Schedule of Investments - March 31, 2021
Hotchkis & Wiley International Small Cap Diversified Value Fund (Unaudited)
Country Breakdown* (% of net assets)
Japan	27.32%
United Kingdom	16.83%
France	6.31%
Australia	6.17%
Italy	6.06%
Germany	3.91%
Canada	3.54%
Sweden	3.15%
Switzerland	2.82%
Spain	2.50%
Austria	2.38%
Ireland	2.25%
Israel	2.22%
Singapore	1.83%
Denmark	1.80%
Finland	1.53%
United States	1.35%
Netherlands	1.32%
Norway	1.01%
Hong Kong	0.96%
Malaysia	0.87%
Poland	0.79%
Czech Republic	0.73%
Portugal	0.61%
New Zealand	0.39%
Belgium	0.38%
Short-term securities and other assets in excess of liabilities	0.97%
* Based on country of risk.

	Shares
COMMON STOCKS - 99.03%	Held		Value
COMMUNICATION SERVICES - 2.63%
Diversified Telecommunication Services - 0.44%
O2 Czech Republic AS		2,400	$	27,929
Entertainment - 0.35%
Akatsuki, Inc. (v)		300		12,173
GungHo Online Entertainment, Inc. (v)		500		9,906
				22,079
Media - 1.84%
APG SGA SA (a) (v)		140		32,335
Atresmedia Corp. de Medios de Comunicacion SA (a) (v)		3,400		14,026
ITV PLC (a) (v)		8,500		14,071
Metropole Television SA (v)		1,200		25,627
Reach PLC		6,811		20,235
TX Group AG		130		10,412
				116,706
TOTAL COMMUNICATION SERVICES				166,714
CONSUMER DISCRETIONARY - 12.64%
Auto Components - 1.55%
Cie Plastic Omnium SA (v)		500		18,299
FCC Company Ltd. (v)		1,100		18,527
Hella GmbH & Company KGaA (a) (v)		200		11,231
NHK Spring Company Ltd. (v)		2,600		19,567
Nokian Renkaat Oyj (v)		300		10,867
Toyota Boshoku Corp. (v)		1,200		19,900
				98,391
Automobiles - 1.28%
Mazda Motor Corp. (a) (v)		4,500		36,870
Mitsubishi Motors Corp. (a) (v)		8,900		25,448
Trigano SA (v)		100		18,691
				81,009
Distributors - 0.52%
Inchcape PLC (v)		3,200		33,200
Hotels, Restaurants & Leisure - 0.83%
888 Holdings PLC (v)		2,800		15,235
Dalata Hotel Group PLC (a)		7,500		37,160
				52,395
Household Durables - 2.78%
Bellway PLC (v)		800		37,523
Countryside Properties PLC (a) (r) (v)		2,100		14,683
Crest Nicholson Holdings PLC (a) (v)		4,100		23,017
Foster Electric Company Ltd. (v)		2,100		24,867
Henry Boot PLC		2,800		10,229
Redrow PLC (v)		4,200		36,364
Tamron Company Ltd. (v)		1,500		29,274
				175,957
Internet & Catalog Retail - 0.22%
Takkt AG (v)		900		13,624
Leisure Products - 0.35%
Photo-Me International PLC (a) (v)		28,000		21,946
Specialty Retail - 4.25%
Adastria Company Ltd. (v)		1,600		29,405
AOKI Holdings, Inc. (v)		5,800		32,427
Bilia AB (v)		2,400		35,526
Geo Holdings Corp. (v)		1,500		16,128
Kingfisher PLC (v)		7,900		34,626
Mobilezone Holding AG (v)		1,100		14,358
Premier Investments Ltd. (v)		1,000		19,840
Unieuro SpA (a) (r) (v)		1,900		48,198
United Arrows Ltd. (a) (v)		2,000		38,162
				268,670
Textiles, Apparel & Luxury Goods - 0.86%
Chargeurs SA (v)		700		18,967
HUGO BOSS AG (v)		900		35,365
				54,332
TOTAL CONSUMER DISCRETIONARY				799,524
CONSUMER STAPLES - 6.78%
Beverages - 1.28%
Britvic PLC (v)		2,800		32,237
Corby Spirit and Wine Ltd.		1,300		18,175
Stock Spirits Group PLC (v)		8,000		30,805
				81,217
Food & Staples Retailing - 1.79%
Amsterdam Commodities NV		400		10,015
Arcs Company Ltd. (v)		800		17,313
Kato Sangyo Company Ltd. (v)		900		29,055
Metcash Ltd. (v)		11,700		32,832
Sugi Holdings Company Ltd. (v)		300		23,807
				113,022
Food Products - 3.23%
Austevoll Seafood ASA (v)		2,000		24,279
Ezaki Glico Company Ltd. (v)		700		28,091
Greencore Group PLC (a) (v)		10,800		23,339
Itoham Yonekyu Holdings, Inc. (v)		1,800		11,876
La Doria SpA		1,800		37,996
Neto ME Holdings Ltd. (v)		400		19,512
Nippn Corp. (v)		1,100		16,477
Tassal Group Ltd. (v)		11,400		28,962
Tate & Lyle PLC (v)		1,300		13,715
				204,247
Tobacco - 0.48%
Scandinavian Tobacco Group A/S (r) (v)		1,600		30,712
TOTAL CONSUMER STAPLES				429,198
ENERGY - 2.78%
Energy Equipment & Services - 1.73%
Frank's International NV (a)		13,400		47,570
Subsea 7 SA (a) (v)		3,200		32,149
Technip Energies NV (a)		560		8,504
TechnipFMC PLC (a) (v)		2,800		21,360
				109,583
Oil, Gas & Consumable Fuels - 1.05%
Cairn Energy PLC (v)		12,261		28,778
Kosmos Energy Ltd. (a)		12,300		37,761
				66,539
TOTAL ENERGY				176,122
FINANCIALS - 25.85%
Banks - 10.11%
AIB Group PLC (a) (v)		16,500		43,287
The Aichi Bank Ltd. (v)		400		10,917
Banca Popolare di Sondrio SCPA (a) (v)		4,700		15,724
Banco de Sabadell SA (v)		66,500		35,659
Bank Millennium SA (a) (v)		28,800		27,553
Bank of Ireland Group PLC (a) (v)		7,800		38,519
Caisse Regionale de Credit Agricole Mutuel Brie Picardie (v)		1,200		32,194
Caisse Regionale de Credit Agricole Mutuel de Normandie-Seine		220		28,379
Caisse Regionale de Credit Agricole Mutuel de Paris et d'Ile-de-France (v)		360		33,758
Caisse Regionale de Credit Agricole Mutuel d'Ille-et-Vilaine (v)		190		18,469
Caisse Regionale de Credit Agricole Mutuel Nord de France		700		18,798
Caisse Regionale de Credit Agricole Mutuel Toulouse 31		230		26,802
Canadian Western Bank		1,200		30,547
Credito Valtellinese SpA (a) (v)		2,000		28,585
Dah Sing Financial Holdings Ltd. (v)		4,000		13,198
The Hachijuni Bank Ltd. (v)		3,600		13,109
Jutlander Bank A/S		500		17,341
The Keiyo Bank Ltd. (v)		3,000		12,430
Komercni Banka AS (a) (v)		600		18,517
The Musashino Bank Ltd. (v)		800		13,220
Pareto Bank ASA (v)		3,900		21,556
Resona Holdings, Inc. (v)		3,266		13,719
San ju San Financial Group, Inc. (v)		1,000		12,587
Santander Bank Polska SA (a) (v)		400		22,109
Sparebanken Telemark		1,000		18,239
Sparekassen Sjaelland-Fyn A/S (a)		1,100		19,249
The Tochigi Bank Ltd. (v)		7,100		12,185
Unicaja Banco SA (a) (r) (v)		42,600		42,873
				639,523
Capital Markets - 4.97%
AGF Management Ltd.		6,300		37,548
Alaris Equity Partners Income		900		11,387
Canaccord Genuity Group, Inc.		1,200		10,981
CI Financial Corp.		1,300		18,775
GAM Holding AG (a) (v)		12,400		32,725
JAFCO Group Company Ltd. (v)		600		35,835
Janus Henderson Group PLC		400		12,460
Jupiter Fund Management PLC (v)		3,300		12,673
Man Group PLC (v)		9,400		20,859
Meitav Dash Investments Ltd. (v)		3,400		17,513
Navigator Global Investments Ltd. (v)		17,600		19,805
Numis Corp. PLC		2,700		14,033
Quilter PLC (r) (v)		5,100		11,233
Rothschild & Company (a) (v)		900		32,512
Sawada Holdings Company Ltd.		1,900		12,990
Value Partners Group Ltd. (v)		19,000		12,979
				314,308
Consumer Finance - 3.04%
AEON Credit Service M Bhd (v)		11,100		32,906
AEON Financial Service Company Ltd. (v)		1,500		20,174
goeasy Ltd.		160		15,929
Hoist Finance AB (a) (r) (v)		7,400		32,379
Humm Group Ltd. (a) (v)		11,300		8,289
Nawi Brothers Ltd. (v)		5,600		36,802
Orient Corp. (v)		9,000		12,545
Provident Financial PLC (a) (v)		5,200		15,557
Resurs Holding AB (r) (v)		3,200		17,504
				192,085
Diversified Financial Services - 3.14%
Banca IFIS SpA (v)		2,900		38,261
Banca Mediolanum SpA (v)		1,400		13,207
Challenger Ltd. (v)		2,200		10,719
doValue SpA (a) (r) (v)		1,500		18,281
Financial Products Group Company Ltd. (v)		6,200		40,618
Investment AB Oresund (v)		800		12,767
Japan Investment Adviser Company Ltd. (v)		1,100		16,743
M&G PLC (v)		12,000		34,292
Tokyo Century Corp. (v)		200		13,476
				198,364
Insurance - 4.42%
ASR Nederland NV (v)		800		35,756
Beazley PLC (a) (v)		2,300		11,148
Clal Insurance Enterprises Holdings Ltd. (a) (v)		800		13,178
Direct Line Insurance Group PLC (v)		6,700		28,923
Grupo Catalana Occidente SA		400		15,949
Helvetia Holding AG (v)		100		11,739
Hiscox Ltd. (a) (v)		900		10,658
Lancashire Holdings Ltd. (v)		3,000		26,604
RSA Insurance Group PLC (v)		3,200		30,021
SCOR SE (a) (v)		1,000		34,063
Unipol Gruppo SpA (v)		3,800		21,167
UNIQA Insurance Group AG (v)		1,600		12,006
Vienna Insurance Group AG Wiener Versicherung Gruppe		1,100		28,507
				279,719
Thrifts & Mortgage Finance - 0.17%
Asax Company Ltd. (v)		1,700		10,991
TOTAL FINANCIALS				1,634,990
HEALTH CARE - 3.28%
Health Care Equipment & Supplies - 0.51%
Draegerwerk AG & Company KGaA (v)		200		15,168
Paramount Bed Holdings Company Ltd. (v)		800		17,051
				32,219
Health Care Providers & Services - 2.06%
Arvida Group Ltd. (v)		9,400		10,836
Estia Health Ltd. (a) (v)		21,000		34,388
Regis Healthcare Ltd. (v)		20,900		32,795
Ship Healthcare Holdings, Inc. (v)		400		11,259
Summerset Group Holdings Ltd. (v)		1,600		13,587
Toho Holdings Company Ltd. (v)		1,500		27,570
				130,435
Pharmaceuticals - 0.71%
Alliance Pharma PLC		9,500		12,311
Sawai Pharmaceutical Company Ltd.		300		14,597
Tsumura & Company (v)		500		17,900
				44,808
TOTAL HEALTH CARE				207,462
INDUSTRIALS - 24.00%
Aerospace & Defense - 2.45%
Austal Ltd. (v)		9,200		15,710
Avio SpA (a) (v)		2,000		28,780
Meggitt PLC (a) (v)		3,100		20,385
QinetiQ Group PLC (v)		4,400		19,172
Saab AB (v)		600		16,438
Senior PLC (a) (v)		22,800		34,796
Ultra Electronics Holdings PLC (v)		700		19,582
				154,863
Air Freight & Logistics - 2.45%
bpost SA (a) (v)		2,500		23,877
Oesterreichische Post AG (v)		400		17,504
PostNL NV (v)		7,800		37,811
Royal Mail PLC (a) (v)		5,200		36,191
Wincanton PLC		7,400		39,684
				155,067
Airlines - 0.50%
Qantas Airways Ltd. (a) (v)		8,100		31,437
Building Products - 0.65%
Inrom Construction Industries Ltd. (v)		2,500		12,348
Nichiha Corp. (v)		400		11,663
Takasago Thermal Engineering Company Ltd. (v)		1,100		17,156
				41,167
Commercial Services & Supplies - 2.61%
Aggreko PLC (v)		3,600		43,495
Daiseki Company Ltd. (v)		400		14,527
Downer EDI Ltd. (v)		4,400		17,219
ISS A/S (a) (v)		700		13,046
Loomis AB (v)		1,200		36,461
Okamura Corp. (v)		1,300		15,281
Pilot Corp. (v)		400		12,786
Societe BIC SA (v)		210		12,292
				165,107
Construction & Engineering - 3.39%
Balfour Beatty PLC (v)		3,300		13,429
CIMIC Group Ltd. (v)		600		8,035
Grupo Empresarial San Jose SA (v)		2,300		16,912
Hazama Ando Corp. (v)		1,500		11,517
Implenia AG (a) (v)		500		13,787
Keller Group PLC		1,400		15,518
Kumagai Gumi Company Ltd. (v)		500		13,566
Maire Tecnimont SpA (v)		8,500		24,970
Morgan Sindall Group PLC (v)		600		14,603
Per Aarsleff Holding A/S (v)		300		13,029
Sanki Engineering Company Ltd. (v)		1,000		13,106
Strabag SE (v)		300		10,601
Sumitomo Densetsu Company Ltd. (v)		400		8,709
Sumitomo Mitsui Construction Company Ltd. (v)		2,800		12,620
Taikisha Ltd. (v)		400		10,979
Tobishima Corp. (v)		1,200		13,053
				214,434
Electrical Equipment - 0.26%
GS Yuasa Corp. (v)		600		16,334
Industrial Conglomerates - 0.84%
MBB SE (v)		170		25,730
Rheinmetall AG (v)		270		27,384
				53,114
Machinery - 8.17%
ANDRITZ AG (v)		300		13,483
Aumann AG (a) (r) (v)		1,000		17,089
Bucher Industries AG (v)		40		20,383
Danieli & C Officine Meccaniche SpA		2,500		38,289
Duerr AG (v)		800		33,308
Ebara Corp. (v)		500		20,401
Frencken Group Ltd. (v)		19,400		22,149
Fu Yu Corp. Ltd. (v)		51,000		11,373
Glory Ltd. (v)		900		19,393
The Japan Steel Works Ltd. (v)		1,100		26,205
Manitou BF SA		600		20,124
Meidensha Corp. (v)		600		13,095
Morgan Advanced Materials PLC (v)		4,400		18,880
Nitta Corp. (v)		800		19,068
Noritake Company Ltd. (v)		600		19,277
OKUMA Corp. (v)		200		11,482
OSG Corp. (v)		600		10,708
Ponsse Oyj (v)		500		22,147
Shibuya Corp. (v)		500		16,038
Shinmaywa Industries Ltd. (v)		1,400		12,939
Sulzer AG (v)		130		14,643
Takeuchi Manufacturing Company Ltd. (v)		1,300		36,366
Takuma Company Ltd. (v)		900		19,547
Talgo SA (a) (r) (v)		2,600		13,065
Tsubakimoto Chain Company (v)		700		19,316
Tsukishima Kikai Company Ltd. (v)		1,400		16,259
Wacker Neuson SE (v)		500		11,971
				516,998
Professional Services - 1.39%
Bertrandt AG (v)		600		32,696
Gateley Holdings PLC (a)		7,500		17,939
McMillan Shakespeare Ltd. (v)		1,400		11,637
Persol Holdings Company Ltd. (v)		600		11,794
SThree PLC (v)		2,600		13,818
				87,884
Road & Rail - 0.40%
Nikkon Holdings Company Ltd. (v)		600		12,072
Sankyu, Inc. (v)		300		13,200
				25,272
Trading Companies & Distributors - 0.89%
Ferronordic AB		1,400		32,702
Kanamoto Company Ltd. (v)		500		13,043
Kanematsu Corp. (v)		800		10,758
				56,503
TOTAL INDUSTRIALS				1,518,180
INFORMATION TECHNOLOGY - 7.47%
Communications Equipment - 1.01%
Evertz Technologies Ltd.		2,900		33,553
Telit Communications PLC (a)		10,500		30,181
				63,734
Electronic Equipment, Instruments & Components - 2.96%
Alps Alpine Company Ltd. (v)		2,100		27,851
AT&S Austria Technologie & Systemtechnik AG (v)		300		10,758
Esprinet SpA (v)		1,600		20,173
Horiba Ltd. (v)		200		12,656
Japan Aviation Electronics Industry Ltd. (v)		2,000		32,558
Kaga Electronics Company Ltd. (v)		700		15,735
Macnica Fuji Electronics Holdings, Inc. (v)		600		12,022
Nippon Electric Glass Company Ltd. (v)		800		18,596
Oki Electric Industry Company Ltd. (v)		1,200		12,502
V Technology Company Ltd. (v)		500		24,710
				187,561
IT Services - 1.31%
CSE Global Ltd. (v)		46,800		18,110
DTS Corp. (v)		500		11,435
Global Dominion Access SA (a) (r)		3,900		19,689
KNOW IT AB (v)		500		15,563
Sword Group (v)		400		17,952
				82,749
Semiconductors & Semiconductor Equipment - 1.80%
Elmos Semiconductor SE (v)		300		12,615
Kulicke & Soffa Industries, Inc.		800		39,287
Micronics Japan Company Ltd. (v)		700		10,695
Siltronic AG (v)		70		11,085
Tokyo Seimitsu Company Ltd. (v)		300		13,725
Ulvac, Inc. (v)		300		12,669
UMS Holdings Ltd. (v)		13,700		13,592
				113,668
Software - 0.39%
Silverlake Axis Ltd. (v)		135,400		24,673
TOTAL INFORMATION TECHNOLOGY				472,385
MATERIALS - 9.85%
Chemicals - 3.94%
Daicel Corp. (v)		1,600		12,328
ICL Group Ltd. (v)		2,200		12,897
Johnson Matthey PLC (v)		500		20,770
Kanto Denka Kogyo Company Ltd. (v)		4,000		32,414
Lenzing AG (a) (v)		150		19,239
Nihon Parkerizing Company Ltd. (v)		1,200		12,983
Sumitomo Seika Chemicals Company Ltd. (v)		700		25,580
Tikkurila Oyj (v)		1,600		63,521
Toagosei Company Ltd. (v)		1,600		18,778
Tokuyama Corp. (v)		1,200		30,362
				248,872
Construction Materials - 2.16%
Breedon Group PLC (a)		9,100		11,717
Buzzi Unicem SpA (v)		700		18,183
CSR Ltd. (v)		4,200		18,489
Forterra PLC (r) (v)		8,500		33,601
H+H International A/S (a) (v)		800		20,592
Vicat SA (v)		700		33,970
				136,552
Containers & Packaging - 0.84%
Fuji Seal International, Inc. (v)		600		13,439
Mayr Melnhof Karton AG		60		12,342
Orora Ltd. (v)		5,600		12,968
Winpak Ltd.		400		14,346
				53,095
Metals & Mining - 1.79%
Dowa Holdings Company Ltd. (v)		300		12,518
MACA Ltd. (v)		11,100		8,655
Macmahon Holdings Ltd. (v)		49,900		7,599
Mineral Resources Ltd. (v)		400		11,611
Mount Gibson Iron Ltd. (v)		39,200		22,709
Regis Resources Ltd. (v)		10,600		23,457
Sandfire Resources Ltd. (v)		3,200		13,047
Tokyo Steel Manufacturing Company Ltd. (v)		1,800		13,796
				113,392
Paper & Forest Products - 1.12%
Altri SGPS SA (v)		2,400		18,334
The Navigator Company SA (a) (v)		6,200		20,259
Stella-Jones, Inc.		800		32,453
				71,046
TOTAL MATERIALS				622,957
REAL ESTATE - 2.12%
Equity Real Estate Investment Trusts - 0.14%
First Real Estate Investment Trust (v)		50,600		8,663
Real Estate Management & Development - 1.98%
Airport City Ltd. (a) (v)		2,000		28,116
Great Eagle Holdings Ltd. (v)		10,000		34,744
Nisshin Group Holdings Company Ltd. (v)		7,400		32,700
Shinoken Group Company Ltd. (v)		2,600		29,839
				125,399
TOTAL REAL ESTATE				134,062
UTILITIES - 1.63%
Electric Utilities - 0.86%
BKW AG (v)		260		28,306
EVN AG (v)		1,200		25,817
				54,123
Gas Utilities - 0.77%
Hiroshima Gas Company Ltd. (v)		4,500		16,922
Italgas SpA (v)		4,900		31,821
				48,743
TOTAL UTILITIES				102,866
Total common stocks (Cost $4,622,153)				6,264,460
Total long-term investments (Cost $4,622,153)				6,264,460
	Principal
SHORT-TERM INVESTMENTS - 0.94%	Amount
Time Deposits - 0.94%
Banco Bilbao Vizcaya Argentaria SA, 0.01%, 04/01/2021*	$	59,531		59,531
Total short-term investments (Cost $59,531)				59,531
Total investments - 99.97% (Cost $4,681,684)				6,323,991
Other assets in excess of liabilities - 0.03%				1,931
Net assets - 100.00%			$	6,325,922

(a)	- Non-income producing security.
(r)	- Rule 144A security under the Securities Act of 1933.  Purchased in a private placement transaction; resale to the public may require registration or be limited to qualified institutional buyers.  The total market value of these securities was $299,307, which represented 4.73% of net assets.
(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 $5,275,828, which represented 83.40% of net assets.  See Security Valuation below.
*	- 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, 24 industry groups, 69 industries and 158 sub-industries.  Each stock that is classified will have a coding at all four of these levels.

Security Valuation. Portfolio securities that are listed on a U.S. stock exchange or The Nasdaq Stock Market (“NSM”) (including the Nasdaq National Market and the Nasdaq Small Cap Market) are valued at the last reported sale price (or official closing price) on that day as of the close of the New York Stock Exchange (which is generally 4:00 p.m. Eastern time), or, in the absence of recorded sales, at the average of the last bid and asked quotation on such exchange or NSM. Unlisted equity securities that are not included in NSM are valued at the last sale price, or if the last sale price is unavailable, at the average of the quoted bid and asked prices in the over-the-counter market. Foreign equity securities (which are principally traded in markets other than the U.S.) are valued based upon the last reported sale price on the primary exchange or market on which they trade as of the close of business of such exchange or market immediately preceding the time of determining the Fund's net asset value. Fixed-income securities are generally valued on the basis of prices obtained from an approved independent pricing service but may also be valued based on reported transactions on FINRA’s Trade Reporting and Compliance Engine (TRACE) or quotations provided by a broker-dealer. The pricing services may provide a price determined by a matrix pricing method or other analytical pricing models. Investments quoted in foreign currency are valued daily in U.S. dollars on the basis of the foreign currency exchange rate prevailing at the time of valuation. Securities and other assets for which market quotations are not readily available are valued at their fair value as determined by Hotchkis & Wiley Capital Management, LLC (the “Advisor”) under guidelines established by and under the general supervision and responsibility of the Trust’s Board of Trustees (the “Board”). The Board has approved the use of a third-party vendor’s proprietary fair value pricing model to assist in determining current valuation for foreign securities traded in markets that close prior to the New York Stock Exchange.  When fair value pricing is employed, the value of the portfolio securities used to calculate the Fund’s net asset values may differ from quoted or official closing prices.

The Trust has performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination.  Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the following three broad categories:

• Level 1 — Quoted unadjusted prices for identical instruments in active markets to which the Trust has access at the date of measurement.

• Level 2—Other significant observable inputs (including quoted prices for similar instruments, interest rates, current yields, credit quality, prepayment speeds for mortgage related securities, collateral for asset-backed securities, foreign security indices, foreign exchange rates, fair value estimates for foreign securities, and changes in benchmark securities indices). Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

• Level 3—Significant unobservable inputs including model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Trust’s own assumptions that market participants would use to price the asset or liability based on the best available information.

The following table presents the valuation levels of the Fund’s assets as of March 31, 2021:

Level 1 --- Quoted prices in an active market:
Common Stocks	$	974,035
Time Deposits		59,531
Level 2 --- Other significant observable market inputs:
Common Stocks:
Communication Services		108,138
Consumer Discretionary		752,135
Consumer Staples		363,012
Energy		82,287
Financials		1,297,076
Health Care		195,151
Industrials		1,353,924
Information Technology		349,675
Materials		552,099
Real Estate		134,062
Utilities		102,866
Level 3 --- Significant unobservable inputs		-
Total Investments	$	6,323,991

Please refer to the Schedule of Investments for additional information regarding the composition of the amounts listed above.