Schedule of Investments - March 31, 2024
|
||||||||
Hotchkis & Wiley Small Cap Diversified Value Fund (Unaudited)
|
||||||||
Shares
|
||||||||
COMMON STOCKS - 98.84%
|
Held
|
Value
|
||||||
COMMUNICATION SERVICES - 0.89%
|
||||||||
Media - 0.89%
|
||||||||
Emerald Holding, Inc. (a)
|
169,050
|
$
|
1,151,231
|
|||||
Stagwell, Inc. (a)
|
496,400
|
3,087,608
|
||||||
TEGNA, Inc.
|
222,867
|
3,329,632
|
||||||
TOTAL COMMUNICATION SERVICES
|
7,568,471
|
|||||||
CONSUMER DISCRETIONARY - 15.11%
|
||||||||
Automobile Components - 1.81%
|
||||||||
Adient PLC (a)
|
89,705
|
2,953,089
|
||||||
Atmus Filtration Technologies, Inc. (a)
|
145,000
|
4,676,250
|
||||||
Fox Factory Holding Corp. (a)
|
12,600
|
656,082
|
||||||
The Goodyear Tire & Rubber Company (a)
|
260,400
|
3,575,292
|
||||||
Phinia, Inc.
|
92,900
|
3,570,147
|
||||||
15,430,860
|
||||||||
Diversified Consumer Services - 0.64%
|
||||||||
Adtalem Global Education, Inc. (a)
|
70,100
|
3,603,140
|
||||||
Graham Holdings Company
|
2,500
|
1,919,200
|
||||||
5,522,340
|
||||||||
Hotels, Restaurants & Leisure - 4.27%
|
||||||||
Accel Entertainment, Inc. (a)
|
232,200
|
2,737,638
|
||||||
Bloomin' Brands, Inc.
|
93,105
|
2,670,251
|
||||||
Brinker International, Inc. (a)
|
61,270
|
3,043,894
|
||||||
Dave & Buster's Entertainment, Inc. (a)
|
38,200
|
2,391,320
|
||||||
Denny's Corp. (a)
|
161,800
|
1,449,728
|
||||||
Dine Brands Global, Inc.
|
53,400
|
2,482,032
|
||||||
El Pollo Loco Holdings, Inc. (a)
|
173,100
|
1,685,994
|
||||||
Everi Holdings, Inc. (a)
|
223,700
|
2,248,185
|
||||||
Hilton Grand Vacations, Inc. (a)
|
57,300
|
2,705,133
|
||||||
Marriott Vacations Worldwide Corp.
|
37,700
|
4,061,421
|
||||||
Monarch Casino & Resort, Inc.
|
34,900
|
2,617,151
|
||||||
Six Flags Entertainment Corp. (a)
|
31,900
|
839,608
|
||||||
Travel + Leisure Company
|
81,280
|
3,979,469
|
||||||
United Parks & Resorts, Inc. (a)
|
63,900
|
3,591,819
|
||||||
36,503,643
|
||||||||
Household Durables - 2.06%
|
||||||||
Century Communities, Inc.
|
27,996
|
2,701,614
|
||||||
Green Brick Partners, Inc. (a)
|
32,750
|
1,972,533
|
||||||
KB Home
|
41,100
|
2,913,167
|
||||||
La-Z-Boy, Inc.
|
70,800
|
2,663,496
|
||||||
Leggett & Platt, Inc.
|
118,400
|
2,267,360
|
||||||
M/I Homes, Inc. (a)
|
17,723
|
2,415,468
|
||||||
Tri Pointe Homes, Inc. (a)
|
50,687
|
1,959,559
|
||||||
Worthington Enterprises, Inc.
|
11,050
|
687,642
|
||||||
17,580,839
|
||||||||
Leisure Products - 0.84%
|
||||||||
JAKKS Pacific, Inc. (a)
|
52,067
|
1,286,055
|
||||||
Johnson Outdoors, Inc.
|
47,500
|
2,190,225
|
||||||
Vista Outdoor, Inc. (a)
|
112,300
|
3,681,194
|
||||||
7,157,474
|
||||||||
Specialty Retail - 4.29%
|
||||||||
The Aaron's Company, Inc.
|
238,000
|
1,785,000
|
||||||
Advance Auto Parts, Inc.
|
28,800
|
2,450,592
|
||||||
Asbury Automotive Group, Inc. (a)
|
11,464
|
2,702,982
|
||||||
Designer Brands, Inc.
|
145,300
|
1,588,129
|
||||||
Genesco, Inc. (a)
|
46,530
|
1,309,354
|
||||||
Group 1 Automotive, Inc.
|
12,228
|
3,573,388
|
||||||
Haverty Furniture Companies, Inc.
|
69,100
|
2,357,692
|
||||||
Hibbett, Inc.
|
31,473
|
2,417,441
|
||||||
Leslie's, Inc. (a)
|
315,500
|
2,050,750
|
||||||
LL Flooring Holdings, Inc. (a)
|
293,684
|
537,442
|
||||||
MarineMax, Inc. (a)
|
75,300
|
2,504,478
|
||||||
OneWater Marine, Inc. (a)
|
97,700
|
2,750,255
|
||||||
PetMed Express, Inc.
|
314,000
|
1,504,060
|
||||||
Revolve Group, Inc. (a)
|
53,300
|
1,128,361
|
||||||
Signet Jewelers Ltd.
|
21,300
|
2,131,491
|
||||||
Sonic Automotive, Inc.
|
63,450
|
3,612,843
|
||||||
Upbound Group, Inc.
|
47,700
|
1,679,517
|
||||||
Zumiez, Inc. (a)
|
40,400
|
613,676
|
||||||
36,697,451
|
||||||||
Textiles, Apparel & Luxury Goods - 1.20%
|
||||||||
Carter's, Inc.
|
19,400
|
1,642,792
|
||||||
G-III Apparel Group Ltd. (a)
|
64,940
|
1,883,909
|
||||||
Hanesbrands, Inc. (a)
|
344,600
|
1,998,680
|
||||||
Kontoor Brands, Inc.
|
26,700
|
1,608,675
|
||||||
Oxford Industries, Inc.
|
6,800
|
764,320
|
||||||
Steven Madden Ltd.
|
55,500
|
2,346,540
|
||||||
10,244,916
|
||||||||
TOTAL CONSUMER DISCRETIONARY
|
129,137,523
|
|||||||
CONSUMER STAPLES - 3.29%
|
||||||||
Beverages - 0.41%
|
||||||||
The Duckhorn Portfolio, Inc. (a)
|
373,100
|
3,473,561
|
||||||
Consumer Staples Distribution & Retail - 0.28%
|
||||||||
The Andersons, Inc.
|
41,600
|
2,386,592
|
||||||
Food Products - 0.86%
|
||||||||
B&G Foods, Inc.
|
241,300
|
2,760,472
|
||||||
Cal-Maine Foods, Inc.
|
16,500
|
971,025
|
||||||
The Hain Celestial Group, Inc. (a)
|
172,700
|
1,357,422
|
||||||
WK Kellogg Company
|
120,600
|
2,267,280
|
||||||
7,356,199
|
||||||||
Household Products - 0.44%
|
||||||||
Central Garden & Pet Company (a)
|
31,500
|
1,349,145
|
||||||
Energizer Holdings, Inc.
|
82,100
|
2,417,024
|
||||||
3,766,169
|
||||||||
Personal Care Products - 1.30%
|
||||||||
Edgewell Personal Care Company
|
61,800
|
2,387,952
|
||||||
Herbalife Ltd. (a)
|
380,400
|
3,823,020
|
||||||
Medifast, Inc.
|
80,800
|
3,096,256
|
||||||
Nu Skin Enterprises, Inc.
|
131,550
|
1,819,337
|
||||||
11,126,565
|
||||||||
TOTAL CONSUMER STAPLES
|
28,109,086
|
|||||||
ENERGY - 10.06%
|
||||||||
Energy Equipment & Services - 3.92%
|
||||||||
Cactus, Inc.
|
75,700
|
3,791,813
|
||||||
Core Laboratories, Inc.
|
98,400
|
1,680,672
|
||||||
Dril-Quip, Inc. (a)
|
129,600
|
2,919,888
|
||||||
Expro Group Holdings NV (a)
|
188,103
|
3,756,417
|
||||||
Forum Energy Technologies, Inc. (a)
|
80,344
|
1,605,273
|
||||||
Helix Energy Solutions Group, Inc. (a)
|
161,700
|
1,752,828
|
||||||
Liberty Energy, Inc.
|
113,400
|
2,349,648
|
||||||
National Energy Services Reunited Corp. (a)
|
400,000
|
3,200,000
|
||||||
Newpark Resources, Inc. (a)
|
301,800
|
2,178,996
|
||||||
Precision Drilling Corp. (a)
|
48,700
|
3,277,023
|
||||||
ProFrac Holding Corp. (a) (l)
|
106,100
|
886,996
|
||||||
ProPetro Holding Corp. (a)
|
296,350
|
2,394,508
|
||||||
Select Water Solutions, Inc.
|
108,400
|
1,000,532
|
||||||
Solaris Oilfield Infrastructure, Inc.
|
311,100
|
2,697,237
|
||||||
33,491,831
|
||||||||
Oil, Gas & Consumable Fuels - 6.14%
|
||||||||
Baytex Energy Corp. (l)
|
1,029,242
|
3,736,148
|
||||||
Berry Corp.
|
412,370
|
3,319,579
|
||||||
California Resources Corp.
|
57,100
|
3,146,210
|
||||||
Callon Petroleum Company (a)
|
103,400
|
3,697,584
|
||||||
Crescent Energy Company
|
278,200
|
3,310,580
|
||||||
Equitrans Midstream Corp.
|
332,600
|
4,154,174
|
||||||
Kinetik Holdings, Inc.
|
39,540
|
1,576,460
|
||||||
Kosmos Energy Ltd. (a)
|
510,513
|
3,042,657
|
||||||
Northern Oil & Gas, Inc.
|
94,500
|
3,749,760
|
||||||
Par Pacific Holdings, Inc. (a)
|
64,100
|
2,375,546
|
||||||
REX American Resources Corp. (a)
|
20,934
|
1,229,035
|
||||||
SilverBow Resources, Inc. (a)
|
92,900
|
3,171,606
|
||||||
Talos Energy, Inc. (a)
|
245,500
|
3,419,815
|
||||||
VAALCO Energy, Inc.
|
572,000
|
3,986,840
|
||||||
Vertex Energy, Inc. (a) (l)
|
568,300
|
795,620
|
||||||
Vital Energy, Inc. (a)
|
74,800
|
3,929,992
|
||||||
World Kinect Corp.
|
145,324
|
3,843,820
|
||||||
52,485,426
|
||||||||
TOTAL ENERGY
|
85,977,257
|
|||||||
FINANCIALS - 31.92%
|
||||||||
Banks - 18.58%
|
||||||||
1st Source Corp.
|
16,206
|
849,519
|
||||||
Arrow Financial Corp.
|
30,200
|
755,604
|
||||||
Associated Banc-Corp
|
146,400
|
3,149,064
|
||||||
Banc of California, Inc.
|
263,218
|
4,003,545
|
||||||
Bank of Marin Bancorp
|
77,400
|
1,297,998
|
||||||
BankUnited, Inc.
|
118,410
|
3,315,480
|
||||||
BayCom Corp.
|
36,300
|
748,143
|
||||||
BCB Bancorp, Inc.
|
53,500
|
559,075
|
||||||
Berkshire Hills Bancorp, Inc.
|
65,500
|
1,501,260
|
||||||
BOK Financial Corp.
|
19,200
|
1,766,400
|
||||||
Bridgewater Bancshares, Inc. (a)
|
74,590
|
868,228
|
||||||
Brookline Bancorp, Inc.
|
331,699
|
3,303,722
|
||||||
Cambridge Bancorp
|
35,400
|
2,412,864
|
||||||
Camden National Corp.
|
48,016
|
1,609,496
|
||||||
Capitol Federal Financial, Inc.
|
249,700
|
1,488,212
|
||||||
Cathay General Bancorp
|
36,432
|
1,378,223
|
||||||
Central Pacific Financial Corp.
|
124,100
|
2,450,975
|
||||||
Civista Bancshares, Inc.
|
39,000
|
599,820
|
||||||
CNB Financial Corp.
|
36,800
|
750,352
|
||||||
Columbia Banking System, Inc.
|
103,700
|
2,006,595
|
||||||
Community Trust Bancorp, Inc.
|
39,710
|
1,693,632
|
||||||
ConnectOne Bancorp, Inc.
|
155,300
|
3,028,350
|
||||||
CrossFirst Bankshares, Inc. (a)
|
124,820
|
1,727,509
|
||||||
Dime Community Bancshares, Inc.
|
127,200
|
2,449,872
|
||||||
Eagle Bancorp, Inc.
|
137,130
|
3,221,184
|
||||||
Enterprise Financial Services Corp.
|
38,300
|
1,553,448
|
||||||
FB Financial Corp.
|
20,725
|
780,504
|
||||||
Financial Institutions, Inc.
|
39,961
|
752,066
|
||||||
First Busey Corp.
|
32,900
|
791,245
|
||||||
First Business Financial Services, Inc.
|
21,665
|
812,438
|
||||||
First Financial Corp.
|
60,763
|
2,329,046
|
||||||
First Foundation, Inc.
|
205,200
|
1,549,260
|
||||||
First Hawaiian, Inc.
|
146,540
|
3,218,018
|
||||||
First Internet Bancorp
|
74,289
|
2,580,800
|
||||||
First Interstate BancSystem, Inc.
|
27,500
|
748,275
|
||||||
First Merchants Corp.
|
22,302
|
778,340
|
||||||
First Mid Bancshares, Inc.
|
24,100
|
787,588
|
||||||
The First of Long Island Corp.
|
126,280
|
1,400,445
|
||||||
Flushing Financial Corp.
|
160,318
|
2,021,610
|
||||||
FS Bancorp, Inc.
|
21,380
|
742,100
|
||||||
Great Southern Bancorp, Inc.
|
17,110
|
937,970
|
||||||
Hanmi Financial Corp.
|
215,567
|
3,431,827
|
||||||
Heartland Financial USA, Inc.
|
42,500
|
1,493,875
|
||||||
Heritage Commerce Corp.
|
165,500
|
1,419,990
|
||||||
Heritage Financial Corp.
|
76,400
|
1,481,396
|
||||||
Hilltop Holdings, Inc.
|
72,200
|
2,261,304
|
||||||
Home Bancorp, Inc.
|
19,700
|
754,707
|
||||||
Hope Bancorp, Inc.
|
306,733
|
3,530,497
|
||||||
Horizon Bancorp, Inc.
|
196,300
|
2,518,529
|
||||||
Independent Bank Corp.
|
67,300
|
1,706,055
|
||||||
Independent Bank Group, Inc.
|
15,700
|
716,705
|
||||||
Investar Holding Corp.
|
56,000
|
916,160
|
||||||
Kearny Financial Corp.
|
249,500
|
1,606,780
|
||||||
Lakeland Bancorp, Inc.
|
201,430
|
2,437,303
|
||||||
Live Oak Bancshares, Inc.
|
52,700
|
2,187,577
|
||||||
Mercantile Bank Corp.
|
19,400
|
746,706
|
||||||
MidWestOne Financial Group, Inc.
|
30,794
|
721,811
|
||||||
Northeast Bank
|
13,200
|
730,488
|
||||||
Northeast Community Bancorp, Inc.
|
44,800
|
704,704
|
||||||
Northfield Bancorp, Inc.
|
242,807
|
2,360,084
|
||||||
Northrim BanCorp, Inc.
|
35,384
|
1,787,246
|
||||||
OceanFirst Financial Corp.
|
214,310
|
3,516,827
|
||||||
Pacific Premier Bancorp, Inc.
|
62,614
|
1,502,736
|
||||||
Parke Bancorp, Inc.
|
33,600
|
578,760
|
||||||
PCB Bancorp
|
45,100
|
736,483
|
||||||
Peapack-Gladstone Financial Corp.
|
71,400
|
1,737,162
|
||||||
Popular, Inc.
|
35,500
|
3,127,195
|
||||||
Preferred Bank
|
32,700
|
2,510,379
|
||||||
Premier Financial Corp.
|
123,360
|
2,504,208
|
||||||
Primis Financial Corp.
|
85,856
|
1,044,868
|
||||||
Provident Financial Services, Inc.
|
212,900
|
3,101,953
|
||||||
RBB Bancorp
|
53,432
|
962,310
|
||||||
Sandy Spring Bancorp, Inc.
|
147,700
|
3,423,686
|
||||||
Shore Bancshares, Inc.
|
64,512
|
741,888
|
||||||
Sierra Bancorp
|
37,800
|
763,560
|
||||||
Simmons First National Corp.
|
172,000
|
3,347,120
|
||||||
Southern First Bancshares, Inc. (a)
|
25,177
|
799,622
|
||||||
Synovus Financial Corp.
|
82,800
|
3,316,968
|
||||||
Territorial Bancorp, Inc.
|
54,352
|
438,077
|
||||||
Texas Capital Bancshares, Inc. (a)
|
12,690
|
781,070
|
||||||
Tompkins Financial Corp.
|
28,800
|
1,448,352
|
||||||
Towne Bank
|
27,400
|
768,844
|
||||||
TrustCo Bank Corp.
|
79,792
|
2,246,943
|
||||||
Univest Financial Corp.
|
114,950
|
2,393,259
|
||||||
Valley National Bancorp
|
286,300
|
2,278,948
|
||||||
Veritex Holdings, Inc.
|
109,600
|
2,245,704
|
||||||
WaFd, Inc.
|
141,534
|
4,108,731
|
||||||
Washington Trust Bancorp, Inc.
|
93,930
|
2,524,838
|
||||||
Zions Bancorp NA
|
81,600
|
3,541,439
|
||||||
158,723,949
|
||||||||
Capital Markets - 2.34%
|
||||||||
Diamond Hill Investment Group, Inc.
|
10,900
|
1,680,453
|
||||||
Evercore, Inc.
|
9,110
|
1,754,495
|
||||||
Federated Hermes, Inc.
|
90,500
|
3,268,860
|
||||||
Janus Henderson Group PLC
|
115,600
|
3,802,084
|
||||||
Perella Weinberg Partners
|
141,500
|
1,999,395
|
||||||
Virtu Financial, Inc.
|
192,000
|
3,939,840
|
||||||
Virtus Investment Partners, Inc.
|
14,400
|
3,570,912
|
||||||
20,016,039
|
||||||||
Consumer Finance - 1.30%
|
||||||||
Bread Financial Holdings, Inc.
|
107,000
|
3,984,680
|
||||||
Navient Corp.
|
199,720
|
3,475,128
|
||||||
SLM Corp.
|
166,700
|
3,632,393
|
||||||
11,092,201
|
||||||||
Financial Services - 3.13%
|
||||||||
Enact Holdings, Inc.
|
121,100
|
3,775,898
|
||||||
Essent Group Ltd.
|
59,300
|
3,528,943
|
||||||
Euronet Worldwide, Inc. (a)
|
16,400
|
1,802,852
|
||||||
Merchants Bancorp
|
58,800
|
2,538,984
|
||||||
MGIC Investment Corp.
|
161,600
|
3,613,376
|
||||||
Mr. Cooper Group, Inc. (a)
|
37,200
|
2,899,740
|
||||||
NCR Atleos Corp. (a)
|
72,800
|
1,437,800
|
||||||
NMI Holdings, Inc. (a)
|
101,500
|
3,282,510
|
||||||
Radian Group, Inc.
|
116,200
|
3,889,214
|
||||||
26,769,317
|
||||||||
Insurance - 5.53%
|
||||||||
Ambac Financial Group, Inc. (a)
|
147,900
|
2,311,677
|
||||||
Assured Guaranty Ltd.
|
37,900
|
3,306,775
|
||||||
Axis Capital Holdings Ltd.
|
54,700
|
3,556,594
|
||||||
Brighthouse Financial, Inc. (a)
|
46,300
|
2,386,302
|
||||||
CNO Financial Group, Inc.
|
115,686
|
3,179,051
|
||||||
Employers Holdings, Inc.
|
75,535
|
3,428,534
|
||||||
Enstar Group Ltd. (a)
|
11,139
|
3,461,556
|
||||||
The Hanover Insurance Group, Inc.
|
18,400
|
2,505,528
|
||||||
Horace Mann Educators Corp.
|
94,314
|
3,488,675
|
||||||
Kemper Corp.
|
55,400
|
3,430,368
|
||||||
Lincoln National Corp.
|
69,400
|
2,215,942
|
||||||
Mercury General Corp.
|
48,100
|
2,481,960
|
||||||
ProAssurance Corp. (a)
|
118,500
|
1,523,910
|
||||||
Safety Insurance Group, Inc.
|
18,800
|
1,545,172
|
||||||
SiriusPoint Ltd. (a)
|
129,978
|
1,652,020
|
||||||
Stewart Information Services Corp.
|
52,300
|
3,402,638
|
||||||
White Mountains Insurance Group Ltd.
|
1,900
|
3,409,170
|
||||||
47,285,872
|
||||||||
Mortgage Real Estate Investment Trusts - 1.04%
|
||||||||
Apollo Commercial Real Estate Finance, Inc.
|
126,300
|
1,406,982
|
||||||
Ares Commercial Real Estate Corp.
|
211,400
|
1,574,930
|
||||||
BrightSpire Capital, Inc.
|
218,100
|
1,502,709
|
||||||
Granite Point Mortgage Trust, Inc.
|
323,100
|
1,541,187
|
||||||
Great Ajax Corp.
|
172,134
|
654,109
|
||||||
TPG RE Finance Trust, Inc.
|
282,900
|
2,183,988
|
||||||
8,863,905
|
||||||||
TOTAL FINANCIALS
|
272,751,283
|
|||||||
HEALTH CARE - 1.70%
|
||||||||
Health Care Equipment & Supplies - 0.65%
|
||||||||
Inmode Ltd. (a)
|
154,500
|
3,338,745
|
||||||
Utah Medical Products, Inc.
|
9,900
|
703,989
|
||||||
Zynex, Inc. (a) (l)
|
120,400
|
1,489,348
|
||||||
5,532,082
|
||||||||
Health Care Providers & Services - 0.33%
|
||||||||
Select Medical Holdings Corp.
|
92,700
|
2,794,905
|
||||||
Health Care Technology - 0.19%
|
||||||||
TruBridge, Inc. (a)
|
177,900
|
1,640,238
|
||||||
Pharmaceuticals - 0.53%
|
||||||||
Phibro Animal Health Corp.
|
144,400
|
1,867,092
|
||||||
SIGA Technologies, Inc.
|
309,593
|
2,650,116
|
||||||
4,517,208
|
||||||||
TOTAL HEALTH CARE
|
14,484,433
|
|||||||
INDUSTRIALS - 16.18%
|
||||||||
Aerospace & Defense - 0.98%
|
||||||||
AerSale Corp. (a)
|
259,900
|
1,866,082
|
||||||
Moog, Inc.
|
11,200
|
1,788,080
|
||||||
National Presto Industries, Inc.
|
20,414
|
1,710,693
|
||||||
V2X, Inc. (a)
|
63,955
|
2,987,338
|
||||||
8,352,193
|
||||||||
Building Products - 1.70%
|
||||||||
Armstrong World Industries, Inc.
|
21,600
|
2,683,152
|
||||||
AZZ, Inc.
|
53,300
|
4,120,623
|
||||||
Insteel Industries, Inc.
|
74,900
|
2,862,678
|
||||||
Janus International Group, Inc. (a)
|
58,500
|
885,105
|
||||||
JELD-WEN Holding, Inc. (a)
|
92,600
|
1,965,898
|
||||||
Resideo Technologies, Inc. (a)
|
88,100
|
1,975,202
|
||||||
14,492,658
|
||||||||
Commercial Services & Supplies - 2.20%
|
||||||||
ABM Industries, Inc.
|
80,400
|
3,587,448
|
||||||
Brady Corp.
|
40,100
|
2,377,128
|
||||||
The Brink's Company
|
32,700
|
3,020,826
|
||||||
Ennis, Inc.
|
80,900
|
1,659,259
|
||||||
Healthcare Services Group, Inc. (a)
|
228,500
|
2,851,680
|
||||||
Interface, Inc.
|
207,700
|
3,493,514
|
||||||
Quad/Graphics, Inc.
|
180,000
|
955,800
|
||||||
UniFirst Corp.
|
4,800
|
832,464
|
||||||
18,778,119
|
||||||||
Construction & Engineering - 0.61%
|
||||||||
Primoris Services Corp.
|
27,953
|
1,189,959
|
||||||
Tutor Perini Corp. (a)
|
281,421
|
4,069,348
|
||||||
5,259,307
|
||||||||
Electrical Equipment - 0.53%
|
||||||||
Preformed Line Products Company
|
5,027
|
646,824
|
||||||
Thermon Group Holdings, Inc. (a)
|
118,183
|
3,866,948
|
||||||
4,513,772
|
||||||||
Ground Transportation - 0.50%
|
||||||||
Heartland Express, Inc.
|
182,300
|
2,176,662
|
||||||
Marten Transport Ltd.
|
84,400
|
1,559,712
|
||||||
PAM Transportation Services, Inc. (a)
|
34,517
|
559,521
|
||||||
4,295,895
|
||||||||
Machinery - 4.92%
|
||||||||
Albany International Corp.
|
17,000
|
1,589,670
|
||||||
Barnes Group, Inc.
|
99,800
|
3,707,570
|
||||||
Blue Bird Corp. (a)
|
11,300
|
433,242
|
||||||
Columbus McKinnon Corp.
|
59,500
|
2,655,485
|
||||||
Douglas Dynamics, Inc.
|
29,000
|
699,480
|
||||||
Enerpac Tool Group Corp.
|
54,800
|
1,954,168
|
||||||
Flowserve Corp.
|
75,900
|
3,467,112
|
||||||
Gates Industrial Corp. PLC (a)
|
252,800
|
4,477,087
|
||||||
The Greenbrier Companies, Inc.
|
69,999
|
3,646,948
|
||||||
Hillenbrand, Inc.
|
73,520
|
3,697,321
|
||||||
Kennametal, Inc.
|
27,500
|
685,850
|
||||||
Lindsay Corp.
|
12,400
|
1,458,984
|
||||||
Miller Industries, Inc.
|
26,820
|
1,343,682
|
||||||
Mueller Industries, Inc.
|
68,400
|
3,688,812
|
||||||
Mueller Water Products, Inc.
|
162,900
|
2,621,061
|
||||||
REV Group, Inc.
|
83,100
|
1,835,679
|
||||||
Tennant Company
|
8,900
|
1,082,329
|
||||||
Wabash National Corp.
|
99,182
|
2,969,509
|
||||||
42,013,989
|
||||||||
Passenger Airlines - 0.47%
|
||||||||
Alaska Air Group, Inc. (a)
|
67,000
|
2,880,330
|
||||||
JetBlue Airways Corp. (a)
|
157,800
|
1,170,876
|
||||||
4,051,206
|
||||||||
Professional Services - 3.18%
|
||||||||
Concentrix Corp.
|
39,600
|
2,622,312
|
||||||
Heidrick & Struggles International, Inc.
|
82,010
|
2,760,457
|
||||||
Kforce, Inc.
|
34,600
|
2,439,992
|
||||||
Korn Ferry
|
57,556
|
3,784,882
|
||||||
ManpowerGroup, Inc.
|
45,100
|
3,501,564
|
||||||
Maximus, Inc.
|
38,800
|
3,255,320
|
||||||
Resources Connection, Inc.
|
202,685
|
2,667,335
|
||||||
TrueBlue, Inc. (a)
|
246,000
|
3,079,920
|
||||||
TTEC Holdings, Inc.
|
119,800
|
1,242,326
|
||||||
Verra Mobility Corp. (a)
|
72,000
|
1,797,840
|
||||||
27,151,948
|
||||||||
Trading Companies & Distributors - 1.09%
|
||||||||
DNOW, Inc. (a)
|
66,300
|
1,007,760
|
||||||
Global Industrial Company
|
23,957
|
1,072,794
|
||||||
MRC Global, Inc. (a)
|
66,400
|
834,648
|
||||||
Rush Enterprises, Inc.
|
77,170
|
4,130,139
|
||||||
Titan Machinery, Inc. (a)
|
91,700
|
2,275,077
|
||||||
9,320,418
|
||||||||
TOTAL INDUSTRIALS
|
138,229,505
|
|||||||
INFORMATION TECHNOLOGY - 8.38%
|
||||||||
Communications Equipment - 0.12%
|
||||||||
Aviat Networks, Inc. (a)
|
26,900
|
1,031,346
|
||||||
Electronic Equipment, Instruments & Components - 5.89%
|
||||||||
Avnet, Inc.
|
69,600
|
3,450,768
|
||||||
Belden, Inc.
|
45,170
|
4,183,193
|
||||||
Benchmark Electronics, Inc.
|
28,200
|
846,282
|
||||||
Coherent Corp. (a)
|
33,300
|
2,018,646
|
||||||
Crane NXT Company
|
55,500
|
3,435,450
|
||||||
ePlus, Inc. (a)
|
37,380
|
2,935,825
|
||||||
IPG Photonics Corp. (a)
|
37,400
|
3,391,806
|
||||||
Itron, Inc. (a)
|
44,700
|
4,135,644
|
||||||
Kimball Electronics, Inc. (a)
|
110,400
|
2,390,160
|
||||||
Methode Electronics, Inc.
|
152,100
|
1,852,578
|
||||||
OSI Systems, Inc. (a)
|
12,400
|
1,770,968
|
||||||
Plexus Corp. (a)
|
34,123
|
3,235,543
|
||||||
Sanmina Corp. (a)
|
61,795
|
3,842,413
|
||||||
ScanSource, Inc. (a)
|
61,333
|
2,701,105
|
||||||
TTM Technologies, Inc. (a)
|
210,500
|
3,294,325
|
||||||
Vishay Intertechnology, Inc.
|
150,226
|
3,407,126
|
||||||
Vontier Corp.
|
75,900
|
3,442,824
|
||||||
50,334,656
|
||||||||
IT Services - 0.26%
|
||||||||
DXC Technology Company (a)
|
105,500
|
2,237,655
|
||||||
Semiconductors & Semiconductor Equipment - 1.59%
|
||||||||
Cirrus Logic, Inc. (a)
|
28,300
|
2,619,448
|
||||||
Diodes, Inc. (a)
|
45,849
|
3,232,355
|
||||||
NVE Corp.
|
20,200
|
1,821,636
|
||||||
Photronics, Inc. (a)
|
79,900
|
2,262,768
|
||||||
Semtech Corp. (a)
|
131,100
|
3,603,939
|
||||||
13,540,146
|
||||||||
Software - 0.43%
|
||||||||
ACI Worldwide, Inc. (a)
|
110,300
|
3,663,063
|
||||||
Technology Hardware, Storage & Peripherals - 0.09%
|
||||||||
CPI Card Group, Inc. (a)
|
43,300
|
773,338
|
||||||
TOTAL INFORMATION TECHNOLOGY
|
71,580,204
|
|||||||
MATERIALS - 4.78%
|
||||||||
Chemicals - 2.50%
|
||||||||
AdvanSix, Inc.
|
88,600
|
2,533,960
|
||||||
Alto Ingredients, Inc. (a)
|
934,500
|
2,037,210
|
||||||
Cabot Corp.
|
21,170
|
1,951,874
|
||||||
Core Molding Technologies, Inc. (a)
|
44,900
|
849,957
|
||||||
Ecovyst, Inc. (a)
|
329,600
|
3,675,040
|
||||||
Ingevity Corp. (a)
|
78,000
|
3,720,600
|
||||||
Innospec, Inc.
|
20,700
|
2,669,058
|
||||||
Minerals Technologies, Inc.
|
52,100
|
3,922,088
|
||||||
21,359,787
|
||||||||
Containers & Packaging - 0.72%
|
||||||||
Myers Industries, Inc.
|
85,100
|
1,971,767
|
||||||
Silgan Holdings, Inc.
|
36,800
|
1,787,008
|
||||||
TriMas Corp.
|
88,800
|
2,373,624
|
||||||
6,132,399
|
||||||||
Metals & Mining - 1.13%
|
||||||||
Compass Minerals International, Inc.
|
97,300
|
1,531,502
|
||||||
Haynes International, Inc.
|
14,900
|
895,788
|
||||||
Kaiser Aluminum Corp.
|
48,567
|
4,339,948
|
||||||
Tredegar Corp.
|
438,620
|
2,859,802
|
||||||
9,627,040
|
||||||||
Paper & Forest Products - 0.43%
|
||||||||
Mercer International, Inc.
|
185,900
|
1,849,705
|
||||||
Sylvamo Corp.
|
29,800
|
1,839,852
|
||||||
3,689,557
|
||||||||
TOTAL MATERIALS
|
40,808,783
|
|||||||
REAL ESTATE - 2.32%
|
||||||||
Diversified Real Estate Investment Trusts - 0.39%
|
||||||||
Empire State Realty Trust, Inc.
|
328,500
|
3,327,705
|
||||||
Hotel & Resort Real Estate Investment Trusts - 0.88%
|
||||||||
Park Hotels & Resorts, Inc.
|
226,000
|
3,952,740
|
||||||
Pebblebrook Hotel Trust
|
233,400
|
3,596,694
|
||||||
7,549,434
|
||||||||
Real Estate Management & Development - 0.79%
|
||||||||
Cushman & Wakefield PLC (a)
|
294,200
|
3,077,332
|
||||||
Seritage Growth Properties (a)
|
376,348
|
3,631,758
|
||||||
6,709,090
|
||||||||
Retail Real Estate Investment Trusts - 0.26%
|
||||||||
Alexander's, Inc.
|
10,100
|
2,193,114
|
||||||
TOTAL REAL ESTATE
|
19,779,343
|
|||||||
UTILITIES - 4.21%
|
||||||||
Electric Utilities - 1.47%
|
||||||||
ALLETE, Inc.
|
52,776
|
3,147,561
|
||||||
Otter Tail Corp.
|
35,740
|
3,087,936
|
||||||
PNM Resources, Inc.
|
88,802
|
3,342,507
|
||||||
Portland General Electric Company
|
72,400
|
3,040,800
|
||||||
12,618,804
|
||||||||
Gas Utilities - 1.56%
|
||||||||
Northwest Natural Holding Company
|
81,000
|
3,014,820
|
||||||
ONE Gas, Inc.
|
53,300
|
3,439,449
|
||||||
Southwest Gas Holdings, Inc.
|
50,300
|
3,829,339
|
||||||
Spire, Inc.
|
49,273
|
3,023,884
|
||||||
13,307,492
|
||||||||
Multi-Utilities - 1.18%
|
||||||||
Avista Corp.
|
95,861
|
3,357,052
|
||||||
Black Hills Corp.
|
61,900
|
3,379,740
|
||||||
Northwestern Energy Group, Inc.
|
65,700
|
3,346,101
|
||||||
10,082,893
|
||||||||
TOTAL UTILITIES
|
36,009,189
|
|||||||
Total common stocks (Cost $752,327,837)
|
844,435,077
|
|||||||
Total long-term investments (Cost $752,327,837)
|
844,435,077
|
|||||||
COLLATERAL FOR SECURITIES ON LOAN - 0.23%
|
||||||||
Money Market Funds - 0.23%
|
||||||||
Invesco Short-Term Investments Trust Government & Agency Portfolio - Institutional Class, 5.24%^
|
1,975,435
|
1,975,435
|
||||||
Total collateral for securities on loan (Cost $1,975,435)
|
1,975,435
|
|||||||
Principal
|
||||||||
SHORT-TERM INVESTMENTS - 0.48%
|
Amount
|
|||||||
Time Deposits - 0.48%
|
||||||||
Citigroup, Inc., 4.68%, 04/01/2024*
|
$
|
4,128,725
|
4,128,725
|
|||||
Total short-term investments (Cost $4,128,725)
|
4,128,725
|
|||||||
Total investments - 99.55% (Cost $758,431,997)
|
850,539,237
|
|||||||
Other assets in excess of liabilities - 0.45%
|
3,829,496
|
|||||||
Net assets - 100.00%
|
$
|
854,368,733
|
(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 $1,910,818. The remaining contractual maturity of all of the securities lending transactions is overnight and
continuous.
|
||||||
^
|
- 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
|
$
|
844,435,077
|
||
Money Market Funds
|
1,975,435
|
|||
Level 2 --- Other significant observable market inputs:
|
||||
Time Deposits
|
4,128,725
|
|||
Level 3 --- Significant unobservable inputs
|
-
|
|||
Total Investments
|
$
|
850,539,237
|