NPORT-P false 0001145022 XXXXXXXX S000006216 C000017138 C000017137 C000205770 C000017139 HOTCHKIS & WILEY FUNDS /DE/ 811-10487 0001145022 549300DFU8YF1PWZ5A57 601 South Figueroa Street 39th Floor Los Angeles 90017-5704 213-430-1000 Hotchkis and Wiley Value Opportunities Fund S000006216 549300JLT8FMOBXCJA12 2020-06-30 2019-12-31 N 809996853.580000000000 28670481.610000000000 781326371.970000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Alphabet Inc 5493006MHB84DD0ZWV18 02079K305 11100.000000000000 NS USD 14867229.000000000000 1.9028192998 Long EC CORP US N 1 N N N AMERCO 5493003WIDMLDHYC6Y24 023586100 69000.000000000000 NS USD 25931580.000000000000 3.3189177955 Long EC CORP US N 1 N N N AMERICAN INTERNATIONAL GROUP ODVCVCQG2BP6VHV36M30 026874156 117400.000000000000 NS USD 1206872.000000000000 0.1544645161 N/A DE CORP US N 1 New York N/A Call Purchased American International Group I American International Group Inc 1.000000000000 42.941300000000 USD 2021-01-19 XXXX 319513.380000000000 N N N American International Group I ODVCVCQG2BP6VHV36M30 026874784 598600.000000000000 NS USD 30726138.000000000000 3.9325612321 Long EC CORP US N 1 N N N Apache Corp 72ZZ1XRHOOU9P9X16K08 037411105 478100.000000000000 NS USD 12234579.000000000000 1.5658730383 Long EC CORP US N 1 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 060505104 897600.000000000000 NS USD 31613472.000000000000 4.0461288821 Long EC CORP US N 1 N N N JG Boswell Co 549300F07JHRNLXLEC77 101205102 3401.000000000000 NS USD 2040600.000000000000 0.2611712689 Long EC CORP US N 1 N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 172967424 194800.000000000000 NS USD 15562572.000000000000 1.9918145039 Long EC CORP US N 1 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 20030N101 309600.000000000000 NS USD 13922712.000000000000 1.7819329411 Long EC CORP US N 1 N N N Corning Inc 549300X2937PB0CJ7I56 219350105 432300.000000000000 NS USD 12584253.000000000000 1.6106269354 Long EC CORP US N 1 N N N Discovery Inc 5493006ZCRFWKF6B1K26 25470F302 428800.000000000000 NS USD 13074112.000000000000 1.6733227585 Long EC CORP US N 1 N N N Equitrans Midstream Corp 549300RH0NLJNZ5SXU64 294600101 122300.000000000000 NS USD 1633928.000000000000 0.2091223410 Long EC CORP US N 1 N N N FREDDIE MAC S6XOOCT0IEG5ABCC6L87 313400715 18700.000000000000 NS USD 329120.000000000000 0.0421232422 Long EP USGSE US N 1 N N N FED HOME LOAN MORTGAGE S6XOOCT0IEG5ABCC6L87 313400764 118600.000000000000 NS USD 2074314.000000000000 0.2654862391 Long EP USGSE US N 1 N N N FREDDIE MAC S6XOOCT0IEG5ABCC6L87 313400830 33900.000000000000 NS USD 657490.500000000000 0.0841505578 Long EP USGSE US N 2 N N N GEO GROUP INC/THE 5493003VOR6NTY465495 36162JAA4 4030000.000000000000 PA USD 3668972.450000000000 0.4695825690 Long DBT CORP US N 2 2024-10-15 Fixed 5.875000000000 N N N N N N General Electric Co 3C7474T6CDKPR9K6YT90 369604103 4687500.000000000000 NS USD 52312500.000000000000 6.6953454890 Long EC CORP US N 1 N N N GENERAL ELECTRIC CO 3C7474T6CDKPR9K6YT90 369604BQ5 12605000.000000000000 PA USD 12365252.900000000000 1.5825976626 Long EP CORP US N 2 N N N General Motors Co 54930070NSV60J38I987 37045V100 554066.000000000000 NS USD 20278815.600000000000 2.5954346772 Long EC CORP US N 1 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 38141G104 134400.000000000000 NS USD 30902592.000000000000 3.9551451364 Long EC CORP US N 1 N N N Danieli & C Officine Meccanich 815600B4B8C6A353E566 T73148107 572600.000000000000 NS 6487111.610000000000 0.8302691222 Long EC CORP IT N 1 N N N Hess Corp UASVRYNXNK17ULIGK870 42809H107 66600.000000000000 NS USD 4449546.000000000000 0.5694862172 Long EC CORP US N 1 N N N Hewlett Packard Enterprise Co 549300BX44RGX6ANDV88 42824C109 734300.000000000000 NS USD 11645998.000000000000 1.4905420344 Long EC CORP US N 1 N N N Hudson Global Inc 54930073WVI9H7ILKL69 443787205 48170.000000000000 NS USD 575631.500000000000 0.0736736300 Long EC CORP US N 1 N N N Henkel AG & Co KGaA 549300VZCL1HTH4O4Y49 D3207M102 121500.000000000000 NS 11420144.250000000000 1.4616355802 Long EC CORP DE N 2 N N N Kosmos Energy Ltd 213800YDFJ3OT9B5P157 500688106 563700.000000000000 NS USD 3213090.000000000000 0.4112353192 Long EC CORP US N 1 N N N Maui Land & Pineapple Co Inc N/A 577345101 377300.000000000000 NS USD 4244625.000000000000 0.5432588931 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 594918104 349100.000000000000 NS USD 55053070.000000000000 7.0461041602 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 617446448 545700.000000000000 NS USD 27896184.000000000000 3.5703625272 Long EC CORP US N 1 N N N Motors Liquidation Co GUC Trus N/A 62010U101 1623100.000000000000 NS USD 14364435.000000000000 1.8384679585 Long EC CORP US N 1 N N N National Oilwell Varco Inc 549300EHF3IW1AR6U008 637071101 1070300.000000000000 NS USD 26811015.000000000000 3.4314744724 Long EC CORP US N 1 N N N News Corp 549300ITS31QK8VRBQ14 65249B109 1677100.000000000000 NS USD 23714194.000000000000 3.0351201304 Long EC CORP US N 1 N N N Office Depot Inc 549300OI428NU7XTM839 676220106 3029600.000000000000 NS USD 8301104.000000000000 1.0624374522 Long EC CORP US N 1 N N N Oracle Corp 1Z4GXXU7ZHVWFCD8TV52 68389X105 592800.000000000000 NS USD 31406544.000000000000 4.0196446871 Long EC CORP US N 1 N N N JC PENNEY CORP INC 8TDNUQ07MEFMWW1VHP39 708160CB0 14080000.000000000000 PA USD 12108659.200000000000 1.5497568794 Long DBT CORP US N 2 2023-07-01 Fixed 5.875000000000 N N N N N N PepsiCo Inc FJSUNZKFNQ5YPJ5OT455 713448108 29200.000000000000 NS USD 3990764.000000000000 0.5107678613 Long EC CORP US N 1 N N N Royal Dutch Shell PLC 21380068P1DRHMJ8KU70 780259206 197900.000000000000 NS USD 11672142.000000000000 1.4938881393 Long EC CORP NL N 1 N N N Seritage Growth Properties 5493003CJFC2MM82WB25 81752R100 773100.000000000000 NS USD 30985848.000000000000 3.9658008627 Long EC CORP US N 1 N N ViacomCBS Inc 5KYC8KF17ROCY24M3H09 92556H206 197400.000000000000 NS USD 8284878.000000000000 1.0603607272 Long EC CORP US N 1 N N N Vodafone Group PLC 213800TB53ELEUKM7Q61 92857W308 763300.000000000000 NS USD 14754589.000000000000 1.8884027891 Long EC CORP GB N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 949746101 650900.000000000000 NS USD 35018420.000000000000 4.4819196249 Long EC CORP US N 1 N N N Rockhopper Exploration PLC 213800IPXW6XRLVCL581 G7609W102 5048100.000000000000 NS 999001.430000000000 0.1278596840 Long EC CORP GB N 1 N N N Cairn Energy PLC 213800ZJEUQ8ZOC9AL24 G17528269 6800500.000000000000 NS 18604475.940000000000 2.3811401493 Long EC CORP GB N 2 N N N Royal Mail PLC 213800TCZZU84G8Z2M70 G7368G108 8211500.000000000000 NS 24695955.180000000000 3.1607732781 Long EC CORP GB N 2 N N N N/A N/A N/A -150.000000000000 NC USD 79069.500000000000 0.0101199067 N/A DFE US N 1 Chicago Mercantile Exchange SNZ2OJLFK8MNNCLQOF39 Short British Pound/US Dollar Cross Currency Rate British Pound/US Dollar Cross Currency Rate 2020-03-16 -12540319.500000000000 USD 79069.500000000000 N N N N/A N/A 000000000 3000.000000000000 NC USD 12000.000000000000 0.0015358499 N/A DE US N 1 NYSEAmerican N/A Put Purchased iShares China Large-Cap ETF iShares China Large-Cap ETF 100.000000000000 40.000000000000 USD 2020-01-17 XXXX -1072890.000000000000 N N N N/A N/A 000000000 2100.000000000000 NC USD 452550.000000000000 0.0579207379 N/A DE US N 2 NYSEAmerican N/A Put Purchased iShares China Large-Cap ETF iShares China Large-Cap ETF 100.000000000000 40.000000000000 USD 2021-01-15 XXXX -657623.000000000000 N N N Enstar Group Ltd 213800AMAL5QFXVUCN04 G3075P101 25100.000000000000 NS USD 5192186.000000000000 0.6645348457 Long EC CORP BM N 1 N N N Global Indemnity Ltd N/A G3933F105 104400.000000000000 NS USD 3093372.000000000000 0.3959129131 Long EC CORP KY N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 G5960L103 81200.000000000000 NS USD 9212140.000000000000 1.1790386618 Long EC CORP IE N 1 N N N American Zinc Recycling LLC 5493003TN4GTBCPH6K85 000000000 7042.295700000000 NS USD 2228252.780000000000 0.2851884769 Long EC CORP US Y 3 N N N Iracore International Holdings Inc 5493001MEBLCGW71EE69 000000000 32422.000000000000 NS USD 9602747.960000000000 1.2290315935 Long EC CORP US Y 3 N N N Lonestar Resources America Inc 549300SMXPFO4S25OB75 000000000 80000.000000000000 NS USD .000000000000 0.0000000000 N/A DE CORP US Y 2 Lonestar Resources America Inc 549300SMXPFO4S25OB75 Call Purchased Lonestar Resources US Inc Lonestar Resources US Inc 1.000000000000 5.000000000000 USD 2021-12-31 XXXX -339200.000000000000 N N N ASCENA RETAIL GROUP INC 549300315OFTD1VN3V49 04349TAF5 19870000.000000000000 PA USD 13610950.000000000000 1.7420313058 Long LON CORP US Y 2 2022-08-21 Floating 6.250000000000 N N N N N N MCDERMOTT INTERNATIONAL I 549300MSF84ZAB7RHN59 58004GAB4 8000000.000000000000 PA USD 4752000.000000000000 0.6081965451 Long LON CORP US Y 2 2025-05-10 Floating 7.104380000000 N N N N N N MCDERMOTT TECHNOLOGY 549300MSF84ZAB7RHN59 58004GAE8 12999999.61 PA USD 6001057.67 0.7680602992 Long LON CORP US Y 2 2021-10-21 Floating 11.905761250000 N N N N N N Frank's International NV 724500LJYA8QIT73H017 N33462107 2435300.000000000000 NS USD 12590501.000000000000 1.6114266012 Long EC CORP NL N 1 N N N Iracore International Holdings Inc 5493001MEBLCGW71EE69 000000000 3802486.000000000000 PA USD 3802486.000000000000 0.4866706330 Long LON CORP US Y 3 2021-04-13 Floating 11.250000000000 N N N N N N N/A N/A 000000000 50.000000000000 NC USD 38950.000000000000 0.0049851127 N/A DE US N 1 NYSEAmerican N/A Put Purchased Tesla Inc Tesla Inc 100.000000000000 270.000000000000 USD 2020-06-19 XXXX -308881.500000000000 N N N N/A N/A 000000000 50.000000000000 NC USD 136350.000000000000 0.0174510940 N/A DE US N 1 NYSEAmerican N/A Put Purchased Tesla Inc Tesla Inc 100.000000000000 300.000000000000 USD 2021-01-15 XXXX -313731.500000000000 N N N N/A N/A N/A 210.000000000000 NC USD 2051280.000000000000 0.2625381753 N/A DE US N 1 NYSEAmerican N/A Put Purchased Tesla Inc Tesla Inc 100.000000000000 450.000000000000 USD 2021-01-15 XXXX -2225962.300000000000 N N N N/A N/A N/A 355.000000000000 NC USD 4383185.000000000000 0.5609928395 N/A DE US N 1 NYSEAmerican N/A Put Purchased Tesla Inc Tesla Inc 100.000000000000 500.000000000000 USD 2021-01-15 XXXX -3859993.650000000000 N N N STIT - Government & Agency Por 5493007T1J7WZ5QI1A47 825252885 15057125.000000000000 NS USD 15057125.000000000000 1.9271236119 Long STIV RF US N 1 N N Brown Brothers Harriman and Co. 5493006KMX1VFTPYPW14 000000000 23395125.77 PA USD 23395125.77 2.9942833890 Long STIV CORP US N 1 2019-12-31 Fixed 0.92 N N N N N N Brown Brothers Harriman and Co. 5493006KMX1VFTPYPW14 000000000 41.49 PA 29.12 0.0000037270 Long STIV CORP US N 1 2019-12-31 Fixed 0.35 N N N N N N Brown Brothers Harriman and Co. 5493006KMX1VFTPYPW14 000000000 96.17 PA 74.06 0.0000094788 Long STIV CORP US N 1 2019-12-31 Fixed 0.84 N N N N N N Brown Brothers Harriman and Co. 5493006KMX1VFTPYPW14 000000000 141.92 PA 187.99 0.0000240604 Long STIV CORP US N 1 2019-12-31 Fixed 0.38 N N N N N N 2020-01-29 HOTCHKIS & WILEY FUNDS /DE/ /s/ James Menvielle James Menvielle Treasurer / Principal Financial Officer