# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-26-016937
**Filing Date:** 2026-6
**Character Count:** 32543
**Document Hash:** 86d0e83e7ffa5e9a4146c3af8a3fdc75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016937.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000894189-26-016937

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 261050882

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis and Wiley International Value Fund (Series ID: S000052191)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000164215 | Class I      | HWNIX           |
| C000164216 | Class A      |  |
| C000205774 | Class Z      |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Hotchkis & Wiley International Value Fund** | **Hotchkis & Wiley International Value Fund** | **Hotchkis & Wiley International Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.0%** | **Shares**  | **Value**  |
| **Aerospace & Defense - 1.6%** | **Aerospace & Defense - 1.6%** | |
| Airbus SE | 360 | $68067 |
| **Air Freight & Logistics - 2.2%** | **Air Freight & Logistics - 2.2%** |  |
| Logista Integral SA | 2550 | 95430 |
| **Automobile Components - 1.4%** | **Automobile Components - 1.4%** |  |
| Magna International, Inc. | 1102 | 61503 |
| **Automobiles - 0.7%** | **Automobiles - 0.7%** |  |
| Mercedes-Benz Group AG | 525 | 32268 |
| **Banks - 13.6%** | **Banks - 13.6%** |  |
| ABN AMRO Bank NV | 1810 | 57379 |
| Banca Monte dei Paschi di Siena SpA | 8630 | 75302 |
| Banco Santander SA | 2670 | 29933 |
| Barclays PLC | 13482 | 70557 |
| BNP Paribas SA | 1194 | 113745 |
| ING Groep NV | 2742 | 71174 |
| Lloyds Banking Group PLC | 64200 | 79571 |
| NatWest Group PLC | 3584 | 26550 |
| Societe Generale SA | 866 | 63233 |
|  |  | 587444 |
| **Beverages - 4.5%** | **Beverages - 4.5%** |  |
| Arca Continental SAB de CV | 5500 | 63353 |
| Heineken Holding NV | 1827 | 130021 |
|  |  | 193374 |
| **Capital Markets - 3.1%** | **Capital Markets - 3.1%** |  |
| IGM Financial, Inc. | 1040 | 49552 |
| Julius Baer Group Ltd. | 1150 | 84587 |
|  |  | 134139 |
| **Chemicals - 9.9%** | **Chemicals - 9.9%** |  |
| Akzo Nobel NV | 2820 | 162109 |
| Fuso Chemical Co. Ltd. | 8400 | 149899 |
| Nippon Sanso Holdings Corp. | 3300 | 117013 |
|  |  | 429021 |
| **Communications Equipment - 4.1%** | **Communications Equipment - 4.1%** |  |
| Telefonaktiebolaget LM Ericsson - Class B | 15479 | 176464 |
| **Energy Equipment & Services - 1.3%** | **Energy Equipment & Services - 1.3%** |  |
| Subsea 7 SA | 1785 | 55297 |
| **Food Products - 0.0% <sup>(a)</sup>** | **Food Products - 0.0% <sup>(a)</sup>** |  |
| Magnum Ice Cream Co. NV <sup>(b)</sup> | 115 | 1692 |
| **Health Care Equipment & Supplies - 3.7%** | **Health Care Equipment & Supplies - 3.7%** |  |
| Koninklijke Philips NV | 2854 | 78064 |
| Siemens Healthineers AG <sup>(c)</sup> | 1900 | 81066 |
|  |  | 159130 |
| **Hotels, Restaurants & Leisure - 3.9%** | **Hotels, Restaurants & Leisure - 3.9%** |  |
| Accor SA | 2140 | 102642 |
| Lottomatica Group SpA | 2300 | 66412 |
|  |  | 169054 |
| **Household Durables - 1.9%** | **Household Durables - 1.9%** |  |
| Panasonic Holdings Corp. | 4900 | 82180 |
| **Household Products - 3.2%** | **Household Products - 3.2%** |  |
| Henkel AG & Co. KGaA | 1900 | 136478 |
| **Industrial Conglomerates - 4.1%** | **Industrial Conglomerates - 4.1%** |  |
| Siemens AG | 420 | 102327 |
| Smiths Group PLC | 2495 | 76137 |
|  |  | 178464 |
| **IT Services - 0.7%** | **IT Services - 0.7%** |  |
| Capgemini SE | 255 | 30090 |
| **Machinery - 1.5%** | **Machinery - 1.5%** |  |
| CNH Industrial NV | 1368 | 15048 |
| Daimler Truck Holding AG | 980 | 48261 |
|  |  | 63309 |
| **Media - 4.7%** | **Media - 4.7%** |  |
| Havas NV | 4285 | 75046 |
| Informa PLC | 4200 | 42183 |
| RTL Group SA | 540 | 23122 |
| WPP PLC | 20445 | 63941 |
|  |  | 204292 |
| **Metals & Mining - 1.6%** | **Metals & Mining - 1.6%** |  |
| Glencore PLC | 9185 | 69566 |
| **Multi-Utilities - 2.6%** | **Multi-Utilities - 2.6%** |  |
| National Grid PLC | 6585 | 111155 |
| **Oil, Gas & Consumable Fuels - 10.9%** | **Oil, Gas & Consumable Fuels - 10.9%** |  |
| Cenovus Energy, Inc. | 1475 | 39147 |
| Kosmos Energy Ltd. <sup>(b)</sup> | 13788 | 38331 |
| Shell PLC | 3627 | 169603 |
| Suncor Energy, Inc. | 945 | 62504 |
| TotalEnergies SE | 1770 | 162441 |
|  |  | 472026 |
| **Passenger Airlines - 2.7%** | **Passenger Airlines - 2.7%** |  |
| Qantas Airways Ltd. | 19615 | 115223 |
| **Personal Care Products - 0.6%** | **Personal Care Products - 0.6%** |  |
| Unilever PLC | 510 | 27998 |
| **Pharmaceuticals - 3.1%** | **Pharmaceuticals - 3.1%** |  |
| AstraZeneca PLC | 490 | 95814 |
| GSK PLC | 1467 | 40409 |
|  |  | 136223 |
| **Professional Services - 1.3%** | **Professional Services - 1.3%** |  |
| Randstad NV | 2155 | 56245 |
| **Semiconductors & Semiconductor Equipment - 1.8%** | **Semiconductors & Semiconductor Equipment - 1.8%** |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 225 | 76039 |
| **Software - 4.1%** | **Software - 4.1%** |  |
| SAP SE | 1040 | 177303 |
| **Textiles, Apparel & Luxury Goods - 0.7%** | **Textiles, Apparel & Luxury Goods - 0.7%** |  |
| Burberry Group PLC <sup>(b)</sup> | 2060 | 30142 |
| **Wireless Telecommunication Services - 1.5%** | **Wireless Telecommunication Services - 1.5%** |  |
| Vodafone Group PLC | 43941 | 66278 |
| **TOTAL COMMON STOCKS** (Cost $3,327,973) | **TOTAL COMMON STOCKS** (Cost $3,327,973) | 4195894 |
| **PREFERRED STOCKS - 0.9%** | **Shares**  | **Value**  |
| **Automobiles - 0.9%** | **Automobiles - 0.9%** |  |
|  Bayerische Motoren Werke AG, 0.00% | 421 | 38754 |
| **TOTAL PREFERRED STOCKS** (Cost $29,304) | **TOTAL PREFERRED STOCKS** (Cost $29,304) | 38754 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.1%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> | 92175 | 92175 |
| **TOTAL MONEY MARKET FUNDS** (Cost $92,175) | **TOTAL MONEY MARKET FUNDS** (Cost $92,175) | 92175 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $3,449,452**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $3,449,452**)** | 4326823 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(a)</sup> | Liabilities in Excess of Other Assets - (0.0)% <sup>(a)</sup> | (1833) |
| **TOTAL NET ASSETS - 100.0%** |  | $4324990 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company<br>|
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by MSCI, an independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company. The GICS methodology has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. Each stock that is classified will have a coding at all four of these levels. |

---

(a) Represents less than 0.05% of net assets.

(b) Non-income producing security.

(c) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of March 31, 2026, the value of these securities total $81,066 or 1.9% of the Fund's net assets.

(d) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Hotchkis & Wiley International Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $405477 | $3790417 | $– | $4195894 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | – | 38754 | – | 38754 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 92175 | – | – | 92175 |
| Total Investments | $497652 | $3829171 | $– | $4326823 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of March 31, 2026** | **Allocation of Portfolio Holdings by Country as of March 31, 2026** | |
| (% of Net Assets) | (% of Net Assets) |  |
| United Kingdom | $915226 | 21.0% |
| Netherlands | 631730 | 14.5 |
| Germany | 616457 | 14.3 |
| France | 540218 | 12.6 |
| Japan | 349092 | 8.1 |
| Canada | 212706 | 4.8 |
| Australia | 184789 | 4.3 |
| Sweden | 176464 | 4.1 |
| Italy | 141714 | 3.3 |
| Spain | 125363 | 2.9 |
| United States | 93788 | 2.2 |
| Switzerland | 84587 | 2.0 |
| Taiwan | 76039 | 1.8 |
| Mexico | 63353 | 1.5 |
| Luxembourg | 23122 | 0.5 |
| Cash and Other | 90342 | 2.1 |
|  | $**4324990** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS/DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Hotchkis and Wiley International Value Fund

- **b. EDGAR series identifier (if any):** S000052191

- **c. LEI of Series:** 549300B2CI7CY976WM57

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4428176.44

**Total Liabilities:** $86040.51

**Net Assets:** $4342135.93

**Cash Not Reported:** $21795.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164215 | 5.14%                | 5.45%                | -8.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21661.89                | $200898.65                                 |
| Month 2  | $76203.34                | $159171.56                                 |
| Month 3  | $59645.08                | $-455016.72                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Subsea 7 SA                    | Subsea 7 SA                                | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | GB        |      1785 | NS      | $55297.05     | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd             | Qantas Airways Ltd                         | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     19615 | NS      | $115223.48    | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       225 | NS      | $76038.75     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| RTL Group SA                   | RTL Group SA                               | CUSIP: N/A<br>LEI: 5493000C8J3C3SZYS040       | Long             | EC               | CORP              | LU        |       540 | NS      | $23121.39     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                      | Shell PLC                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      3627 | NS      | $169603.39    | 3.91%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                         | SAP SE                                     | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      1040 | NS      | $177302.80    | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Accor SA                       | Accor SA                                   | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |      2140 | NS      | $102641.71    | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                    | Informa PLC                                | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |      4200 | NS      | $42183.34     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                        | GSK PLC                                    | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |      1467 | NS      | $40408.96     | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC       | Lloyds Banking Group PLC                   | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |     64200 | NS      | $79571.22     | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                               | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |     13482 | NS      | $70557.39     | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                      | Airbus SE                                  | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |       360 | NS      | $68066.60     | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV         | Koninklijke Philips NV                     | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |      2854 | NS      | $78063.66     | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      1194 | NS      | $113745.31    | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC              | National Grid PLC                          | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |      6585 | NS      | $111154.72    | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                          | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |      3584 | NS      | $26549.92     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                     | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |       525 | NS      | $32268.18     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA             | Banco Santander SA                         | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |      2670 | NS      | $29932.76     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                     | Siemens AG                                 | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |       420 | NS      | $102326.81    | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG                | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EP               | CORP              | DE        |       421 | NS      | $38754.17     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson            | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     15479 | NS      | $176464.25    | 4.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV            | Heineken Holding NV                        | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |      1827 | NS      | $130021.38    | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      1770 | NS      | $162441.00    | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC               | Smiths Group PLC                           | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |      2495 | NS      | $76137.48     | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                            | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |       490 | NS      | $95814.00     | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                         | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |      2060 | NS      | $30141.95     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd          | Julius Baer Group Ltd                      | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |      1150 | NS      | $84587.10     | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV     | Arca Continental SAB de CV                 | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |      5500 | NS      | $63352.95     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |      1900 | NS      | $136478.42    | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Magna International Inc        | Magna International Inc                    | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      1102 | NS      | $61502.62     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc             | Cenovus Energy Inc                         | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               | CORP              | CA        |      1475 | NS      | $39146.72     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                               | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |      2742 | NS      | $71173.56     | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                          | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |      1368 | NS      | $15048.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     92175 | NS      | $92174.55     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                   | Capgemini SE                               | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |       255 | NS      | $30089.76     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp        | Panasonic Holdings Corp                    | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |      4900 | NS      | $82179.67     | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                               | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |      9185 | NS      | $69565.59     | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG        | Siemens Healthineers AG                    | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |      1900 | NS      | $81065.90     | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                         | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |     43941 | NS      | $66278.08     | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                  | Akzo Nobel NV                              | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |      2820 | NS      | $162109.45    | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Sien | Banca Monte dei Paschi di Siena SpA        | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |      8630 | NS      | $75301.69     | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Logista Integral SA            | Logista Integral SA                        | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |      2550 | NS      | $95430.29     | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG       | Daimler Truck Holding AG                   | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |       980 | NS      | $48261.13     | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co NV/The     | Magnum Ice Cream Co NV/The                 | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |       115 | NS      | $1692.30      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV               | ABN AMRO Bank NV                           | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |      1810 | NS      | $57378.74     | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuso Chemical Co Ltd           | Fuso Chemical Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8400 | NS      | $149898.95    | 3.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Havas NV                       | Havas NV                                   | CUSIP: N/A<br>LEI: 894500L53AVOFQK7T710       | Long             | EC               | CORP              | FR        |      4285 | NS      | $75046.34     | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                    | Randstad NV                                | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |      2155 | NS      | $56245.42     | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp     | Nippon Sanso Holdings Corp                 | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |      3300 | NS      | $117012.73    | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP PLC                        | WPP PLC                                    | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | GB        |     20445 | NS      | $63940.74     | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA            | Societe Generale SA                        | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |       866 | NS      | $63232.95     | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc              | Suncor Energy Inc                          | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |       945 | NS      | $62504.10     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                               | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |       510 | NS      | $27998.51     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| IGM Financial Inc              | IGM Financial Inc                          | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |      1040 | NS      | $49551.58     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd              | Kosmos Energy Ltd                          | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |     13788 | NS      | $38330.64     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa          | Lottomatica Group Spa                      | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |      2300 | NS      | $66412.51     | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** HOTCHKIS & WILEY FUNDS/DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer