NPORT-EX 2 ClientFiling25185.htm SCHEDULE F HTML

Schedule of Investments

July 31, 2020 (Unaudited)

 

Schedule of Investments

LSV Value Equity Fund

 

 

        Shares         Value (000)  

U.S. Common Stock (97.1%)

    

Aerospace & Defense (1.3%)

 

  

Howmet Aerospace

     271,300     $ 4,010  

Huntington Ingalls Industries

     68,600       11,917  

Textron

     211,600       7,393  
   

 

 

  
      23,320  
   

 

 

  

Agricultural Products (0.7%)

 

  

Ingredion

     138,800       12,006  
   

 

 

  

Air Freight & Logistics (0.4%)

 

  

FedEx

     38,900       6,551  
   

 

 

  

Aircraft (1.4%)

    

Delta Air Lines

     290,300       7,249  

JetBlue Airways*

     537,100       5,553  

Lockheed Martin

     14,400       5,457  

United Airlines Holdings*

     233,900       7,340  
   

 

 

  
              25,599  
   

 

 

  

Aluminum (0.1%)

    

Arconic*

     73,925       1,204  
   

 

 

  

Apparel Retail (0.4%)

    

Foot Locker

     259,600       7,630  
   

 

 

  

Asset Management & Custody Banks (2.7%)

 

Ameriprise Financial

     165,700       25,456  

Bank of New York Mellon

     304,800       10,927  

Legg Mason

     4,500       225  

State Street

     200,605       12,797  
   

 

 

  
      49,405  
   

 

 

  

Automotive (2.6%)

    

American Axle & Manufacturing Holdings*

     600,200       4,237  

BorgWarner

     305,510       11,182  

Ford Motor

     1,346,200       8,898  

General Motors

     453,600       11,290  

Goodyear Tire & Rubber

     395,880       3,567  

Lear

     80,100       8,842  
   

 

 

  
      48,016  
   

 

 

  

Automotive Retail (0.4%)

    

Group 1 Automotive

     94,600       7,948  
   

 

 

  

Banks (7.3%)

    

Bank of America

     1,519,200       37,798  

CIT Group

     177,500       3,367  

Citizens Financial Group

     542,500       13,459  

Fifth Third Bancorp

     493,600       9,803  

Huntington Bancshares

     440,400       4,082  

JPMorgan Chase

     312,500       30,200  

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Banks (continued)

    

Keycorp

     515,900     $ 6,196  

PNC Financial Services Group

     50,100       5,344  

Regions Financial

     967,200       10,504  

Zions Bancorp

     385,300       12,511  
   

 

 

  
              133,264  
   

 

 

  

Biotechnology (4.3%)

    

Alexion Pharmaceuticals*

     172,200       17,649  

Amgen

     105,500       25,813  

Biogen*

     55,100       15,135  

Gilead Sciences

     199,500       13,871  

Regeneron Pharmaceuticals*

     8,700       5,499  
   

 

 

  
      77,967  
   

 

 

  

Broadcasting (0.3%)

    

ViacomCBS, Cl B

     211,430       5,512  
   

 

 

  

Building & Construction (1.1%)

 

  

Owens Corning

     101,000       6,108  

PulteGroup

     326,200       14,222  
   

 

 

  
      20,330  
   

 

 

  

Chemicals (3.2%)

    

Celanese, Cl A

     148,300       14,415  

Chemours

     293,000       5,429  

Eastman Chemical

     206,300       15,396  

Huntsman

     479,400       8,869  

LyondellBasell Industries, Cl A

     222,500       13,911  
   

 

 

  
      58,020  
   

 

 

  

Commercial Printing (0.3%)

    

Deluxe

     165,400       4,669  
   

 

 

  

Commercial Services (0.5%)

    

Western Union

     381,000       9,251  
   

 

 

  

Commodity Chemicals (0.6%)

    

Cabot

     171,700       6,264  

Trinseo

     201,800       4,379  
   

 

 

  
      10,643  
   

 

 

  

Computer & Electronics Retail (0.9%)

 

  

Best Buy

     162,700       16,203  
   

 

 

  

Computers & Services (4.5%)

    

DXC Technology

     169,900       3,043  

eBay

     322,300       17,817  

Hewlett Packard Enterprise

     821,800       8,111  

HP

     720,100       12,659  

NCR*

     141,400       2,606  

Oracle

     413,000       22,901  

Seagate Technology

     217,500       9,835  
 

 

1

Schedule of Investments

July 31, 2020 (Unaudited)

 

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Computers & Services (continued)

 

  

Xerox Holdings

     290,800     $ 4,842  
   

 

 

  
      81,814  
   

 

 

  

Construction & Engineering (0.3%)

 

  

MasTec*

     123,500       4,913  
   

 

 

  

Diversified REIT’s (0.6%)

    

Lexington Realty Trust, CI B

     449,800       5,218  

VEREIT

     975,800       6,352  
   

 

 

  
      11,570  
   

 

 

  

Drug Retail (1.2%)

    

Walgreens Boots Alliance

     540,400       22,000  
   

 

 

  

Electric Utilities (0.2%)

    

NRG Energy

     107,800       3,645  
   

 

 

  

Electrical Components & Equipment (0.3%)

 

  

Acuity Brands

     53,900       5,341  
   

 

 

  

Electrical Services (1.7%)

    

Exelon

     442,300       17,077  

Vistra Energy

     704,937       13,154  
   

 

 

  
              30,231  
   

 

 

  

Financial Services (4.5%)

    

Ally Financial

     419,400       8,430  

Capital One Financial

     105,200       6,712  

Citigroup

     623,400       31,176  

Discover Financial Services

     229,000       11,320  

Goldman Sachs Group

     56,200       11,125  

Lazard, Cl A(A)

     23,200       680  

Navient

     755,400       6,013  

Santander Consumer USA Holdings

     316,100       5,804  
   

 

 

  
      81,260  
   

 

 

  

Food, Beverage & Tobacco (3.2%)

 

  

Conagra Brands

     272,000       10,187  

JM Smucker

     156,900       17,157  

Molson Coors Brewing, Cl B

     330,400       12,397  

Pilgrim’s Pride*

     295,200       4,531  

Tyson Foods, Cl A

     227,700       13,992  
   

 

 

  
      58,264  
   

 

 

  

General Merchandise Stores (1.6%)

 

Big Lots

     118,415       4,659  

Target

     192,400       24,219  
   

 

 

  
      28,878  
   

 

 

  

Health Care Distributors (1.3%)

 

  

Cardinal Health

     205,400       11,219  

McKesson

     88,600       13,304  
   

 

 

  
      24,523  
   

 

 

  

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Health Care Facilities (1.6%)

    

HCA Holdings

     154,500     $ 19,566  

Universal Health Services, Cl B

     92,100       10,122  
   

 

 

  
      29,688  
   

 

 

  

Health Care REIT’s (0.1%)

    

Industrial Logistics

    

Properties Trust

     66,014       1,394  
   

 

 

  

Health Care Services (2.3%)

    

Cigna

     67,100       11,587  

CVS Health

     400,300       25,195  

Laboratory Corp of America Holdings*

     21,800       4,206  
   

 

 

  
              40,988  
   

 

 

  

Homefurnishing Retail (0.4%)

    

Sleep Number*

     143,100       6,654  
   

 

 

  

Hotel & Resort REIT’s (0.1%)

    

Service Properties Trust

     343,400       2,301  
   

 

 

  

Hotels & Lodging (0.3%)

    

Wyndham Destinations

     184,800       4,916  
   

 

 

  

Household Products, Furniture & Fixtures (0.9%)

 

Whirlpool

     103,800       16,932  
   

 

 

  

Human Resource & Employment Services (0.4%)

 

ManpowerGroup

     94,800       6,521  
   

 

 

  

Insurance (5.0%)

    

Allstate

     188,100       17,755  

American Financial Group

     101,760       6,184  

Hartford Financial Services Group

     293,700       12,429  

Lincoln National

     258,800       9,646  

MetLife

     287,900       10,897  

MGIC Investment

     713,900       5,904  

Principal Financial Group

     161,800       6,865  

Prudential Financial

     200,600       12,712  

Voya Financial

     167,800       8,289  
   

 

 

  
      90,681  
   

 

 

  

Investment Banking & Brokerage (1.0%)

 

  

Morgan Stanley

     360,400       17,616  
   

 

 

  

IT Consulting & Other Services (0.6%)

 

  

International Business Machines

     92,300       11,347  
   

 

 

  

Leasing & Renting (0.3%)

    

Triton International

     197,200       6,206  
   

 

 

  
 

 

2

Schedule of Investments

July 31, 2020 (Unaudited)

 

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Machinery (3.6%)

    

AGCO

     190,100     $ 12,477  

Allison Transmission Holdings

     316,600       11,828  

Cummins

     121,200       23,423  

Oshkosh

     155,500       12,241  

Terex

     261,600       4,931  
   

 

 

  
              64,900  
   

 

 

  

Managed Health Care (0.6%)

    

Anthem

     39,300       10,760  
   

 

 

  

Media & Entertainment (1.5%)

    

AMC Networks, Cl A*

     210,100       4,853  

Comcast, Cl A

     377,000       16,136  

TEGNA

     535,300       6,306  
   

 

 

  
      27,295  
   

 

 

  

Metal & Glass Containers (0.8%)

 

  

Berry Global Group*

     160,600       8,028  

O-I Glass, Cl I

     554,400       5,788  
   

 

 

  
      13,816  
   

 

 

  

Mortgage REITs (0.6%)

    

Annaly Capital Management

     689,400       5,109  

Starwood Property Trust

     376,070       5,622  
   

 

 

  
      10,731  
   

 

 

  

Motorcycle Manufacturers (0.4%)

 

  

Harley-Davidson

     260,600       6,783  
   

 

 

  

Multi-Utilities (0.5%)

    

MDU Resources Group

     437,797       9,185  
   

 

 

  

Office Equipment (0.0%)

    

Pitney Bowes

     225,680       754  
   

 

 

  

Office REITs (0.5%)

    

Office Properties Income Trust

     89,200       2,244  

Piedmont Office Realty Trust, Cl A

     376,265       6,099  
   

 

 

  
      8,343  
   

 

 

  

Paper Packaging (0.5%)

    

Westrock

     369,900       9,936  
   

 

 

  

Petroleum & Fuel Products (2.7%)

 

  

ConocoPhillips

     244,900       9,157  

HollyFrontier

     267,500       7,356  

Marathon Petroleum

     286,400       10,940  

Phillips 66

     204,300       12,671  

Valero Energy

     150,900       8,485  
   

 

 

  
      48,609  
   

 

 

  

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Pharmaceuticals (8.0%)

    

AbbVie

     183,900     $ 17,454  

Bristol-Myers Squibb

     573,500       33,641  

Jazz Pharmaceuticals*

     87,600       9,483  

Johnson & Johnson

     110,700       16,135  

Merck

     265,200       21,280  

Pfizer

     1,212,500       46,657  
   

 

 

  
              144,650  
   

 

 

  

Real Estate (0.4%)

    

DiamondRock Hospitality

     700,200       3,235  

Host Hotels & Resorts

     403,100       4,345  
   

 

 

  
      7,580  
   

 

 

  

Reinsurance (0.4%)

    

Everest Re Group

     33,800       7,395  
   

 

 

  

Retail (2.3%)

    

Brinker International

     110,180       2,963  

Dick’s Sporting Goods

     123,400       5,629  

Kohl’s

     232,600       4,429  

Kroger

     763,600       26,565  

Macy’s

     330,800       2,005  
   

 

 

  
      41,591  
   

 

 

  

Semi-Conductors/Instruments (4.7%)

 

  

Applied Materials

     296,600       19,080  

Cirrus Logic*

     56,400       3,865  

Intel

     904,700       43,181  

Lam Research

     22,300       8,411  

Micron Technology*

     133,000       6,657  

Vishay Intertechnology

     287,300       4,508  
   

 

 

  
      85,702  
   

 

 

  

Specialized REIT’s (0.2%)

    

Outfront Media

     286,300       4,126  
   

 

 

  

Specialty Stores (0.2%)

    

Office Depot

     199,440       4,402  
   

 

 

  

Steel & Steel Works (0.9%)

    

Reliance Steel & Aluminum

     104,900       10,307  

Steel Dynamics

     193,900       5,315  
   

 

 

  
      15,622  
   

 

 

  

Technology Distributors (0.2%)

 

  

Insight Enterprises*

     80,600       4,017  
   

 

 

  

Telephones & Telecommunications (6.5%)

 

  

AT&T

     1,634,300       48,343  

Cisco Systems

     396,400       18,670  

Juniper Networks

     178,600       4,533  
 

 

3

Schedule of Investments

July 31, 2020 (Unaudited)

 

LSV Value Equity Fund

 

 

        Shares         Value (000)  

Telephones & Telecommunications (continued)

 

Verizon Communications

     812,700     $ 46,714  
   

 

 

  
      118,260  
   

 

 

  

Thrifts & Mortgage Finance (0.3%)

 

  

Radian Group

     395,600       5,902  
   

 

 

  

Trading Companies & Distributors (0.4%)

 

  

HD Supply Holdings*

     221,600       7,778  
   

 

 

  

TOTAL U.S. COMMON STOCK
(Cost $1,937,504)

 

         1,763,358  
   

 

 

  
    Face
Amount
(000) 		       

Repurchase Agreement (1.2%)

 

  

South Street Securities 0.040%, dated 07/31/20, to be repurchased on 08/03/20, repurchase price $22,264 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $11,457, 0% - 1.500%, 10/08/20 - 06/30/25; total market value $22,709)

   $ 22,264       22,264  
   

 

 

  

TOTAL REPURCHASE AGREEMENT
(Cost $22,264)

 

     22,264  
   

 

 

  

Total Investments – 98.3%
(Cost $1,959,768)

 

   $ 1,785,622  
   

 

 

  

Percentages are based on Net Assets of $1,816,443 (000).

 

*

Non-income producing security.

(A)

Security is a Master Limited Partnership. At July 31, 2020 such securities amounted to $680(000), or 0.0% of the Net Assets of the Fund.

Cl — Class

REIT— Real Estate Investment Trust

The following is a list of the inputs used as of July 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

 

Investments in                         

Securities                         

   Level 1         Level 2             Level 3         Total  

Common Stock

   $ 1,763,358     $ —     $ —     $ 1,763,358  

Repurchase Agreement

     —       22,264       —       22,264  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

Total Investments in Securities

   $     1,763,358     $     22,264     $             —     $     1,785,622  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

    

Amounts designated as “—“ are $0 or have been rounded to $0.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

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

LSV-QH-001-3400

 

 

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