NPORT-EX 2 AIC_LSV_Small_Cap_Value.htm SCHEDULE F HTML

January 31, 2023 (Unaudited)

 

                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Common Stock (97.6%)

    

Aerospace & Defense (0.9%)

    

Moog, Cl A

     28,900     $ 2,755  

V2X*

     25,900       1,143  
   

 

 

  
      3,898  
   

 

 

  

Agricultural Products (0.9%)

    

Ingredion

     36,900       3,793  
   

 

 

  

Air Freight & Logistics (0.0%)

    

Park-Ohio Holdings

     16,500       219  
   

 

 

  

Aircraft (0.5%)

    

Alaska Air Group*

     43,900       2,254  
   

 

 

  

Apparel Retail (1.3%)

    

Foot Locker

     43,200       1,880  

Genesco*

     24,300       1,173  

Guess?

     60,600       1,404  

Shoe Carnival

     45,300       1,237  
   

 

 

  
      5,694  
   

 

 

  

Apparel, Accessories & Luxury Goods (1.2%)

 

Carter’s

     20,600       1,718  

G-III Apparel Group*

     73,334       1,241  

PVH

     26,600       2,391  
   

 

 

  
      5,350  
   

 

 

  

Apparel/Textiles (0.2%)

    

Capri Holdings*

     14,500       964  
   

 

 

  

Asset Management & Custody Banks (3.0%)

 

Affiliated Managers Group

     11,900       2,056  

Carlyle Secured Lending

     80,100       1,205  

Federated Hermes, Cl B

     41,400       1,627  

FS KKR Capital

     84,300       1,657  

New Mountain Finance

     132,800       1,716  

Oaktree Specialty Lending

     92,733       1,855  

PennantPark Investment

     195,900       1,164  

Prospect Capital

     129,300       970  

Sixth Street Specialty Lending

     42,100       806  
   

 

 

  
      13,056  
   

 

 

  

Automotive (2.0%)

    

American Axle & Manufacturing Holdings*

     177,400       1,574  

Goodyear Tire & Rubber*

     74,800       841  

Modine Manufacturing*

     101,800       2,432  

Thor Industries

     21,600       2,059  

Winnebago Industries

     31,300       1,993  
   

 

 

  
      8,899  
   

 

 

  

Automotive Retail (1.8%)

    

AutoNation*

     12,000       1,521  

Group 1 Automotive

     11,300       2,416  
                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Automotive Retail (continued)

    

Penske Automotive Group

     16,200     $ 2,071  

Sonic Automotive, Cl A

     36,200       1,944  
   

 

 

  
      7,952  
   

 

 

  

Banks (12.0%)

    

Associated Banc-Corp

     170,700       3,825  

Bank of NT Butterfield & Son

     35,000       1,119  

BankUnited

     45,500       1,713  

Camden National

     36,762       1,552  

Cathay General Bancorp

     64,550       2,838  

Central Pacific Financial

     44,828       1,013  

Community Trust Bancorp

     17,000       732  

Financial Institutions

     43,990       1,087  

First Busey

     53,300       1,272  

First Commonwealth Financial

     96,600       1,421  

Flushing Financial

     77,000       1,478  

FNB

     157,400       2,246  

Fulton Financial

     139,800       2,339  

Great Southern Bancorp

     27,200       1,590  

Hancock Whitney

     51,600       2,656  

Hanmi Financial

     72,400       1,686  

HomeStreet

     55,945       1,542  

Hope Bancorp

     181,300       2,337  

Horizon Bancorp

     65,642       1,027  

Lakeland Bancorp

     6,378       123  

OFG Bancorp

     111,700       3,162  

Old National Bancorp

     136,600       2,391  

Peoples Bancorp

     48,605       1,442  

Popular

     34,000       2,334  

Synovus Financial

     58,600       2,458  

Towne Bank

     35,050       1,068  

Washington Federal

     57,900       2,053  

WesBanco

     46,300       1,721  

Zions Bancorp

     44,600       2,371  
   

 

 

  
      52,596  
   

 

 

  

Biotechnology (2.8%)

    

Catalyst Pharmaceuticals*

     74,900       1,160  

Emergent BioSolutions*

     34,400       453  

Exelixis*

     143,119       2,522  

Ironwood Pharmaceuticals, Cl A*

     339,300       3,909  

United Therapeutics*

     17,000       4,474  
   

 

 

  
      12,518  
   

 

 

  

Broadcasting (0.9%)

    

Audacy, Cl A*

     354,200       114  

Nexstar Media Group, Cl A

     19,200       3,931  
   

 

 

  
      4,045  
   

 

 

  

Building & Construction (3.1%)

    

American Woodmark*

     13,500       773  

Apogee Enterprises

     35,900       1,682  
 

 

1

January 31, 2023 (Unaudited)

 

                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Building & Construction (continued)

 

  

Builders FirstSource*

     14,100     $ 1,124  

KB Home

     30,100       1,157  

MDC Holdings

     31,700       1,197  

Meritage Homes*

     17,200       1,852  

Toll Brothers

     52,300       3,111  

TRI Pointe Homes*

     115,600       2,554  
   

 

 

  
      13,450  
   

 

 

  

Building Products (0.3%)

    

Quanex Building Products

     58,460       1,514  
   

 

 

  

Cable & Satellite (0.1%)

    

Altice USA, Cl A*

     107,800       528  
   

 

 

  

Chemicals (2.1%)

    

AdvanSix

     58,200       2,517  

Chemours

     58,900       2,143  

Huntsman

     62,700       1,987  

Ingevity*

     29,300       2,415  
   

 

 

  
      9,062  
   

 

 

  

Commercial Printing (0.6%)

    

Deluxe

     33,000       660  

Ennis

     60,900       1,294  

Quad*

     152,000       670  
   

 

 

  
      2,624  
   

 

 

  

Commercial Services (0.4%)

    

CSG Systems International

     29,500       1,760  
   

 

 

  

Commodity Chemicals (0.5%)

 

  

Koppers Holdings

     40,100       1,388  

Tredegar

     49,900       605  
   

 

 

  
      1,993  
   

 

 

  

Construction & Engineering (1.4%)

 

  

EMCOR Group

     10,700       1,586  

Primoris Services

     73,200       1,947  

Sterling Infrastructure*

     67,100       2,442  
   

 

 

  
      5,975  
   

 

 

  

Consumer Products (0.2%)

    

Johnson Outdoors, Cl A

     13,475       923  
   

 

 

  

Data Processing & Outsourced Services (0.2%)

 

EVERTEC

     21,700       802  
   

 

 

  

Department Stores (0.2%)

    

Nordstrom

     57,000       1,114  
   

 

 

  

Diversified REITs (1.3%)

    

American Assets Trust

     42,400       1,207  

CTO Realty Growth

     101,850       2,000  

Gladstone Commercial

     62,100       1,055  
                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Diversified REITs (continued)

    

Global Net Lease

     94,300     $ 1,410  
   

 

 

  
      5,672  
   

 

 

  

Electrical Components & Equipment (1.6%)

 

Atkore International Group*

     36,600       4,767  

Energizer Holdings

     61,300       2,274  
   

 

 

  
      7,041  
   

 

 

  

Financial Services (2.0%)

    

Arbor Realty Trust

     116,631       1,741  

Lazard, Cl A

     61,700       2,473  

National Health Investors

     17,100       1,006  

Navient

     124,700       2,366  

Regional Management

     38,100       1,314  
   

 

 

  
      8,900  
   

 

 

  

Food Distributors (0.7%)

    

SpartanNash

     40,200       1,274  

United Natural Foods*

     38,400       1,598  
   

 

 

  
      2,872  
   

 

 

  

Food Retail (0.9%)

    

Sprouts Farmers Market*

     119,900       3,831  
   

 

 

  

Forest Products (0.8%)

    

Louisiana-Pacific

     50,600       3,445  
   

 

 

  

Gas/Natural Gas (1.3%)

    

National Fuel Gas

     61,200       3,554  

UGI

     57,500       2,290  
   

 

 

  
      5,844  
   

 

 

  

Health Care Distributors (0.5%)

    

Patterson

     69,100       2,086  
   

 

 

  

Health Care Facilities (0.9%)

    

Select Medical Holdings

     130,200       3,785  
   

 

 

  

Health Care REITs (0.6%)

    

Industrial Logistics Properties Trust

     85,200       376  

Sabra Health Care

     175,900       2,374  
   

 

 

  
      2,750  
   

 

 

  

Health Care Services (0.3%)

    

AMN Healthcare Services*

     12,521       1,200  
   

 

 

  

Health Care Technology (0.2%)

    

Computer Programs and Systems*

     35,100       1,031  
   

 

 

  

Homefurnishing Retail (0.5%)

    

Aaron’s

     31,336       459  

Haverty Furniture

     49,300       1,722  
   

 

 

  
      2,181  
   

 

 

  
 

 

2

January 31, 2023 (Unaudited)

 

                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Hotel & Resort REITs (0.7%)

    

Apple Hospitality

     147,700     $ 2,619  

Service Properties Trust

     65,100       580  
   

 

 

  
      3,199  
   

 

 

  

Hotels, Resorts & Cruise Lines (0.3%)

 

  

Marriott Vacations Worldwide

     8,150       1,304  
   

 

 

  

Household Products, Furniture & Fixtures (0.4%)

 

Ethan Allen Interiors

     68,900       1,980  
   

 

 

  

Human Resource & Employment Services (0.3%)

 

Kelly Services, Cl A

     64,600       1,169  
   

 

 

  

Industrial Machinery (1.4%)

    

Crane Holdings

     14,000       1,623  

Hillenbrand

     66,200       3,102  

Mueller Industries

     19,521       1,279  
   

 

 

  
      6,004  
   

 

 

  

Industrial REITs (0.3%)

    

Plymouth Industrial REIT

     51,000       1,141  
   

 

 

  

Insurance (4.5%)

    

American Equity Investment

    

Life Holding

     58,200       2,773  

American Financial Group

     12,546       1,789  

Axis Capital Holdings

     53,400       3,341  

Brighthouse Financial*

     23,078       1,299  

CNO Financial Group

     201,500       5,191  

Genworth Financial, Cl A*

     231,200       1,276  

MGIC Investment

     176,400       2,491  

Universal Insurance Holdings

     113,500       1,446  
   

 

 

  
      19,606  
   

 

 

  

Internet & Direct Marketing Retail (0.1%)

 

  

Qurate Retail*

     143,500       370  
   

 

 

  

Investment Banking & Brokerage (0.2%)

 

  

B Riley Financial

     19,300       825  
   

 

 

  

IT Consulting & Other Services (0.2%)

 

  

Information Services Group

     182,750       958  
   

 

 

  

Leasing & Renting (1.6%)

    

Textainer Group Holdings

     87,400       2,963  

Triton International

     58,600       4,139  
   

 

 

  
      7,102  
   

 

 

  

Leisure Products (0.2%)

    

Smith & Wesson Brands

     84,200       933  
   

 

 

  

Machinery (1.4%)

    

AGCO

     23,200       3,205  

Timken

     21,600       1,779  
                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Machinery (continued)

    

Wabash National

     48,685     $ 1,254  
   

 

 

  
      6,238  
   

 

 

  

Media & Entertainment (0.8%)

    

AMC Networks, Cl A*

     49,300       913  

TEGNA

     125,800       2,507  
   

 

 

  
      3,420  
   

 

 

  

Metal & Glass Containers (1.9%)

 

  

Greif, Cl A

     49,900       3,565  

O-I Glass, Cl I*

     130,300       2,508  

Silgan Holdings

     38,800       2,091  
   

 

 

  
      8,164  
   

 

 

  

Mortgage REITs (1.2%)

    

Apollo Commercial Real Estate Finance

     54,100       658  

MFA Financial

     84,325       1,003  

Redwood Trust

     178,500       1,492  

Rithm Capital

     216,400       2,036  

Western Asset Mortgage Capital

     14,170       160  
   

 

 

  
      5,349  
   

 

 

  

Motorcycle Manufacturers (0.5%)

 

  

Harley-Davidson

     52,100       2,398  
   

 

 

  

Office Equipment (0.3%)

    

ACCO Brands

     190,900       1,212  
   

 

 

  

Office REITs (0.8%)

    

Brandywine Realty Trust

     129,200       848  

City Office REIT

     130,200       1,281  

Franklin Street Properties

     190,100       586  

Office Properties Income Trust

     58,300       1,000  
   

 

 

  
      3,715  
   

 

 

  

Oil & Gas Equipment & Services (0.1%)

 

  

Bristow Group*

     10,600       324  
   

 

 

  

Oil & Gas Exploration & Production (2.3%)

 

  

California Resources

     13,300       568  

Civitas Resources

     33,700       2,243  

Matador Resources

     43,000       2,845  

PDC Energy

     65,000       4,402  
   

 

 

  
      10,058  
   

 

 

  

Oil & Gas Refining & Marketing (0.9%)

 

  

HF Sinclair

     69,900       3,977  
   

 

 

  

Oil & Gas Storage & Transportation (0.4%)

 

  

SFL

     158,500       1,614  
   

 

 

  

Petroleum & Fuel Products (1.7%)

 

  

Murphy Oil

     54,400       2,372  
 

 

3

January 31, 2023 (Unaudited)

 

                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Petroleum & Fuel Products (continued)

 

  

W&T Offshore*

     586,000     $ 3,645  

World Fuel Services

     51,331       1,453  
   

 

 

  
      7,470  
   

 

 

  

Pharmaceuticals (1.9%)

    

Amneal Pharmaceuticals*

     272,500       599  

Innoviva*

     73,900       935  

Organon

     84,400       2,543  

Prestige Consumer Healthcare*

     63,900       4,202  
   

 

 

  
      8,279  
   

 

 

  

Property & Casualty Insurance (0.8%)

 

  

First American Financial

     57,200       3,539  
   

 

 

  

Regional Banks (2.1%)

    

Bank OZK

     46,400       2,119  

Brookline Bancorp

     87,100       1,139  

Dime Community Bancshares

     62,200       1,855  

First BanCorp

     139,442       1,876  

First Financial

     19,920       895  

QCR Holdings

     28,300       1,487  
   

 

 

  
      9,371  
   

 

 

  

Reinsurance (0.6%)

    

RenaissanceRe Holdings

     12,700       2,485  
   

 

 

  

Restaurants (0.3%)

    

Dine Brands Global

     18,400       1,423  
   

 

 

  

Retail (2.4%)

    

Bloomin’ Brands

     97,600       2,367  

Dick’s Sporting Goods

     19,000       2,485  

Ingles Markets, Cl A

     28,400       2,698  

Kohl’s

     48,200       1,560  

Sally Beauty Holdings*

     80,000       1,246  
   

 

 

  
      10,356  
   

 

 

  

Retail REITs (1.2%)

    

Necessity Retail REIT

     178,600       1,220  

Tanger Factory Outlet Centers

     137,800       2,633  

Urstadt Biddle Properties, Cl A

     71,600       1,345  
   

 

 

  
      5,198  
   

 

 

  

Rubber & Plastic (0.1%)

    

Tupperware Brands*

     68,910       305  
   

 

 

  

Semi-Conductors/Instruments (6.5%)

 

  

Amkor Technology

     193,900       5,673  

Axcelis Technologies*

     19,700       2,166  

Cirrus Logic*

     22,500       2,034  

Diodes*

     10,000       892  

Jabil

     31,500       2,477  
                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Semi-Conductors/Instruments (continued)

 

  

Kulicke & Soffa Industries

     41,900     $ 2,141  

Methode Electronics

     34,900       1,666  

Sanmina*

     57,600       3,510  

TTM Technologies*

     182,500       2,869  

Vishay Intertechnology

     98,800       2,261  

Vishay Precision Group*

     67,180       2,901  
   

 

 

  
      28,590  
   

 

 

  

Soft Drinks (0.4%)

    

Coca-Cola Consolidated

     3,200       1,622  
   

 

 

  

Specialized Consumer Services (0.6%)

 

  

Carriage Services, Cl A

     13,200       428  

H&R Block

     61,600       2,401  
   

 

 

  
      2,829  
   

 

 

  

Specialized REITs (1.4%)

    

CoreCivic*

     106,600       1,134  

CorEnergy Infrastructure Trust

     80,400       172  

EPR Properties

     53,600       2,277  

Hersha Hospitality Trust, Cl A

     97,200       894  

Uniti Group

     227,000       1,496  
   

 

 

  
      5,973  
   

 

 

  

Specialty Stores (1.1%)

    

Academy Sports &

    

Outdoors

     42,600       2,489  

Office Depot*

     48,100       2,482  
   

 

 

  
      4,971  
   

 

 

  

Steel & Steel Works (0.8%)

    

Commercial Metals

     31,500       1,709  

Warrior Met Coal

     43,600       1,652  
   

 

 

  
      3,361  
   

 

 

  

Systems Software (0.7%)

    

Adeia

     66,500       728  

Progress Software

     39,000       2,069  

Xperi*

     26,600       275  
   

 

 

  
      3,072  
   

 

 

  

Technology Distributors (1.2%)

    

Avnet

     55,900       2,565  

ScanSource*

     45,525       1,499  

TD SYNNEX

     10,400       1,062  
   

 

 

  
      5,126  
   

 

 

  

Technology Hardware, Storage & Peripherals (0.3%)

 

Super Micro Computer*

     17,400       1,259  
   

 

 

  

Thrifts & Mortgage Finance (1.6%)

 

  

Mr Cooper Group*

     36,600       1,683  

New York Community Bancorp

     209,989       2,098  
 

 

4

January 31, 2023 (Unaudited)

 

                                       

LSV Small Cap Value Fund

  
            Shares         Value (000)  

Thrifts & Mortgage Finance (continued)

 

  

Premier Financial

     37,716     $ 944  

Radian Group

     113,000       2,497  
   

 

 

  
      7,222  
   

 

 

  

Trading Companies & Distributors (1.2%)

 

  

Rush Enterprises, Cl A

     39,300       2,115  

WESCO International*

     22,000       3,278  
   

 

 

  
      5,393  
   

 

 

  

Trucking (1.7%)

    

ArcBest

     23,100       1,928  

Ryder System

     32,100       3,031  

Werner Enterprises

     53,700       2,522  
   

 

 

  
      7,481  
   

 

 

  

TOTAL COMMON STOCK
(Cost $374,180)

 

     428,006  
   

 

 

  
    Face Amount
(000)		        

Repurchase Agreement (2.4%)

 

  

South Street Securities 3.990%, dated 01/31/2023, to be repurchased on 02/01/2023, repurchase price $10,663 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $7,482, 0.000% - 4.125%, 04/30/2023 - 05/15/2041; total market value $10,875)

   $ 10,662       10,662  
   

 

 

  

TOTAL REPURCHASE AGREEMENT
(Cost $10,662)

 

     10,662  
   

 

 

  

Total Investments – 99.9%
(Cost $384,842)

 

   $ 438,668  
   

 

 

  

Percentages are based on Net Assets of $438,769 (000).

*    Non-income producing security.

Cl — Class

REIT — Real Estate Investment Trust

LSV-QH-004-2000

 

 

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