# EDGAR Filing Document

**Accession Number:** 0001047712
**File Stem:** 0001752724-25-203892
**Filing Date:** 2025-8
**Character Count:** 40539
**Document Hash:** b96892d4a2d3c5d4640f8d5755352bd6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203892.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203892

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNDISCOVERED MANAGERS FUNDS
- **CENTRAL INDEX KEY:** 0001047712

**ORGANIZATION NAME:**
- **EIN:** 043400483
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08437
- **FILM NUMBER:** 251253655

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

## Series and Classes Contracts Data

### Undiscovered Managers Behavioral Value Fund (Series ID: S000004186)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000011783 | Class L      | UBVLX           |
| C000011784 | Class A      | UBVAX           |
| C000011786 | Class C      | UBVCX           |
| C000126246 | Class I      | UBVSX           |
| C000126247 | Class R2     | UBVRX           |
| C000126248 | Class R6     | UBVFX           |
| C000177423 | Class R3     | UBVTX           |
| C000177424 | Class R4     | UBVUX           |
| C000177425 | Class R5     | UBVVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UNDISCOVERED MANAGERS FUNDS

- **b. Investment Company Act file number:** 811-08437

- **c. CIK number of Registrant:** 0001047712

- **d. LEI of Registrant:** 549300YPSG9HT1BD3R23

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

  - **Telephone number:** 800-480-4111

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

- **a. Name of Series:** Undiscovered Managers Behavioral Value Fund

- **b. EDGAR series identifier (if any):** S000004186

- **c. LEI of Series:** 549300641CHBOHMGD186

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $9553108642.57

**Total Liabilities:** $7569313.64

**Net Assets:** $9545539328.93

**Cash Not Reported:** $78479.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011784 | -6.17%               | 4.88%                | 2.81%                |
| Class ID C000126248 | -6.14%               | 4.91%                | 2.86%                |
| Class ID C000011783 | -6.15%               | 4.90%                | 2.85%                |
| Class ID C000177424 | -6.15%               | 4.89%                | 2.83%                |
| Class ID C000011786 | -6.20%               | 4.83%                | 2.77%                |
| Class ID C000177423 | -6.19%               | 4.88%                | 2.81%                |
| Class ID C000126246 | -6.15%               | 4.90%                | 2.84%                |
| Class ID C000177425 | -6.15%               | 4.91%                | 2.85%                |
| Class ID C000126247 | -6.20%               | 4.86%                | 2.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $86692962.72             | $-692875457.58                             |
| Month 2  | $125838802.84            | $292756251.36                              |
| Month 3  | $147559314.65            | $94717755.58                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                            | Radian Group, Inc.                                                    | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |   2174413 | NS      | $78322356.26  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's, Inc.                                | Carter's, Inc.                                                        | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |    222436 | NS      | $6701996.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings, Inc.                        | Koppers Holdings, Inc.                                                | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    937032 | NS      | $30125578.80  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA, Inc.                                   | TEGNA, Inc.                                                           | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |   2081410 | NS      | $34884431.60  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                    | Resideo Technologies, Inc.                                            | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |   7017426 | NS      | $154804417.56 | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp.                                  | Gentex Corp.                                                          | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |   4884176 | NS      | $107403030.24 | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                           | Flowers Foods, Inc.                                                   | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |   8186412 | NS      | $130818863.76 | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co. (The)                              | Timken Co. (The)                                                      | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |   1737564 | NS      | $126060268.20 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp, Inc.                       | Brookline Bancorp, Inc.                                               | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3981453 | NS      | $42004329.15  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical, Inc.                             | ICU Medical, Inc.                                                     | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |   1178000 | NS      | $155672700.00 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing Holdings, Inc.  | American Axle & Manufacturing Holdings, Inc.                          | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |   2812382 | NS      | $11474518.56  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                          | Old National Bancorp                                                  | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |  14328753 | NS      | $305775589.02 | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd, Inc.                                    | WaFd, Inc.                                                            | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3117610 | NS      | $91283620.80  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies, Inc.                      | TETRA Technologies, Inc.                                              | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |   6068508 | NS      | $20390186.88  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp.                            | Devon Energy Corp.                                                    | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |   5974732 | NS      | $190056224.92 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp.                               | NCR Voyix Corp.                                                       | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |   6192209 | NS      | $72634611.57  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp.                                     | UGI Corp.                                                             | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |   5829101 | NS      | $212295858.42 | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                         | Range Resources Corp.                                                 | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |   2373821 | NS      | $96543300.07  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                         | Assured Guaranty Ltd.                                                 | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |    845020 | NS      | $73601242.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale, Inc.                             | Hyster-Yale, Inc.                                                     | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181324 | NS      | $7213068.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp.                                     | LKQ Corp.                                                             | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |   3713421 | NS      | $137433711.21 | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co. (The)                             | Brink's Co. (The)                                                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |   1437353 | NS      | $128341249.37 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding, Inc.                        | JELD-WEN Holding, Inc.                                                | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |   4045328 | NS      | $15857685.76  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                                   | Terex Corp.                                                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |   2757701 | NS      | $128757059.69 | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                      | Advance Auto Parts, Inc.                                              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |   2736151 | NS      | $127203659.99 | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                   | Greif, Inc., Class A                                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |   1163021 | NS      | $75584734.79  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                       | United Bankshares, Inc.                                               | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |   1265527 | NS      | $46103148.61  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm, Inc.                                | Gentherm, Inc.                                                        | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |   1134964 | NS      | $32108131.56  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                         | Dentsply Sirona, Inc.                                                 | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |   9426219 | NS      | $149688357.72 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.               | Northwestern Energy Group, Inc.                                       | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    464870 | NS      | $23847831.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group, Inc. (The)                      | Ensign Group, Inc. (The)                                              | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |   1015692 | NS      | $156680647.92 | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp, Inc.                            | Hope Bancorp, Inc.                                                    | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |   5678763 | NS      | $60933126.99  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                    | Axis Capital Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |    451009 | NS      | $46823754.38  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                   | Horace Mann Educators Corp.                                           | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |   1908378 | NS      | $82003002.66  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp.                                | Celanese Corp.                                                        | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |   2587180 | NS      | $143148669.40 | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp, Inc.                 | Berkshire Hills Bancorp, Inc.                                         | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |   1746961 | NS      | $43743903.44  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corp.                                 | Magnera Corp.                                                         | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |   1027774 | NS      | $12415509.92  | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Columbia Sportswear Co.                       | Columbia Sportswear Co.                                               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |    331117 | NS      | $20224626.36  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd.          | White Mountains Insurance Group Ltd.                                  | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | BM        |     85469 | NS      | $153478392.68 | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                               | JBT Marel Corp.                                                       | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |    600827 | NS      | $72255455.02  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                     | CNO Financial Group, Inc.                                             | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |   3614790 | NS      | $139458598.20 | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co.                 | Graphic Packaging Holding Co.                                         | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  13750101 | NS      | $289714628.07 | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                              | Concentrix Corp.                                                      | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |   1751593 | NS      | $92580448.02  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp.            | Marriott Vacations Worldwide Corp.                                    | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |   1574690 | NS      | $113865833.90 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands, Inc.                             | Hanesbrands, Inc.                                                     | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |  15179059 | NS      | $69520090.22  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                             | Black Hills Corp.                                                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |   1123906 | NS      | $63051126.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                       | Pebblebrook Hotel Trust                                               | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |   5521949 | NS      | $55164270.51  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global, Inc.                              | MRC Global, Inc.                                                      | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |   3354761 | NS      | $45993773.31  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                     | Alexander & Baldwin, Inc.                                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1032416 | NS      | $18407977.28  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                       | KeyCorp                                                               | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |  27813305 | NS      | $484507773.10 | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd.               | James River Group Holdings Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |   1733483 | NS      | $10158210.38  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp.                                    | AGCO Corp.                                                            | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |   2319168 | NS      | $239245370.88 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                             | TXNM Energy, Inc.                                                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    693473 | NS      | $39056399.36  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp.                                  | CONMED Corp.                                                          | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |   1492288 | NS      | $77718359.04  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor, Inc.                               | Frontdoor, Inc.                                                       | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |    886349 | NS      | $52241410.06  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co., Inc.               | MSC Industrial Direct Co., Inc., Class A                              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    471044 | NS      | $40048160.88  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp.           | Integra LifeSciences Holdings Corp.                                   | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |   3336268 | NS      | $40936008.36  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.      | Science Applications International Corp.                              | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |    835591 | NS      | $94095902.51  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield plc                       | Cushman & Wakefield plc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |   3821552 | NS      | $42304580.64  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products, Inc.              | Reynolds Consumer Products, Inc.                                      | CUSIP: 76171L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4502641 | NS      | $96446570.22  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp.                                    | Olin Corp.                                                            | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |   5295439 | NS      | $106385369.51 | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire, Inc.                                   | Spire, Inc.                                                           | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |   1629389 | NS      | $118929103.11 | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust, Inc.                  | Americold Realty Trust, Inc.                                          | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |   7596494 | NS      | $126329695.22 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor plc                                     | Amcor plc                                                             | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | JE        |  29107209 | NS      | $267495250.71 | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries, Inc.                          | ABM Industries, Inc.                                                  | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |   1023665 | NS      | $48327224.65  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems, Inc.                          | Verint Systems, Inc.                                                  | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |   2823622 | NS      | $55540644.74  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6557094 | NS      | $148518179.10 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                  | Matson, Inc.                                                          | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |    489754 | NS      | $54534107.90  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.              | Armstrong World Industries, Inc.                                      | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |    187261 | NS      | $30418676.84  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                              | NCR Atleos Corp.                                                      | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |   1972401 | NS      | $56272600.53  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund              | JPMorgan Prime Money Market Fund, Class IM                            | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  21130310 | NS      | $21134536.19  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier, Inc.                                | Rayonier, Inc.                                                        | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    884285 | NS      | $19613441.30  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                         | Chatham Lodging Trust                                                 | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2242456 | NS      | $15629918.32  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus, Inc.                                 | Maximus, Inc.                                                         | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |   1475544 | NS      | $103583188.80 | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction, Inc.                    | Granite Construction, Inc.                                            | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |   1516398 | NS      | $141798376.98 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp.                                     | FNB Corp.                                                             | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |  17718709 | NS      | $258338777.22 | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                    | Broadstone Net Lease, Inc.                                            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |   1964280 | NS      | $31526694.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings, Inc.                  | Southwest Gas Holdings, Inc.                                          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |   1103050 | NS      | $82055889.50  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |    132158 | NS      | $132158.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp.                           | CVB Financial Corp.                                                   | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1973757 | NS      | $39060651.03  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal, Inc.                              | Kennametal, Inc.                                                      | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |   1239174 | NS      | $28451435.04  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp.                  | Simmons First National Corp., Class A                                 | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |   1270605 | NS      | $24090670.80  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.                    | Patterson-UTI Energy, Inc.                                            | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |  15539050 | NS      | $92146566.50  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co. (The)                                | Toro Co. (The)                                                        | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    355140 | NS      | $25101295.20  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.                 | Portland General Electric Co.                                         | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |   4336964 | NS      | $176210847.32 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties, Inc.                   | Healthpeak Properties, Inc.                                           | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |  18984983 | NS      | $332427052.33 | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                         | Silgan Holdings, Inc.                                                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |   1037990 | NS      | $56238298.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian, Inc.                          | First Hawaiian, Inc.                                                  | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |   4599816 | NS      | $114811407.36 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                       | Valley National Bancorp                                               | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |   7293955 | NS      | $65135018.15  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                | Citizens Financial Group, Inc.                                        | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |   8856339 | NS      | $396321170.25 | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes, Inc.                        | Tri Pointe Homes, Inc.                                                | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    759832 | NS      | $24276632.40  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                      | Energizer Holdings, Inc.                                              | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |   3344866 | NS      | $67432498.56  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding plc              | Sensata Technologies Holding plc                                      | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | GB        |   5810084 | NS      | $174941629.24 | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                        | Envista Holdings Corp.                                                | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   3635406 | NS      | $71035833.24  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp.                                   | Cabot Corp.                                                           | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |   1837207 | NS      | $137790525.00 | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp.                                  | Kemper Corp.                                                          | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |   3020998 | NS      | $194975210.92 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                             | Hillenbrand, Inc.                                                     | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |   3323469 | NS      | $66702022.83  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll, Inc.                             | MillerKnoll, Inc.                                                     | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |   2783322 | NS      | $54052113.24  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** UNDISCOVERED MANAGERS FUNDS

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer