NPORT-EX 2 USManagedVolatilityFund.htm SCHEDULE F HTML

Schedule of Investments

July 31, 2022 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
        Shares           Value (000)    

U.S. Common Stock (99.5%)

 

Aerospace & Defense (2.6%)

 

L3Harris Technologies

     1,500     $ 360  

Lockheed Martin

     1,300       538  

Northrop Grumman

     1,100       527  
   

 

 

  
      1,425  
   

 

 

  

Agricultural Operations (0.6%)

 

Archer-Daniels-Midland

     3,600       298  
   

 

 

  

Agricultural Products (0.5%)

 

Ingredion

     2,700       246  
   

 

 

  

Application Software (0.5%)

 

Open Text

     6,300       258  
   

 

 

  

Asset Management & Custody Banks (1.0%)

 

Bank of New York Mellon

     11,900       517  
   

 

 

  

Automobile Manufacturers (0.4%)

 

Honda Motor ADR

     9,100       234  
   

 

 

  

Automotive (0.8%)

 

Toyota Motor ADR

     2,600       423  
   

 

 

  

Automotive Retail (2.1%)

 

AutoZone*

     300       641  

Murphy USA

     1,800       512  
   

 

 

  
      1,153  
   

 

 

  

Banks (2.3%)

 

Bank of Montreal

     3,000       299  

Bank of Nova Scotia

     4,500       274  

Canadian Imperial Bank of Commerce

     7,000       355  

Washington Federal

     9,800       334  
   

 

 

  
      1,262  
   

 

 

  

Biotechnology (2.9%)

 

Amgen

     3,400       841  

Gilead Sciences

     12,600       753  
   

 

 

  
      1,594  
   

 

 

  

Broadcasting (0.5%)

 

Fox

     8,000       265  
   

 

 

  

Cable & Satellite (0.3%)

 

Cogeco Communications

     2,900       188  
   

 

 

  

Commercial Services (2.5%)

 

CSG Systems International

     8,000       522  

Western Union

     48,500       825  
   

 

 

  
      1,347  
   

 

 

  
                                       

LSV U.S. Managed Volatility Fund

  
        Shares           Value (000)    

Computers & Peripherals (1.1%)

 

Canon ADR

     26,300     $ 623  
   

 

 

  

Computers & Services (3.7%)

 

eBay

     5,800       282  

Hewlett Packard Enterprise

     20,600       293  

Oracle

     18,500       1,440  
   

 

 

  
      2,015  
   

 

 

  

Consumer Products (0.8%)

 

Sturm Ruger

     6,500       430  
   

 

 

  

Drug Retail (0.3%)

 

Walgreens Boots Alliance

     3,500       139  
   

 

 

  

Electric Utilities (2.0%)

 

Evergy

     16,200       1,106  
   

 

 

  

Electrical Services (3.9%)

 

Entergy

     5,100       587  

Exelon

     5,500       256  

Otter Tail

     3,600       253  

Portland General Electric

     14,200       729  

PPL

     10,800       314  
   

 

 

  
      2,139  
   

 

 

  

Electronic Components (0.6%)

 

Knowles*

     17,400       344  
   

 

 

  

Electronic Equipment & Instruments (0.5%)

 

OSI Systems*

     2,630       254  
   

 

 

  

Environmental & Facilities Services (0.8%)

 

Republic Services, Cl A

     1,200       166  

Waste Management

     1,600       264  
   

 

 

  
      430  
   

 

 

  

Food, Beverage & Tobacco (8.1%)

 

Altria Group

     7,400       325  

Conagra Brands

     17,200       588  

General Mills

     11,600       868  

JM Smucker

     7,100       939  

Kellogg

     4,800       355  

Molson Coors Beverage, Cl B

     7,900       472  

Tyson Foods, Cl A

     9,700       854  
   

 

 

  
      4,401  
   

 

 

  

Gas/Natural Gas (1.7%)

 

National Fuel Gas

     6,600       477  

UGI

     10,100       436  
   

 

 

  
      913  
   

 

 

  

General Merchandise Stores (1.9%)

 

Canadian Tire, Cl A

     2,700       347  
 

 

1

Schedule of Investments

July 31, 2022 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
        Shares           Value (000)    

General Merchandise Stores (continued)

 

Target

     4,300     $ 702  
   

 

 

  
      1,049  
   

 

 

  

Health Care Distributors (0.9%)

 

McKesson

     1,400       478  
   

 

 

  

Health Care Services (2.8%)

 

CVS Health

     7,000       670  

DaVita*

     3,300       278  

Quest Diagnostics

     4,000       546  
   

 

 

  
      1,494  
   

 

 

  

Homebuilding (0.5%)

 

DR Horton

     3,700       289  
   

 

 

  

Household Products, Furniture & Fixtures (0.6%)

 

Whirlpool

     1,800       311  
   

 

 

  

Industrial Machinery (0.7%)

 

Snap-on

     1,700       381  
   

 

 

  

Insurance (6.7%)

 

Aflac

     7,800       447  

Allstate

     7,100       830  

American Financial Group

     1,800       241  

Berkshire Hathaway, Cl B*

     3,100       932  

Hartford Financial Services Group

     6,100       393  

Loblaw

     8,600       783  
   

 

 

  
      3,626  
   

 

 

  

IT Consulting & Other Services (5.4%)

 

Amdocs

     19,300       1,680  

International Business Machines

     9,500       1,243  
   

 

 

  
      2,923  
   

 

 

  

Machinery (2.0%)

 

Allison Transmission Holdings

     13,000       544  

Cummins

     2,400       531  
   

 

 

  
      1,075  
   

 

 

  

Media & Entertainment (0.8%)

 

Comcast, Cl A

     12,100       454  
   

 

 

  

Metal & Glass Containers (0.6%)

 

Berry Global Group*

     5,900       340  
   

 

 

  

Mortgage REITs (0.3%)

 

Annaly Capital Management

     27,200       187  
   

 

 

  

Movies & Entertainment (0.3%)

 

Warner Bros Discovery*

     9,289       139  
   

 

 

  
                                       

LSV U.S. Managed Volatility Fund

  
        Shares           Value (000)    

Office REITs (0.0%)

 

Orion Office REIT

     482     $ 5  
   

 

 

  

Oil & Gas Storage & Transportation (1.0%)

 

Kinder Morgan

     28,900       520  
   

 

 

  

Packaged Foods & Meats (1.0%)

 

  

Kraft Heinz

     14,100       519  
   

 

 

  

Paper Packaging (2.0%)

 

International Paper

     7,800       334  

Packaging of America

     3,000       421  

Sealed Air

     5,100       312  
   

 

 

  
      1,067  
   

 

 

  

Personal Products (0.2%)

 

Haleon ADR

     14,900       105  
   

 

 

  

Petroleum & Fuel Products (2.5%)

 

Chevron

     4,500       737  

ExxonMobil

     6,600       640  
   

 

 

  
      1,377  
   

 

 

  

Pharmaceuticals (11.1%)

 

AbbVie

     4,100       588  

Bristol-Myers Squibb

     9,600       708  

GSK ADR

     11,920       503  

Johnson & Johnson

     6,000       1,047  

Merck

     17,700       1,581  

Organon

     1,993       63  

Pfizer

     25,800       1,303  

Sanofi ADR

     4,600       229  
   

 

 

  
      6,022  
   

 

 

  

Retail (2.8%)

 

Kroger

     24,800       1,151  

Lowe’s

     1,800       345  
   

 

 

  
      1,496  
   

 

 

  

Semi-Conductors/Instruments (2.0%)

 

Intel

     30,300       1,100  
   

 

 

  

Specialized Consumer Services (1.6%)

 

H&R Block

     10,440       417  

Service International

     5,900       439  
   

 

 

  
      856  
   

 

 

  

Specialized REITs (0.1%)

 

Iron Mountain

     900       44  
   

 

 

  

Specialty Chemicals (0.7%)

 

NewMarket

     1,300       404  
   

 

 

  

Technology Distributors (0.9%)

 

Arrow Electronics*

     3,700       474  
   

 

 

  
 

 

2

Schedule of Investments

July 31, 2022 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
        Shares           Value (000)    

Technology Hardware, Storage & Peripherals (1.7%)

 

Dell Technologies, Cl C

     3,400     $ 153  

Seagate Technology Holdings

     9,900       792  
   

 

 

  
      945  
   

 

 

  

Telephones & Telecommunications (6.3%)

 

AT&T

     38,400       721  

Cisco Systems

     18,500       839  

Nippon Telegraph & Telephone ADR

     19,300       550  

Verizon Communications

     28,400       1,313  
   

 

 

  
      3,423  
   

 

 

  

Trucking (1.3%)

 

Schneider National, Cl B

     13,800       350  

Werner Enterprises

     7,600       334  
   

 

 

  
      684  
   

 

 

  

Wireless Telecommunication Services (0.3%)

 

SK Telecom ADR

     7,713       177  
   

 

 

  

TOTAL U.S. COMMON STOCK
(Cost $46,825)

 

     53,968  
   

 

 

  
    Face
    Amount    
(000)		        

Repurchase Agreement (0.2%)

 

South Street Securities 1.950%, dated 07/29/2022, to be repurchased on 08/01/2022, repurchase price $144 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $158, 0.750% - 1.875%, 04/30/2026 - 02/15/2032; total market value $147)

   $ 144       144  
   

 

 

  

TOTAL REPURCHASE AGREEMENT
(Cost $144)

 

     144  
   

 

 

  

Total Investments – 99.7%
(Cost $46,969)

 

   $ 54,112  
   

 

 

  

Percentages are based on Net Assets of $54,257 (000).

 

*

Non-income producing security.

ADR — American Depositary Receipt

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

   $ 53,968     $ —     $ —     $ 53,968  

Repurchase Agreement

     —       144       —       144  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

Total Investments in Securities

   $ 53,968     $ 144     $ —     $ 54,112  

 

  

 

 

    

 

 

    

 

 

    

 

 

  

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-007-1700

 

 

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