,051	)
Cotton  No.2  Future		Morgan Stanley		Short		(166)		12/08/21			(7,419,370	)			(370,948	)
Frozen Concentrated Orange Juice Future		Morgan Stanley		Short		(12)		11/09/21			(244,260	)			(20,281	)
Gasoline Robusta Future		Morgan Stanley		Short		(67)		10/29/21			(6,026,462	)			(138,466	)
Heating Oil Future		Morgan Stanley		Short		(102)		08/31/21			(9,405,950	)			(751,774	)
Lean Hogs Future		Morgan Stanley		Short		(49)		12/14/21			(1,600,340	)			(77,055	)
Live Cattle Future		Morgan Stanley		Short		(64)		12/31/21			(3,395,840	)			(7,203	)
LME Aluminum Future		Morgan Stanley		Short		(92)		09/13/21			(5,968,500	)			(946,566	)
Platinum Future		Morgan Stanley		Long		209		10/27/21			10,955,780				(67,301	)
Silver Future		Morgan Stanley		Long		194		09/28/21			24,780,590				(497,633	)
Soybean Meal Future		Morgan Stanley		Long		349		09/14/21			12,260,370				(481,788	)
Sugar #11 Future		Morgan Stanley		Short		(229)		09/30/21			(4,593,557	)			(310,064	)
WTI Crude Future		Morgan Stanley		Short		(805)		08/20/21			(59,529,750	)			(1,044,065	)
										$	(97,850,295	)		$	(8,922,211	)

Total Return Swap Contracts ^(a)

 

Swap Counterparty		Reference Obligation		Notional Amount				Floating Rate/Fixed Amount Paid by Fund		Termination Date		Value				Unrealized Appreciation (Depreciation) Base
Citigroup		CRB 3m Fwd TR Index**		$	175,131,676			USB3MTA + 30 bps*		9/30/2021		$	175,131,682			$	6
Bank of America - Merrill Lynch		CRB 3m Fwd TR Index**			175,777,104			USB3MTA + 25 bps*		6/30/2022			175,777,108				4
Societe Generale		CRB 3m Fwd TR Index**			58,109,522			USB3MTA + 28 bps*		11/30/2021			58,109,525				3
UBS		CRB 3m Fwd TR Index**			178,998,249			USB3MTA + 25 bps*		11/30/2021			178,998,251				2
				$	588,016,551							$	588,016,566			$	15

 

(a)

For long positions in the total return swap, the Fund receives payments based on any positive return of the Reference Obligation less the rate paid by the Fund. The Fund makes payments on any negative return of such Reference Obligations plus the rate paid by the Fund. For short positions in the total return swap, the Fund makes payments based on any positive return of the Reference Obligation less the rate received by the Fund. The Fund receives payments on any negative return of such Reference Obligations plus the rate received by the Fund.

*

United States Auction Results 3 Month Treasury Bill High Discount. Total return swap resets monthly.

**

CRB - Commodity Research Bureau

 

See Notes to Quarterly Statement of Investments. 

 

 

 

TOTAL RETURN SWAP CONTRACTS^(a)

 

Swap Counterparty		Reference Obligation		Notional Amount				Floating Rate/Fixed Amount Paid by Fund*		Termination Date		Value				Unrealized Appreciation
Morgan Stanley		China International Travel SER		$	79,459			1D FEDEF + 250 BPS		1/3/2022		$	92,647			$	13,188
Morgan Stanley		Contemporary Amperex Technology Co., Ltd.			1,407,856			1D FEDEF + 250 BPS		1/3/2022			1,943,701				535,845
Morgan Stanley		Shenzhen Inovance Technology Co., Ltd.			699,368			1D FEDEF + 250 BPS		1/3/2022			888,185				188,817
Morgan Stanley		Shenzhen Mindray Bio-Med Electronics Co., Ltd.			587,974			1D FEDEF + 250 BPS		1/3/2022			622,740				34,766
				$	2,774,657							$	3,547,273			$	772,616

 

Swap Counterparty		Reference Obligation		Notional Amount				Floating Rate/Fixed Amount Paid by Fund*		Termination Date		Value				Unrealized Depreciation
Morgan Stanley		Boe Technology Group Co., Ltd.		$	238,156			1D FEDEF + 250 BPS		1/3/2022		$	190,169			$	(47,987	)
Morgan Stanley		Goetrek, Inc.			275,793			1D FEDEF + 250 BPS		1/3/2022			266,805				(8,988	)
Morgan Stanley		Kweichow Moutai Co., Ltd.			1,014,094			1D FEDEF + 250 BPS		1/3/2022			971,824				(42,270	)
Morgan Stanley		Ping An Bank Co., Ltd.			415,317			1D FEDEF + 250 BPS		1/3/2022			301,944				(113,373	)
Morgan Stanley		Wuliangye Yibin Co., Ltd.			612,764			1D FEDEF + 255 BPS		1/3/2022			591,511				(21,253	)
Morgan Stanley		Zoomlion Heavy Industry Science & Tech, Ltd.			293,739			1D FEDEF + 255 BPS		1/3/2022			269,273				(24,466	)
Morgan Stanley		Zoomlion Heavy Industry Science & Tech, Ltd.			241,576			1D FEDEF + 250 BPS		1/3/2022			142,386				(99,190	)
				$	3,091,439							$	2,733,912			$	(357,527	)

 

 

(a)

For long positions in the total return swap, the Fund receives payments based on any positive return of the Reference Obligation less the rate paid by the Fund. The Fund makes payments on any negative return of such Reference Obligations plus the rate paid by the Fund. For the short positions in the total return swap, the Fund makes payments based on any positive return of the Reference Obligation less the rate received by the Fund. The Fund receives payments on any negative return of such Reference Obligations plus the rate received by the Fund.

*

Payments made when swap contract closes.

 

 

Investment Abbreviations:

1D FEDEF - Federal Funds Effective Rate (Daily)

 

 

For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry 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 industry sub-classifications for reporting ease. Industries are shown as a percent of net assets.

 

See Notes to Quarterly Statement of Investments.

Notes to Quarterly Statements of Investments

July 31, 2021 (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 report includes the statements of investments of the following funds: ALPS | CoreCommodity Management CompleteCommodities® Strategy Fund, ALPS | Kotak India Growth Fund, ALPS | Red Rocks Global Opportunity Fund, Clough China Fund, RiverFront Asset Allocation Aggressive, RiverFront Asset Allocation Growth & Income , RiverFront Asset Allocation Moderate, ALPS | Smith Total Return Bond Fund and ALPS | Smith Short Duration Bond Fund, ALPS | Smith Balanced Opportunity Fund, and ALPS | Smith Credit Opportunities Fund (each, a “Fund” and collectively, the “Funds”). Prior to March 31, 2020, the ALPS | Red Rocks Global Opportunity Fund was known as the ALPS | Red Rocks Listed Private Equity Fund.

 

The ALPS | CoreCommodity Management CompleteCommodities® Strategy Fund seeks to maximize real returns (returns after inflation), consistent with prudent investment management. ALPS | Kotak India Growth Fund’s investment goal is long-term capital appreciation. ALPS | Red Rocks Global Opportunity Fund seeks to maximize total return, which consists of appreciation on its investments and a variable income stream. The Clough China Fund seeks to provide investors with long-term capital appreciation. The RiverFront Asset Allocation Aggressive seeks to achieve long-term capital appreciation, the RiverFront Asset Allocation Growth & Income seeks to achieve long-term growth and income, and the RiverFront Asset Allocation Moderate has two primary investment objectives- it seeks (1) to provide a level of current income that exceeds the average yield on U.S. stocks, and (2) growth of capital. The ALPS | Smith Total Return Bond Fund capital seeks to obtain maximum total return, consistent with preservation of capital. The ALPS | Smith Short Duration Bond Fund seeks as high a level of current income as is consistent with preservation of capital. The ALPS | Smith Balanced Opportunity Fund seeks long-term capital growth, consistent with preservation of capital and balanced by current income. The ALPS | Smith Credit Opportunities Fund seeks to obtain maximum risk-adjusted return with a secondary focus on high current income.

 

The classes of each Fund differ principally in the applicable distribution and shareholder service fees. Shareholders of each class also bear certain expenses that pertain to that particular class. All shareholders bear the common expenses of the Fund and earn income and realized gains/losses from the Fund pro rata based on the average daily net assets of each class, without distinction between share classes. Dividends to shareholders are determined separately for each class based on income and expenses allocable to each class. Realized gain distributions to shareholders are allocated to each class pro rata based on the shares outstanding of each class on the date of distribution. Differences in per share dividend rates generally result from differences in separate class expenses, including distribution and shareholder service fees, if applicable.

 

Basis of Consolidation for the ALPS | CoreCommodity Management CompleteCommodities^® Strategy Fund

CoreCommodity Management Cayman Commodity Fund Ltd. (the “Subsidiary”), a Cayman Islands exempted company, was incorporated on April 23, 2010 and is a wholly owned subsidiary of the ALPS | CoreCommodity Management CompleteCommodities® Strategy Fund (the “CoreCommodity Fund”). The Subsidiary acts as an investment vehicle for the CoreCommodity Fund in order to effect certain commodity-related investments on behalf of the CoreCommodity Fund. CoreCommodity Fund is the sole shareholder of the Subsidiary pursuant to a subscription agreement dated as of June 14, 2010, and it is intended that the CoreCommodity Fund will remain the sole shareholder and will continue to wholly own and control the Subsidiary. Under the Articles of Association of the Subsidiary, shares issued by the Subsidiary confer upon a shareholder the right to vote at general meetings of the Subsidiary and certain rights in connection with any winding-up or repayment of capital, as well as the right to participate in the profits or assets of the Subsidiary. The CoreCommodity Fund may invest up to 25% of its total assets in shares of the Subsidiary. As a wholly owned subsidiary of the CoreCommodity Fund, the financial statements of the Subsidiary are included in the consolidated financial statements and financial highlights of the CoreCommodity Fund. All investments held by the Subsidiary are disclosed in the accounts of the CoreCommodity Fund. As of July 31, 2021, net assets of the CoreCommodity Fund were $1,084,092,202, of which $228,380,941 or 21.07% represented the CoreCommodity Fund’s ownership of all issued shares and voting rights of the Subsidiary.

2. SIGNIFICANT ACCOUNTING POLICIES

 

The following is a summary of significant accounting policies consistently followed by each Fund in the preparation of its financial statements. Each Fund is considered an investment company for financial reporting purposes, and follows accounting policies in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), including policies specific to investment companies. 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 following is a summary of significant accounting policies consistently followed by the Funds and subsidiaries, as applicable, in preparation of their financial statements. The Funds are considered investment companies under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946.

 

Investment Valuation: The Funds generally value their 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 mutual funds that are traded on an exchange, the market price is usually the closing sale or official closing price on that exchange.

 

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 brokers-dealers that make a market in the security. Investments in nonexchange traded funds are fair valued at their respective net asset values. Bonds may be purchased and held as odd lots. Pricing services value such securities based on bid prices for round lots; round lot prices may reflect more favorable pricing than odd lot holdings. A Fund may, in consideration of the foregoing, purchase securities suitable for its investment strategies in odd lots. Special valuation considerations may apply with respect to a Fund’s odd-lot positions, as the Fund may receive different prices when it sells such positions than it would receive for sales of institutional round lot positions. Pricing vendors generally value securities assuming orderly transactions of institutional round lot sizes, but a Fund may hold or transact in such securities in smaller, odd lot sizes. The ALPS | Smith Total Return Bond Fund and the ALPS | Smith Short Duration Bond Fund have odd lot pricing policies it employs to value odd lot securities.

 

Futures contracts that are listed or traded on a national securities exchange, commodities exchange, contract market or comparable over the counter market, and that are freely transferable, are valued at their closing settlement price on the exchange on which they are primarily traded or based upon the current settlement price for a like instrument acquired on the day on which the instrument is being valued. A settlement price may not be used if the market makes a limit move with respect to a particular commodity. Over-the-counter swap contracts are valued based on quotes received from independent pricing services or one or more dealers that make markets in such investments.

 

Option contracts are valued using the National Best Bid and Offer price (“NBBO”). In the event there is no NBBO price available, option contracts are valued at the mean between the last bid and ask.

 

For ALPS | Kotak India Growth Fund, ALPS | Red Rocks Global Opportunity Fund, and Clough China Fund, who hold equity securities that are primarily traded on foreign securities exchanges, such securities 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 and the close of the NYSE that was likely to have changed such value. In such an event, the fair value 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. The Funds will use 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 an 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.

 

Forward currency exchange contracts have a value determined by the 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. Foreign exchange rates and forward foreign currency exchange rates may generally be obtained at the close of the NYSE, normally 4:00 p.m. Eastern Time.

When such prices or quotations are not available, or when the Fair Value Committee appointed by the Board believes that they are unreliable, securities may be priced using fair value procedures approved by the Board. The fair valuation policies and procedures (“FV Procedures”) have been adopted by the Board for the fair valuation of portfolio assets held by the Fund(s) in the event that (1) market quotations for the current price of a portfolio security or asset are not readily available, or (2) available market quotations that would otherwise be used to value a portfolio security or asset in accordance with the Fund’s Pricing Procedures appear to be unreliable. The Pricing Procedures reflect certain pricing methodologies (or “logics”) that are not “readily available market quotations” and thus are viewed and treated as fair valuations. The Fair Value Committee routinely meets to discuss fair valuations of portfolio securities and other instruments held by the Fund(s).

 

Fair Value Measurements: The Funds disclose the classification of their 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 that 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 that are developed based on the best information available.

 

Various inputs are used in determining the value of each Fund’s 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 a Fund has 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 Fund’s 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.

 

The following is a summary of each Fund’s investments/financial instruments in the fair value hierarchy as of July 31, 2021:

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | CoreCommodity Management CompleteCommodities® Strategy Fund
Common Stocks(a)
United States		$	114,441,236			$	103			$	–			$	114,441,339
Other			204,459,943				–				–				204,459,943
Master Limited Partnerships(a)			460,779				–				–				460,779
Government Bonds			–				565,753,622				–				565,753,622
Total		$	319,361,958			$	565,753,725			$	–			$	885,115,683
Other Financial Instruments
Assets
Futures Contracts		$	11,528,539			$	–			$	–			$	11,528,539
Total Return Swap Contracts			–				15				–				15
Liabilities
Futures Contracts			(8,922,211	)			–				–				(8,922,211	)
Total		$	2,606,328			$	15			$	–			$	2,606,343

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Kotak India Growth Fund
Common Stocks
Communication Services		$	3,418,616			$	10,516,595			$	–			$	13,935,211
Consumer Discretionary			2,273,499				31,690,288				–				33,963,787
Consumer Staples			–				21,970,531				–				21,970,531
Energy			–				20,822,329				–				20,822,329
Financials			14,988,158				97,813,854				–				112,802,012
Health Care			–				24,652,830				–				24,652,830
Industrials			–				32,935,434				–				32,935,434
Information Technology			10,444,533				47,940,578				–				58,385,111
Materials			–				28,705,003				–				28,705,003
Real Estate			–				3,234,411				–				3,234,411
Utilities			–				4,108,777				–				4,108,777
Total		$	31,124,806			$	324,390,630			$	–			$	355,515,436

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Smith Short Duration Bond Fund
Collateralized Mortgage Obligations		$	–			$	2,377,311			$	–			$	2,377,311
Commercial Mortgage-Backed Securities			–				1,179,930				–				1,179,930
Mortgage-Backed Securities			–				13,299,911				–				13,299,911
Corporate Bonds			–				392,328,547				–				392,328,547
Government Bonds			–				91,818,479				–				91,818,479
Municipal Bonds			–				151,577				–				151,577
Short Term Investments			3,988,837				–				–				3,988,837
Total		$	3,988,837			$	501,155,755			$	–			$	505,144,592

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Smith Total Return Bond Fund
Collateralized Mortgage Obligations		$	–			$	134,048,468			$	–			$	134,048,468
Commercial Mortgage-Backed Securities			–				54,470,095				–				54,470,095
Mortgage-Backed Securities			–				99,405,192				–				99,405,192
Corporate Bonds			–				1,005,498,354				–				1,005,498,354
Government Bonds			–				450,511,938				–				450,511,938
Preferred Stock			20,700,596				–				–				20,700,596
Short Term Investments			7,649,659				–				–				7,649,659
Total		$	28,350,255			$	1,743,934,047			$	–			$	1,772,284,302

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Smith Credit Opportunities Fund
Common Stocks(a)		$	581,519			$	–			$	–			$	581,519
Exchange Traded Funds			5,781,223				–				–				5,781,223
Collateralized Mortgage Obligations			–				773,611				–				773,611
Corporate Bonds			–				141,882,663				–				141,882,663
Government Bonds			–				13,114,412				–				13,114,412
Preferred Stock			4,482,510				–				–				4,482,510
Short Term Investments			1,285,178				–				–				1,285,178
Total		$	12,130,430			$	155,770,686			$	–			$	167,901,116

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Smith Balanced Opportunity Fund
Common Stocks(a)		$	23,529,652			$	–			$	–			$	23,529,652
Collateralized Mortgage Obligations			–				1,606,075				–				1,606,075
Commercial Mortgage-Backed Securities			–				37,096				–				37,096
Mortgage-Backed Securities			–				265,497				–				265,497
Corporate Bonds			–				5,232,358				–				5,232,358
Government Bonds			–				6,427,656				–				6,427,656
Preferred Stock			137,432				–				–				137,432
Short Term Investments			856,053				–				–				856,053
Total		$	24,523,137			$	13,568,682			$	–			$	38,091,819

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
ALPS | Red Rocks Global Opportunity Fund
Closed-End Funds		$	7,277,835			$	13,575,283			$	–			$	20,853,118
Common Stocks
Communications			9,062,838				–				–				9,062,838
Consumer, Cyclical			2,676,807				3,130,730				–				5,807,537
Consumer, Non-cyclical			7,579,243				–				–				7,579,243
Diversified			–				973,611				–				973,611
Financials			29,221,539				24,559,638				–				53,781,177
Industrials			4,291,428				–				–				4,291,428
Technology			3,691,859				–				–				3,691,859
Utilities			1,644,032				–				–				1,644,032
Short-Term Investments			2,272,457				–				–				2,272,457
Total		$	67,718,038			$	42,239,262			$	–			$	109,957,300

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
Clough China Fund
Common Stocks
Communications		$	1,682,161			$	5,118,337			$	–			$	6,800,498
Consumer Discretionary			5,838,464				6,373,395				–				12,211,859
Financials			–				4,929,257				–				4,929,257
Health Care			647,524				1,857,988				–				2,505,512
Industrials			259,929				1,280,555				–				1,540,484
Materials			–				2,022,965				–				2,022,965
Real Estate			–				1,044,626				–				1,044,626
Technology			226,281				1,487,295				–				1,713,576
Utilities			–				801,535				–				801,535
Short Term Investments			5,500,068				–				–				5,500,068
Total		$	14,154,427			$	24,915,953			$	–			$	39,070,380
Other Financial Instruments
Assets:
Total Return Swap Contracts		$	–			$	772,616			$	–			$	772,616
Liabilities:
Total Return Swap Contracts			–				(357,527)				–				(357,527)
Total		$	–			$	415,089			$	–			$	415,089

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
RiverFront Asset Allocation Aggressive
Exchange Traded Funds		$	27,198,638			$	–			$	–			$	27,198,638
Short-Term Investments			626,622				–				–				626,622
Total		$	27,825,260			$	–			$	–			$	27,825,260

 

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
RiverFront Asset Allocation Growth & Income
Exchange Traded Funds		$	62,843,048			$	–			$	–			$	62,843,048
Short-Term Investments			1,374,317				–				–				1,374,317
Total		$	64,217,365			$	–			$	–			$	64,217,365

Investments in Securities at Value		Level 1 - Unadjusted Quoted Prices				Level 2 - Other Significant Observable Inputs				Level 3 - Significant Unobservable Inputs				Total
RiverFront Asset Allocation Moderate
Exchange Traded Funds		$	49,517,721			$	–			$	–			$	49,517,721
Short-Term Investments			792,662				–				–				792,662
Total		$	50,310,383			$	–			$	–			$	50,310,383

 

(a)

For detailed descriptions of country, sector and/or industry, see the accompanying Statement of Investments.

 

Fund and Class Expenses: Some expenses of the Trust can be directly attributed to a Fund or a specific share class of a Fund. Expenses which cannot be directly attributed are apportioned among all Funds in the Trust based on average net assets of each share class within a Fund.

 

Federal Income Taxes: The Funds comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) applicable to regulated investment companies and intend to distribute substantially all of their net taxable income and net capital gains, if any, each year. The Funds are not subject to income taxes to the extent such distributions are made.

 

The Funds file U.S. federal, state, and local tax returns as required. The Funds’ tax returns are subject to examination by the relevant tax authorities until expiration of the applicable statute of limitations which is generally three years after the filing of the tax return, but may extend to four years in certain jurisdictions. Tax returns for open years have incorporated no uncertain tax positions that require a provision for income taxes.

 

Distributions to Shareholders: Each Fund, except the RiverFront Asset Allocation Growth & Income, RiverFront Asset Allocation Moderate, ALPS | Smith Total Return Bond Fund and ALPS | Smith Short Duration Bond Fund, ALPS | Smith Balanced Opportunity Fund, and ALPS | Smith Credit Opportunities Fund normally pays dividends and distributes capital gains, if any, on an annual basis. RiverFront Asset Allocation Moderate normally pays dividends, if any, on a quarterly basis and distributes capital gains annually. ALPS | Smith Total Return Bond Fund and ALPS | Smith Short Duration Bond Fund, ALPS | Smith Balanced Opportunity Fund, and ALPS | Smith Credit Opportunities Fund declare and distribute dividends, if any, on a monthly basis and capital gains, if any, on at least an annual basis. Income dividend distributions are derived from interest and other income a Fund receives from its investments, including distributions of short-term capital gains. Capital gain distributions are derived from gains realized when a Fund sells a security it has owned for more than a year or from long-term capital gain distributions from underlying investments. Each Fund may make additional distributions and dividends at other times if its portfolio manager or managers believe doing so may be necessary for the Fund to avoid or reduce taxes.

 

Commodity-Linked Notes: The ALPS | CoreCommodity Management CompleteCommodities® Strategy Fund may invest in commodity-linked notes which are derivative instruments that have characteristics of a debt security and of a commodity-linked derivative. A commodity-linked note typically provides for interest payments and a principal payment at maturity linked to the price movement of the underlying commodity, commodity index or commodity futures or option contract. Commodity-linked notes may be principal protected, partially protected, or offer no principal protection. The value of these notes will rise and fall in response to changes in the underlying commodity or related index or investment. These notes are often leveraged, increasing the volatility of each note’s value relative to the change in the underlying linked index. Commodity index-linked investments may be more volatile and less liquid than the underlying index and their value may be affected by the performance of the commodities as well as other factors, including liquidity, quality, maturity and other economic variables. Commodity-linked notes are typically issued by a bank or other financial institution and are sometimes referred to as structured notes because the terms of the notes may be structured by the issuer and the purchaser of the notes to accommodate the specific investment requirements of the purchaser.

 

Exchange Traded Funds (ETFs): Each Fund may invest in shares of ETFs and other similar instruments if the investment manager chooses to adjust a Fund’s exposure to the general market or industry sectors and to manage a Fund’s risk exposure. ETFs differ from traditional index funds in that their shares are listed on a securities exchange and can be traded intraday. ETF shares are shares of exchange traded investment companies that are registered under the 1940 Act and hold a portfolio of common stocks designed to track the performance of a particular index. Limitations of the 1940 Act may prohibit a Fund from acquiring more than 3% of the outstanding shares of certain ETFs. Instruments that are similar to ETFs represent beneficial ownership interests in specific “baskets” of stocks of companies within a particular industry sector or group. These securities may also be exchange traded, but unlike ETFs, the issuers of these securities are not registered as investment companies.

The portfolio manager may decide to purchase or sell short ETF shares or options on ETF shares for the same reasons it would purchase or sell (and as an alternative to purchasing or selling) futures contracts - to obtain exposure to the stock market or a particular segment of the stock market, or to hedge a Fund’s portfolio against such exposures. Depending on the market, the holding period and other factors, the use of ETF shares and options thereon can be less costly than the use of index options or stock index futures. In addition, ETF shares and options thereon can typically be purchased in smaller amounts than are available for futures contracts and can offer exposure to market sectors and styles for which there is no suitable or liquid futures contract. 

 

Investment Transactions and Investment Income: Investment transactions are accounted for on the date the investments are purchased or sold (trade date basis). Net 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 each Fund.

 

Foreign Securities: Each Fund 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 reevaluation 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. 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: The Funds 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 the contracts 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.

 

Real Estate Investment Trusts (“REITs”): The Funds may invest a portion of their assets in REITs and are subject to certain risks associated with direct investment in REITs. REITs may be affected by changes in the value of their underlying properties and by defaults by borrowers or tenants. REITs depend generally on their ability to generate cash flow to make distributions to shareowners, and certain REITs have self-liquidation provisions by which mortgages held may be paid in full and distributions of capital returns may be made at any time. In addition, the performance of a REIT may be affected by its failure to qualify for tax-free pass-through of income under the Internal Revenue Code of 1986, as amended (the “Code”), or its failure to maintain exemption from registration under the 1940 Act. Distributions that the Fund receives from REITs can be classified as ordinary income, capital gain income or return of capital by the REITs that make these distributions to the Fund. However, it is not possible for the Fund to characterize distributions received from REITs during interim periods because the REIT issuers do not report their tax characterizations until subsequent to year end. During interim periods, the REIT distributions are accounted for as ordinary income until the re characterizations are made subsequent to year end.

 

Treasury Inflation Protected-Securities (“TIPS”): The Funds may invest in TIPS, including structured bonds in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The adjustments to principal due to inflation/deflation are reflected as increases/decreases to interest income with a corresponding adjustment to cost. Such adjustments may have a significant impact on a Fund’s distributions and may result in a return of capital to shareholders. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government.

Loan Participations and Assignments: Certain Funds may invest in loan participations and assignments. The Fund considers loan participations and assignments to be investments in debt securities. Loan participations typically will result in the Fund having a contractual relationship only with the lender, not with the borrower. The Fund will have the right to receive payments of principal, interest and any fees to which it is entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the borrower. Under a loan participation, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement relating to the loan, nor any rights of set-off against the borrower, and the Fund may not benefit directly from any collateral supporting the loan in which it has purchased the participation. As a result, the Fund will assume the credit risk of both the borrower and the lender that is selling the participation. In the event of the insolvency of the lender selling a participation, the Fund may be treated as a general creditor of the lender and may not benefit from any set-off between the lender and the borrower. When the Fund purchases assignments of loans from lenders, the Fund will acquire direct rights against the borrower on the loan, except that under certain circumstances such rights may be more limited than those held by the assigning lender.

 

Master Limited Partnerships: Certain Funds may invest in MLPs, which are publicly traded partnerships engaged in the transportation, storage and processing of minerals and natural resources. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Code. These qualifying sources include natural resource based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners, the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership’s operations and management. MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount (“minimum quarterly distributions” or “MQD”). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions

 

COVID-19 Risks: A recent outbreak of respiratory disease caused by a novel coronavirus was first detected in China in December 2019 and has now been detected internationally. This coronavirus has resulted in closing borders, enhanced health screenings, healthcare service preparation and delivery, quarantines, cancellations, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this coronavirus, and other epidemics and pandemics that may arise in the future, could affect the economies of many nations, individual companies, their securities (including equity and debt), and the market in general in ways that cannot necessarily be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to less established health care systems. Health crises caused by the recent coronavirus outbreak may exacerbate other pre-existing political, social and economic risks in certain countries. The impact of the outbreak may be short term or may last for an extended period of time.

 

3. DERIVATIVE INSTRUMENTS

 

As a part of their investment strategy, the Funds are permitted to enter in various types of derivatives contracts. In doing so, the Funds employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent in derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Funds to pursue their objectives more quickly and efficiently than if they were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

Cash collateral is being pledged to cover derivative obligations of the Funds and cash collateral received from the counterparty, if any, is reported separately on the Statements of Assets and Liabilities as cash pledged as collateral and cash received as collateral, respectively. Non-cash collateral pledged by the Funds, if any, is noted in the Statements of Investments. 

 

Risk of Investing in Derivatives: The Funds’ use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. In instances where the Funds are using derivatives to decrease, or hedge, exposures to market risk factors for securities held by the Funds, there are also risks that those derivatives may not perform as expected resulting in losses for the combined or hedged positions.

 

Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Fund to increase its market value exposure relative to its net assets and can substantially increase the volatility of the Funds’ performance.

 

Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Funds. Typically, the associated risks are not the risks that the Funds are attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives.

 

Examples of these associated risks are liquidity risk, which is the risk that the Funds will not be able to sell or close out the derivative in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Funds. In addition, use of derivatives may increase or decrease exposure to the following risk factors: 

 

Equity Risk: Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market. Associated risks can be different for each type of derivative and are discussed by each derivative type in the notes that follow.

 

Commodity Risk: Exposure to the commodities markets may subject the Funds to greater volatility than investments in traditional securities. Prices of various commodities may also be affected by factors, such as drought, floods, weather, livestock disease, embargoes, tariffs and other regulatory developments, which are unpredictable. The prices of commodities can also fluctuate widely due to supply and demand disruptions in major producing or consuming regions.

 

Foreign Currency Risk: Currency trading involves significant risks, including market risk, interest rate risk, country risk, counterparty credit risk and short sale risk. Market risk results from the price movement of foreign currency values in response to shifting market supply and demand. Interest rate risk arises whenever a country changes its stated interest rate target associated with its currency. Country risk arises because virtually every country has interfered with international transactions in its currency.

 

Interest Rate Risk: Interest rate risk is the risk that fixed income securities will decline in value because of changes in interest rates. As nominal interest rates rise, the value of fixed income securities held by the Funds are likely to decrease. Securities with longer durations tend to be more sensitive to changes in interest rates, and are usually more volatile than securities.

 

Swap Contracts: Each Fund may enter into swap transactions for hedging purposes or to seek to increase total return. At the present time, the CoreCommodity Fund and Clough China Fund primarily enter into swap transactions for the purpose of increasing total return. Swap agreements may be executed in a multilateral or other trade facility program, such as a registered exchange (“centrally cleared swaps”) or may be privately negotiated in the over-the counter market. The duration of a swap agreement typically ranges from a few weeks to more than one year. In a centrally cleared swap, immediately following execution of the swap agreement, the swap agreement is novated to a central counterparty (the “CCP”) and the Fund’s counterparty on the swap agreement becomes the CCP. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The loss incurred by the failure of a counterparty is generally limited to the net payment to be received by the Funds and/or the termination value at the end of the contract. Therefore, the Funds consider the creditworthiness of each counterparty to a contract in evaluating potential credit risk. Although centrally cleared swaps typically present less counterparty risk than non-centrally cleared swaps, a Fund that has entered into centrally cleared swaps is subject to the risk of the failure of the CCP.

Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index. Entering into these agreements involves, to varying degrees, market risk, liquidity risk and elements of credit, legal and documentation risk that are not directly reflected in the amounts recognized in the Statements of Assets and Liabilities.

 

The Funds may pay or receive cash as collateral on these contracts which may be recorded as an asset and/or liability. The Funds must set aside liquid assets, or engage in other appropriate measures, to cover its obligations under these contracts. Swaps are marked to market daily using either pricing vendor quotations, counterparty prices or model prices and the change in value, if any, is recorded as an unrealized gain or loss. Upfront payments made and/or received by the Funds are recorded as an asset and/or liability and realized gains or losses are recognized ratably over the contract’s term/event, with the exception of forward starting interest rate swaps, whose realized gains or losses are recognized ratably from the effective start date. Periodic payments received or made on swap contracts are recorded as realized gains or losses. Gains or losses are realized upon termination of a swap contract and are recorded on the Statement of Operations.

 

Total return swaps are agreements in which there is an exchange of cash flows whereby one party commits to make payments based on the total return (coupons plus capital gains/losses) of an underlying instrument in exchange for fixed or floating rate interest payments. To the extent the total return of the instrument or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. Credit default swaps are a type of swap agreement in which the protection “buyer” is generally obligated to pay the protection “seller” an upfront and/ or a periodic stream of payments over the term of the contract provided that no credit event, such as a default, on a reference obligation has occurred. Credit default swaps (“CDS”) are typically two-party financial contracts that transfer credit exposure between the two parties. Under a typical CDS, one party (the “seller”) receives pre-determined periodic payments from the other party (the “buyer”). The seller agrees to make compensating specific payments to the buyer if a negative credit event occurs, such as the bankruptcy or default by the issuer of the underlying debt instrument. Swap agreements held at July 31, 2021 are disclosed after the Statement of Investments.

 

Futures: Each Fund may invest in futures contracts in accordance with their investment objectives. Each Fund does so for a variety of reasons including for cash management, hedging or non-hedging purposes in an attempt to achieve the Fund’s investment objective. A futures contract provides for the future sale by one party and purchase by another party of a specified quantity of the security or other financial instrument at a specified price and time. A futures contract on an index is an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract was originally written. Futures transactions may result in losses in excess of the amount invested in the futures contract. There can be no guarantee that there will be a correlation between price movements in the hedging vehicle and in the portfolio securities being hedged. An incorrect correlation could result in a loss on both the hedged securities in a Fund and the hedging vehicle so that the portfolio return might have been greater had hedging not been attempted. There can be no assurance that a liquid market will exist at a time when a Fund seeks to close out a futures contract or a futures option position. Lack of a liquid market for any reason may prevent a Fund from liquidating an unfavorable position, and the Fund would remain obligated to meet margin requirements until the position is closed. In addition, a Fund could be exposed to risk if the counterparties to the contracts are unable to meet the terms of their contracts. With exchange traded futures, there is minimal counterparty credit risk to the Funds since futures are exchange traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.

 

When a purchase or sale of a futures contract is made by a Fund, the Fund is required to deposit with its custodian (or broker, if legally permitted) a specified amount of liquid assets (“initial margin”). The margin required for a futures contract is set by the exchange on which the contract is traded and may be modified during the term of the contract. The initial margin is in the nature of a performance bond or good faith deposit on the futures contract that is returned to a Fund upon termination of the contract, assuming all contractual obligations have been satisfied. These amounts are included in Deposit with broker for futures contracts on the Statement of Assets and Liabilities. Each day a Fund may pay or receive cash, called “variation margin,” equal to the daily change in value of the futures contract. Such payments or receipts are recorded for financial statement purposes as unrealized gains or losses by a Fund. Variation margin does not represent a borrowing or loan by a Fund but is instead a settlement between a Fund and the broker of the amount one would owe the other if the futures contract expired. When the contract is closed, a Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Option Contracts: Each Fund may enter into options transactions for hedging purposes and for non-hedging purposes such as seeking to enhance return. Each Fund may write covered put and call options on any stocks or stock indices, currencies traded on domestic and foreign securities exchanges, or futures contracts on stock indices, interest rates and currencies traded on domestic and, to the extent permitted by the CFTC, foreign exchanges. A call option on an asset written by a Fund obligates the Fund to sell the specified asset to the holder (purchaser) at a stated price (the exercise price) if the option is exercised before a specified date (the expiration date). A put option on an asset written by a Fund obligates the Fund to buy the specified asset from the purchaser at the exercise price if the option is exercised before the expiration date. Premiums received when writing options are recorded as liabilities and are subsequently adjusted to the current value of the options written. Premiums received from writing options that expire are treated as realized gains. Premiums received from writing options, which are either exercised or closed, are offset against the proceeds received or amount paid on the transaction to determine realized gains or losses which are recorded on the Statement of Operations.

 

4. AFFILIATED COMPANIES

 

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, realized gains or losses, change in unrealized gains or losses, shares and value of investments in affiliated companies for the period ended July 31, 2021 were as follows:

 

RiverFront Asset Allocation Aggressive

 

Security Name		Market Value as of October 31, 2020				Purchases				Sales				Market Value as of July 31, 2021				Share Balance as of July 31, 2021				Dividends				Change in Unrealized Gain (Loss)				Realized Gain/(Loss)
First Trust RiverFront Dynamic Asia Pacific ETF		$	783,725			$	-			$	(59,782	)		$	850,595				14,708			$	13,250			$	131,752			$	(5,100	)
First Trust RiverFront Dynamic Developed International ETF			3,394,461				360,575				(316,443	)			4,608,433				62,751				51,700				1,157,094				12,746
First Trust RiverFront Dynamic Emerging Markets ETF			2,753,585				-				(239,058	)			2,959,353				41,599				32,138				417,539				27,287
First Trust RiverFront Dynamic Europe ETF			1,451,594				-				(140,819	)			1,870,655				23,972				32,968				558,790				1,090
RiverFront Dynamic US Dividend Advantage ETF			7,066,248				-				(646,613	)			8,622,213				194,100				98,893				2,101,439				101,139
RiverFront Dynamic US Flex-Cap ETF			6,940,799				-				(832,108	)			8,287,389				182,122				62,966				2,050,468				128,230
		$	22,390,412			$	360,575			$	(2,234,823	)		$	27,198,638							$	291,915			$	6,417,082			$	265,392

 

RiverFront Asset Allocation Growth & Income

 

Security Name		Market Value as of October 31, 2020				Purchases				Sales				Market Value as of July 31, 2021				Share Balance as of July 31, 2021				Dividends				Change in Unrealized Gain (Loss)				Realized Gain/(Loss)
RiverFront Dynamic Core Income ETF		$	13,323,893			$	876,919			$	(1,442,362	)		$	12,645,958				491,191			$	167,830			$	(172,947	)		$	60,455
RiverFront Dynamic Unconstrained Income ETF			1,120,785				-				(129,183	)			1,018,661				39,575				32,024				24,405				2,654
Riverfront Strategic Income Fund			1,752,818				-				(868,872	)			898,614				36,147				25,695				6,261				8,407
First Trust RiverFront Dynamic Developed International ETF			9,191,264				3,165,800				(1,381,372	)			14,405,917				196,159				159,353				3,354,305				75,920
First Trust RiverFront Dynamic Emerging Markets ETF			5,062,398				-				(683,293	)			5,214,135				73,294				57,062				704,562				130,468
RiverFront Dynamic US Dividend Advantage ETF			20,058,777				-				(5,998,288	)			19,741,225				444,407				250,841				4,685,535				995,201
RiverFront Dynamic US Flex-Cap ETF			7,594,579				-				(1,066,125	)			8,918,538				195,992				67,652				2,203,290				186,794
		$	58,104,514			$	4,042,719			$	(11,569,495	)		$	62,843,048							$	760,457			$	10,805,411			$	1,459,899

 

RiverFront Asset Allocation Moderate

 

Security Name		Market Value as of October 31, 2020				Purchases				Sales				Market Value as of July 31, 2021				Share Balance as of July 31, 2021				Dividends				Change in Unrealized Gain (Loss)				Realized Gain/(Loss)
RiverFront Dynamic Core Income ETF		$	19,601,582			$	1,637,282			$	(1,613,807	)		$	19,452,939				755,586			$	256,175			$	(249,916	)		$	77,798
RiverFront Dynamic Unconstrained Income ETF			858,377				-				(68,429	)			810,733				31,497				25,310				19,991				794
Riverfront Strategic Income Fund			1,394,780				-				(697,891	)			708,137				28,485				20,780				4,851				6,397
First Trust RiverFront Dynamic Developed International ETF			2,499,730				2,679,083				(300,682	)			6,067,246				82,615				63,866				1,175,336				13,779
RiverFront Dynamic US Dividend Advantage ETF			16,246,515				-				(3,880,995	)			17,120,090				385,401				213,271				4,098,624				655,946
RiverFront Dynamic US Flex-Cap ETF			5,163,846				-				(1,331,574	)			5,358,576				117,759				46,565				1,307,803				218,501
		$	45,764,830			$	4,316,365			$	(7,893,378	)		$	49,517,721							$	625,967			$	6,356,689			$	973,215