# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0001145549-23-005676
**Filing Date:** 2023-2
**Character Count:** 23629
**Document Hash:** 1f0bd2fb48bb9b58f7d7410c1a91838b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-005676.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001145549-23-005676

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 23597826

**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 & Wiley Small Cap Value Fund (Series ID: S000006215)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017134 | Class I      | HWSIX           |
| C000017135 | Class A      | HWSAX           |
| C000017136 | Class C      | HWSCX           |
| C000205769 | Class Z      | HWSZX           |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000006215

- **c. LEI of Series:** 549300C1B9DFFEPN4U41

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $673740473.56

**Total Liabilities:** $14733356.39

**Net Assets:** $659007117.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017134 | 15.27%               | 5.22%                | -6.38%               |
| Class ID C000017135 | 15.24%               | 5.21%                | -6.39%               |
| Class ID C000017136 | 15.20%               | 5.14%                | -6.45%               |
| Class ID C000205769 | 15.28%               | 5.24%                | -6.36%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $639717.53               | $86951082.25                               |
| Month 2  | $-9056511.81             | $42514064.24                               |
| Month 3  | $1850734.20              | $-47496500.92                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adtalem Global Education Inc    | Adtalem Global Education Inc          | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |    300600 | NS      | $10671300.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings   | Allison Transmission Holdings Inc     | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    192600 | NS      | $8012160.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc            | Kinetik Holdings Inc                  | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31390 | NS      | $1038381.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Arrow Electronics Inc           | Arrow Electronics Inc                 | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |    148700 | NS      | $15549559.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp            | Associated Banc-Corp                  | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     66800 | NS      | $1542412.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                     | Avista Corp                           | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    104500 | NS      | $4633530.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN        | Miller Industries Inc/TN              | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    138300 | NS      | $3687078.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                 | Murphy Oil Corp                       | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    492900 | NS      | $21199629.00  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                       | Olin Corp                             | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    113900 | NS      | $6029866.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corp                 | Ranger Oil Corp                       | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |     71400 | NS      | $2886702.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners       | Perella Weinberg Partners             | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    522600 | NS      | $5121480.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                     | Plexus Corp                           | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     87800 | NS      | $9037254.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                     | Popular Inc                           | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    376300 | NS      | $24956216.00  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc               | Quad/Graphics Inc                     | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |    402700 | NS      | $1643016.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The               | RMR Group Inc/The                     | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |    117400 | NS      | $3316550.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp            | Range Resources Corp                  | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    313800 | NS      | $7851276.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc            | Rush Enterprises Inc                  | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     34350 | NS      | $1795818.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                        | SLM Corp                              | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1363000 | NS      | $22625800.00  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties      | Seritage Growth Properties            | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |   1716310 | NS      | $20303947.30  | 3.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Sonic Automotive Inc            | Sonic Automotive Inc                  | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    214400 | NS      | $10563488.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                    | Stagwell Inc                          | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |   4181400 | NS      | $25966494.00  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp           | Stifel Financial Corp                 | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    145800 | NS      | $8510346.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ODP Corp/The                    | ODP Corp/The                          | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    236180 | NS      | $10755637.20  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc             | Thor Industries Inc                   | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     49600 | NS      | $3744304.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                    | TrueBlue Inc                          | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    786650 | NS      | $15402607.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                         | WEX Inc                               | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     40200 | NS      | $6578730.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockhopper Exploration PLC      | Rockhopper Exploration PLC            | CUSIP: N/A<br>LEI: 213800IPXW6XRLVCL581       | Long             | EC               | CORP              | GB        |   2566400 | NS      | $279239.81    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                      | Adient PLC                            | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | US        |    541500 | NS      | $18784635.00  | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son L  | Bank of NT Butterfield & Son Ltd/The  | CUSIP: N/A<br>LEI: 549300V8RVM0EMTDPF28       | Long             | EC               | CORP              | BM        |    569300 | NS      | $16970833.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd              | Capri Holdings Ltd                    | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | GB        |     68800 | NS      | $3943616.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                | Enstar Group Ltd                      | CUSIP: N/A<br>LEI: 213800AMAL5QFXVUCN04       | Long             | EC               | CORP              | BM        |     88519 | NS      | $20451429.76  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd         | Herbalife Nutrition Ltd               | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | US        |    142900 | NS      | $2126352.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology   | International Game Technology PLC     | CUSIP: N/A<br>LEI: 549300UQ6KHRCZDRGZ76       | Long             | EC               | CORP              | US        |     94200 | NS      | $2136456.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV         | Expro Group Holdings NV               | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |   1076582 | NS      | $19518431.66  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                      | Belden Inc                            | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |    123700 | NS      | $8894030.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                      | Berry Corp                            | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2328000 | NS      | $18624000.00  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                  | Brink's Co/The                        | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |    310900 | NS      | $16698439.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc         | CNO Financial Group Inc               | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    121900 | NS      | $2785415.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc        | CommScope Holding Co Inc              | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |    201300 | NS      | $1479555.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co               | Crane Holdings Co                     | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     92800 | NS      | $9321760.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                      | Diodes Inc                            | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     45900 | NS      | $3494826.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                     | Ecovyst Inc                           | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1531300 | NS      | $13567318.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corp        | Equitrans Midstream Corp              | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |   1350000 | NS      | $9045000.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc           | Euronet Worldwide Inc                 | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |    132700 | NS      | $12524226.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                    | Evercore Inc                          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |    289800 | NS      | $31611384.00  | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                          | F5 Inc                                | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    296500 | NS      | $42550715.00  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc              | First Hawaiian Inc                    | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    334800 | NS      | $8718192.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                      | Fluor Corp                            | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    465400 | NS      | $16130764.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                  | Flowserve Corp                        | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    623700 | NS      | $19135116.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Indemnity Group LLC      | Global Indemnity Group LLC            | CUSIP: 37959R103<br>LEI: 549300KNR55WEKSPTK65 | Long             | EC               | CORP              | US        |    316036 | NS      | $7366799.16   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The          | Greenbrier Cos Inc/The                | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |    136400 | NS      | $4573492.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp      | Horace Mann Educators Corp            | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    205600 | NS      | $7683272.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Global Inc               | Hudson Global Inc                     | CUSIP: 443787205<br>LEI: 54930073WVI9H7ILKL69 | Long             | EC               | CORP              | US        |    147460 | NS      | $3337019.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                       | Itron Inc                             | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |    235100 | NS      | $11907815.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                      | Korn Ferry                            | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    334300 | NS      | $16922266.00  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd               | Kosmos Energy Ltd                     | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   3527100 | NS      | $22432356.00  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Luther Burbank Corp             | Luther Burbank Corp                   | CUSIP: 550550107<br>LEI: 5493007YRUZ4ZDZM0J48 | Long             | EC               | CORP              | US        |    117800 | NS      | $1308758.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc               | ManpowerGroup Inc                     | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |    188000 | NS      | $15643480.00  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Brown Brothers Harriman and Co.       | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         0 | PA      | $0.12         | 0.00%             | 2022-12-31      | Fixed         | 2.41%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Skandinaviska Enskilda Banken         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |  13804579 | PA      | $13804578.99  | 2.09%             | 2022-12-31      | Fixed         | 3.68%                 | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po  | Invesco Government & Agency Portfolio | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |  13475294 | NS      | $13475293.70  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

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

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer