Schedule of Investments
January 31, 2024 (Unaudited)
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Common Stock†† (97.2%) | ||||||||
Communication Services (2.2%) | ||||||||
AMC Networks, Cl A* | 49,300 | $ | 892 | |||||
Nexstar Media Group, Cl A | 19,200 | 3,412 | ||||||
Playtika Holding* | 152,200 | 1,099 | ||||||
Shutterstock | 28,200 | 1,325 | ||||||
TEGNA | 125,800 | 1,961 | ||||||
|
| |||||||
8,689 | ||||||||
|
| |||||||
Consumer Discretionary (15.2%) |
| |||||||
Aaron’s | 74,520 | 767 | ||||||
Academy Sports & Outdoors | 42,600 | 2,673 | ||||||
American Axle & Manufacturing Holdings* | 6,900 | 56 | ||||||
AutoNation* | 12,000 | 1,676 | ||||||
Bloomin’ Brands | 115,000 | 3,061 | ||||||
Capri Holdings* | 14,500 | 707 | ||||||
Carriage Services, Cl A | 38,200 | 944 | ||||||
Carter’s | 27,200 | 2,057 | ||||||
Dick’s Sporting Goods | 13,200 | 1,968 | ||||||
Dine Brands Global | 18,400 | 858 | ||||||
Ethan Allen Interiors | 68,900 | 2,007 | ||||||
Genesco* | 34,600 | 961 | ||||||
G-III Apparel Group* | 73,334 | 2,207 | ||||||
Goodyear Tire & Rubber* | 74,800 | 1,043 | ||||||
Group 1 Automotive | 13,000 | 3,381 | ||||||
Guess? | 48,500 | 1,084 | ||||||
H&R Block | 42,900 | 2,009 | ||||||
Harley-Davidson | 55,700 | 1,807 | ||||||
Haverty Furniture | 49,300 | 1,671 | ||||||
JAKKS Pacific* | 2,791 | 88 | ||||||
KB Home | 30,100 | 1,794 | ||||||
Kohl’s | 48,200 | 1,242 | ||||||
Marriott Vacations Worldwide | 8,150 | 684 | ||||||
Meritage Homes | 15,900 | 2,633 | ||||||
Modine Manufacturing* | 11,500 | 794 | ||||||
Nordstrom | 57,000 | 1,034 | ||||||
ODP* | 34,400 | 1,759 | ||||||
Penske Automotive Group | 8,500 | 1,261 | ||||||
Perdoceo Education | 35,600 | 644 | ||||||
Playa Hotels & Resorts* | 152,300 | 1,264 | ||||||
Polaris | 12,900 | 1,160 | ||||||
PVH | 16,500 | 1,984 | ||||||
Sally Beauty Holdings* | 80,000 | 985 | ||||||
Shoe Carnival | 45,300 | 1,155 | ||||||
Smith & Wesson Brands | 84,200 | 1,100 | ||||||
Thor Industries | 10,400 | 1,175 | ||||||
Toll Brothers | 46,200 | 4,590 | ||||||
Tri Pointe Homes* | 81,900 | 2,828 | ||||||
Winnebago Industries | 22,000 | 1,446 | ||||||
|
| |||||||
60,557 | ||||||||
|
| |||||||
Consumer Staples (4.6%) | ||||||||
Coca-Cola Consolidated | 3,050 | 2,627 |
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Consumer Staples (continued) | ||||||||
Energizer Holdings | 52,700 | $ | 1,666 | |||||
Ingles Markets, Cl A | 18,500 | 1,559 | ||||||
Ingredion | 35,800 | 3,851 | ||||||
PriceSmart | 16,710 | 1,270 | ||||||
SpartanNash | 34,500 | 774 | ||||||
Spectrum Brands Holdings | 13,400 | 1,054 | ||||||
Sprouts Farmers Market* | 91,900 | 4,629 | ||||||
United Natural Foods* | 38,400 | 572 | ||||||
|
| |||||||
18,002 | ||||||||
|
| |||||||
Energy (9.0%) | ||||||||
Berry | 172,263 | 1,156 | ||||||
California Resources | 60,300 | 2,875 | ||||||
Chord Energy | 9,400 | 1,446 | ||||||
Civitas Resources | 5,940 | 385 | ||||||
CNX Resources* | 104,100 | 2,103 | ||||||
CONSOL Energy | 17,500 | 1,656 | ||||||
DHT Holdings | 210,200 | 2,338 | ||||||
Gulfport Energy* | 14,200 | 1,802 | ||||||
HF Sinclair | 69,900 | 3,949 | ||||||
Liberty Energy, Cl A | 132,800 | 2,761 | ||||||
Matador Resources | 43,000 | 2,360 | ||||||
Murphy Oil | 58,100 | 2,248 | ||||||
Patterson-UTI Energy | 97,300 | 1,079 | ||||||
PBF Energy, Cl A | 69,800 | 3,526 | ||||||
Peabody Energy | 80,300 | 2,144 | ||||||
Scorpio Tankers | 40,200 | 2,842 | ||||||
World Kinect | 51,331 | 1,158 | ||||||
|
| |||||||
35,828 | ||||||||
|
| |||||||
Financials (28.9%) | ||||||||
Affiliated Managers Group | 9,200 | 1,369 | ||||||
Apollo Commercial Real Estate Finance‡ | 85,482 | 954 | ||||||
Arbor Realty Trust‡ | 116,631 | 1,551 | ||||||
Associated Banc-Corp | 222,100 | 4,666 | ||||||
Atlantic Union Bankshares | 34,500 | 1,179 | ||||||
Axis Capital Holdings | 39,400 | 2,345 | ||||||
Bank of NT Butterfield & Son | 35,000 | 1,062 | ||||||
Bank OZK | 46,400 | 2,093 | ||||||
BankUnited | 60,800 | 1,718 | ||||||
Berkshire Hills Bancorp | 12,300 | 295 | ||||||
Blue Owl Capital | 87,200 | 1,292 | ||||||
Brighthouse Financial* | 23,078 | 1,195 | ||||||
Brookline Bancorp | 106,700 | 1,154 | ||||||
Camden National | 33,283 | 1,199 | ||||||
Carlyle Secured Lending | 90,300 | 1,386 | ||||||
Cathay General Bancorp | 43,603 | 1,795 | ||||||
Central Pacific Financial | 95,300 | 1,836 | ||||||
CNO Financial Group | 181,000 | 4,920 | ||||||
Community Trust Bancorp | 17,000 | 705 | ||||||
Dime Community Bancshares | 62,200 | 1,419 | ||||||
Employers Holdings | 19,291 | 805 |
1
Schedule of Investments
January 31, 2024 (Unaudited)
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Financials (continued) | ||||||||
EVERTEC | 28,500 | $ | 1,145 | |||||
Financial Institutions | 43,990 | 919 | ||||||
First American Financial | 11,900 | 718 | ||||||
First BanCorp | 139,442 | 2,326 | ||||||
First Busey | 103,900 | 2,446 | ||||||
First Commonwealth Financial | 75,200 | 1,054 | ||||||
First Financial | 37,179 | 1,466 | ||||||
First Horizon | 183,400 | 2,612 | ||||||
Flushing Financial | 23,862 | 383 | ||||||
FNB | 157,400 | 2,075 | ||||||
FS KKR Capital | 84,300 | 1,730 | ||||||
Fulton Financial | 139,800 | 2,179 | ||||||
Genworth Financial, Cl A* | 231,200 | 1,426 | ||||||
Golub Capital BDC | 106,023 | 1,618 | ||||||
Great Southern Bancorp | 27,200 | 1,417 | ||||||
Hancock Whitney | 37,200 | 1,678 | ||||||
Hanmi Financial | 72,400 | 1,213 | ||||||
Hope Bancorp | 181,300 | 2,009 | ||||||
Horizon Bancorp | 100,600 | 1,319 | ||||||
International Money Express* | 78,920 | 1,626 | ||||||
Mercantile Bank | 22,500 | 902 | ||||||
MFA Financial‡ | 84,325 | 933 | ||||||
MGIC Investment | 203,900 | 4,045 | ||||||
Mortgage Investment Trust‡ | 1 | — | ||||||
Mr Cooper Group* | 36,600 | 2,465 | ||||||
Navient | 124,700 | 2,147 | ||||||
New Mountain Finance | 112,800 | 1,453 | ||||||
New York Community Bancorp | 147,900 | 957 | ||||||
Oaktree Specialty Lending | 54,200 | 1,148 | ||||||
OceanFirst Financial | 55,200 | 951 | ||||||
OFG Bancorp | 90,500 | 3,328 | ||||||
Old National Bancorp | 136,600 | 2,250 | ||||||
PennantPark Investment | 195,900 | 1,379 | ||||||
Peoples Bancorp | 39,500 | 1,157 | ||||||
Popular | 42,000 | 3,589 | ||||||
Premier Financial | 59,400 | 1,241 | ||||||
Prospect Capital | 129,300 | 758 | ||||||
QCR Holdings | 19,900 | 1,162 | ||||||
Radian Group | 113,000 | 3,275 | ||||||
Regional Management | 38,100 | 929 | ||||||
Rithm Capital‡ | 216,400 | 2,316 | ||||||
Sixth Street Specialty Lending | 64,000 | 1,386 | ||||||
Synovus Financial | 68,200 | 2,568 | ||||||
Towne Bank | 35,050 | 985 | ||||||
Universal Insurance Holdings | 47,900 | 796 | ||||||
Valley National Bancorp | 171,700 | 1,652 | ||||||
WaFd | 57,900 | 1,681 | ||||||
WesBanco | 24,900 | 731 | ||||||
Zions Bancorp | 63,200 | 2,648 | ||||||
|
| |||||||
115,129 | ||||||||
|
|
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Health Care (6.0%) | ||||||||
AMN Healthcare Services* | 12,521 | $ | 927 | |||||
Amneal Pharmaceuticals* | 191,000 | 1,022 | ||||||
Amphastar Pharmaceuticals* | 20,400 | 1,089 | ||||||
Catalyst Pharmaceuticals* | 90,000 | 1,296 | ||||||
Collegium Pharmaceutical* | 20,146 | 664 | ||||||
Computer Programs and Systems* | 35,100 | 356 | ||||||
Cross Country Healthcare* | 50,400 | 1,071 | ||||||
Halozyme Therapeutics* | 49,400 | 1,672 | ||||||
Inmode* | 24,900 | 590 | ||||||
Ironwood Pharmaceuticals, Cl A* | 145,100 | 2,059 | ||||||
Organon | 84,400 | 1,405 | ||||||
Patterson | 113,000 | 3,374 | ||||||
Prestige Consumer Healthcare* | 33,700 | 2,074 | ||||||
QuidelOrtho* | 22,100 | 1,514 | ||||||
Select Medical Holdings | 46,800 | 1,216 | ||||||
United Therapeutics* | 9,600 | 2,062 | ||||||
Zimvie* | 83,900 | 1,467 | ||||||
|
| |||||||
23,858 | ||||||||
|
| |||||||
Industrials (12.4%) | ||||||||
ACCO Brands | 190,900 | 1,161 | ||||||
AGCO | 32,400 | 3,964 | ||||||
Alaska Air Group* | 43,900 | 1,573 | ||||||
Apogee Enterprises | 35,900 | 1,896 | ||||||
ArcBest | 12,300 | 1,465 | ||||||
Atkore* | 33,700 | 5,140 | ||||||
Covenant Logistics Group, Cl A | 30,000 | 1,450 | ||||||
CSG Systems International | 38,000 | 1,912 | ||||||
Deluxe | 70,000 | 1,324 | ||||||
Ennis | 60,900 | 1,240 | ||||||
Gates Industrial* | 108,800 | 1,401 | ||||||
Griffon | 12,948 | 754 | ||||||
Kelly Services, Cl A | 58,300 | 1,198 | ||||||
Moog, Cl A | 11,655 | 1,629 | ||||||
Mueller Industries | 57,800 | 2,775 | ||||||
Oshkosh | 33,800 | 3,721 | ||||||
Park-Ohio Holdings | 16,500 | 408 | ||||||
Primoris Services | 59,900 | 1,965 | ||||||
Quad* | 193,055 | 1,054 | ||||||
Quanex Building Products | 58,460 | 1,825 | ||||||
Rush Enterprises, Cl A | 58,950 | 2,648 | ||||||
Ryder System | 32,100 | 3,646 | ||||||
Timken | 14,100 | 1,155 | ||||||
Wabash National | 55,800 | 1,412 | ||||||
WESCO International | 14,600 | 2,533 | ||||||
|
| |||||||
49,249 | ||||||||
|
| |||||||
Information Technology (6.5%) | ||||||||
Adeia | 84,634 | 1,027 | ||||||
Amkor Technology | 110,600 | 3,502 | ||||||
Avnet | 55,900 | 2,532 |
2
Schedule of Investments
January 31, 2024 (Unaudited)
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Information Technology (continued) |
| |||||||
Axcelis Technologies* | 7,300 | $ | 949 | |||||
Cirrus Logic* | 22,500 | 1,737 | ||||||
Immersion | 152,069 | 1,039 | ||||||
Information Services Group | 182,750 | 808 | ||||||
Photronics* | 67,500 | 1,972 | ||||||
Progress Software | 18,900 | 1,074 | ||||||
Sanmina* | 57,600 | 3,446 | ||||||
ScanSource* | 45,525 | 1,787 | ||||||
TD SYNNEX | 10,400 | 1,040 | ||||||
Vishay Intertechnology | 77,500 | 1,684 | ||||||
Vishay Precision Group* | 49,441 | 1,576 | ||||||
Vontier | 55,200 | 1,909 | ||||||
|
| |||||||
26,082 | ||||||||
|
| |||||||
Materials (5.5%) | ||||||||
AdvanSix | 58,200 | 1,477 | ||||||
Berry Global Group | 72,000 | 4,713 | ||||||
Chemours | 36,600 | 1,104 | ||||||
Commercial Metals | 31,500 | 1,645 | ||||||
Greif, Cl A | 16,300 | 1,021 | ||||||
Ingevity* | 29,700 | 1,294 | ||||||
Koppers Holdings | 40,100 | 2,051 | ||||||
O-I Glass, Cl I* | 130,300 | 1,897 | ||||||
SunCoke Energy | 157,800 | 1,617 | ||||||
Sylvamo | 54,100 | 2,512 | ||||||
Warrior Met Coal | 43,600 | 2,798 | ||||||
|
| |||||||
22,129 | ||||||||
|
| |||||||
Real Estate (6.0%) | ||||||||
American Assets Trust‡ | 100,000 | 2,243 | ||||||
Apple Hospitality‡ | 116,600 | 1,873 | ||||||
Brandywine Realty Trust‡ | 193,600 | 918 | ||||||
City Office‡ | 130,200 | 683 | ||||||
CTO Realty Growth‡ | 94,350 | 1,560 | ||||||
EPR Properties‡ | 53,600 | 2,373 | ||||||
Franklin Street Properties‡ | 190,100 | 468 | ||||||
Gladstone Commercial‡ | 45,800 | 587 | ||||||
Global Medical‡ | 101,134 | 1,022 | ||||||
Global Net Lease‡ | 124,441 | 1,051 | ||||||
Industrial Logistics Properties Trust‡ | 85,200 | 339 | ||||||
Kite Realty Group Trust‡ | 65,800 | 1,408 | ||||||
National Health Investors‡ | 17,100 | 909 | ||||||
Office Properties Income Trust‡ | 58,300 | 214 | ||||||
Park Hotels & Resorts‡ | 123,600 | 1,864 | ||||||
Sabra Health Care‡ | 161,700 | 2,157 | ||||||
Service Properties Trust‡ | 150,500 | 1,163 | ||||||
Tanger Factory Outlet Centers‡ | 40,600 | 1,092 | ||||||
Uniti Group‡ | 274,400 | 1,443 | ||||||
|
| |||||||
23,367 | ||||||||
|
| |||||||
Utilities (0.9%) | ||||||||
National Fuel Gas | 46,900 | 2,212 |
LSV Small Cap Value Fund | ||||||||
Shares | Value (000) | |||||||
Utilities (continued) | ||||||||
UGI | 57,500 | $ | 1,273 | |||||
|
| |||||||
3,485 | ||||||||
|
| |||||||
TOTAL COMMON STOCK | 386,375 | |||||||
|
| |||||||
Face Amount (000) | ||||||||
Repurchase Agreement (3.0%) |
| |||||||
South Street Securities 4.950%, dated 01/31/2024, to be repurchased on 02/01/2024, repurchase price $11,944 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $4,877, 0.375% - 4.500%, 04/30/2025 – 11/15/2033; total market value $12,181) | $ | 11,943 | 11,943 | |||||
|
| |||||||
TOTAL REPURCHASE AGREEMENT |
| 11,943 | ||||||
|
| |||||||
Total Investments – 100.2% | $ | 398,318 | ||||||
|
|
Percentages are based on Net Assets of $397,479 (000).
* | Non-income producing security. |
‡ | Real Estate Investment Trust. |
†† | Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting. |
Cl — Class
LSV-QH-004-2200
3