Schedule of Investments
January 31, 2025 (Unaudited)

LSV Value Equity Fund
	Shares		Value (000)
Common Stock (99.4%)
Communication Services (8.0%)
AT&T		1,211,800	$	28,756
Comcast, Cl A		667,700		22,474
Fox		326,200		16,695
Meta Platforms, Cl A		14,000		9,649
Nexstar Media Group, Cl A		27,100		4,152
Playtika Holding		338,246		2,425
Sirius XM Holdings		193,200		4,639
TEGNA		206,400		3,761
Verizon Communications		471,000		18,553
				111,104
Consumer Discretionary (8.7%)
Adtalem Global Education*		48,100		5,153
BorgWarner		203,800		6,501
Capri Holdings*		66,800		1,655
Carter's		60,900		3,284
Dick's Sporting Goods		28,700		6,889
eBay		245,900		16,593
Ford Motor		476,300		4,801
General Motors		296,100		14,645
Group 1 Automotive		11,800		5,387
H&R Block		110,700		6,123
Harley-Davidson		188,800		5,109
Macy's		198,700		3,096
MGM Resorts International*		106,200		3,662
Phinia		30,840		1,569
PulteGroup		119,800		13,631
PVH		57,300		5,134
Tri Pointe Homes*		241,100		8,887
Upbound Group, Cl A		134,100		3,934
Whirlpool		38,300		4,022
				120,075
Consumer Staples (8.6%)
Altria Group		327,200		17,089
Bunge Global		86,200		6,562
Campbell Soup		208,200		8,072
Conagra Brands		170,000		4,401
Edgewell Personal Care		130,600		4,349
Energizer Holdings		166,400		5,656
General Mills		135,100		8,125
Ingredion		79,200		10,806
Kraft Heinz		410,800		12,258
Kroger		374,200		23,066
Molson Coors Beverage, Cl B		243,900		13,354
PriceSmart		49,900		4,539
				118,277
Energy (5.5%)
APA		185,700		4,072
California Resources		91,800		4,517

LSV Value Equity Fund
	Shares		Value (000)
Energy (continued)
ConocoPhillips		74,179	$	7,331
ExxonMobil		124,500		13,300
Halliburton		264,900		6,893
Helmerich & Payne		100,800		3,184
HF Sinclair		112,900		4,073
Marathon Petroleum		63,800		9,296
Murphy Oil		135,800		3,616
Phillips 66		72,200		8,510
Scorpio Tankers		44,700		2,129
Valero Energy		57,500		7,648
				74,569
Financials (23.5%)
Aflac		63,700		6,840
Ally Financial		148,800		5,799
American International Group		171,900		12,662
Ameriprise Financial		13,900		7,553
Bank of America		170,000		7,871
Bank of New York Mellon		298,000		25,607
Blue Owl Capital		276,600		4,179
Citigroup		300,500		24,469
Citizens Financial Group		205,900		9,795
CNO Financial Group		234,100		9,350
Corebridge Financial		249,300		8,416
Discover Financial Services		26,000		5,228
Everest Group		24,100		8,375
First Horizon		542,100		11,867
Goldman Sachs Group		26,400		16,907
Hartford Financial Services Group		160,800		17,938
Jackson Financial, Cl A		43,300		4,081
Lincoln National		102,200		3,593
MetLife		61,800		5,346
MGIC Investment		447,800		11,437
Navient		183,600		2,510
PayPal Holdings*		199,600		17,680
Popular		31,000		3,191
Radian Group		256,700		8,733
Regions Financial		336,800		8,299
State Street		206,600		20,995
Victory Capital Holdings, Cl A		104,700		6,929
Voya Financial		65,500		4,650
Wells Fargo		349,900		27,572
Western Union		577,400		5,959
Zions Bancorp		104,000		6,017
				319,848
Health Care (14.6%)
Baxter International		137,100		4,464
Bristol-Myers Squibb		352,100		20,757
Cardinal Health		45,000		5,564
Centene*		186,000		11,910

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Schedule of Investments
January 31, 2025 (Unaudited)

LSV Value Equity Fund
	Shares		Value (000)
Health Care (continued)
Cigna Group		37,400	$	11,003
CVS Health		198,700		11,223
DaVita*		28,300		4,986
Exelixis*		199,800		6,623
Gilead Sciences		179,600		17,458
HCA Healthcare		28,400		9,369
Incyte*		122,300		9,070
Jazz Pharmaceuticals*		64,400		8,009
Johnson & Johnson		127,300		19,369
McKesson		6,900		4,104
Merck		189,500		18,726
Organon		257,700		4,010
Pfizer		418,400		11,096
United Therapeutics*		31,900		11,202
Universal Health Services, Cl B		29,400		5,544
Viatris, Cl W		367,500		4,145
				198,632
Industrials (12.0%)
AGCO		82,900		8,657
Allison Transmission Holdings		121,700		14,305
Brink's		67,000		6,253
CNH Industrial		679,000		8,746
CSG Systems International		90,300		5,309
Cummins		39,800		14,179
Delta Air Lines		104,800		7,050
FedEx		48,600		12,873
GMS*		40,100		3,382
Huntington Ingalls Industries		11,100		2,190
Lockheed Martin		31,300		14,490
ManpowerGroup		55,100		3,318
Mueller Industries		79,400		6,253
Oshkosh		32,700		3,806
Owens Corning		57,210		10,558
PACCAR		33,700		3,737
Ryder System		82,100		13,088
Snap-on		12,800		4,546
Textron		172,910		13,229
United Airlines Holdings*		75,700		8,012
				163,981
Information Technology (12.8%)
Amdocs		90,500		7,981
Amkor Technology		170,400		4,194
Applied Materials		42,400		7,647
Arrow Electronics*		84,600		9,860
Cirrus Logic*		52,600		5,283
Cisco Systems		282,400		17,113
Dell Technologies, Cl C		108,600		11,251
Dropbox, Cl A*		238,000		7,652
DXC Technology*		207,400		4,505
Flex*		311,100		12,957

LSV Value Equity Fund
	Shares		Value (000)
Information Technology (continued)
Gen Digital		286,100	$	7,699
Hewlett Packard Enterprise		587,300		12,445
HP		464,000		15,080
Intel		140,200		2,724
International Business Machines		31,100		7,952
Jabil		52,100		8,462
QUALCOMM		86,800		15,009
Skyworks Solutions		47,900		4,252
TD SYNNEX		45,070		6,423
Western Digital*		77,300		5,035
				173,524
Materials (2.5%)
Berry Global Group		181,300		12,314
Glatfelter*		50,092		935
Graphic Packaging Holding		173,800		4,767
NewMarket		7,300		3,636
Steel Dynamics		95,000		12,179
				33,831
Real Estate (0.9%)
Highwoods Properties‡		140,300		4,180
Host Hotels & Resorts‡		396,700		6,629
Piedmont Office Realty Trust, Cl A‡		201,400		1,760
				12,569
Utilities (2.3%)
NRG Energy		175,600		17,988
UGI		306,300		9,413
Vistra		21,500		3,613
				31,014
TOTAL COMMON STOCK
(Cost $1,083,697)				1,357,424

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Schedule of Investments
January 31, 2025 (Unaudited)

LSV Value Equity Fund
	Face Amount (000)		Value (000)
Repurchase Agreement (0.5%)
South Street Securities
4.000%, dated 01/31/2025, to be repurchased on 02/03/2025, repurchase price $6,884 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $6,431, 0.500% - 4.875%, 02/28/2026 – 11/15/2048; total market value $7,020)	$	6,882	$	6,882
TOTAL REPURCHASE AGREEMENT
(Cost $6,882)				6,882
Total Investments – 99.9%
(Cost $1,090,579)			$	1,364,306

Percentages are based on Net Assets of $1,366,114 (000).

*	Non-income producing security.
‡	Real Estate Investment Trust.

Cl — Class

LSV-QH-001-4300

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