Schedule of Investments - March 31, 2024
|
||||||||
Hotchkis & Wiley Mid-Cap Value Fund (Unaudited)
|
||||||||
Shares
|
||||||||
COMMON STOCKS - 97.17%
|
Held
|
Value
|
||||||
COMMUNICATION SERVICES - 2.23%
|
||||||||
Entertainment - 1.07%
|
||||||||
Warner Bros. Discovery, Inc. (a)
|
604,600
|
$
|
5,278,158
|
|||||
Media - 1.16%
|
||||||||
Omnicom Group, Inc.
|
30,300
|
2,931,828
|
||||||
Paramount Global
|
236,800
|
2,787,136
|
||||||
5,718,964
|
||||||||
TOTAL COMMUNICATION SERVICES
|
10,997,122
|
|||||||
CONSUMER DISCRETIONARY - 13.26%
|
||||||||
Automobile Components - 8.34%
|
||||||||
Adient PLC (a)
|
422,300
|
13,902,116
|
||||||
BorgWarner, Inc.
|
146,500
|
5,089,410
|
||||||
The Goodyear Tire & Rubber Company (a)
|
537,500
|
7,379,875
|
||||||
Lear Corp.
|
34,400
|
4,983,872
|
||||||
Magna International, Inc.
|
180,800
|
9,849,984
|
||||||
41,205,257
|
||||||||
Automobiles - 0.72%
|
||||||||
Harley-Davidson, Inc.
|
81,600
|
3,569,184
|
||||||
Hotels, Restaurants & Leisure - 0.92%
|
||||||||
Marriott Vacations Worldwide Corp.
|
42,000
|
4,524,660
|
||||||
Household Durables - 1.62%
|
||||||||
Whirlpool Corp.
|
67,100
|
8,027,173
|
||||||
Specialty Retail - 1.66%
|
||||||||
The ODP Corp. (a)
|
154,145
|
8,177,392
|
||||||
TOTAL CONSUMER DISCRETIONARY
|
65,503,666
|
|||||||
CONSUMER STAPLES - 1.40%
|
||||||||
Food Products - 0.76%
|
||||||||
Conagra Brands, Inc.
|
126,000
|
3,734,640
|
||||||
Personal Care Products - 0.64%
|
||||||||
Herbalife Ltd. (a)
|
315,200
|
3,167,760
|
||||||
TOTAL CONSUMER STAPLES
|
6,902,400
|
|||||||
ENERGY - 19.34%
|
||||||||
Energy Equipment & Services - 2.23%
|
||||||||
Expro Group Holdings NV (a)
|
135,883
|
2,713,584
|
||||||
Halliburton Company
|
85,100
|
3,354,642
|
||||||
NOV, Inc.
|
254,600
|
4,969,792
|
||||||
11,038,018
|
||||||||
Oil, Gas & Consumable Fuels - 17.11%
|
||||||||
APA Corp.
|
585,100
|
20,115,738
|
||||||
Baytex Energy Corp.
|
3,114,700
|
11,306,361
|
||||||
California Resources Corp.
|
22,100
|
1,217,710
|
||||||
Callon Petroleum Company (a)
|
34,500
|
1,233,720
|
||||||
Cenovus Energy, Inc.
|
392,600
|
7,848,074
|
||||||
Kosmos Energy Ltd. (a)
|
3,954,420
|
23,568,343
|
||||||
Marathon Oil Corp.
|
408,300
|
11,571,222
|
||||||
Murphy Oil Corp.
|
25,400
|
1,160,780
|
||||||
Ovintiv, Inc.
|
71,000
|
3,684,900
|
||||||
Range Resources Corp.
|
80,400
|
2,768,172
|
||||||
84,475,020
|
||||||||
TOTAL ENERGY
|
95,513,038
|
|||||||
FINANCIALS - 29.07%
|
||||||||
Banks - 13.35%
|
||||||||
Citizens Financial Group, Inc.
|
578,300
|
20,986,507
|
||||||
Comerica, Inc.
|
79,400
|
4,366,206
|
||||||
First Citizens BancShares, Inc.
|
3,787
|
6,191,745
|
||||||
First Horizon Corp.
|
317,200
|
4,884,880
|
||||||
KeyCorp
|
254,100
|
4,017,321
|
||||||
Popular, Inc.
|
247,500
|
21,802,275
|
||||||
Western Alliance Bancorp
|
57,100
|
3,665,249
|
||||||
65,914,183
|
||||||||
Capital Markets - 3.42%
|
||||||||
Lazard, Inc.
|
42,000
|
1,758,540
|
||||||
Northern Trust Corp.
|
33,000
|
2,934,360
|
||||||
State Street Corp.
|
157,700
|
12,193,364
|
||||||
16,886,264
|
||||||||
Consumer Finance - 2.21%
|
||||||||
Discover Financial Services
|
43,600
|
5,715,524
|
||||||
SLM Corp.
|
238,300
|
5,192,557
|
||||||
10,908,081
|
||||||||
Financial Services - 2.65%
|
||||||||
Euronet Worldwide, Inc. (a)
|
16,100
|
1,769,873
|
||||||
Fidelity National Information Services, Inc.
|
152,700
|
11,327,286
|
||||||
13,097,159
|
||||||||
Insurance - 7.44%
|
||||||||
American International Group, Inc.
|
112,900
|
8,825,393
|
||||||
CNO Financial Group, Inc.
|
391,700
|
10,763,916
|
||||||
Enstar Group Ltd. (a)
|
35,100
|
10,907,676
|
||||||
The Hartford Financial Services Group, Inc.
|
60,600
|
6,244,830
|
||||||
36,741,815
|
||||||||
TOTAL FINANCIALS
|
143,547,502
|
|||||||
HEALTH CARE - 5.00%
|
||||||||
Health Care Providers & Services - 3.99%
|
||||||||
Centene Corp. (a)
|
93,200
|
7,314,336
|
||||||
Laboratory Corp. of America Holdings
|
10,900
|
2,381,214
|
||||||
Universal Health Services, Inc.
|
54,800
|
9,998,808
|
||||||
19,694,358
|
||||||||
Pharmaceuticals - 1.01%
|
||||||||
Jazz Pharmaceuticals PLC (a)
|
41,400
|
4,985,388
|
||||||
TOTAL HEALTH CARE
|
24,679,746
|
|||||||
INDUSTRIALS - 12.90%
|
||||||||
Air Freight & Logistics - 1.90%
|
||||||||
FedEx Corp.
|
8,500
|
2,462,790
|
||||||
International Distributions Services PLC (a) (v)
|
2,395,600
|
6,924,270
|
||||||
9,387,060
|
||||||||
Commercial Services & Supplies - 1.87%
|
||||||||
The Brink's Company
|
100,100
|
9,247,238
|
||||||
Construction & Engineering - 3.99%
|
||||||||
Fluor Corp. (a)
|
466,600
|
19,727,848
|
||||||
Ground Transportation - 0.94%
|
||||||||
U-Haul Holding Company
|
69,600
|
4,640,928
|
||||||
Machinery - 2.79%
|
||||||||
Allison Transmission Holdings, Inc.
|
62,600
|
5,080,616
|
||||||
CNH Industrial NV
|
294,800
|
3,820,608
|
||||||
Stanley Black & Decker, Inc.
|
49,600
|
4,857,328
|
||||||
13,758,552
|
||||||||
Professional Services - 1.41%
|
||||||||
ManpowerGroup, Inc.
|
89,700
|
6,964,308
|
||||||
TOTAL INDUSTRIALS
|
63,725,934
|
|||||||
INFORMATION TECHNOLOGY - 8.14%
|
||||||||
Communications Equipment - 6.18%
|
||||||||
F5, Inc. (a)
|
72,100
|
13,669,439
|
||||||
Telefonaktiebolaget LM Ericsson - ADR (l)
|
3,060,100
|
16,861,151
|
||||||
30,530,590
|
||||||||
Electronic Equipment, Instruments & Components - 1.96%
|
||||||||
Arrow Electronics, Inc. (a)
|
74,600
|
9,657,716
|
||||||
TOTAL INFORMATION TECHNOLOGY
|
40,188,306
|
|||||||
MATERIALS - 3.51%
|
||||||||
Chemicals - 3.51%
|
||||||||
Huntsman Corp.
|
182,800
|
4,758,284
|
||||||
Olin Corp.
|
213,600
|
12,559,680
|
||||||
TOTAL MATERIALS
|
17,317,964
|
|||||||
REAL ESTATE - 1.35%
|
||||||||
Hotel & Resort Real Estate Investment Trusts - 0.13%
|
||||||||
Pebblebrook Hotel Trust
|
43,100
|
664,171
|
||||||
Office Real Estate Investment Trusts - 0.34%
|
||||||||
Vornado Realty Trust
|
58,000
|
1,668,660
|
||||||
Real Estate Management & Development - 0.88%
|
||||||||
Jones Lang LaSalle, Inc. (a)
|
22,300
|
4,350,507
|
||||||
TOTAL REAL ESTATE
|
6,683,338
|
|||||||
UTILITIES - 0.97%
|
||||||||
Electric Utilities - 0.49%
|
||||||||
NRG Energy, Inc.
|
35,600
|
2,409,764
|
||||||
Independent Power and Renewable Electricity Producers - 0.48%
|
||||||||
Vistra Corp.
|
34,400
|
2,395,960
|
||||||
TOTAL UTILITIES
|
4,805,724
|
|||||||
Total common stocks (Cost $380,263,996)
|
479,864,740
|
|||||||
Total long-term investments (Cost $380,263,996)
|
479,864,740
|
|||||||
COLLATERAL FOR SECURITIES ON LOAN - 2.62%
|
||||||||
Money Market Funds - 2.62%
|
||||||||
Invesco Short-Term Investments Trust Government & Agency Portfolio - Institutional Class, 5.24%^
|
12,929,315
|
12,929,315
|
||||||
Total collateral for securities on loan (Cost $12,929,315)
|
12,929,315
|
|||||||
Principal
|
||||||||
SHORT-TERM INVESTMENTS - 2.99%
|
Amount
|
|||||||
Time Deposits - 2.99%
|
||||||||
Citigroup, Inc., 4.68%, 04/01/2024*
|
$
|
14,748,570
|
14,748,570
|
|||||
Total short-term investments (Cost $14,748,570)
|
14,748,570
|
|||||||
Total investments - 102.78% (Cost $407,941,881)
|
507,542,625
|
|||||||
Liabilities in excess of other assets - (2.78)%
|
(13,738,091
|
)
|
||||||
Net assets - 100.00%
|
$
|
493,804,534
|
(a)
|
- Non-income producing security.
|
||||
(l)
|
- All or a portion of this security is on loan. The total market value of securities on loan was $12,645,863. The remaining contractual maturity of all of the securities lending transactions is overnight and
continuous.
|
||||
(v)
|
- Security was fair valued as a result of market movements following the close of local trading using a third-party vendor's proprietary fair value pricing model. The total market value of these securities was $6,924,270, which represented 1.40% of net assets. See Security Valuation below. | ||||
ADR
|
- American Depositary Receipt
|
||||
^
|
- Rate shown is the 7-day yield as of March 31, 2024.
|
||||
*
|
- Invested through a cash management account administered by Brown Brothers Harriman & Co.
|
||||
The Global Industry Classification Standard (GICS®) was
developed by MSCI, an independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company. The GICS methodology
has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. Each stock
that is classified will have a coding at all four of these levels.
|
Level 1 --- Quoted prices in an active market:
|
||||
Common Stocks
|
$
|
472,940,470
|
||
Money Market Funds
|
12,929,315
|
|||
Level 2 --- Other significant observable market inputs:
|
||||
Common Stocks:
|
||||
Industrials
|
6,924,270
|
|||
Time Deposits
|
14,748,570
|
|||
Level 3 --- Significant unobservable inputs
|
-
|
|||
Total Investments
|
$
|
507,542,625
|