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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Concentrix Corp.</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corporation </title>
        <cusip>20602D101</cusip>
        <identifiers>
          <isin value="US20602D1019"/>
        </identifiers>
        <balance>118958.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6657484.47000000</valUSD>
        <pctVal>0.635000569296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TD Synnex Corp</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>SYNNEX Corporation </title>
        <cusip>87162W100</cusip>
        <identifiers>
          <isin value="US87162W1009"/>
        </identifiers>
        <balance>148239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17987320.26000000</valUSD>
        <pctVal>1.715656815525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lithia Motors Incorporated</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc. Class A</title>
        <cusip>536797103</cusip>
        <identifiers>
          <isin value="US5367971034"/>
        </identifiers>
        <balance>55833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17694036.03000000</valUSD>
        <pctVal>1.687682938327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lear Corporation</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>Lear Corporation </title>
        <cusip>521865204</cusip>
        <identifiers>
          <isin value="US5218652049"/>
        </identifiers>
        <balance>122470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11073737.40000000</valUSD>
        <pctVal>1.056229208633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wesco International, Inc.</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International, Inc. </title>
        <cusip>95082P105</cusip>
        <identifiers>
          <isin value="US95082P1057"/>
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        <balance>104588.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17559279.32000000</valUSD>
        <pctVal>1.674829646975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henry Schein, Inc.</name>
        <lei>VGO3WGL8H45T73F4RR92</lei>
        <title>Henry Schein, Inc. </title>
        <cusip>806407102</cusip>
        <identifiers>
          <isin value="US8064071025"/>
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        <balance>256043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17920449.57000000</valUSD>
        <pctVal>1.709278591677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>eBay Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay, Inc. </title>
        <cusip>278642103</cusip>
        <identifiers>
          <isin value="US2786421030"/>
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        <balance>650779.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47617499.43000000</valUSD>
        <pctVal>4.541826478569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adient PLC</name>
        <lei>5493002QLDY8O75RTR78</lei>
        <title>Adient plc </title>
        <cusip>G0084W101</cusip>
        <identifiers>
          <isin value="IE00BD845X29"/>
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        <balance>186400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2905976.00000000</valUSD>
        <pctVal>0.277176225145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AerCap Holdings N.V.</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings N.V. </title>
        <cusip>N00985106</cusip>
        <identifiers>
          <isin value="NL0000687663"/>
        </identifiers>
        <balance>387009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44788551.57000000</valUSD>
        <pctVal>4.271997309654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco</name>
        <lei>549300UJV6OHYATSFU27</lei>
        <title>Invesco Treasury Portfolio Institutional Class</title>
        <cusip>825252406</cusip>
        <identifiers>
          <isin value="US8252524066"/>
        </identifiers>
        <balance>17803819.23000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17803819.23000000</valUSD>
        <pctVal>1.698154219907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Expedia Group Inc</name>
        <lei>CI7MUJI4USF3V0NJ1H64</lei>
        <title>Expedia Group, Inc. </title>
        <cusip>30212P303</cusip>
        <identifiers>
          <isin value="US30212P3038"/>
        </identifiers>
        <balance>263433.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43927452.75000000</valUSD>
        <pctVal>4.189864449504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Rentals, Inc.</name>
        <lei>5323X5O7RN0NKFCDRY08</lei>
        <title>United Rentals, Inc. </title>
        <cusip>911363109</cusip>
        <identifiers>
          <isin value="US9113631090"/>
        </identifiers>
        <balance>85016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60223634.08000000</valUSD>
        <pctVal>5.744217969747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arrow Electronics, Inc.</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>Arrow Electronics, Inc. </title>
        <cusip>042735100</cusip>
        <identifiers>
          <isin value="US0427351004"/>
        </identifiers>
        <balance>143473.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16984333.74000000</valUSD>
        <pctVal>1.619990499807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flex Ltd.</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>Flex Ltd. </title>
        <cusip>Y2573F102</cusip>
        <identifiers>
          <isin value="SG9999000020"/>
        </identifiers>
        <balance>987030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41751369.00000000</valUSD>
        <pctVal>3.982306410682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-06-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Lyrical U.S. Value Equity Fund</ncom:nameOfApplicant>
      <ncom:signature>Daniel D. Bauer</ncom:signature>
      <ncom:signerName>Daniel D. Bauer</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
