Seafarer Capital Partners LLC

Item 5 – Fees and Compensation

Management Fees: The Funds

For each Fund, Seafarer is compensated by fees paid pursuant to a written investment advisory
agreement with the Financial Investors Trust. Seafarer’s management fee is calculated as a percentage
of each Fund’s pro rata share of the Funds’ combined average daily net assets. The fee is accrued by
each Fund daily and is payable monthly in arrears. Seafarer’s management fee for each Fund is stated in
the Funds’ Prospectus.

For each Fund, the Firm has contractually agreed to waive a portion of its fees and reimburse certain
other expenses to limit the Fund’s total annual operating expenses (inclusive of acquired fund fees and
expenses, and exclusive of brokerage expenses, interest expenses, taxes and extraordinary expenses) to
the level for each of the Fund’s shares classes set forth in the Fund’s Prospectus (the “Expense Limitation
Agreement”). The Firm is entitled to reimbursement of fees waived or expenses reimbursed under the
Expense Limitation Agreement under certain circumstances identified in the Funds’ Prospectus.

Management Fees: Other Clients

Before providing services to a client, Seafarer will enter into a written investment advisory agreement
with the client setting forth the specific manner for charging management fees. Management fees are
negotiated with each client, and will therefore vary from client to client.

Management fees vary by client based on the different services (and different levels of service) required
by each client. For non-charitable clients, Seafarer charges fees that are based on the services (and
service levels) it renders, regardless of the nature of the client or the underlying investors within the
client account. Seafarer may offer discounted fees to clients that it believes pursue a legitimate
charitable purpose.

The primary factors Seafarer considers in determining management fees for a client include, but are not
limited to, the following:

    a) Seafarer will differentiate fees based on its role with respect to the client. For example,
       Seafarer’s fee schedule will distinguish between funds for which it acts as investment adviser and
       sponsor, and accounts that it sub-advises. Serving as a fund’s investment adviser and sponsor
       requires greater entrepreneurial risk, capital outlay, and service requirements compared to
       serving as a sub-adviser. Supplemental service requirements with respect to a fund advised and
       sponsored by Seafarer might include enhanced compliance services, shareholder
       communications, and miscellaneous shareholder services.
    b) Seafarer will differentiate its fee schedule for accounts that pursue materially complex or
       disparate strategies (e.g., geographical breadth, asset classes, or specialization such as
       capitalization size).
    c) Seafarer will offer differentiated fees to accounts that are subject to different liquidity
       requirements (e.g., accounts that offer daily subscription and redemption privileges, versus
       monthly or quarterly privileges).
    d) Seafarer may differentiate fees based on other additional services required by the client or
       client-driven costs that Seafarer incurs (e.g., specialized reporting, co-administration, proxy
       voting, and shareholder services).
    e) Seafarer may offer discounted fees to clients that are charitable organizations or that Seafarer
       otherwise believes pursue legitimate charitable purposes.

Other advisory firms may charge different or lower fees for comparable services.

Generally, Seafarer’s management fees are calculated at an annual rate, payable monthly in arrears, and
based on the average daily value of the client’s portfolio. Fees may be prorated for periods of less than
one month, as applicable. Upon termination of any account, any earned, unpaid fees will be due and
payable. For each client account, Seafarer submits a bill to the client or its designee or otherwise
arranges for the client to pay its fees. Seafarer does not have authority to deduct its management fees
from any client account, and clients do not pre-pay advisory fees to the Firm.

Other Costs

In addition to Seafarer’s management fees, clients may incur fees and expenses from other service
providers. Such fees and expenses may include custodial fees, administrative fees, audit fees, sales
charges, taxes, tax service provider expenses, foreign investment license fees, wire transfer and
electronic funding fees, printing fees, legal expenses, regulatory fees, transaction costs, brokerage
commissions, and other fees and taxes charged by broker-dealers and other counterparties in connection
with effecting client transactions. For reference, Seafarer’s brokerage practices are discussed in more
detail in Item 12 (“Brokerage Practices”), below. The Funds also bear other ongoing expenses, including
transfer agency fees, shareholder servicing fees, trustee fees and expenses, and distribution fees (for
certain share classes).

These fees and commissions from other service providers are in addition to Seafarer’s management fee;
they are paid to other parties, and Seafarer does not receive any portion of these amounts.

Neither Seafarer nor any persons under its supervision accept any compensation for the sale of securities

or other investment products, such as asset-based sales charges or service fees from the sale of mutual
funds.

Valuation of Portfolio Assets in Calculating Management Fees

Seafarer’s management fees are based on the value of the assets held in the client account. Seafarer
generally does not act as official record keeper or pricing agent for client accounts. However, if Seafarer
has otherwise been appointed to assist in overseeing the valuation of and/or valuing a client’s assets,
then Seafarer’s valuation decisions will determine (at least in part) the management fees that a client or
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Item 7 – Types of Clients

Seafarer manages investment portfolios for institutional clients. Seafarer’s institutional clients consist of
two U.S.-registered investment companies (the Funds).

Seafarer serves as the investment adviser to the Funds. The minimum initial investment amount for each
Fund is $2,500 (or $1,000 for certain retirement accounts).

In addition, Seafarer may offer investment advisory or sub-advisory services to other institutional clients,
including other mutual funds or other regulated, commingled investment vehicles; private funds; pension
and profit-sharing plans; corporations; insurance companies; charitable institutions; foundations;
endowments; or individuals, trusts, estates, or other entities for an individual’s benefit.

Seafarer offers investment advisory services to commingled funds and, in certain circumstances, to
segregated accounts. The minimum investment for a segregated account depends on the nature and

requirements of the account in question, but is generally $250 million for the growth and income
strategy and $100 million for the value strategy.

Seafarer, in its sole discretion, may reject any client account.