NPORT-EX 2 AIC_LSV_US_Mngd_Volatil.htm SCHEDULE F HTML

Schedule of Investments

January 31, 2023 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
            Shares         Value (000)  

Common Stock (99.3%)

    

Aerospace & Defense (1.4%)

    

Lockheed Martin

     900     $ 417  

Northrop Grumman

     400       179  
   

 

 

  
      596  
   

 

 

  

Agricultural Operations (1.0%)

    

Archer-Daniels-Midland

     4,900       406  
   

 

 

  

Agricultural Products (0.7%)

    

Ingredion

     2,900       298  
   

 

 

  

Application Software (0.5%)

    

Open Text

     6,900       231  
   

 

 

  

Asset Management & Custody Banks (1.3%)

 

Bank of New York Mellon

     10,600       536  
   

 

 

  

Automobile Manufacturers (0.8%)

 

  

Honda Motor ADR

     13,500       335  
   

 

 

  

Automotive Retail (2.2%)

    

AutoZone*

     300       732  

Murphy USA

     700       190  
   

 

 

  
      922  
   

 

 

  

Banks (2.5%)

    

Bank of Nova Scotia

     4,500       243  

Canadian Imperial Bank of Commerce

     5,600       256  

OceanFirst Financial

     5,730       137  

Towne Bank

     3,896       119  

Washington Federal

     7,900       280  
   

 

 

  
      1,035  
   

 

 

  

Biotechnology (3.6%)

    

Amgen

     2,400       606  

Gilead Sciences

     10,700       898  
   

 

 

  
      1,504  
   

 

 

  

Broadcasting (0.6%)

    

Fox

     8,000       272  
   

 

 

  

Cable & Satellite (0.4%)

    

Cogeco Communications

     2,900       150  
   

 

 

  

Commercial Services (2.1%)

    

CSG Systems International

     8,000       478  

Western Union

     29,800       422  
   

 

 

  
      900  
   

 

 

  

Computers & Peripherals (1.0%)

    

Canon ADR

     19,100       424  
   

 

 

  

Computers & Services (2.9%)

    

Hewlett Packard Enterprise

     23,400       378  
                                       

LSV U.S. Managed Volatility Fund

  
            Shares         Value (000)  

Computers & Services (continued)

 

  

Oracle

     9,600     $ 849  
   

 

 

  
      1,227  
   

 

 

  

Drug Retail (0.3%)

    

Walgreens Boots Alliance

     3,500       129  
   

 

 

  

Electric Utilities (1.3%)

    

Evergy

     9,100       570  
   

 

 

  

Electrical Services (2.9%)

    

Entergy

     3,600       390  

Exelon

     3,800       160  

Otter Tail

     5,400       346  

PPL

     10,800       320  
   

 

 

  
      1,216  
   

 

 

  

Electronic Components (0.6%)

    

Knowles*

     13,700       263  
   

 

 

  

Electronic Equipment & Instruments (0.8%)

 

  

OSI Systems*

     3,400       322  
   

 

 

  

Food, Beverage & Tobacco (8.5%)

 

  

Altria Group

     4,700       212  

Campbell Soup

     5,900       306  

Conagra Brands

     13,300       495  

General Mills

     6,900       541  

JM Smucker

     3,900       596  

Kellogg

     6,600       453  

Molson Coors Beverage, Cl B

     10,100       531  

Tyson Foods, Cl A

     6,700       440  
   

 

 

  
      3,574  
   

 

 

  

Gas/Natural Gas (1.8%)

    

National Fuel Gas

     5,200       302  

UGI

     11,000       438  
   

 

 

  
      740  
   

 

 

  

General Merchandise Stores (0.8%)

 

  

Canadian Tire, Cl A

     2,700       321  
   

 

 

  

Health Care Distributors (1.0%)

    

McKesson

     1,100       417  
   

 

 

  

Health Care Services (3.7%)

    

CVS Health

     7,300       644  

DaVita*

     2,200       181  

Laboratory Corp of America Holdings

     900       227  

Quest Diagnostics

     3,400       505  
   

 

 

  
      1,557  
   

 

 

  
 

 

1

Schedule of Investments

January 31, 2023 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
            Shares         Value (000)  

Homebuilding (0.4%)

    

DR Horton

     1,800     $ 178  
   

 

 

  

Household Products, Furniture & Fixtures (0.7%)

 

Whirlpool

     1,800       280  
   

 

 

  

Industrial Machinery (1.0%)

    

Snap-on

     1,700       423  
   

 

 

  

Insurance (6.8%)

    

Aflac

     6,300       463  

Allstate

     3,000       385  

American Financial Group

     1,200       171  

Berkshire Hathaway, Cl B*

     1,900       592  

Hartford Financial Services Group

     8,300       644  

Loblaw

     5,600       502  

MetLife

     1,700       124  
   

 

 

  
      2,881  
   

 

 

  

Integrated Oil & Gas (0.8%)

    

Eni ADR

     10,800       334  
   

 

 

  

IT Consulting & Other Services (5.9%)

 

  

Amdocs

     13,600       1,250  

International Business Machines

     7,000       943  

Science Applications International

     2,900       301  
   

 

 

  
      2,494  
   

 

 

  

Machinery (2.3%)

    

Allison Transmission Holdings

     9,900       446  

Cummins

     2,100       524  
   

 

 

  
      970  
   

 

 

  

Media & Entertainment (1.1%)

    

Comcast, Cl A

     12,100       476  
   

 

 

  

Metal & Glass Containers (0.4%)

 

  

Berry Global Group

     3,100       191  
   

 

 

  

Oil & Gas Exploration & Production (0.7%)

 

  

Chesapeake Energy

     3,400       295  
   

 

 

  

Oil & Gas Storage & Transportation (0.5%)

 

  

Kinder Morgan

     10,900       199  
   

 

 

  

Packaged Foods & Meats (1.1%)

 

  

Kraft Heinz

     11,200       454  
   

 

 

  

Paper Packaging (1.7%)

    

International Paper

     5,300       222  

Sealed Air

     3,700       202  
                                       

LSV U.S. Managed Volatility Fund

  
            Shares         Value (000)  

Paper Packaging (continued)

    

Sonoco Products

     5,100     $ 312  
   

 

 

  
      736  
   

 

 

  

Petroleum & Fuel Products (3.1%)

 

  

Chevron

     3,500       609  

ExxonMobil

     6,100       708  
   

 

 

  
      1,317  
   

 

 

  

Pharmaceuticals (10.5%)

    

AbbVie

     2,500       370  

Bristol-Myers Squibb

     9,600       698  

GSK ADR

     11,920       420  

Jazz Pharmaceuticals*

     2,000       313  

Johnson & Johnson

     3,000       490  

Merck

     9,300       999  

Organon

     1,993       60  

Pfizer

     19,300       852  

Sanofi ADR

     4,600       226  
   

 

 

  
      4,428  
   

 

 

  

Retail (2.5%)

    

Kroger

     17,600       785  

Lowe’s

     1,200       250  
   

 

 

  
      1,035  
   

 

 

  

Semi-Conductors/Instruments (1.6%)

 

  

Intel

     23,600       667  
   

 

 

  

Specialized Consumer Services (1.2%)

 

H&R Block

     8,400       327  

Service International

     2,400       178  
   

 

 

  
      505  
   

 

 

  

Specialty Chemicals (1.1%)

 

  

NewMarket

     1,300       448  
   

 

 

  

Steel & Steel Works (0.7%)

 

  

Reliance Steel & Aluminum

     1,300       296  
   

 

 

  

Technology Distributors (1.7%)

 

  

Arrow Electronics*

     3,700       435  

Avnet

     6,600       303  
   

 

 

  
      738  
   

 

 

  

Technology Hardware, Storage & Peripherals (1.0%)

 

Dell Technologies, Cl C

     3,400       138  

Seagate Technology Holdings

     3,900       264  
   

 

 

  
      402  
   

 

 

  

Telephones & Telecommunications (8.2%)

 

  

AT&T

     43,500       886  

Cisco Systems

     21,700       1,056  

Nippon Telegraph & Telephone ADR

     14,500       436  
 

 

2

Schedule of Investments

January 31, 2023 (Unaudited)

 

                                       

LSV U.S. Managed Volatility Fund

  
            Shares         Value (000)  

Telephones & Telecommunications (continued)

 

Verizon Communications

     26,300     $ 1,093  
   

 

 

  
      3,471  
   

 

 

  

Trucking (1.2%)

    

Schneider National, Cl B

     9,500       252  

Werner Enterprises

     5,600       263  
   

 

 

  
      515  
   

 

 

  

Wireless Telecommunication Services (0.4%)

 

SK Telecom ADR

     7,713       164  
   

 

 

  

TOTAL COMMON STOCK
(Cost $37,241)

       41,842  
   

 

 

  
    Face Amount
(000)		        

Repurchase Agreement (0.1%)

    

South Street Securities 3.990%, dated 01/31/2023, to be repurchased on 02/01/2023, repurchase price $29 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $20, 0.000% - 4.125%, 04/30/2023 - 05/15/2041; total market value $29)

   $ 29       29  
   

 

 

  

TOTAL REPURCHASE AGREEMENT
(Cost $29)

 

     29  
   

 

 

  

Total Investments – 99.4%
(Cost $37,270)

 

   $ 41,871  
   

 

 

  

Percentages are based on Net Assets of $42,126 (000).

*   Non-income producing security.

ADR — American Depositary Receipt

Cl — Class

LSV-QH-007-1800

 

 

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