NPORT-EX 2 ConservativeValueEquityFund.htm SCHEDULE F HTML

Schedule of Investments

July 31, 2022 (Unaudited)

 

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Common Stock (99.1%)

    
Aerospace & Defense (1.7%)

 

  

General Dynamics

     2,100     $ 476  

Northrop Grumman

     1,500       718  

Lockheed Martin

     1,000       414  

Raytheon Technologies

     4,800       447  

Textron

     7,000       460  
   

 

 

  
                  2,515  
   

 

 

  
Agricultural Operations (0.7%)

 

  

Archer-Daniels-Midland

     13,100       1,084  
   

 

 

  
Agricultural Products (0.2%)

 

  

Ingredion

     3,100       282  
   

 

 

  
Air Freight & Logistics (0.9%)

 

  

FedEx

     5,500       1,282  
   

 

 

  
Aircraft (0.4%)

 

  

Delta Air Lines*

     12,200       388  

United Airlines Holdings*

     3,900       143  
   

 

 

  
      531  
   

 

 

  
Alternative Carriers (0.3%)

 

  

Lumen Technologies

     34,600       377  
   

 

 

  

Apparel Retail (0.2%)

    

Foot Locker

     10,100       287  
   

 

 

  

Asset Management & Custody Banks (1.7%)

 

Ameriprise Financial

     2,900       783  

Bank of New York Mellon

     21,900       952  

FS KKR Capital

     12,100       262  

State Street

     7,900       561  
   

 

 

  
      2,558  
   

 

 

  
Automotive (2.2%)

 

  

BorgWarner

     10,200       392  

Ford Motor

     76,100       1,118  

General Motors*

     33,000       1,197  

Goodyear Tire & Rubber*

     17,465       214  

Lear

     2,400       363  
   

 

 

  
      3,284  
   

 

 

  
Automotive Retail (0.6%)

 

  

AutoNation*

     4,400       522  

AutoZone*

     200       428  
   

 

 

  
      950  
   

 

 

  
Banks (7.9%)

 

  

Bank of America

     54,400       1,839  

Citizens Financial Group

     19,357       735  

Fifth Third Bancorp

     17,200       587  

JPMorgan Chase

     23,100       2,665  

KeyCorp

     29,800       545  

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Banks (continued)

    

PNC Financial Services Group

     5,700     $ 946  

Regions Financial

     29,900       633  

Synovus Financial

     8,200       331  

Truist Financial

     11,600       585  

US Bancorp

     9,300       439  

Wells Fargo

     46,700       2,049  

Zions Bancorp

     7,200       393  
   

 

 

  
              11,747  
   

 

 

  
Biotechnology (2.9%)

 

  

Amgen

     4,200       1,039  

Biogen*

     2,900       624  

Gilead Sciences

     23,750       1,419  

Regeneron Pharmaceuticals*

     900       524  

Vertex Pharmaceuticals*

     2,500       701  
   

 

 

  
      4,307  
   

 

 

  
Broadcasting (0.9%)

 

  

Fox

     15,500       513  

Nexstar Media Group, Cl A

     2,500       471  

Paramount Global, Cl B

     14,000       331  
   

 

 

  
      1,315  
   

 

 

  
Building & Construction (1.7%)

 

  

Builders FirstSource*

     7,500       510  

Masco

     9,700       537  

Owens Corning

     5,800       538  

PulteGroup

     8,700       379  

Toll Brothers

     11,100       546  
   

 

 

  
      2,510  
   

 

 

  
Chemicals (2.2%)

 

  

Celanese, Cl A

     3,800       447  

Chemours

     11,400       406  

Dow

     9,100       484  

DuPont de Nemours

     9,300       569  

Eastman Chemical

     4,700       451  

Huntsman

     11,400       330  

LyondellBasell Industries, Cl A

     7,200       642  
   

 

 

  
      3,329  
   

 

 

  
Commercial Services (0.1%)

 

  

Western Union

     10,800       184  
   

 

 

  

Commodity Chemicals (0.2%)

    

Tronox Holdings

     20,000       312  
   

 

 

  

Computer & Electronics Retail (0.3%)

 

  

Best Buy

     5,600       431  
   

 

 

  
Computers & Services (3.1%)

 

  

DXC Technology*

     3,109       98  
 

 

1

Schedule of Investments

July 31, 2022 (Unaudited)

 

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  
Computers & Services (continued)

 

  

eBay

     8,700     $ 423  

Hewlett Packard Enterprise

     54,100       770  

HP

     24,400       815  

International Business
Machines

     10,100       1,321  

NetApp

     4,100       293  

Oracle

     8,000       623  

Xerox Holdings

     20,900       358  
   

 

 

  
          4,701  
   

 

 

  
Consumer Discretionary (0.8%)

 

  

Procter & Gamble

     8,200       1,139  
   

 

 

  
Consumer Finance (0.2%)

 

  

Synchrony Financial

     10,800       362  
   

 

 

  
Drug Retail (0.3%)

 

  

Walgreens Boots Alliance

     12,100       479  
   

 

 

  
Electric Utilities (0.9%)

 

  

Evergy

     8,000       546  

NextEra Energy

     4,400       372  

NRG Energy

     12,200       460  
   

 

 

  
          1,378  
   

 

 

  
Electrical Components & Equipment (0.5%)

 

  

Acuity Brands

     2,100       383  

Energizer Holdings

     14,000       413  
   

 

 

  
          796  
   

 

 

  
Electrical Services (1.4%)

 

  

Entergy

     3,400       391  

Portland General Electric

     9,900       508  

PPL

     18,900       550  

Vistra

     22,300       577  
   

 

 

  
          2,026  
   

 

 

  
Fertilizers & Agricultural Chemicals (0.3%)

 

  

Mosaic

     9,500       500  
   

 

 

  
Financial Services (4.2%)

 

  

Ally Financial

     10,200       337  

Capital One Financial

     7,900       868  

Citigroup

     22,300       1,157  

Discover Financial Services

     7,000       707  

Goldman Sachs Group

     4,800       1,600  

Morgan Stanley

     14,900       1,256  

Navient

     17,400       287  
   

 

 

  
          6,212  
   

 

 

  

Food Retail (0.4%)

    

Sprouts Farmers Market*

     20,500       567  
   

 

 

  

Food, Beverage & Tobacco (3.0%)

 

  

Altria Group

     19,000       833  

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Food, Beverage & Tobacco (continued)

 

  

Conagra Brands

     11,600     $ 397  

JM Smucker

     4,000       529  

Kellogg

     5,400       399  

Molson Coors Beverage, Cl B

     11,000       657  

Philip Morris International

     5,600       544  

Pilgrim’s Pride*

     12,200       383  

Tyson Foods, Cl A

     9,100       801  
   

 

 

  
          4,543  
   

 

 

  
Forest Products (0.6%)

 

  

Louisiana-Pacific

     7,000       446  

Weyerhaeuser

     13,800       501  
   

 

 

  
          947  
   

 

 

  
Gas/Natural Gas (0.3%)

 

  

UGI

     11,900       514  
   

 

 

  
General Merchandise Stores (0.7%)

 

  

Target

     6,300       1,029  
   

 

 

  
Health Care Distributors (1.1%)

 

  

Cardinal Health

     5,800       345  

McKesson

     3,600       1,230  
   

 

 

  
          1,575  
   

 

 

  
Health Care Equipment (0.6%)

 

  

Danaher

     1,600       466  

Medtronic

     5,300       491  
   

 

 

  
          957  
   

 

 

  
Health Care Facilities (0.2%)

 

  

Universal Health Services, Cl B

     2,200       247  
   

 

 

  
Health Care REIT’s (0.5%)

 

  

Medical Properties Trust

     22,800       393  

Sabra Health Care REIT

     25,700       396  
   

 

 

  
          789  
   

 

 

  
Health Care Services (3.9%)

 

  

Cigna

     6,200       1,707  

CVS Health

     17,500       1,675  

DaVita*

     4,500       379  

HCA Healthcare

     5,400       1,147  

Laboratory Corp of America
Holdings

     1,500       393  

Quest Diagnostics

     4,100       560  
   

 

 

  
          5,861  
   

 

 

  

Home Entertainment Software (0.3%)

 

  

Activision Blizzard

     5,700       456  
   

 

 

  
 

 

2

Schedule of Investments

July 31, 2022 (Unaudited)

 

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Home Improvement Retail (0.3%)

 

  

Home Depot

     1,500     $ 451  
   

 

 

  

Homebuilding (1.0%)

    

DR Horton

     8,100       632  

Lennar, Cl A

     11,000       935  
   

 

 

  
                  1,567  
   

 

 

  

Homefurnishing Retail (0.1%)

 

  

Sleep Number*

     2,200       99  
   

 

 

  

Household Products, Furniture & Fixtures (0.3%)

 

Whirlpool

     2,300       398  
   

 

 

  

Human Resource & Employment Services (0.2%)

 

ManpowerGroup

     3,200       251  
   

 

 

  

Industrial Conglomerates (0.2%)

 

  

General Electric

     3,137       232  
   

 

 

  

Industrial Machinery (0.6%)

 

  

Hillenbrand

     7,000       323  

Snap-on

     2,500       560  
   

 

 

  
      883  
   

 

 

  

Insurance (4.6%)

    

Aflac

     17,100       980  

Allstate

     6,700       784  

American International Group

     12,500       647  

Chubb

     3,400       641  

Hartford Financial Services Group

     12,400       800  

Lincoln National

     6,700       344  

MetLife

     16,100       1,018  

Principal Financial Group

     7,500       502  

Prudential Financial

     6,600       660  

UnitedHealth Group

     800       434  
   

 

 

  
      6,810  
   

 

 

  

Interactive Media & Services (2.0%)

 

  

Alphabet, Cl A*

     6,000       698  

Meta Platforms, Cl A*

     14,300       2,275  
   

 

 

  
      2,973  
   

 

 

  

IT Consulting & Other Services (0.7%)

 

  

Amdocs

     7,200       627  

Cognizant Technology Solutions, Cl A

     6,500       442  

Kyndryl Holdings*

     1,820       19  
   

 

 

  
      1,088  
   

 

 

  

Life Sciences Tools & Services (0.4%)

 

  

Thermo Fisher Scientific

     1,100       658  
   

 

 

  

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Machinery (2.3%)

    

AGCO

     3,900     $ 425  

Allison Transmission Holdings

     11,400       477  

Cummins

     4,600       1,018  

Deere

     800       275  

Oshkosh

     2,800       241  

PACCAR

     6,200       567  

Parker-Hannifin

     1,700       492  
   

 

 

  
                  3,495  
   

 

 

  

Managed Health Care (0.3%)

 

  

Elevance Health

     900       429  
   

 

 

  

Media & Entertainment (0.9%)

 

  

Comcast, Cl A

     28,900       1,084  

TEGNA

     15,800       331  
   

 

 

  
      1,415  
   

 

 

  

Metal & Glass Containers (0.2%)

 

  

Berry Global Group*

     5,800       334  
   

 

 

  

Mortgage REITs (0.3%)

 

  

Annaly Capital Management

     26,400       182  

Redwood Trust

     39,200       339  
   

 

 

  
      521  
   

 

 

  

Motorcycle Manufacturers (0.2%)

 

  

Harley-Davidson

     8,400       318  
   

 

 

  

Movies & Entertainment (0.3%)

 

  

Warner Bros Discovery*

     28,578       429  
   

 

 

  

Multimedia (0.5%)

    

Walt Disney*

     7,300       775  
   

 

 

  

Multi-Sector Holdings (2.6%)

 

  

Berkshire Hathaway, Cl B*

     12,700       3,818  
   

 

 

  

Office Equipment (0.2%)

    

3M

     2,400       344  
   

 

 

  

Office REITs (0.3%)

    

Brandywine Realty Trust

     34,700       324  

Office Properties Income Trust

     8,300       173  
   

 

 

  
      497  
   

 

 

  

Oil & Gas Exploration & Production (1.7%)

 

  

APA

     14,300       531  

Devon Energy

     17,400       1,094  

EOG Resources

     8,200       912  
   

 

 

  
      2,537  
   

 

 

  

 

 

 

3

Schedule of Investments

July 31, 2022 (Unaudited)

 

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Oil & Gas Refining & Marketing (0.2%)

 

  

HF Sinclair

     6,220     $ 297  
   

 

 

  

Packaged Foods & Meats (0.4%)

 

  

Kraft Heinz

     17,300       637  
   

 

 

  

Paper Packaging (0.7%)

    

International Paper

     13,500       577  

Westrock

     9,600       407  
   

 

 

  
      984  
   

 

 

  

Paper Products (0.0%)

    

Sylvamo

     863       34  
   

 

 

  

Petroleum & Fuel Products (6.2%)

 

  

Chevron

     15,800       2,587  

ConocoPhillips

     13,300       1,296  

ExxonMobil

     40,100       3,887  

Marathon Petroleum

     5,900       541  

Phillips 66

     3,200       285  

Valero Energy

     5,600       620  
   

 

 

  
      9,216  
   

 

 

  

Pharmaceuticals (8.0%)

    

AbbVie

     3,000       430  

Bristol-Myers Squibb

     27,600       2,036  

Jazz Pharmaceuticals*

     1,800       281  

Johnson & Johnson

     22,800       3,979  

Merck

     25,200       2,251  

Organon

     1,250       40  

Pfizer

     58,800       2,970  

Viatris, Cl W*

     5,335       52  
   

 

 

  
              12,039  
   

 

 

  

Property & Casualty Insurance (0.6%)

 

  

Fidelity National Financial

     11,500       460  

First American Financial

     6,300       365  
   

 

 

  
      825  
   

 

 

  

Real Estate (0.2%)

    

Spirit Realty Capital

     5,000       222  
   

 

 

  

Retail (2.2%)

    

Dick’s Sporting Goods

     5,100       477  

Kroger

     18,000       836  

Lowe’s

     3,800       728  

McDonald’s

     1,700       448  

Walmart

     6,300       832  
   

 

 

  
      3,321  
   

 

 

  

Retail REIT’s (0.5%)

    

Brixmor Property Group

     13,900       322  

Simon Property Group

     3,300       359  
   

 

 

  
      681  
   

 

 

  

LSV Conservative Value Equity Fund

  
                Shares             Value (000)  

Semiconductors (0.3%)

    

Qorvo*

     4,900     $ 510  
   

 

 

  

Semi-Conductors/Instruments (3.4%)

 

  

Amkor Technology

     20,700       418  

Applied Materials

     2,700       286  

Diodes*

     5,425       441  

Intel

     51,600       1,874  

Micron Technology

     20,100       1,243  

QUALCOMM

     5,300       769  
   

 

 

  
                  5,031  
   

 

 

  

Specialized REITs (0.8%)

    

Iron Mountain

     8,900       432  

Omega Healthcare Investors

     7,400       229  

Uniti Group

     51,600       514  
   

 

 

  
      1,175  
   

 

 

  

Steel & Steel Works (0.9%)

 

  

Nucor

     5,800       787  

Steel Dynamics

     7,700       600  
   

 

 

  
      1,387  
   

 

 

  

Systems Software (0.3%)

    

VMware, Cl A

     4,053       471  
   

 

 

  

Technology Distributors (0.5%)

 

  

Arrow Electronics*

     3,500       449  

SYNNEX

     3,500       351  
   

 

 

  
      800  
   

 

 

  

Technology Hardware, Storage & Peripherals (0.7%)

 

Dell Technologies, Cl C

     12,900       581  

Seagate Technology Holdings

     5,600       448  
   

 

 

  
      1,029  
   

 

 

  

Telephones & Telecommunications (3.5%)

 

AT&T

     89,200       1,675  

Cisco Systems

     25,500       1,157  

Verizon Communications

     50,700       2,342  
   

 

 

  
      5,174  
   

 

 

  

Thrifts & Mortgage Finance (0.4%)

 

  

MGIC Investment

     14,300       202  

Radian Group

     20,400       457  
   

 

 

  
      659  
   

 

 

  

Trucking (0.7%)

    

ArcBest

     6,400       567  

 

 

 

4

Schedule of Investments

July 31, 2022 (Unaudited)

 

LSV Conservative Value Equity Fund

  
                 Shares             Value (000)  

Trucking (continued)

     

Werner Enterprises

      11,900     $ 523  
    

 

 

  
       1,090  
    

 

 

  

TOTAL COMMON STOCK
(Cost $132,218)

        148,267  
    

 

 

  
     Face Amount
(000)		        

Repurchase Agreement (0.4%)

 

  

South Street Securities 1.950%, dated 07/29/2022, to be repurchased on 08/01/2022, repurchase price $694 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $761, 0.750% - 1.875%, 04/30/2026 - 02/15/2032; total market value $707)

    $ 693       693  
    

 

 

  

TOTAL REPURCHASE AGREEMENT
(Cost $693)

 

     693  
    

 

 

  

Total Investments – 99.5%
(Cost $132,911)

 

   $ 148,960  
    

 

 

  

Percentages are based on Net Assets of $149,642 (000).

 

*

Non-income producing security.

Cl — Class

REIT — Real Estate Investment Trust

The following is a summary of the inputs used as of July 31, 2022, in valuing the Fund’s investments carried at value ($ Thousands):

 

Investments in Securities

   Level 1     Level 2     Level 3     Total  

Common Stock

   $ 148,267     $ —     $ —     $ 148,267  

Repurchase Agreement

     —       693       —       693  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

Total Investments in Securities

   $ 148,267     $ 693     $ —     $ 148,960  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

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

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 semiannual or annual financial statements.

LSV-QH-002-3200

 

 

5