| LYRICAL U.S. VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS | ||||||||
| August 31, 2026 (Unaudited) | ||||||||
| COMMON STOCKS - 99.8% | Shares | Value | ||||||
| Communications - 9.1% | ||||||||
| Internet Media & Services - 9.1% | ||||||||
| Expedia Group, Inc. | 247,676 | $ | 78,543,013 | |||||
| Uber Technologies, Inc. (a) | 551,926 | 41,753,202 | ||||||
| 120,296,215 | ||||||||
| Consumer Discretionary - 8.7% | ||||||||
| E-Commerce Discretionary - 4.9% | ||||||||
| eBay, Inc. | 621,216 | 64,333,129 | ||||||
| Retail - Discretionary - 2.7% | ||||||||
| AutoNation, Inc. (a) | 73,318 | 14,755,247 | ||||||
| Lithia Motors, Inc. | 57,887 | 21,263,053 | ||||||
| 36,018,300 | ||||||||
| Wholesale - Discretionary - 1.1% | ||||||||
| LKQ Corporation | 570,849 | 14,328,310 | ||||||
| Financials - 14.4% | ||||||||
| Asset Management - 6.2% | ||||||||
| Affiliated Managers Group, Inc. | 84,093 | 30,962,202 | ||||||
| Ameriprise Financial, Inc. | 93,222 | 51,562,020 | ||||||
| 82,524,222 | ||||||||
| Insurance - 4.3% | ||||||||
| Assurant, Inc. | 121,942 | 34,370,572 | ||||||
| Primerica, Inc. | 76,321 | 21,953,736 | ||||||
| 56,324,308 | ||||||||
| Specialty Finance - 3.9% | ||||||||
| AerCap Holdings N.V. | 349,798 | 51,049,520 | ||||||
| Health Care - 18.1% | ||||||||
| Health Care Facilities & Services - 18.1% | ||||||||
| Centene Corporation (a) | 581,024 | 37,383,084 | ||||||
| Cigna Group (The) | 123,809 | 34,181,189 | ||||||
| HCA Healthcare, Inc. | 99,288 | 41,149,912 | ||||||
| Henry Schein, Inc. (a) | 267,544 | 24,025,451 | ||||||
| ICON plc (a) | 171,778 | 28,341,652 | ||||||
| IQVIA Holdings, Inc. (a) | 282,443 | 73,771,287 | ||||||
| 238,852,575 | ||||||||
| Industrials - 7.7% | ||||||||
| Electrical Equipment - 4.9% | ||||||||
| Johnson Controls International plc | 468,378 | 64,748,575 | ||||||
| LYRICAL U.S. VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||||||
| COMMON STOCKS - 99.8% (Continued) | Shares | Value | ||||||
| Industrials - 7.7% (Continued) | ||||||||
| Industrial Support Services - 2.8% | ||||||||
| WESCO International, Inc. | 108,319 | $ | 36,871,787 | |||||
| Technology - 38.2% | ||||||||
| Semiconductors - 3.6% | ||||||||
| NXP Semiconductors N.V. | 210,150 | 47,208,096 | ||||||
| Software - 6.7% | ||||||||
| Concentrix Corporation | 126,737 | 3,814,784 | ||||||
| Gen Digital, Inc. | 1,270,576 | 39,387,856 | ||||||
| SS&C Technologies Holdings, Inc. | 537,217 | 44,572,894 | ||||||
| 87,775,534 | ||||||||
| Technology Hardware - 17.5% | ||||||||
| Arrow Electronics, Inc. (a) | 143,071 | 29,248,005 | ||||||
| Flex Ltd. (a) | 801,312 | 87,543,336 | ||||||
| NetApp, Inc. | 410,630 | 76,085,633 | ||||||
| TD SYNNEX Corporation | 148,892 | 37,647,342 | ||||||
| 230,524,316 | ||||||||
| Technology Services - 10.4% | ||||||||
| Corpay, Inc. (a) | 149,522 | 60,451,745 | ||||||
| Fidelity National Information Services, Inc. | 688,736 | 28,079,767 | ||||||
| Global Payments, Inc. | 352,723 | 32,115,429 | ||||||
| WEX, Inc. (a) | 88,318 | 16,831,644 | ||||||
| 137,478,585 | ||||||||
| Utilities - 3.6% | ||||||||
| Electric Utilities - 3.6% | ||||||||
| NRG Energy, Inc. | 423,703 | 46,658,175 | ||||||
| Total Common Stocks (Cost $832,060,652) | $ | 1,314,991,647 | ||||||
| LYRICAL U.S. VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||||||
| MONEY MARKET FUNDS - 0.2% | Shares | Value | ||||||
| Invesco Treasury Portfolio - Institutional Class, 3.66% (b) (Cost $2,150,502) | 2,150,502 | $ | 2,150,502 | |||||
| Investments at Value - 100.0% (Cost $834,211,154) | $ | 1,317,142,149 | ||||||
| Liabilities in Excess of Other Assets – (0.0%) (c) | (130,223 | ) | ||||||
| Net Assets - 100.0% | $ | 1,317,011,926 | ||||||
| N.V. | - Naamloze Vennootschap |
| plc | - Public Limited Company |
| (a) | Non-income producing security. |
| (b) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| (c) | Percentage rounds to less than 0.1%. |
| LYRICAL INTERNATIONAL VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS | ||||||||
| August 31, 2026 (Unaudited) | ||||||||
| COMMON STOCKS - 98.3% | Shares | Value | ||||||
| Belgium - 3.7% | ||||||||
| D'ieteren Group | 6,737 | $ | 1,398,476 | |||||
| Canada - 7.1% | ||||||||
| Element Fleet Management Corporation | 59,098 | 1,123,909 | ||||||
| Linamar Corporation | 8,779 | 625,628 | ||||||
| Open Text Corporation | 38,648 | 964,561 | ||||||
| 2,714,098 | ||||||||
| Cayman Islands - 3.1% | ||||||||
| Grab Holdings Ltd. - Class A (a) | 338,439 | 1,198,074 | ||||||
| Finland - 3.3% | ||||||||
| Konecranes OYJ | 36,278 | 1,244,711 | ||||||
| France - 13.0% | ||||||||
| Bollore SE | 261,792 | 1,167,232 | ||||||
| Elis S.A. | 34,400 | 956,711 | ||||||
| Rexel S.A. | 37,840 | 1,578,069 | ||||||
| SPIE S.A. | 25,633 | 1,295,590 | ||||||
| 4,997,602 | ||||||||
| Germany - 7.6% | ||||||||
| Brenntag SE | 21,039 | 1,531,782 | ||||||
| Fresenius SE & Company KGaA | 26,619 | 1,394,352 | ||||||
| 2,926,134 | ||||||||
| Hong Kong - 4.4% | ||||||||
| CK Hutchison Holdings Ltd. | 189,826 | 1,695,082 | ||||||
| Ireland - 4.1% | ||||||||
| ICON plc (a) | 9,572 | 1,579,284 | ||||||
| Japan - 19.8% | ||||||||
| Air Water, Inc. | 32,753 | 536,728 | ||||||
| Kraftia Corporation | 10,424 | 528,712 | ||||||
| Nintendo Company Ltd. - ADR | 86,517 | 1,208,642 | ||||||
| Nippon Paint Holdings Company Ltd. | 241,810 | 1,824,161 | ||||||
| Renesas Electronics Corporation | 93,568 | 1,956,830 | ||||||
| Sony Group Corporation | 62,657 | 1,548,306 | ||||||
| 7,603,379 | ||||||||
| LYRICAL INTERNATIONAL VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||||||
| COMMON STOCKS - 98.3% (Continued) | Shares | Value | ||||||
| Netherlands - 8.5% | ||||||||
| AerCap Holdings N.V. | 10,743 | $ | 1,567,834 | |||||
| Euronext N.V. | 9,010 | 1,706,574 | ||||||
| 3,274,408 | ||||||||
| South Korea - 4.1% | ||||||||
| Samsung Electronics Company Ltd. - GDR | 340 | 1,581,079 | ||||||
| Sweden - 4.6% | ||||||||
| Evolution AB (a) | 20,432 | 1,771,545 | ||||||
| Switzerland - 8.7% | ||||||||
| Johnson Controls International plc | 11,802 | 1,631,509 | ||||||
| Julius Baer Group Ltd. | 18,421 | 1,710,918 | ||||||
| 3,342,427 | ||||||||
| United Kingdom - 2.6% | ||||||||
| Babcock International Group plc | 71,207 | 1,007,862 | ||||||
| United States - 3.7% | ||||||||
| Sunbelt Rentals Holdings, Inc. | 9,872 | 713,548 | ||||||
| Sunbelt Rentals Holdings, Inc. | 9,941 | 706,427 | ||||||
| 1,419,975 | ||||||||
| Total Common Stocks (Cost $33,823,651) | $ | 37,754,136 | ||||||
| LYRICAL INTERNATIONAL VALUE EQUITY FUND | ||||||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||||||
| MONEY MARKET FUNDS - 1.5% | Shares | Value | ||||||
| Invesco Treasury Portfolio - Institutional Class, 3.66% (b) (Cost $581,812) | 581,812 | $ | 581,812 | |||||
| Investments at Value - 99.8% (Cost $34,405,463) | $ | 38,335,948 | ||||||
| Other Assets in Excess of Liabilities - 0.2% | 57,598 | |||||||
| Net Assets - 100.0% | $ | 38,393,546 | ||||||
| AB | - Aktiebolag |
| ADR | - American Depositary Receipt |
| GDR | - Global Depositary Receipt |
| KGaA | - Kommanditgesellschaft auf Aktien |
| N.V. | - Naamloze Vennootschap |
| OYJ | - Julkinen Osakeyhtio |
| plc | - Public Limited Company |
| S.A. | - Societe Anonyme |
| SE | - Societe Europaea |
| (a) | Non-income producing security. |
| (b) | The rate shown is the 7-day effective yield as of August 31, 2026. |
| LYRICAL INTERNATIONAL VALUE EQUITY FUND | ||
| SCHEDULE OF INVESTMENTS (Continued) | ||
| August 31, 2026 (Unaudited) | ||
| Common Stocks by Sector/Industry | % of Net Assets | |
| Communications - 6.2% | ||
| 3.1 | % | |
| Internet Media & Services | 3.1 | % |
| Consumer Discretionary - 9.9% | ||
| Automotive | 1.6 | % |
| Leisure Facilities & Services | 4.6 | % |
| Retail - Discretionary | 3.7 | % |
| Consumer Staples - 4.4% | ||
| Retail - Consumer Staples | 4.4 | % |
| Financials - 13.0% | ||
| Asset Management | 4.5 | % |
| Institutional Financial Services | 4.4 | % |
| Specialty Finance | 4.1 | % |
| Health Care - 7.7% | ||
| Health Care Facilities & Services | 7.7 | % |
| Industrials - 28.1% | ||
| Commercial Support Services | 2.5 | % |
| Electrical Equipment | 4.3 | % |
| Engineering & Construction | 4.8 | % |
| Industrial Support Services | 10.7 | % |
| Machinery | 3.2 | % |
| Transportation & Logistics | 2.6 | % |
| Materials - 10.1% | ||
| Chemicals | 10.1 | % |
| Technology - 18.9% | ||
| Semiconductors | 5.1 | % |
| Software | 2.5 | % |
| Technology Hardware | 11.3 | % |
| 98.3 | % | |