Schedule of Investments

January 31, 2023 (Unaudited)

LSV Emerging Markets Equity Fund
	Shares		Value (000)
Foreign Common Stock (97.3%)
Brazil (4.5%)
Banco do Brasil		24,300	$	195
Camil Alimentos		44,100		72
EDP - Energias do Brasil		22,900		93
JBS		35,400		140
Qualicorp Consultoria e Corretora de Seguros		3,000		4
Telefonica Brasil		5,800		48
Vale		16,500		309
Vibra Energia		15,100		49
				910
Chile (1.4%)
Cencosud		83,100		149
Cia Cervecerias Unidas		10,300		79
Vina Concha y Toro		44,300		57
				285
China (3.0%)
China CITIC Bank, Cl H		263,000		127
Haier Smart Home, Cl H		20,800		77
Kunlun Energy		92,000		73
Shanghai Pharmaceuticals Holding, Cl H		36,000		63
Shenzhen Expressway, Cl H		64,000		59
Sinotrans, Cl H		215,000		74
Vipshop Holdings ADR*		8,700		134
				607
Czech Republic (0.4%)
Philip Morris CR		100		77
Egypt (0.3%)
Eastern SAE		117,100		70
Greece (0.4%)
Motor Oil Hellas Corinth Refineries		3,600		88
Hong Kong (25.7%)
3SBio		89,000		97
Agile Group Holdings*		82,000		26
Alibaba Group Holding*		13,400		184
Anhui Conch Cement, Cl H		12,500		47
Asia Cement China Holdings		85,000		40
BAIC Motor, Cl H		305,500		94
Baidu, Cl A*		6,240		105
Bank of China, Cl H		762,000		290

LSV Emerging Markets Equity Fund
	Shares		Value (000)
Hong Kong (continued)
Bank of Communications, Cl H		208,000	$	129
Beijing Enterprises Holdings		22,500		76
China BlueChemical		302,000		83
China Coal Energy, Cl H		84,000		67
China Everbright		64,000		50
China Everbright Bank, Cl H		265,000		85
China Hongqiao Group		58,000		67
China Medical System Holdings		44,000		76
China Merchants Port Holdings		52,000		73
China Minsheng Banking, Cl H		254,000		95
China Pacific Insurance Group, Cl H		39,000		107
China Petroleum & Chemical, Cl H		268,000		145
China Railway Group, Cl H		143,000		78
China Reinsurance Group, Cl H		740,000		57
China Resources Medical Holdings		121,000		95
China Suntien Green Energy, Cl H		88,000		41
China Tower, Cl H		554,000		63
China Traditional Chinese Medicine Holdings		144,000		69
China XLX Fertiliser		128,000		75
China Yongda Automobiles Services Holdings		98,000		85
Country Garden Holdings		93,000		35
Dali Foods Group		101,500		45
Dongfeng Motor Group, Cl H		150,000		89
Far East Horizon		91,000		82
Grand Pharmaceutical Group		124,500		78
Guangzhou Baiyunshan Pharmaceutical Holdings, Cl H		22,000		64
Hengan International Group		15,000		74
Kingboard Laminates Holdings		66,000		80
Lenovo Group		224,000		180
Lonking Holdings		152,000		31
Maanshan Iron & Steel, Cl H		134,000		33
NetDragon Websoft Holdings		32,000		74
New China Life Insurance, Cl H		34,700		93
Orient Overseas International		6,000		100
People’s Insurance Group of China, Cl H		310,000		105
PetroChina, Cl H		454,000		243

1

Schedule of Investments

January 31, 2023 (Unaudited)

LSV Emerging Markets Equity Fund
	Shares		Value (000)
Hong Kong (continued)
PICC Property & Casualty, Cl H		164,000	$	154
Ping An Insurance Group of China, Cl H		12,000		93
Postal Savings Bank of China, Cl H		146,000		99
Shougang Fushan Resources Group		210,000		76
Sinopec Engineering Group, Cl H		124,000		63
Sinopharm Group, Cl H		48,000		118
Sinotruk Hong Kong		37,500		65
SITC International Holdings		38,000		83
SSY Group		224,000		139
TCL Electronics Holdings		229,000		104
Vinda International Holdings		13,000		36
Want Want China Holdings		83,000		54
Yuexiu Transport Infrastructure		98,000		58
Zhejiang Expressway, Cl H		68,000		59
Zhengzhou Coal Mining Machinery Group, Cl H		63,400		70
				5,176
Hungary (0.9%)
Magyar Telekom Telecommunications		26,200		28
MOL Hungarian Oil & Gas		10,900		82
OTP Bank Nyrt		2,400		72
				182
India (12.7%)
Aurobindo Pharma		8,500		42
Canara Bank		31,400		117
Chambal Fertilisers and Chemicals		16,600		64
Coal India		28,200		78
Cyient		6,000		65
GAIL India		88,800		104
Gujarat State Fertilizers & Chemicals		50,600		80
HCL Technologies		8,700		120
Hindustan Aeronautics		2,400		75
Hindustan Petroleum		21,300		62
Indiabulls Housing Finance*		3,100		5
Indian Bank		29,300		110
Jubilant Pharmova, Cl A		4,400		19
Kalpataru Power Transmission		10,000		63
KRBL		11,800		57
Mahanagar Gas		6,373		69
National Aluminium		67,900		70
NMDC		44,900		68
NTPC		51,900		109
Oil & Natural Gas		67,600		120

LSV Emerging Markets Equity Fund
	Shares		Value (000)
India (continued)
Oil India		31,200	$	89
Oracle Financial Services Software		2,200		82
Petronet LNG		42,400		113
Power Finance		54,800		95
Power Grid Corp of India		37,700		100
REC		60,600		90
Redington		64,800		147
Tata Steel		114,000		168
UPL		8,200		76
Vedanta		24,400		100
				2,557
Indonesia (2.0%)
Astra International		208,300		84
Bank Negara Indonesia Persero		147,700		90
Bukit Asam		279,400		64
Matahari Department Store		249,400		73
United Tractors		58,800		96
				407
Malaysia (2.0%)
AMMB Holdings		88,000		84
CIMB Group Holdings		61,600		83
RHB Bank		62,800		85
Scientex		64,200		53
Tenaga Nasional		41,600		92
				397
Mexico (2.8%)
Cemex*		208,200		110
Coca-Cola Femsa		9,458		72
Fibra Uno Administracion		55,800		76
Grupo Financiero Banorte, Cl O		11,500		95
Grupo Mexico		22,000		98
Megacable Holdings		32,700		103
				554
Philippines (0.9%)
DMCI Holdings		460,100		93
Metro Pacific Investments		1,070,000		79
				172
Poland (1.8%)
Asseco Poland		5,300		93
Cyfrowy Polsat		16,600		70
Polski Koncern Naftowy ORLEN		5,226		78

2

Schedule of Investments

January 31, 2023 (Unaudited)

LSV Emerging Markets Equity Fund
	Shares		Value (000)
Poland (continued)
Powszechny Zaklad Ubezpieczen		14,000	$	120
				361
Russia (–%)
Gazprom PJSC(A)		11,300		—
LUKOIL PJSC(A)		2,300		—
Magnit PJSC(A)*		1,000		—
MMC Norilsk Nickel PJSC(A)		370		—
Mobile TeleSystems PJSC(A)		13,800		—
				—
Singapore (0.4%)
Yangzijiang Shipbuilding Holdings		81,400		80
South Africa (3.6%)
Absa Group		11,400		130
African Rainbow Minerals		4,300		71
Astral Foods		3,800		35
Exxaro Resources		5,300		67
Foschini Group		10,400		65
Impala Platinum Holdings		7,400		85
MTN Group		6,600		56
Nedbank Group		5,600		73
Oceana Group		16,600		66
Telkom SOC*		7,500		15
Vodacom Group		10,200		72
				735
South Korea (13.9%)
DB HiTek		1,900		70
DB Insurance		1,500		80
DL E&C		332		10
DL Holdings		133		7
Doosan Bobcat		3,200		91
Hana Financial Group		2,900		115
Hankook & Co		5,100		56
Hyundai Glovis		800		108
Hyundai Greenfood		7,000		42
Hyundai Home Shopping Network		1,000		46
Hyundai Marine & Fire Insurance		2,800		70
Kginicis		1,700		18
Kia		2,800		153
KT*		4,800		137
KT&G		1,300		98
LG		900		61

LSV Emerging Markets Equity Fund
	Shares		Value (000)
South Korea (continued)
LX INTERNATIONAL CORP		2,700	$	77
LX Semicon		1,000		66
Samsung Electronics		17,000		847
SFA Engineering		700		21
Shinhan Financial Group		3,700		125
Shinsegae*		500		94
SK Square*		785		23
SK Telecom		2,100		80
SNT Motiv		2,000		74
Value Added Technology		2,700		78
Vieworks		2,300		60
Wonik QnC		4,500		94
				2,801
Taiwan (15.4%)
ASE Technology Holding		51,000		172
Asia Vital Components		19,000		68
Cathay Financial Holding		68,000		97
China Development Financial Holding		185,000		82
China Development Financial Holding		68,375		18
Chipbond Technology		22,000		45
ChipMOS Technologies		58,000		67
Compeq Manufacturing		58,000		89
Elan Microelectronics		19,000		62
Fubon Financial Holding		57,541		116
Global Mixed Mode Technology		8,000		43
Hon Hai Precision Industry		62,000		207
International Games System		5,000		83
King Yuan Electronics		65,000		83
MediaTek		10,000		242
Micro-Star International		21,000		92
Novatek Microelectronics		8,000		95
Pou Chen		98,000		112
Powertech Technology		34,000		95
Primax Electronics		36,000		69
Radiant Opto-Electronics		20,000		69
Shin Kong Financial Holding		278,000		83
Sigurd Microelectronics		41,000		70
Simplo Technology		9,000		89
Sino-American Silicon Products		10,000		55
SinoPac Financial Holdings		143,910		83
Taiwan Semiconductor Manufacturing		15,000		265
Topco Scientific		10,000		57
Tripod Technology		11,000		36
United Microelectronics		83,000		136
Yuanta Financial Holding		151,204		114

3

Schedule of Investments

January 31, 2023 (Unaudited)

LSV Emerging Markets Equity Fund
	Shares		Value (000)
Taiwan (continued)
Zhen Ding Technology
Holding		28,000	$	103
				3,097
Thailand (3.2%)
Bangkok Bank		17,700		85
Kasikornbank		24,000		106
Kiatnakin Phatra Bank		43,700		91
Krung Thai Bank		286,900		152
Origin Property		273,000		101
Quality Houses		593,800		43
Supalai		96,600		71
				649
Turkey (1.2%)
Coca-Cola Icecek		6,400		62
Haci Omer Sabanci Holding		52,200		109
Turkiye Sise ve Cam Fabrikalari		29,600		62
				233
United Arab Emirates (0.7%)
Abu Dhabi Commercial Bank PJSC		20,000		46
Emaar Properties PJSC		59,100		90
				136
TOTAL FOREIGN COMMON STOCK (Cost $20,008)				19,574
Foreign Preferred Stock (1.9%)
Brazil** (1.8%)
Banco do Estado do Rio Grande do Sul		36,000		71
Cia Energetica de Minas Gerais		43,700		100
Cia Paranaense de Energia		58,400		90
Itausa		56,200		94
				355
Colombia** (0.0%)
Banco Davivienda		1,700		9
India** (0.1%)
NMDC Steel Ltd *		44,900		20
TOTAL FOREIGN PREFERRED STOCK (Cost $362)				384

LSV Emerging Markets Equity Fund
	Face     Amount     (000)		Value (000)
Repurchase Agreement (0.4%)
South Street Securities 3.990%, dated 01/31/2023, to be repurchased on 02/01/2023, repurchase price $73 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $51, 0.000% - 4.125%, 04/30/2023 -05/15/2041; total market value $75)	$	73	$	73
TOTAL REPURCHASE AGREEMENT (Cost $73)				73
Total Investments – 99.5% (Cost $20,443)			$	20,031

Percentages are based on Net Assets of $20,125 (000).

*    Non-income producing security.

**  No rate available.

(A) Level 3 security in accordance with fair value hierarchy.

ADR — American Depositary Receipt

Cl — Class

Ltd. — Limited

PJSC — Public Joint Stock Company

LSV-QH-008-0900

4