Summary Prospectus by Investment Company (Form 497K)

ALPS GLOBAL OPPORTUNITY FUND

FINANCIAL INVESTORS TRUST
Investor Class: LPEFX | Class A: LPFAX |
Class C: LPFCX | Class I: LPEIX | Class R: LPERX

Summary Prospectus September 15, 2025

Investor
Class

Class
A

Class
C

Class
I

Class
R

Maximum sales charge (load) imposed on purchases

None

3.25%

None

None

None

Maximum deferred sales charge (as a percentage of the lower of original purchase price or redemption proceeds)

None

None

1.00%

None

None

Investor
Class

Class
A

Class
C

Class
I

Class
R

Management Fees

0.85%

0.85%

0.85%

0.85%

0.85%

Distribution and Service (12b-1) Fees

0.25%

0.25%

1.00%⁽¹⁾

0.00%

0.50%

Total Other Expenses

0.55%

0.55%

0.49%

0.47%

0.42%

Shareholder Services Fees

0.15%

0.15%

0.00%⁽¹⁾

0.00%

0.00%

Other Expenses

0.40%

0.40%

0.49%

0.47%

0.42%

Acquired Fund Fees and Expenses⁽²⁾

0.21%

0.21%

0.21%

0.21%

0.21%

Total Annual Fund Operating Expenses⁽³⁾

1.86%

1.86%

2.55%

1.53%

1.98%

Fee Waiver and Expense Reimbursement⁽⁴⁾

0.00%

0.00%

-0.09%

-0.07%

-0.02%

Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement

1.86%

1.86%

2.46%

1.46%

1.96%

⁽¹⁾

Per the Distribution and Services Plan ("the Plan"), the Plan allows up to an annual rate of 0.75% for distribution and marketing and up to 0.25% as a service fee.

⁽²⁾

The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio's financial statements (or the financial highlights in its prospectus) because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in the acquired funds.

⁽³⁾

Total Annual Fund Operating Expenses have been restated to reflect current fees.

⁽⁴⁾

Pursuant to a written agreement (the "Expense Agreement"), ALPS Advisors, Inc. (the "Adviser") has agreed contractually to limit the amount of the Fund's Total Annual Fund operating expenses, exclusive of Distribution and Service (12b-1) Fees, Acquired Fund Fees and Expenses, Shareholder Service Fees, brokerage expenses, interest expenses, taxes and extraordinary expenses, to 1.25% of the Fund's average daily net assets. The Expense Agreement is in effect through February 28, 2027. The Adviser will be permitted to recapture, on a class- by-class basis, expenses it has borne through the Expense Agreement to the extent that the Fund's expenses in later periods fall below the annual rates set forth in the Expense Agreement or in previous expense agreements; provided however, that such recapture payments do not cause the Fund's expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fees or expenses were deferred, as calculated on a monthly basis. Prior to February 28, 2027, this waiver may not be terminated or discontinued without the approval of the Fund's Board of Trustees.

1

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

1 Year

3 Years

5 Years

10 Years

Investor Class Shares

$ 189

$ 585

$ 1,005

$ 2,177

Institutional Class Shares

$ 149

$ 476

$ 827

$ 1,815

Class A Shares

$ 508

$ 891

$ 1,298

$ 2,431

Class C Shares

$ 349

$ 785

$ 1,347

$ 2,874

Class R Shares

$ 199

$ 619

$ 1,065

$ 2,301

You would pay the following expenses if you did not redeem your shares:

Class C Shares

$ 249

$ 785

$ 1,347

$ 2,874

●

Equity Securities Risk. Equity securities may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors or companies in which the Fund invests, including tariffs and other similar economic arrangements.

●

Managed Portfolio Risk. The manager's investment strategies or choice of specific securities may be unsuccessful and may cause the Fund to incur losses.

2

●

Private Equity Risk. In addition to the risks associated with the Fund's direct investments, the Fund is also subject to the underlying risks which affect the listed private equity companies in which the Fund invests. Private equity entails lending to or investing in privately held companies and any other vehicles whose purpose is to invest in privately held companies. Listed private equity companies include, among others, business development companies, investment holding companies, publicly traded limited partnership interests (common units), publicly traded venture capital funds, publicly traded venture capital trusts, publicly traded private equity funds, publicly traded private equity investment trusts, publicly traded closed-end funds, publicly traded financial institutions. Listed private equity companies are subject to various risks depending on their underlying investments, which could include, but are not limited to, additional liquidity risk, industry risk, non-U.S. security risk, currency risk, valuation risk, credit risk, managed portfolio risk and derivatives risk.

●

Industry Risk. The Fund's investments could be concentrated within one industry or group of industries. Any factors detrimental to the performance of such industries will disproportionately impact the Fund. Investments focused in a particular industry are subject to greater risk and are more greatly impacted by market volatility than less concentrated investments.

●

Financial Sector Risk. The Fund's assets could be concentrated in the financial sector, which means the Fund will be more affected by the performance of the financial sector than a fund that is more diversified. Financial services companies are subject to extensive governmental regulation which may limit both the amounts and types of loans and other financial commitments they can make, the interest rates and fees they can charge, the scope of their activities, the prices they can charge and the amount of capital they must maintain. Profitability is largely dependent on the availability and cost of capital funds and can fluctuate significantly when interest rates change or due to increased competition. In addition, deterioration of the credit markets generally may cause an adverse impact in a broad range of markets, including U.S. and international credit and interbank money markets generally, thereby affecting a wide range of financial institutions and markets. Certain events in the financial sector may cause an unusually high degree of volatility in the financial markets, both domestic and foreign, and cause certain financial services companies to incur large losses. Securities of financial services companies may experience a dramatic decline in value when such companies experience substantial declines in the valuations of their assets, take action to raise capital (such as the issuance of debt or equity securities), or cease operations. Credit losses resulting from financial difficulties of borrowers and financial losses associated with investment activities can negatively impact the sector. Insurance companies may be subject to severe price competition. Adverse economic, business or political developments could adversely affect financial institutions engaged in mortgage finance or other lending or investing activities directly or indirectly connected to the value of real estate.

●

Closed-End Fund Risk: The Fund may invest in closed-end investment companies or funds. Closed-end funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing will be higher than the cost of investing directly in a closed-end fund and may be higher than other mutual funds that invest directly in stocks and bonds.

Because shares of closed-end funds trade on an exchange at market prices, their shares may trade at a price that is above or below their net asset value. This means that a closed-end fund's shares may trade at a discount to its net asset value. The amount of public information available about closed-end funds generally is less than for open-end mutual funds. Consequently, the Adviser may make investment decisions based on information that is incomplete or inaccurate. Factors such as domestic economic growth and market conditions, interest rate levels and political events may affect the securities markets and from time to time can cause markets to fall substantially.

●

Non-U.S. Securities Risk. Non-U.S. securities are subject to the risks of foreign currency fluctuations, generally higher volatility and lower liquidity than U.S. securities, less developed securities markets and economic systems and political and economic instability.

●

Currency Risk. The value of the Fund's investments may fall as a result of changes in exchange rates.

●

Large-Cap Stock Risk. The Fund's investment in larger companies is subject to the risk that larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.

●

Small- to Mid-Capitalization Companies Risk. The Fund's investments in securities of companies with small- to mid-sized market capitalizations can present higher risks than do investments in securities of larger companies. Prices of such securities can be more volatile than the securities of larger capitalization firms and can be more thinly traded. This may result in such securities being less liquid.

●

Derivatives Risk. Derivatives involve special risks and costs and may result in losses to the Fund. The successful use of derivatives requires sophisticated management, and, to the extent that derivatives are used, the Fund will depend on the Adviser's ability

3

Best Quarter: June 30, 2020

20.63%

Worst Quarter: March 31, 2020

-30.48%

4

1 Year

5 Years

10 Years

Investor Class Shares

Return Before Taxes

17.79%

7.82%

9.22%

Return After Taxes on Distributions

12.19%

4.40%

6.12%

Return After Taxes on Distributions and Sale of Fund Shares

11.50%

4.90%

6.20%

Class A Shares

Return Before Taxes

11.24%

6.62%

8.61%

Class C Shares

Return Before Taxes

15.81%

7.01%

8.42%

Class I Shares

Return Before Taxes

18.10%

8.09%

9.50%

Class R Shares

Return Before Taxes

17.61%

7.59%

8.99%

Morningstar Developed Markets Index (reflects no deduction for fees, expenses or taxes)*

17.55%

10.49%

9.59%

Red Rocks Global Listed Private Equity Index (reflects no deduction for fees, expenses or taxes)**

17.88%

8.58%

9.54%

Morningstar Global Markets Mid Cap Index (reflects no deduction for fees, expenses or taxes)**,***

10.54%

7.30%

7.78%

*

Broad-based securities market index.

**

Additional index.

***

The Morningstar Global Markets Mid Cap Index is replacing the Red Rocks Global Listed Private Equity Index as the Fund's additional benchmark. The Adviser made this recommendation to the Board because the Morningstar Global Markets Mid Cap Index is representative of the Fund's holdings. Information on both indices will be shown for a one-year transition period.

5