NPORT-EX 2 International_Value.htm SCHEDULE F

 

SCHEDULE OF INVESTMENTS

June 30, 2025 (Unaudited)

 

Causeway International Value Fund  Number of Shares   Value (000) 
COMMON STOCK          
Belgium — 2.5%          
Consumer Staples — 1.8%          
Anheuser-Busch InBev S.A.   3,907,711   $268,085 
           
Materials — 0.7%          
Syensqo S.A.   1,426,263    110,011 
           
         378,096 
Canada — 3.2%          
Industrials — 2.4%          
Canadian Pacific Kansas City Ltd.   4,470,218    355,123 
           
Materials — 0.8%          
Barrick Gold Corp.   5,930,700    123,470 
           
         478,593 
China — 1.2%          
Communication Services — 1.2%          
Tencent Holdings Ltd.   2,724,200    174,558 
           
Denmark — 1.1%          
Health Care — 1.1%          
Novo Nordisk A, Class B   2,320,690    161,070 
           
France — 18.0%          
Consumer Discretionary — 3.9%          
Kering S.A.   2,713,009    589,816 
           
Financials — 4.5%          
AXA SA   3,185,179    156,346 
BNP Paribas SA   3,373,029    303,240 
Societe Generale S.A.   2,702,958    154,581 
Worldline S.A. 1   10,236,626    43,229 
         657,396 
Health Care — 1.7%          
Sanofi   2,656,241    257,229 
           
Industrials — 5.3%          
Alstom S.A. 1   21,168,428    493,721 
Cie de Saint-Gobain S.A.   2,581,329    302,974 
         796,695 

 

 

SCHEDULE OF INVESTMENTS (continued)

June 30, 2025 (Unaudited)

 

Causeway International Value Fund  Number of Shares   Value (000) 
France — (continued)          
Information Technology — 1.5%          
Capgemini SE   1,333,258   $227,803 
           
Materials — 1.1%          
ArcelorMittal S.A.   5,374,628    170,116 
           
         2,699,055 
Germany — 8.7%          
Communication Services — 1.6%          
Deutsche Telekom AG   6,350,870    231,688 
           
Financials — 1.2%          
Deutsche Bank AG   6,004,112    178,016 
           
Information Technology — 3.6%          
Infineon Technologies AG   8,584,522    365,201 
SAP SE   587,283    178,586 
         543,787 
Materials — 1.5%          
Heidelberg Materials AG   273,107    64,165 
LANXESS AG   5,637,021    167,730 
         231,895 
Utilities — 0.8%          
E.ON AG   6,445,086    118,625 
           
         1,304,011 
Italy — 3.4%          
Financials — 1.9%          
UniCredit SpA   4,328,586    290,177 
           
Utilities — 1.5%          
Enel SpA   22,725,498    215,655 
           
         505,832 
Japan — 11.1%          
Communication Services — 0.6%          
Nintendo Co. Ltd.   912,300    87,933 
           
Financials — 1.2%          
Sompo Holdings Inc.   4,980,800    150,283 
Sumitomo Mitsui Financial Group Inc.   1,019,600    25,730 
         176,013 

 

 

SCHEDULE OF INVESTMENTS (continued)

June 30, 2025 (Unaudited)

 

Causeway International Value Fund  Number of Shares   Value (000) 
Japan — (continued)          
Industrials — 4.1%          
FANUC Corp.   11,411,800   $312,229 
SMC Corp.   848,600    306,664 
         618,893 
Information Technology — 5.2%          
Fujitsu Ltd.   3,669,600    89,571 
Murata Manufacturing Co. Ltd.   15,328,100    229,275 
Renesas Electronics Corp.   37,318,100    463,609 
         782,455 
         1,665,294 
Netherlands — 7.0%          
Consumer Staples — 1.5%          
Heineken NV   2,495,030    217,547 
           
Financials — 1.3%          
ING Groep NV   8,823,738    193,598 
           
Health Care — 1.8%          
Koninklijke Philips NV   11,525,416    277,094 
           
Materials — 2.4%          
Akzo Nobel NV   5,194,329    363,449 
           
         1,051,688 
Singapore — 1.1%          
Financials — 1.1%          
United Overseas Bank Ltd.   5,689,800    161,095 
           
South Korea — 5.4%          
Financials — 1.4%          
Samsung Fire & Marine Insurance Co. Ltd.   242,303    77,919 
Shinhan Financial Group Co. Ltd.   2,868,175    130,488 
         208,407 
Information Technology — 3.6%          
Samsung Electronics Co. Ltd.   12,077,418    535,143 
           
Utilities — 0.4%          
Korea Electric Power Corp.   2,387,306    69,518 
           
         813,068 

 

 

SCHEDULE OF INVESTMENTS (continued)

June 30, 2025 (Unaudited)

 

Causeway International Value Fund  Number of Shares   Value (000) 
Sweden — 1.2%          
Consumer Discretionary — 0.7%          
Electrolux AB, Class B 1   15,140,299   $107,668 
           
Information Technology — 0.5%          
Hexagon AB, Class B   8,084,888    81,320 
           
         188,988 
Switzerland — 2.4%          
Financials — 0.1%          
Julius Baer Group Ltd.   194,338    13,138 
           
Health Care — 2.3%          
Roche Holding AG   1,086,031    353,684 
           
         366,822 
United Kingdom — 29.6%          
Consumer Discretionary — 2.2%          
Berkeley Group Holdings PLC   2,219,343    117,590 
Kingfisher PLC   19,654,674    78,455 
WH Smith PLC   8,972,713    134,248 
         330,293 
Consumer Staples — 6.4%          
British American Tobacco PLC   3,831,730    182,140 
Diageo PLC   11,041,962    277,065 
Reckitt Benckiser Group PLC   7,426,849    505,134 
         964,339 
Energy — 1.9%          
BP PLC   56,797,021    285,108 
           
Financials — 6.2%          
Barclays PLC   107,711,635    498,698 
NatWest Group PLC   7,160,448    50,264 
Prudential PLC   18,975,279    237,699 
Standard Chartered PLC   8,217,431    136,145 
         922,806 
Health Care — 5.5%          
AstraZeneca PLC   2,996,526    416,253 
GSK PLC   13,827,601    263,827 
Smith & Nephew PLC   9,944,644    151,930 
         832,010 
Industrials — 5.3%          
RELX PLC (EUR)   2,794,081    151,136 
Rolls-Royce Holdings PLC   44,548,259    591,678 

 

 

SCHEDULE OF INVESTMENTS (continued)

June 30, 2025 (Unaudited)

 

Causeway International Value Fund  Number of Shares   Value (000) 
United Kingdom — (continued)          
Industrials (continued)          
Smiths Group PLC   1,314,337   $40,521 
Wizz Air Holdings PLC 1   966,380    14,459 
         797,794 
Materials — 0.2%          
Croda International PLC   103,756    4,164 
Glencore PLC 1   6,459,450    25,145 
         29,309 
Real Estate — 0.9%          
Segro PLC 2   14,125,944    131,774 
           
Utilities — 1.0%          
National Grid PLC   10,015,515    145,932 
           
         4,439,365 
United States — 2.6%          
Consumer Discretionary — 1.9%          
Carnival Corp. 1   10,273,909    288,902 
           
Materials — 0.7%          
Smurfit WestRock PLC   2,407,415    103,880 
           
         392,782 
Total Common Stock          
(Cost $12,701,267) — 98.5%        14,780,317 
           
           
SHORT-TERM INVESTMENT          
Invesco Short-Term Investment Trust: Government & Agency Portfolio, Institutional Class, 4.26% *   129,609,659    129,610 
           
Total Short-Term Investment          
(Cost $129,610) — 0.9%        129,610 
           
Total Investments — 99.4%          
(Cost $12,830,877)        14,909,927 
           
Other Assets in Excess of Liabilities — 0.6%        91,986 
           
Net Assets — 100.0%       $15,001,913 

 

 

SCHEDULE OF INVESTMENTS (concluded)

June 30, 2025 (Unaudited)

 

*The rate reported is the 7-day effective yield as of June 30, 2025.

1Non-income producing security.

2Real Estate Investment Trust.

 

As of June 30, 2025, all of the Fund's investments were considered Level 1 of the fair value hierarchy, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles.

 

For information on the Fund’s policies regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

 

CCM-QH-001-4200