# EDGAR Filing Document

**Accession Number:** 0001830437
**File Stem:** 0002066578-26-000481
**Filing Date:** 2026-2
**Character Count:** 190490
**Document Hash:** 8479d079eadd12ea502ed3fa28aa0501
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-000481.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002066578-26-000481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Perpetual Americas Funds Trust
- **CENTRAL INDEX KEY:** 0001830437

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23615
- **FILM NUMBER:** 26679075

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 617-993-0716

**MAIL ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHCM Funds Trust
- **DATE OF NAME CHANGE:** 20201029

## Series and Classes Contracts Data

### Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund (Series ID: S000084917)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000249635 | Institutional Shares | BEOIX           |

## Nport-Ex

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CONCENTRATED EMERGING MARKETS ESG OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 94.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 2.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao<sup>(a)</sup> <br>|  | 75739 | &nbsp;&nbsp; $192824 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | 21.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd. - Class H<sup>(b)</sup> <br>|  | 36859 | &nbsp;&nbsp; 92684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. |  | 75840 | &nbsp;&nbsp; 145293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JD.com, Inc. - Class A |  | 11299 | &nbsp;&nbsp; 162022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. |  | 70872 | &nbsp;&nbsp; 170016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd.<sup>(b)</sup> <br>|  | 94018 | &nbsp;&nbsp; 103408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd. - Class H |  | 32498 | &nbsp;&nbsp; 272045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co. Ltd. - Class H |  | 133483 | &nbsp;&nbsp; 86099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunny Optical Technology Group Co. Ltd. |  | 18985 | &nbsp;&nbsp; 159902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. |  | 154625 | &nbsp;&nbsp; 164307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. |  | 6585 | &nbsp;&nbsp; 137323 |
|  |  |  | &nbsp;&nbsp; 1493099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 15466 | &nbsp;&nbsp; 153911 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | 4.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPL Ltd. |  | 20870 | &nbsp;&nbsp; 184634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wipro Ltd. |  | 48667 | &nbsp;&nbsp; 142558 |
|  |  |  | &nbsp;&nbsp; 327192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk PT |  | 485766 | &nbsp;&nbsp; 148126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk PT |  | 891856 | &nbsp;&nbsp; 186608 |
|  |  |  | &nbsp;&nbsp; 334734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Bank Bhd. |  | 135542 | &nbsp;&nbsp; 151641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 3.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 14144 | &nbsp;&nbsp; 131123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico S.A.B. de C.V. - Class A |  | 69050 | &nbsp;&nbsp; 147245 |
|  |  |  | &nbsp;&nbsp; 278368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ayala Land, Inc. |  | 376529 | &nbsp;&nbsp; 143556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi National Bank (The) |  | 18491 | &nbsp;&nbsp; 186744 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | 6.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Absa Group Ltd. |  | 6834 | &nbsp;&nbsp; 98779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd.<sup>(a)</sup> <br>|  | 100660 | &nbsp;&nbsp; 367750 |
|  |  |  | &nbsp;&nbsp; 466529 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 17.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amorepacific Corp. |  | 2257 | &nbsp;&nbsp; 186923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Motor Co. |  | 1100 | &nbsp;&nbsp; 227159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. |  | 1850 | &nbsp;&nbsp; 327409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK hynix, Inc. |  | 1069 | &nbsp;&nbsp; 484127 |
|  |  |  | &nbsp;&nbsp; 1225618 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CONCENTRATED EMERGING MARKETS ESG OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 13.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bizlink Holding, Inc. |  | 5767 | &nbsp;&nbsp; $278985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globalwafers Co. Ltd. |  | 11293 | &nbsp;&nbsp; 145923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hiwin Technologies Corp. |  | 22782 | &nbsp;&nbsp; 140663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. |  | 2003 | &nbsp;&nbsp; 159052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MediaTek, Inc. |  | 5641 | &nbsp;&nbsp; 256731 |
|  |  |  | &nbsp;&nbsp; 981354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 5.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL - REG |  | 36833 | &nbsp;&nbsp; 226940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siam Cement (The) PCL - REG |  | 22943 | &nbsp;&nbsp; 133486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Srisawad Corp. PCL - REG |  | 69811 | &nbsp;&nbsp; 56505 |
|  |  |  | &nbsp;&nbsp; 416931 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | 2.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC |  | 33695 | &nbsp;&nbsp; 160000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vietnam | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vietnam Dairy Products JSC |  | 62787 | &nbsp;&nbsp; 146105 |
| TOTAL COMMON STOCKS (Cost $5,014,335) |  |  | &nbsp;&nbsp; 6658606 |
| PREFERRED STOCKS | 4.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 2.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bradesco S.A.<sup>(a)</sup> <br>|  | 49274 | &nbsp;&nbsp; 161316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Cibest S.A. - ADR, 2.21%<sup>(c)</sup> <br>|  | 2928 | &nbsp;&nbsp; 186250 |
| TOTAL PREFERRED STOCKS (Cost $229,420) |  |  | &nbsp;&nbsp; 347566 |
| SHORT-TERM INVESTMENTS | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(d)</sup> <br>|  | 48903 | &nbsp;&nbsp; 48903 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $48,903) |  |  | &nbsp;&nbsp; 48903 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $5,292,658)<br>| 99.7<br> %<br>|  | &nbsp;&nbsp; 7055075 |
| NET OTHER ASSETS (LIABILITIES) | 0.3<br> %<br>|  | &nbsp;&nbsp; 19503 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $7074578 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Non-income producing security. |
| <sup>(b)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $196,092 or 3% of net assets.<br>|
| <sup>(c)</sup>Current yield is disclosed. Dividends are calculated based on a percentage of the issuer's net income. |
| <sup>(d)</sup>7-day current yield as of December 31, 2025 is disclosed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR – American Depositary Receipt <br> REG – Registered

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CONCENTRATED EMERGING MARKETS ESG OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

At December 31, 2025 the industry sectors (excluding short-term investments) for the Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Financials  | 29.1% |
| Information Technology  | 26.0  |
| Industrials  | 10.1  |
| Materials  | &nbsp;&nbsp; 9.7  |
| Consumer Staples  | &nbsp;&nbsp; 8.9  |
| Consumer Discretionary  | &nbsp;&nbsp; 7.9  |
| Real Estate  | &nbsp;&nbsp; 3.5  |
| Communication Services  | &nbsp;&nbsp; 2.6  |
| Health Care  | &nbsp;&nbsp; 1.2  |
| Total | &nbsp;&nbsp; 99.0% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| ASSET-BACKED SECURITIES | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Asset-Backed Securities | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CTM CLO Ltd., Series 2025-2A - Class E<br> (Floating, 3M CME Term SOFR + 5.65%)<br> 9.56%, 10/20/38<sup>(a)(b)</sup> <br>|  | $500000 | &nbsp;&nbsp; $502982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eldridge CLO Ltd., Series 2025-1A - Class E<br> (Floating, 3M CME Term SOFR + 5.30%)<br> 9.22%, 10/20/38<sup>(a)(b)</sup> <br>|  | 325000 | &nbsp;&nbsp; 325521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO 29 Ltd., Series 2024-5A - Class ER<br> (Floating, 3M CME Term SOFR + 6.40%, 6.40% Floor)<br> 10.28%, 04/20/37<sup>(a)(b)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1002193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empower CLO Ltd., Series 2023-2A - Class ER<br> (Floating, 3M CME Term SOFR + 5.60%)<br> 9.50%, 10/15/38<sup>(a)(b)</sup> <br>|  | 750000 | &nbsp;&nbsp; 744424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Katayma CLO II Ltd., Series 2024-2A - Class E<br> (Floating, 3M CME Term SOFR + 7.33%, 7.33% Floor)<br> 11.21%, 04/20/37<sup>(a)(b)</sup> <br>|  | 250000 | &nbsp;&nbsp; 251683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market Street CLO Ltd. II, Series 2025-2A - Class E<br> (Floating, 3M CME Term SOFR + 5.85%)<br> 9.73%, 03/20/38<sup>(a)(b)</sup> <br>|  | 450000 | &nbsp;&nbsp; 452775 |
|  |  |  | &nbsp;&nbsp; 3279578 |
| TOTAL ASSET-BACKED SECURITIES (Cost $3,281,642) |  |  | &nbsp;&nbsp; 3279578 |
| CORPORATE BONDS | 68.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goat Holdco LLC<br> 6.75%, 02/01/32<sup>(a)</sup> <br>|  | 285000 | &nbsp;&nbsp; 292120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel & Textile Products | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC<br> 10.00%, 07/15/33<sup>(a)</sup> <br>|  | 200000 | &nbsp;&nbsp; 220738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global L.P./Clarios U.S. Finance Co.<br> 6.75%, 02/15/30<sup>(a)</sup> <br>|  | 865000 | &nbsp;&nbsp; 902896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber (The) Co.<br> 5.63%, 04/30/33<br>|  | 500000 | &nbsp;&nbsp; 473599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenneco, Inc.<br> 8.00%, 11/17/28<sup>(a)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1504800 |
|  |  |  | &nbsp;&nbsp; 2881295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic Industry | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avient Corp.<br> 6.25%, 11/01/31<sup>(a)</sup> <br>|  | 315000 | &nbsp;&nbsp; 323792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 955109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 765366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.75%, 01/31/29<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 185800 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/30<sup>(a)</sup> <br>|  | $750000 | &nbsp;&nbsp; $459935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/30<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 357191 |
|  |  |  | &nbsp;&nbsp; 2723401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Goods | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm, Inc.<br> 6.25%, 01/31/34<sup>(a)</sup> <br>|  | 150000 | &nbsp;&nbsp; 155637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 7.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours (The) Co.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1356319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(a)</sup> <br>|  | 1610000 | &nbsp;&nbsp; 1558826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc.<br> 8.00%, 10/01/29<sup>(a)</sup> <br>|  | 2210000 | &nbsp;&nbsp; 2232155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/32<sup>(a)</sup> <br>|  | 425000 | &nbsp;&nbsp; 434540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 08/15/33<sup>(a)</sup> <br>|  | 425000 | &nbsp;&nbsp; 440534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tronox, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/29<sup>(a)</sup> <br>|  | 510000 | &nbsp;&nbsp; 357029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 09/30/30<sup>(a)</sup> <br>|  | 420000 | &nbsp;&nbsp; 417608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(a)</sup> <br>|  | 1250000 | &nbsp;&nbsp; 1189808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/15/32<sup>(a)</sup> <br>|  | 125000 | &nbsp;&nbsp; 126596 |
|  |  |  | &nbsp;&nbsp; 8113415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 4.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC<br> 7.88%, 02/15/31<sup>(a)</sup> <br>|  | 635000 | &nbsp;&nbsp; 669213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp.<br> 6.88%, 06/15/30<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 520809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 <br> S.a.r.l.<br> 4.63%, 06/01/28<sup>(a)</sup> <br>|  | 125000 | &nbsp;&nbsp; 122914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AMN Healthcare, Inc.<br> 6.50%, 01/15/31<sup>(a)</sup> <br>|  | 900000 | &nbsp;&nbsp; 900240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Harbors, Inc.<br> 6.38%, 02/01/31<sup>(a)</sup> <br>|  | 125000 | &nbsp;&nbsp; 128623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enviri Corp.<br> 5.75%, 07/31/27<sup>(a)</sup> <br>|  | 1572000 | &nbsp;&nbsp; 1572895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waste Pro U.S.A., Inc.<br> 7.00%, 02/01/33<sup>(a)</sup> <br>|  | 670000 | &nbsp;&nbsp; 689922 |
|  |  |  | &nbsp;&nbsp; 4604616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc.<br> 6.38%, 03/01/32<sup>(a)</sup> <br>|  | 290000 | &nbsp;&nbsp; 301861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Building Solutions, Inc.<br> 6.50%, 08/15/32<sup>(a)</sup> <br>|  | 145000 | &nbsp;&nbsp; 149273 |
|  |  |  | &nbsp;&nbsp; 451134 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 3.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROG Holdings, Inc.<br> 6.00%, 11/15/29<sup>(a)</sup> <br>|  | $2250000 | &nbsp;&nbsp; $2223157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upbound Group, Inc.<br> 6.38%, 02/15/29<sup>(a)</sup> <br>|  | 1750000 | &nbsp;&nbsp; 1727996 |
|  |  |  | &nbsp;&nbsp; 3951153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc.<br> 7.13%, 08/15/28<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 500398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International LLC<br> 3.75%, 02/01/30<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 708965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LABL, Inc.<br> 8.25%, 11/01/29<sup>(a)</sup> <br>|  | 375000 | &nbsp;&nbsp; 138750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co.<br> 7.88%, 04/15/30<sup>(a)</sup> <br>|  | 1050000 | &nbsp;&nbsp; 1046861 |
|  |  |  | &nbsp;&nbsp; 2394974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC<br> 6.75%, 10/15/32<sup>(a)</sup> <br>|  | 80000 | &nbsp;&nbsp; 82681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 5.74%)<br> 7.00%, 12/15/26<sup>(a)(b)(c)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1017464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution, Inc.<br> 6.63%, 03/15/32<sup>(a)</sup> <br>|  | 640000 | &nbsp;&nbsp; 668294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B&G Foods, Inc.<br> 8.00%, 09/15/28<sup>(a)</sup> <br>|  | 2010000 | &nbsp;&nbsp; 1977578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 4.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentra Health Services, Inc.<br> 6.88%, 07/15/32<sup>(a)</sup> <br>|  | 165000 | &nbsp;&nbsp; 172549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAH Group Holding Co. LLC<br> 9.75%, 10/01/31<sup>(a)</sup> <br>|  | 660000 | &nbsp;&nbsp; 620634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(a)</sup> <br>|  | 375000 | &nbsp;&nbsp; 411238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(a)</sup> <br>|  | 495000 | &nbsp;&nbsp; 537304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Mentor Holdings, Inc.<br> 10.50%, 12/15/30<sup>(a)</sup> <br>|  | 1520000 | &nbsp;&nbsp; 1528053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.<br> 5.38%, 02/15/30<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 498626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC<br> 7.38%, 06/01/31<sup>(a)</sup> <br>|  | 1250000 | &nbsp;&nbsp; 1318696 |
|  |  |  | &nbsp;&nbsp; 5087100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ashton Woods U.S.A. LLC/Ashton Woods Finance Co.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/01/30<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 477413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 08/01/33<sup>(a)</sup> <br>|  | 380000 | &nbsp;&nbsp; 380302 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes, Inc.<br> 6.88%, 09/15/30<sup>(a)</sup> <br>|  | $255000 | &nbsp;&nbsp; $256438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STL Holding Co. LLC<br> 8.75%, 02/15/29<sup>(a)</sup> <br>|  | 320000 | &nbsp;&nbsp; 336119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp.<br> 6.75%, 01/15/34<sup>(a)</sup> <br>|  | 1510000 | &nbsp;&nbsp; 1529132 |
|  |  |  | &nbsp;&nbsp; 2979404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.<br> 6.00%, 09/15/33<sup>(a)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1438478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Financial Services | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc.<br> 10.00%, 08/15/30<sup>(a)</sup> <br>|  | 676000 | &nbsp;&nbsp; 728599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc.<br> 6.75%, 07/01/32<sup>(a)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1548808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC and Asurion Co-Issuer, Inc.<br> 8.00%, 12/31/32<sup>(a)</sup> <br>|  | 30000 | &nbsp;&nbsp; 31125 |
|  |  |  | &nbsp;&nbsp; 1579933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.<br> 6.50%, 02/15/32<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 512114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris, Inc.<br> 5.95%, 06/15/30<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 510005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPX FLOW, Inc.<br> 8.75%, 04/01/30<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 257923 |
|  |  |  | &nbsp;&nbsp; 767928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insulet Corp.<br> 6.50%, 04/01/33<sup>(a)</sup> <br>|  | 150000 | &nbsp;&nbsp; 156357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC<br> 8.00%, 10/01/30<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 265290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp.<br> 4.50%, 06/01/31<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 483062 |
|  |  |  | &nbsp;&nbsp; 748352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CQP Holdco L.P./BIP-V Chinook Holdco LLC<br> 5.50%, 06/15/31<sup>(a)</sup> <br>|  | 873000 | &nbsp;&nbsp; 863675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesis Energy L.P./Genesis Energy Finance Corp.<br> 8.88%, 04/15/30<br>|  | 250000 | &nbsp;&nbsp; 262759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Partners L.P./GLP Finance Corp.<br> 8.25%, 01/15/32<sup>(a)</sup> <br>|  | 1750000 | &nbsp;&nbsp; 1843238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ITT Holdings LLC<br> 6.50%, 08/01/29<sup>(a)</sup> <br>|  | 1945000 | &nbsp;&nbsp; 1867014 |
|  |  |  | &nbsp;&nbsp; 4836686 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 3.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(a)</sup> <br>|  | $500000 | &nbsp;&nbsp; $493952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 246068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MPT Operating Partnership L.P./MPT Finance Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 |  | 1000000 | &nbsp;&nbsp; 837798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/15/32<sup>(a)</sup> <br>|  | 1820000 | &nbsp;&nbsp; 1943639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Properties Trust<br> 8.63%, 11/15/31<sup>(a)</sup> <br>|  | 375000 | &nbsp;&nbsp; 393894 |
|  |  |  | &nbsp;&nbsp; 3915351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Owners & Developers | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greystar Real Estate Partners LLC<br> 7.75%, 09/01/30<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1054327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Services | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC<br> 8.88%, 09/01/31<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1068142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newmark Group, Inc.<br> 7.50%, 01/12/29<br>|  | 655000 | &nbsp;&nbsp; 702018 |
|  |  |  | &nbsp;&nbsp; 1770160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cougar JV Subsidiary LLC<br> 8.00%, 05/15/32<sup>(a)</sup> <br>|  | 35000 | &nbsp;&nbsp; 37417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC/PetSmart Finance Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/32<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 763263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.00%, 09/15/33<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 772208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QXO Building Products, Inc.<br> 6.75%, 04/30/32<sup>(a)</sup> <br>|  | 345000 | &nbsp;&nbsp; 360324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC/Victra Finance Corp.<br> 8.75%, 09/15/29<sup>(a)</sup> <br>|  | 445000 | &nbsp;&nbsp; 469564 |
|  |  |  | &nbsp;&nbsp; 2402776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 15.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty SR, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 12/15/28<sup>(a)</sup> <br>|  | 300000 | &nbsp;&nbsp; 298878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 07/15/30<sup>(a)</sup> <br>|  | 1140000 | &nbsp;&nbsp; 1084345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 4.30%)<br> 8.38%, 06/15/35<sup>(a)(b)</sup> <br>|  | 2895000 | &nbsp;&nbsp; 2992964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC<br> 9.25%, 07/01/31<sup>(a)</sup> <br>|  | 1140000 | &nbsp;&nbsp; 1173899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/01/31<sup>(a)</sup> <br>|  | 985000 | &nbsp;&nbsp; 985856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1074114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/01/32<sup>(a)</sup> <br>|  | 145000 | &nbsp;&nbsp; 152734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 04/01/33<sup>(a)</sup> <br>|  | 370000 | &nbsp;&nbsp; 383931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I<br> 6.35%, 12/21/65<sup>(a)(b)</sup> <br>|  | 2455000 | &nbsp;&nbsp; 2052566 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II<br> 6.60%, 12/21/65<sup>(a)(b)</sup> <br>|  | $1500000 | &nbsp;&nbsp; $1278029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp.<br> 6.63%, 10/15/31<sup>(a)</sup> <br>|  | 1330000 | &nbsp;&nbsp; 1308828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.<br> 7.00%, 07/15/31<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 265052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance Corp.<br> 7.13%, 09/15/32<br>|  | 1500000 | &nbsp;&nbsp; 1558395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rithm Capital Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/01/29<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1026701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 07/15/30<sup>(a)</sup> <br>|  | 1250000 | &nbsp;&nbsp; 1278329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walker & Dunlop, Inc.<br> 6.63%, 04/01/33<sup>(a)</sup> <br>|  | 295000 | &nbsp;&nbsp; 302557 |
|  |  |  | &nbsp;&nbsp; 17217178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TMS International Corp.<br> 6.25%, 04/15/29<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 966382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd.<br> 5.50%, 04/20/26<sup>(a)</sup> <br>|  | 72833 | &nbsp;&nbsp; 72937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC<br> 7.25%, 03/15/32<sup>(a)</sup> <br>|  | 290000 | &nbsp;&nbsp; 306899 |
|  |  |  | &nbsp;&nbsp; 379836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wholesale - Consumer Staples | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave Distribution, Inc.<br> 9.00%, 02/15/29<sup>(a)</sup> <br>|  | 645000 | &nbsp;&nbsp; 677056 |
| TOTAL CORPORATE BONDS (Cost $75,850,365) |  |  | &nbsp;&nbsp; 77076309 |
| FOREIGN ISSUER BONDS | 5.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 3.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 04/15/31<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1051484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/33<sup>(a)</sup> <br>|  | 1495000 | &nbsp;&nbsp; 1542919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aptiv Swiss Holdings Ltd.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.39%)<br> 6.88%, 12/15/54<sup>(b)</sup> <br>|  | 1045000 | &nbsp;&nbsp; 1084782 |
|  |  |  | &nbsp;&nbsp; 3679185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC<br> 5.13%, 07/15/29<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 619991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Finance PLC<br> 7.50%, 04/15/29<sup>(a)</sup> <br>|  | 640000 | &nbsp;&nbsp; 555882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trivium Packaging Finance B.V.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 07/15/30<sup>(a)</sup> <br>|  | 180000 | &nbsp;&nbsp; 192954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 01/15/31<sup>(a)</sup> <br>|  | 200000 | &nbsp;&nbsp; 217007 |
|  |  |  | &nbsp;&nbsp; 409961 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Play Telecomunicaciones S.A. de C.V.<br> 11.13%, 12/31/32<sup>(a)</sup> <br>|  | $675000 | &nbsp;&nbsp; $647527 |
| TOTAL FOREIGN ISSUER BONDS (Cost $6,099,104) |  |  | &nbsp;&nbsp; 5912546 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| INVESTMENT COMPANIES | 20.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barrow Hanley Floating Rate Fund<sup>†</sup> <br>|  | 2427952 | &nbsp;&nbsp; 23365112 |
| TOTAL INVESTMENT COMPANIES (Cost $23,859,243) |  |  | &nbsp;&nbsp; 23365112 |
| SHORT-TERM INVESTMENTS | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(d)</sup> <br>|  | 1787393 | &nbsp;&nbsp; 1787393 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,787,393) |  |  | &nbsp;&nbsp; 1787393 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $110,877,747)<br>| 98.5<br> %<br>|  | &nbsp;&nbsp; 111420938 |
| NET OTHER ASSETS (LIABILITIES) | 1.5<br> %<br>|  | &nbsp;&nbsp; 1644803 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $113065741 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $81,349,082 or 72% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at December 31, 2025, and the related index and spread are shown parenthetically for each <br> security.<br>|
| <sup>(c)</sup>Perpetual bond. Maturity date represents next call date. |
| <sup>(d)</sup>7-day current yield as of December 31, 2025 is disclosed. |
| <sup>†</sup>Investment in Affiliated Security. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> CLO – Collateralized Loan Obligation <br> SOFR – Secured Overnight Financing Rate

The following is a summary of the Fund's transactions with affiliates for the year ended December 31, 2025.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security**<br> **Description**<br>| &nbsp;&nbsp; **Value**<br> **09/30/2025**<br>| **Purchases**<br> **at Cost**<br>| &nbsp;&nbsp; **Proceeds**<br> **from Sales**<br>| **Realized**<br> **Gain/ (Loss)**<br>| &nbsp;&nbsp; **Change in Net**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**<br>| **Value**<br> **12/31/2025**<br>| **Income**<br> **Dividends**<br> **Received**<br>| **Capital Gains**<br> **Dividends**<br> **Received**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Barrow Hanley <br> Floating <br> Rate Fund<br>| $21995853 | &nbsp;&nbsp; $1532487 | $— | &nbsp;&nbsp; $— | $(163228) | &nbsp;&nbsp; $23365112 | &nbsp;&nbsp; $532487 | &nbsp;&nbsp; $— |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

At December 31, 2025 the Barrow Hanley Credit Opportunities Fund's investments were concentrated as follows:

---

| | |
|:---|:---|
| **Fixed Income Credit Ratings** | **% of Net Assets** |
| BBB-  | &nbsp;&nbsp; 2.9% |
| BB+  | &nbsp;&nbsp; 2.1  |
| BB  | 10.4  |
| BB-  | 18.5  |
| B+  | 27.8  |
| B  | 17.6  |
| B-  | 11.4  |
| CCC+  | &nbsp;&nbsp; 2.9  |
| CCC  | &nbsp;&nbsp; 1.1  |
| CCC-  | &nbsp;&nbsp; 0.3  |
| Cash equivalents  | &nbsp;&nbsp; 1.6  |
| N/A  | &nbsp;&nbsp; 1.9  |
| Total | 98.5% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 94.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 4.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao<sup>(a)</sup> <br>|  | 17081 | &nbsp;&nbsp; $43487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cosan S.A.<sup>(a)</sup> <br>|  | 39171 | &nbsp;&nbsp; 37762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hypera S.A.<sup>(a)</sup> <br>|  | 11537 | &nbsp;&nbsp; 49553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lojas Renner S.A.<sup>(a)</sup> <br>|  | 13861 | &nbsp;&nbsp; 33947 |
|  |  |  | &nbsp;&nbsp; 164749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parex Resources, Inc. |  | 4829 | &nbsp;&nbsp; 64912 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | 20.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baidu, Inc. - Class A<sup>(a)</sup> <br>|  | 4529 | &nbsp;&nbsp; 76524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Budweiser Brewing Co. APAC Ltd.<sup>(b)</sup> <br>|  | 49119 | &nbsp;&nbsp; 47903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd. - Class H<sup>(b)</sup> <br>|  | 13676 | &nbsp;&nbsp; 34389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. |  | 25554 | &nbsp;&nbsp; 48956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd. - Class H |  | 8155 | &nbsp;&nbsp; 55326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd. - Class H |  | 17752 | &nbsp;&nbsp; 34898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iQIYI, Inc. - ADR<sup>(a)</sup> <br>|  | 14990 | &nbsp;&nbsp; 28781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JD.com, Inc. - Class A |  | 4423 | &nbsp;&nbsp; 63423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. |  | 22614 | &nbsp;&nbsp; 54249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd.<sup>(b)</sup> <br>|  | 33145 | &nbsp;&nbsp; 36455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd. - Class H |  | 11438 | &nbsp;&nbsp; 95749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co. Ltd. - Class H |  | 58176 | &nbsp;&nbsp; 37525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunny Optical Technology Group Co. Ltd. |  | 5147 | &nbsp;&nbsp; 43351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. |  | 46951 | &nbsp;&nbsp; 49891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZTO Express Cayman, Inc. |  | 2671 | &nbsp;&nbsp; 55701 |
|  |  |  | &nbsp;&nbsp; 763121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 4547 | &nbsp;&nbsp; 45250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. |  | 9414 | &nbsp;&nbsp; 46352 |
|  |  |  | &nbsp;&nbsp; 91602 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | 4.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axis Bank Ltd. |  | 4319 | &nbsp;&nbsp; 60999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petronet LNG Ltd. |  | 13077 | &nbsp;&nbsp; 41335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPL Ltd. |  | 9447 | &nbsp;&nbsp; 83576 |
|  |  |  | &nbsp;&nbsp; 185910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 5.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astra International Tbk PT |  | 152780 | &nbsp;&nbsp; 61320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk PT |  | 262012 | &nbsp;&nbsp; 79896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk PT |  | 322423 | &nbsp;&nbsp; 67462 |
|  |  |  | &nbsp;&nbsp; 208678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Bank Bhd. |  | 37693 | &nbsp;&nbsp; 42170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 4.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 5962 | &nbsp;&nbsp; 55271 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico S.A.B. de C.V. - Class A |  | 25897 | &nbsp;&nbsp; $55224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wal-Mart de Mexico S.A.B. de C.V. |  | 13743 | &nbsp;&nbsp; 42837 |
|  |  |  | &nbsp;&nbsp; 153332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ayala Land, Inc. |  | 106433 | &nbsp;&nbsp; 40579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDO Unibank, Inc. |  | 16506 | &nbsp;&nbsp; 37698 |
|  |  |  | &nbsp;&nbsp; 78277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia | 0.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alrosa PJSC<sup>(a)(c)</sup> <br>|  | 12058 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Moscow Exchange MICEX-RTS PJSC<sup>(a)(c)</sup> <br>|  | 8812 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi National Bank (The) |  | 5703 | &nbsp;&nbsp; 57596 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | 6.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Absa Group Ltd. |  | 3160 | &nbsp;&nbsp; 45675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bidvest Group Ltd. |  | 3145 | &nbsp;&nbsp; 45103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold Fields Ltd. |  | 1773 | &nbsp;&nbsp; 77698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd.<sup>(a)</sup> <br>|  | 22876 | &nbsp;&nbsp; 83575 |
|  |  |  | &nbsp;&nbsp; 252051 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 16.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amorepacific Corp. |  | 644 | &nbsp;&nbsp; 53336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Motor Co. |  | 407 | &nbsp;&nbsp; 84049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Electric Power Corp. |  | 2609 | &nbsp;&nbsp; 85626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. |  | 894 | &nbsp;&nbsp; 158218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK hynix, Inc. |  | 410 | &nbsp;&nbsp; 185680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S-Oil Corp.<sup>(a)</sup> <br>|  | 975 | &nbsp;&nbsp; 56099 |
|  |  |  | &nbsp;&nbsp; 623008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 11.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bizlink Holding, Inc. |  | 2856 | &nbsp;&nbsp; 138162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globalwafers Co. Ltd. |  | 4709 | &nbsp;&nbsp; 60847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hiwin Technologies Corp. |  | 8826 | &nbsp;&nbsp; 54495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. |  | 780 | &nbsp;&nbsp; 61937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MediaTek, Inc. |  | 2664 | &nbsp;&nbsp; 121243 |
|  |  |  | &nbsp;&nbsp; 436684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 6.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL - REG |  | 10738 | &nbsp;&nbsp; 66160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PTT Oil & Retail Business PCL - REG |  | 124760 | &nbsp;&nbsp; 52628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siam Cement (The) PCL - REG |  | 7414 | &nbsp;&nbsp; 43136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Srisawad Corp. PCL - REG |  | 58671 | &nbsp;&nbsp; 47488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thai Beverage PCL |  | 135450 | &nbsp;&nbsp; 48473 |
|  |  |  | &nbsp;&nbsp; 257885 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC |  | 12001 | &nbsp;&nbsp; 56987 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fresnillo PLC |  | 1893 | &nbsp;&nbsp; $85073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investec PLC |  | 5769 | &nbsp;&nbsp; 42886 |
|  |  |  | &nbsp;&nbsp; 127959 |
| TOTAL COMMON STOCKS (Cost $2,851,658) |  |  | &nbsp;&nbsp; 3564921 |
| PREFERRED STOCKS | 3.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bradesco S.A.<sup>(a)</sup> <br>|  | 11724 | &nbsp;&nbsp; 38383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Cibest S.A. - ADR, 2.21%<sup>(d)</sup> <br>|  | 1212 | &nbsp;&nbsp; 77095 |
| TOTAL PREFERRED STOCKS (Cost $72,656) |  |  | &nbsp;&nbsp; 115478 |
| SHORT-TERM INVESTMENTS | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(e)</sup> <br>|  | 54387 | &nbsp;&nbsp; 54387 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $54,387) |  |  | &nbsp;&nbsp; 54387 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $2,978,701)<br>| 98.8<br> %<br>|  | &nbsp;&nbsp; 3734786 |
| NET OTHER ASSETS (LIABILITIES) | 1.2<br> %<br>|  | &nbsp;&nbsp; 43790 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $3778576 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Non-income producing security. |
| <sup>(b)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $118,747 or 3% of net assets.<br>|
| <sup>(c)</sup>Security valued pursuant to Level 3 unobservable inputs and is restricted for trading. |
| <sup>(d)</sup>Current yield is disclosed. Dividends are calculated based on a percentage of the issuer's net income. |
| <sup>(e)</sup>7-day current yield as of December 31, 2025 is disclosed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR – American Depositary Receipt <br> REG – Registered

At December 31, 2025 the industry sectors (excluding short-term investments) for the Barrow Hanley Emerging Markets Value Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Financials  | 24.8% |
| Information Technology  | 17.8  |
| Consumer Discretionary  | 10.7  |
| Industrials  | 10.7  |
| Materials  | &nbsp;&nbsp; 9.9  |
| Consumer Staples  | &nbsp;&nbsp; 7.9  |
| Communication Services  | &nbsp;&nbsp; 4.6  |
| Energy  | &nbsp;&nbsp; 4.3  |
| Health Care  | &nbsp;&nbsp; 2.3  |
| Utilities  | &nbsp;&nbsp; 2.3  |
| Real Estate  | &nbsp;&nbsp; 2.1  |
| Total | &nbsp;&nbsp; 97.4% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| ASSET-BACKED SECURITIES | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Asset-Backed Securities | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CTM CLO Ltd., Series 2025-2A - Class E<br> (Floating, 3M CME Term SOFR + 5.65%)<br> 9.56%, 10/20/38<sup>(a)(b)</sup> <br>|  | $500000 | &nbsp;&nbsp; $502983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eldridge CLO Ltd., Series 2025-1A - Class E<br> (Floating, 3M CME Term SOFR + 5.30%)<br> 9.22%, 10/20/38<sup>(a)(b)</sup> <br>|  | 325000 | &nbsp;&nbsp; 325521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empower CLO Ltd., Series 2023-2A - Class ER<br> (Floating, 3M CME Term SOFR + 5.60%)<br> 9.50%, 10/15/38<sup>(a)(b)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 992565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garnet CLO Ltd., Series 2025-1A - Class E<br> (Floating, 3M CME Term SOFR + 6.25%)<br> 10.52%, 07/20/37<sup>(a)(b)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1017803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Katayma CLO II Ltd., Series 2024-2A - Class E<br> (Floating, 3M CME Term SOFR + 7.33%, 7.33% Floor)<br> 11.21%, 04/20/37<sup>(a)(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 503367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market Street CLO Ltd. II, Series 2025-2A - Class E<br> (Floating, 3M CME Term SOFR + 5.85%)<br> 9.73%, 03/20/38<sup>(a)(b)</sup> <br>|  | 450000 | &nbsp;&nbsp; 452775 |
|  |  |  | &nbsp;&nbsp; 3795014 |
| TOTAL ASSET-BACKED SECURITIES (Cost $3,770,304) |  |  | &nbsp;&nbsp; 3795014 |
| BANK LOAN OBLIGATIONS<sup>(b)</sup> | 83.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advertising & Marketing | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnite, Inc., Amendment No. 2 Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 02/06/31<br>|  | 1604759 | &nbsp;&nbsp; 1598741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karman Holdings, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%)<br> 7.17%, 04/01/32<br>|  | 1333630 | &nbsp;&nbsp; 1343633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp., Term B Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%, 0.75% Floor)<br> 7.69%, 02/01/28<br>|  | 920653 | &nbsp;&nbsp; 853086 |
|  |  |  | &nbsp;&nbsp; 2196719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel & Textile Products | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, Tranche B-1 Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 6.92%, 09/12/32<br>|  | 300000 | &nbsp;&nbsp; 302064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Management | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc., Amendment No. 1 Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 07/30/31<br>|  | 82583 | &nbsp;&nbsp; 82913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fiserv Investment Solutions, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.00%)<br> 7.89%, 02/18/27<br>|  | 908396 | &nbsp;&nbsp; 895679 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Amendment No. 10 Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.00%)<br> 7.72%, 07/31/31<br>|  | $249375 | &nbsp;&nbsp; $247245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.22%, 07/31/31<br>|  | 1277724 | &nbsp;&nbsp; 1258698 |
|  |  |  | &nbsp;&nbsp; 2484535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient U.S. LLC, Term B-2 Loan<br> (Floating, CME Term SOFR USD 1M + 2.25%)<br> 5.97%, 01/31/31<br>|  | 1103410 | &nbsp;&nbsp; 1106863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global L.P., Amendment No. 6 Dollar Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 01/28/32<br>|  | 997500 | &nbsp;&nbsp; 1001241 |
|  |  |  | &nbsp;&nbsp; 2108104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nouryon Finance B.V., November 2024 B-1 Dollar Term Loan<br> (Floating, CME Term SOFR USD 6M + 3.25%)<br> 7.04%, 04/03/28<br>|  | 480781 | &nbsp;&nbsp; 480382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic Industry | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A-AP Buyer, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 09/09/31<br>|  | 78901 | &nbsp;&nbsp; 79148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W. R. Grace Holdings LLC, Term B-1 Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 6.69%, 08/19/32<br>|  | 246382 | &nbsp;&nbsp; 246151 |
|  |  |  | &nbsp;&nbsp; 325299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverage, Food & Tobacco | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B&G Foods, Inc., Term B-5 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.22%, 10/10/29<br>|  | 995905 | &nbsp;&nbsp; 957065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Del Monte Foods Corp. II, Inc., First Out Term Loan<br> (Floating, CME Term SOFR USD 3M + 8.15%, 0.50% Floor)<br> 11.92%, 08/02/28<br>|  | 124511 | &nbsp;&nbsp; 57275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Del Monte Foods Corp. II, Inc., Second Out Term Loans,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.25%, 0.50% Floor)<br> 8.10%, 08/02/28<br>|  | 14803 | &nbsp;&nbsp; 444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.25%, 0.50% Floor)<br> 8.17%, 08/02/28<br>|  | 91209 | &nbsp;&nbsp; 2736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Del Monte Foods Corp. II, Inc., Third Out Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.75%, 0.50% Floor)<br> 8.60%, 08/02/28<br>|  | 244090 | &nbsp;&nbsp; 2441 |
|  |  |  | &nbsp;&nbsp; 1019961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corp., 2025 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.25%, 0.50% Floor)<br> 5.92%, 03/31/28<br>|  | 279500 | &nbsp;&nbsp; 280177 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokerage Assetmanagers Exchanges | 1.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DRW Holdings LLC, 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.22%, 06/26/31<br>|  | $147061 | &nbsp;&nbsp; $144671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edelman Financial Engines Center (The) LLC, 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 5.25%)<br> 8.97%, 10/06/28<br>|  | 850000 | &nbsp;&nbsp; 847170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.50%, 10/21/31<br>|  | 778633 | &nbsp;&nbsp; 772793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., Amendment No. 1 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.22%, 10/16/31<br>|  | 82792 | &nbsp;&nbsp; 83310 |
|  |  |  | &nbsp;&nbsp; 1847944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Buildings & Real Estate | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.99%, 06/13/30<br>|  | 221885 | &nbsp;&nbsp; 223272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Subsea Communications Holding, Inc., 2025 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%, 0.75% Floor)<br> 7.22%, 01/30/31<br>|  | 643500 | &nbsp;&nbsp; 647683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KREF Holdings X LLC, 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%)<br> 6.25%, 03/05/32<br>|  | 81590 | &nbsp;&nbsp; 81947 |
|  |  |  | &nbsp;&nbsp; 952902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings LLC, September 2019 Initial Term Loan<br> (Floating, PRIME USD 3M + 1.50%, 1.00% Floor)<br> 8.25%, 04/15/27<br>|  | 765630 | &nbsp;&nbsp; 667736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Goods | 3.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chariot Buyer LLC, Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 09/08/32<br>|  | 912797 | &nbsp;&nbsp; 914130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form Technologies LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 5.75%, 0.50% Floor)<br> 9.62%, 07/19/30<br>|  | 236670 | &nbsp;&nbsp; 212116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global IID Parent LLC, 2025 Refinancing Term B Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.50% Floor)<br> 8.18%, 12/16/28<br>|  | 1520960 | &nbsp;&nbsp; 1513355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicor LLC, Tranche D Dollar Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%, 0.50% Floor)<br> 6.42%, 11/22/29<br>|  | 770427 | &nbsp;&nbsp; 774541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MSOF Beacon LLC, Term Loan B<br> 12/23/32<sup>(c)</sup> <br>|  | 237300 | &nbsp;&nbsp; 238190 |
|  |  |  | &nbsp;&nbsp; 3652332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cargo Transport | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kenan Advantage Group (The), Inc., U.S. Term B-4 Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 01/25/29<br>|  | 374222 | &nbsp;&nbsp; 370386 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours (The) Co., Tranche B-4 US$ Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.22%, 10/15/32<br>|  | $1866000 | &nbsp;&nbsp; $1840342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc., Term B Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.75% Floor)<br> 7.58%, 04/20/28<br>|  | 1109339 | &nbsp;&nbsp; 1098246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tronox Finance LLC, 2024-B Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 2.50%)<br> 6.17%, 09/30/31<br>|  | 836366 | &nbsp;&nbsp; 643742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 2.50%)<br> 6.22%, 09/30/31<br>|  | 657350 | &nbsp;&nbsp; 505956 |
|  |  |  | &nbsp;&nbsp; 4088286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals, Plastics & Rubber | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos U.S. Finance LLC, 2030 Dollar Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 02/19/30<sup>(c)</sup> <br>|  | 1263 | &nbsp;&nbsp; 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 02/19/30<br>|  | 498737 | &nbsp;&nbsp; 402107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Koppers, Inc., Term B-2 Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%, 0.50% Floor)<br> 6.22%, 04/10/30<br>|  | 1155619 | &nbsp;&nbsp; 1149124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wilsonart LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%)<br> 7.92%, 08/05/31<br>|  | 1002312 | &nbsp;&nbsp; 969737 |
|  |  |  | &nbsp;&nbsp; 2521986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BIFM CA Buyer, Inc., 2025 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 6.97%, 05/31/28<br>|  | 1069496 | &nbsp;&nbsp; 1075731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Advantage Holdings LLC, Term B-3 Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 10/31/31<br>|  | 494158 | &nbsp;&nbsp; 488465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, 2024 Delayed Draw Term Loan<br> 11/19/31<sup>(c)(d)</sup> <br>|  | 31602 | &nbsp;&nbsp; 31691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 11/19/31<br>|  | 439111 | &nbsp;&nbsp; 440345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xplor T1 LLC, Second Amendment Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%)<br> 7.29%, 12/01/32<br>|  | 591817 | &nbsp;&nbsp; 591817 |
|  |  |  | &nbsp;&nbsp; 2628049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Cyclical | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DS Parent, Inc., Term Loan B<br> (Floating, CME Term SOFR USD 3M + 5.50%, 0.75% Floor)<br> 9.17%, 01/31/31<br>|  | 985000 | &nbsp;&nbsp; 899305 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECi Macola/MAX Holding LLC, 2025 Repricing Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%, 0.75% Floor)<br> 6.42%, 05/09/30<br>|  | $76232 | &nbsp;&nbsp; $76554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fleet Midco I Ltd., Facility B2<br> (Floating, CME Term SOFR USD 6M + 2.75%)<br> 6.79%, 02/21/31<br>|  | 560057 | &nbsp;&nbsp; 562157 |
|  |  |  | &nbsp;&nbsp; 1538016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Non-Cyclical | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; C&S Wholesale Grocers LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 5.00%)<br> 8.67%, 09/20/30<br>|  | 408975 | &nbsp;&nbsp; 398751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte Buyer, Inc., Second Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.25%, 0.50% Floor)<br> 8.01%, 02/11/28<br>|  | 771346 | &nbsp;&nbsp; 756521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAH Group Holding Co. LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 5.00%)<br> 8.72%, 09/24/31<br>|  | 748111 | &nbsp;&nbsp; 653782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; High Liner Foods, Inc., Initial Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 6.92%, 07/31/31<br>|  | 38215 | &nbsp;&nbsp; 38231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 6.95%, 07/31/31<br>|  | 32472 | &nbsp;&nbsp; 32485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 7.07%, 07/31/31<br>|  | 13530 | &nbsp;&nbsp; 13535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 7.17%, 07/31/31<br>|  | 32472 | &nbsp;&nbsp; 32485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 7.18%, 07/31/31<br>|  | 40590 | &nbsp;&nbsp; 40607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lavender Dutch BorrowerCo B.V., Facility B<br> 12/30/32<sup>(c)</sup> <br>|  | 500000 | &nbsp;&nbsp; 503540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osmosis Buyer Ltd., 2025 Refinancing Term B Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 6.85%, 07/31/28<br>|  | 298927 | &nbsp;&nbsp; 299474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 6.87%, 07/31/28<br>|  | 198032 | &nbsp;&nbsp; 198395 |
|  |  |  | &nbsp;&nbsp; 2967806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASP Dream Acquisition Co. LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.25%, 0.75% Floor)<br> 8.07%, 12/15/28<br>|  | 496144 | &nbsp;&nbsp; 470717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., 2025 Incremental Delayed Draw Term B <br> Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 6.97%, 04/01/32<br>|  | 1093615 | &nbsp;&nbsp; 1092149 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Five Star Lower Holding LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.50% Floor)<br> 7.99%, 05/05/29<br>|  | $382162 | &nbsp;&nbsp; $379870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., 2025 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.23%, 04/15/30<br>|  | 977312 | &nbsp;&nbsp; 955938 |
|  |  |  | &nbsp;&nbsp; 2427957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers, Packaging & Glass | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pregis TopCo LLC, Tenth Amendment Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.00%)<br> 7.72%, 02/01/29<br>|  | 868273 | &nbsp;&nbsp; 874941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified/Conglomerate Manufacturing | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ranpak Corp., Initial Dutch Borrower Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%)<br> 8.22%, 12/19/31<br>|  | 155081 | &nbsp;&nbsp; 154694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ranpak Corp., Initial U.S. Borrower Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%)<br> 8.22%, 12/19/31<br>|  | 242316 | &nbsp;&nbsp; 241710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VT Topco, Inc., Second Amendment Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 6.87%, 08/09/30<br>|  | 1235650 | &nbsp;&nbsp; 1216892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WireCo WorldGroup, Inc., 2023 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%)<br> 7.61%, 11/13/28<br>|  | 932311 | &nbsp;&nbsp; 932311 |
|  |  |  | &nbsp;&nbsp; 2545607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified/Conglomerate Service | 3.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, Amendment No. 7 Replacement U.S. Dollar Term <br> Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 08/20/32<br>|  | 408975 | &nbsp;&nbsp; 410836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DXP Enterprises, Inc., 2025 Incremental Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 1.00% Floor)<br> 6.97%, 10/11/30<br>|  | 890747 | &nbsp;&nbsp; 897205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerald X, Inc., 2025 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 01/30/32<br>|  | 387130 | &nbsp;&nbsp; 390196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heartland Dental LLC, 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%)<br> 7.47%, 08/25/32<br>|  | 1184441 | &nbsp;&nbsp; 1188480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Mentor Holdings, Inc., 2025 Refinancing Term B Loan<br> (Floating, CME Term SOFR USD 1M + 6.00%)<br> 9.72%, 12/12/30<br>|  | 276850 | &nbsp;&nbsp; 277024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Mentor Holdings, Inc., Delayed Draw Term Loan<br> 12/12/30<sup>(c)</sup> <br>|  | 118650 | &nbsp;&nbsp; 118725 |
|  |  |  | &nbsp;&nbsp; 3282466 |
| &nbsp;&nbsp;&nbsp;&nbsp; E-Commerce Discretionary | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNT Holdings I Corp., 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.25%, 0.75% Floor)<br> 6.09%, 11/08/32<br>|  | 746241 | &nbsp;&nbsp; 747681 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compass Power Generation LLC, Tranche B-4 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 1.00% Floor)<br> 6.97%, 04/14/29<br>|  | $696441 | &nbsp;&nbsp; $700445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I LLC, 2023 May Incremental Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.25%, 0.50% Floor)<br> 7.97%, 05/03/28<br>|  | 1497220 | &nbsp;&nbsp; 1388671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I LLC, 2024 December New Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.25%, 0.50% Floor)<br> 7.97%, 12/31/31<br>|  | 1013422 | &nbsp;&nbsp; 864419 |
|  |  |  | &nbsp;&nbsp; 2253090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TK Elevator Midco GmbH, Facility B<br> (Floating, CME Term SOFR USD 6M + 2.75%, 0.50% Floor)<br> 6.95%, 04/30/30<br>|  | 1127657 | &nbsp;&nbsp; 1134051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC, 2025-2 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%)<br> 6.42%, 07/16/31<br>|  | 82585 | &nbsp;&nbsp; 82757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ultra Clean Holdings, Inc., Eighth Amendment Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 02/25/28<br>|  | 993071 | &nbsp;&nbsp; 997211 |
|  |  |  | &nbsp;&nbsp; 1079968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azuria Water Solutions, Inc., 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.75% Floor)<br> 6.72%, 05/17/28<br>|  | 757230 | &nbsp;&nbsp; 760070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc., Term B-4 Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 08/09/30<br>|  | 772596 | &nbsp;&nbsp; 775014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MSP Recovery Law Firm, Tranche 1 Loan<br> 8.10%, 06/16/26<sup>(e)</sup> <br>|  | 720749 | &nbsp;&nbsp; 139825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 6M + 3.00%)<br> 6.60%, 07/30/32<br>|  | 800000 | &nbsp;&nbsp; 802848 |
|  |  |  | &nbsp;&nbsp; 1717687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Companies | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LendingTree, Inc., Initial Term B Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%)<br> 8.22%, 08/21/30<br>|  | 498750 | &nbsp;&nbsp; 496880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chefs' Warehouse (The), Inc., 2022 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 6.72%, 08/23/29<br>|  | 324229 | &nbsp;&nbsp; 325581 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 5.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agiliti Health, Inc., Term Loan<br> (Floating, CME Term SOFR USD 6M + 3.00%)<br> 6.86%, 05/01/30<br>|  | $1397335 | &nbsp;&nbsp; $1365895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bella Holding Co. LLC, 2025 Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/10/28<sup>(c)</sup> <br>|  | 79100 | &nbsp;&nbsp; 79309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.00%, 0.75% Floor)<br> 6.72%, 05/10/28<br>|  | 792474 | &nbsp;&nbsp; 794566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dermatology Intermediate Holdings III, Inc., Closing Date Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.50% Floor)<br> 8.09%, 03/30/29<br>|  | 635354 | &nbsp;&nbsp; 611795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dermatology Intermediate Holdings III, Inc., Term B-1 Loan<br> (Floating, CME Term SOFR USD 3M + 5.50%, 0.50% Floor)<br> 9.34%, 03/30/29<br>|  | 795825 | &nbsp;&nbsp; 769300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sharp Services LLC, Tranche E Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%)<br> 6.67%, 09/29/32<br>|  | 575131 | &nbsp;&nbsp; 576569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Behavioral Healthcare LLC, First Out Term Loan<br> (Floating, CME Term SOFR USD 3M + 5.75%, 0.75% Floor)<br> 9.68%, 12/31/29<br>|  | 153867 | &nbsp;&nbsp; 157456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Behavioral Healthcare LLC, Second Out Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.75% Floor)<br> 8.18%, 12/31/29<br>|  | 967337 | &nbsp;&nbsp; 834329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC, Delayed Draw Term Loan<br> 12/30/32<sup>(c)</sup> <br>|  | 20816 | &nbsp;&nbsp; 20868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC, Initial Term Loan<br> 12/30/32<sup>(c)</sup> <br>|  | 137387 | &nbsp;&nbsp; 137731 |
|  |  |  | &nbsp;&nbsp; 5347818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare & Pharmaceuticals | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MED ParentCo L.P., Tenth Amendment Refinancing Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 04/15/31<sup>(c)</sup> <br>|  | 3594 | &nbsp;&nbsp; 3600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 04/15/31<br>|  | 1430172 | &nbsp;&nbsp; 1432861 |
|  |  |  | &nbsp;&nbsp; 1436461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare, Education & Childcare | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024-1 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%)<br> 7.65%, 05/17/31<br>|  | 1474668 | &nbsp;&nbsp; 1478738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outcomes Group Holdings, Inc., 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 05/06/31<br>|  | 76233 | &nbsp;&nbsp; 76636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zest Acquisition Corp., Term B-1 Loan<br> (Floating, CME Term SOFR USD 3M + 5.25%)<br> 9.11%, 02/08/28<br>|  | 736931 | &nbsp;&nbsp; 720349 |
|  |  |  | &nbsp;&nbsp; 2275723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC, 2024 Repricing Term B-6 Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 6.72%, 11/06/30<br>|  | 620605 | &nbsp;&nbsp; 619445 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC, 2025 Term B Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 06/20/32<br>|  | $370140 | &nbsp;&nbsp; $369985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC, New B-11 Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.25%)<br> 8.07%, 08/19/28<br>|  | 431133 | &nbsp;&nbsp; 431672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion LLC, New B-4 Term Loan<br> (Floating, CME Term SOFR USD 1M + 5.25%)<br> 9.08%, 01/20/29<br>|  | 790000 | &nbsp;&nbsp; 774200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings (The) LLC, Refinancing Term B-2 Loan<br> 05/26/31<sup>(c)</sup> <br>|  | 237300 | &nbsp;&nbsp; 236510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 6.72%, 07/02/31<br>|  | 604888 | &nbsp;&nbsp; 605656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, Initial Loan<br> (Floating, CME Term SOFR USD 1M + 5.25%, 0.50% Floor)<br> 8.97%, 07/02/32<br>|  | 810000 | &nbsp;&nbsp; 815573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trucordia Insurance Holdings LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 06/17/32<br>|  | 222844 | &nbsp;&nbsp; 221172 |
|  |  |  | &nbsp;&nbsp; 4074213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oravel Stays Ltd., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 8.00%, 1.00% Floor)<br> 11.67%, 01/08/30<br>|  | 232682 | &nbsp;&nbsp; 238110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings L.P., 2024 Refinancing Dollar Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 6.93%, 04/04/29<br>|  | 191619 | &nbsp;&nbsp; 188004 |
|  |  |  | &nbsp;&nbsp; 426114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC, Initial Term B Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 2.25%)<br> 5.98%, 08/19/31<br>|  | 221205 | &nbsp;&nbsp; 222034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 2.25%)<br> 6.11%, 08/19/31<br>|  | 449783 | &nbsp;&nbsp; 451470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CPM Holdings, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%, 0.50% Floor)<br> 8.34%, 09/28/28<br>|  | 421929 | &nbsp;&nbsp; 419351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Engineered Machinery Holdings, Inc., 2025 USD Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 6.92%, 11/26/32<br>|  | 556853 | &nbsp;&nbsp; 559175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Engineered Machinery Holdings, Inc., Incremental Amendment No. 3 Term <br> Loan<br> (Floating, CME Term SOFR USD 3M + 6.00%, 0.75% Floor)<br> 9.93%, 05/21/29<br>|  | 395000 | &nbsp;&nbsp; 395987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro Mach Group, Inc., Amendment No. 6 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.47%, 10/15/32<br>|  | 396000 | &nbsp;&nbsp; 398384 |
|  |  |  | &nbsp;&nbsp; 2446401 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEG Borrower LLC, 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%)<br> 7.20%, 06/30/31<br>|  | $399937 | &nbsp;&nbsp; $400937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Natural Foods, Inc., 2024 Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.75%)<br> 8.47%, 05/01/31<br>|  | 906728 | &nbsp;&nbsp; 910582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC, Fifth Amendment Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%, 0.75% Floor)<br> 7.42%, 03/29/29<br>|  | 260717 | &nbsp;&nbsp; 260798 |
|  |  |  | &nbsp;&nbsp; 1171380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 2.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petco Health and Wellness Co., Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%, 0.75% Floor)<br> 7.18%, 03/03/28<br>|  | 1012246 | &nbsp;&nbsp; 1000737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.00%)<br> 7.73%, 08/18/32<br>|  | 881765 | &nbsp;&nbsp; 877083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victoria's Secret & Co., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%, 0.50% Floor)<br> 6.49%, 08/02/28<br>|  | 225739 | &nbsp;&nbsp; 226398 |
|  |  |  | &nbsp;&nbsp; 2104218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail Stores | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc., Amendment No. 8 Incremental Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 6.97%, 12/11/30<br>|  | 1534108 | &nbsp;&nbsp; 1515576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dave & Buster's, Inc., 2024 Incremental Term B Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 7.07%, 11/01/31<br>|  | 1009800 | &nbsp;&nbsp; 897773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dave & Buster's, Inc., 2024 Refinancing Term B Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 7.13%, 06/29/29<br>|  | 1065639 | &nbsp;&nbsp; 978054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group LLC, Term B-3 Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.75% Floor)<br> 6.97%, 01/23/32<br>|  | 304660 | &nbsp;&nbsp; 306183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upbound Group, Inc., 2025 Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%, 0.50% Floor)<br> 6.63%, 08/13/32<br>|  | 1125845 | &nbsp;&nbsp; 1131474 |
|  |  |  | &nbsp;&nbsp; 4829060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adeia, Inc., Initial Term B Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%)<br> 6.22%, 06/08/28<br>|  | 395454 | &nbsp;&nbsp; 396628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Parent LLC, 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 6.92%, 07/06/29<br>|  | 1026212 | &nbsp;&nbsp; 866718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cotiviti, Inc., Amendment 2 Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.62%, 03/26/32<br>|  | 726041 | &nbsp;&nbsp; 695642 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cotiviti, Inc., Initial Floating Rate Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 6.62%, 05/01/31<br>|  | $558032 | &nbsp;&nbsp; $535248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dawn Bidco LLC, Term Loan<br> 08/20/32<sup>(c)</sup> <br>|  | 159000 | &nbsp;&nbsp; 158432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imprivata, Inc., 2025 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 6.67%, 12/01/27<br>|  | 58262 | &nbsp;&nbsp; 58436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2024 Refinancing Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 08/31/28<sup>(c)</sup> <br>|  | 3198 | &nbsp;&nbsp; 3211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 6.67%, 08/31/28<br>|  | 1256746 | &nbsp;&nbsp; 1262062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Storable, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 6.97%, 04/16/31<br>|  | 415205 | &nbsp;&nbsp; 416762 |
|  |  |  | &nbsp;&nbsp; 4393139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Term B-6 Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 6.72%, 12/10/30<br>|  | 102691 | &nbsp;&nbsp; 103012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greystone Select Financial LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 5.00%)<br> 9.12%, 06/16/28<br>|  | 1312743 | &nbsp;&nbsp; 1293052 |
|  |  |  | &nbsp;&nbsp; 1396064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TMS International Corp., Term B-7 Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%, 0.50% Floor)<br> 7.34%, 03/04/30<br>|  | 1133737 | &nbsp;&nbsp; 1137988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disco Parent, Inc., Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 7.07%, 08/06/32<br>|  | 342415 | &nbsp;&nbsp; 344127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Icon Parent I, Inc., 2025 Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/13/31<sup>(c)</sup> <br>|  | 79100 | &nbsp;&nbsp; 79189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 2.75%)<br> 6.44%, 11/13/31<br>|  | 154226 | &nbsp;&nbsp; 154400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Priority Holdings LLC, 2025-1 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.50% Floor)<br> 7.47%, 07/30/32<br>|  | 163594 | &nbsp;&nbsp; 160282 |
|  |  |  | &nbsp;&nbsp; 737998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ingram Micro, Inc., Additional Term B-2 Loan<br> (Floating, CME Term SOFR USD 1M + 2.25%, 0.50% Floor)<br> 5.98%, 09/22/31<br>|  | 157757 | &nbsp;&nbsp; 158448 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Broadband Investments LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.75% Floor)<br> 6.93%, 11/12/27<br>|  | $612469 | &nbsp;&nbsp; $579438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imagine Learning LLC, 2024 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%, 0.50% Floor)<br> 7.22%, 12/21/29<br>|  | 285075 | &nbsp;&nbsp; 274319 |
|  |  |  | &nbsp;&nbsp; 853757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, Amendment No. 1 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.25%)<br> 6.16%, 04/09/32<br>|  | 356082 | &nbsp;&nbsp; 355890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%)<br> 7.74%, 04/01/31<br>|  | 149041 | &nbsp;&nbsp; 150283 |
|  |  |  | &nbsp;&nbsp; 506173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wholesale - Consumer Staples | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Foods LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.00%)<br> 7.67%, 12/04/31<br>|  | 233006 | &nbsp;&nbsp; 234145 |
| TOTAL BANK LOAN OBLIGATIONS (Cost $86,248,476) |  |  | &nbsp;&nbsp; 84778603 |
| CORPORATE BONDS | 7.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenneco, Inc.<br> 8.00%, 11/17/28<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1003200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings LLC<br> 4.13%, 12/01/30<sup>(a)</sup> <br>|  | 1580000 | &nbsp;&nbsp; 968929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 1.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours (The) Co.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(a)</sup> <br>|  | 1185000 | &nbsp;&nbsp; 1071492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(a)</sup> <br>|  | 365000 | &nbsp;&nbsp; 353398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc.<br> 8.00%, 10/01/29<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 505013 |
|  |  |  | &nbsp;&nbsp; 1929903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAH Group Holding Co. LLC<br> 9.75%, 10/01/31<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 940354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ITT Holdings LLC<br> 6.50%, 08/01/29<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 479952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I<br> 6.35%, 12/21/65<sup>(a)(b)</sup> <br>|  | 1343000 | &nbsp;&nbsp; 1122850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II<br> 6.60%, 12/21/65<sup>(a)(b)</sup> <br>|  | 1102000 | &nbsp;&nbsp; 938925 |
|  |  |  | &nbsp;&nbsp; 2061775 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TMS International Corp.<br> 6.25%, 04/15/29<sup>(a)</sup> <br>|  | $115000 | &nbsp;&nbsp; $111134 |
| TOTAL CORPORATE BONDS (Cost $7,768,384) |  |  | &nbsp;&nbsp; 7495247 |
| FOREIGN ISSUER BONDS | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd.<br> 7.50%, 02/15/33<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 774040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aptiv Swiss Holdings Ltd.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 3.39%)<br> 6.88%, 12/15/54<sup>(b)</sup> <br>|  | 625000 | &nbsp;&nbsp; 648793 |
|  |  |  | &nbsp;&nbsp; 1422833 |
| TOTAL FOREIGN ISSUER BONDS (Cost $1,359,558) |  |  | &nbsp;&nbsp; 1422833 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| WARRANTS | 0.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturing | 0.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service King (Carnelian Point),(Exercisable 01/14/23, 1 Share for 1 Warrant, <br> Expires 06/30/27, Strike Price USD 10.00)<sup>(e)(f)</sup> <br>|  | 2554 | &nbsp;&nbsp; — |
| TOTAL WARRANTS (Cost $—) |  |  | &nbsp;&nbsp; — |
| SHORT-TERM INVESTMENTS | 2.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(g)</sup> <br>|  | 2894240 | &nbsp;&nbsp; 2894240 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,894,240) |  |  | &nbsp;&nbsp; 2894240 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $102,040,962)<br>| 98.7<br> %<br>|  | &nbsp;&nbsp; 100385937 |
| NET OTHER ASSETS (LIABILITIES) | 1.3<br> %<br>|  | &nbsp;&nbsp; 1309592 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $101695529 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $12,064,301 or 12% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at December 31, 2025, and the related index and spread are shown parenthetically for each <br> security.<br>|
| <sup>(c)</sup>Position is unsettled. Contract rate was not determined at December 31, 2025 and does not take effect until settlement date. |
| <sup>(d)</sup>Unfunded loan commitment is a contractual obligation for future funding at the option of the Borrower. The Fund receives a stated coupon rate until the borrower <br> draws on the loan commitment, at which time the rate will become the stated rate in the loan agreement.<br>|
| <sup>(e)</sup>Security valued pursuant to Level 3 unobservable inputs.  |
| <sup>(f)</sup>Non-income producing security. |
| <sup>(g)</sup>7-day current yield as of December 31, 2025 is disclosed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| Abbreviations: |
| CLO – Collateralized Loan Obligation |
| SOFR – Secured Overnight Financing Rate |
| USD – United States Dollar |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY INTERNATIONAL VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 95.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australia | 3.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ANZ Group Holdings Ltd. |  | 10856 | &nbsp;&nbsp; $263274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Star Resources Ltd. |  | 7828 | &nbsp;&nbsp; 139638 |
|  |  |  | &nbsp;&nbsp; 402912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) |  | 3177 | &nbsp;&nbsp; 234314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barrick Mining Corp. |  | 3252 | &nbsp;&nbsp; 141661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suncor Energy, Inc. |  | 3890 | &nbsp;&nbsp; 172656 |
|  |  |  | &nbsp;&nbsp; 548631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | 3.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlsberg A.S. - Class B |  | 1889 | &nbsp;&nbsp; 247239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S |  | 8781 | &nbsp;&nbsp; 237502 |
|  |  |  | &nbsp;&nbsp; 484741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finland | 6.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortum OYJ |  | 11598 | &nbsp;&nbsp; 246294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nokia OYJ |  | 25887 | &nbsp;&nbsp; 166896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nordea Bank Abp |  | 11871 | &nbsp;&nbsp; 223344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stora Enso OYJ - REG |  | 17923 | &nbsp;&nbsp; 223780 |
|  |  |  | &nbsp;&nbsp; 860314 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | 8.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arkema S.A. |  | 2384 | &nbsp;&nbsp; 146107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas S.A. |  | 2886 | &nbsp;&nbsp; 274010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capgemini S.E. |  | 1469 | &nbsp;&nbsp; 245576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCOR S.E. |  | 7698 | &nbsp;&nbsp; 260002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thales S.A. |  | 628 | &nbsp;&nbsp; 169598 |
|  |  |  | &nbsp;&nbsp; 1095293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 7.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aumovio S.E.<sup>(a)</sup> <br>|  | 4015 | &nbsp;&nbsp; 201602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continental A.G. |  | 2310 | &nbsp;&nbsp; 183328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deutsche Post A.G. |  | 3254 | &nbsp;&nbsp; 177427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fraport A.G. Frankfurt Airport Services Worldwide<sup>(a)</sup> <br>|  | 2113 | &nbsp;&nbsp; 172786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infineon Technologies A.G. |  | 4600 | &nbsp;&nbsp; 200702 |
|  |  |  | &nbsp;&nbsp; 935845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 2.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AIA Group Ltd. |  | 22858 | &nbsp;&nbsp; 234668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 10785 | &nbsp;&nbsp; 107328 |
|  |  |  | &nbsp;&nbsp; 341996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Mandiri Persero Tbk PT |  | 602400 | &nbsp;&nbsp; 183692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | 6.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azimut Holding S.p.A. |  | 6058 | &nbsp;&nbsp; 252363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel S.p.A. |  | 18292 | &nbsp;&nbsp; 190188 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY INTERNATIONAL VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saipem S.p.A. |  | 51419 | &nbsp;&nbsp; $145567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Snam S.p.A. |  | 39466 | &nbsp;&nbsp; 262247 |
|  |  |  | &nbsp;&nbsp; 850365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | 13.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Komatsu Ltd. |  | 4300 | &nbsp;&nbsp; 136450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MINEBEA MITSUMI, Inc. |  | 12182 | &nbsp;&nbsp; 245121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MISUMI Group, Inc. |  | 16717 | &nbsp;&nbsp; 260872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Murata Manufacturing Co. Ltd. |  | 9752 | &nbsp;&nbsp; 201554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabtesco Corp. |  | 8896 | &nbsp;&nbsp; 213094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Corp. |  | 17947 | &nbsp;&nbsp; 227555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omron Corp. |  | 8668 | &nbsp;&nbsp; 219299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTO Ltd. |  | 9105 | &nbsp;&nbsp; 251574 |
|  |  |  | &nbsp;&nbsp; 1755519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jersey | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amcor PLC |  | 23934 | &nbsp;&nbsp; 199610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 23298 | &nbsp;&nbsp; 215986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 5.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. - C.V.A.<sup>(b)</sup> <br>|  | 6062 | &nbsp;&nbsp; 212226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akzo Nobel N.V. |  | 2824 | &nbsp;&nbsp; 196471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Randstad N.V. |  | 3600 | &nbsp;&nbsp; 136948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signify N.V.<sup>(b)</sup> <br>|  | 8058 | &nbsp;&nbsp; 198486 |
|  |  |  | &nbsp;&nbsp; 744131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norway | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aker BP ASA |  | 7399 | &nbsp;&nbsp; 188276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equinor ASA |  | 5392 | &nbsp;&nbsp; 127153 |
|  |  |  | &nbsp;&nbsp; 315429 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK hynix, Inc. |  | 497 | &nbsp;&nbsp; 225080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enagas S.A. |  | 9738 | &nbsp;&nbsp; 150490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | 4.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boliden AB<sup>(a)</sup> <br>|  | 3696 | &nbsp;&nbsp; 204745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elekta AB - Class B |  | 25565 | &nbsp;&nbsp; 156346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Getinge AB - Class B |  | 7632 | &nbsp;&nbsp; 180189 |
|  |  |  | &nbsp;&nbsp; 541280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. |  | 4274 | &nbsp;&nbsp; 333931 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 16.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC |  | 28776 | &nbsp;&nbsp; 184615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrica PLC |  | 90770 | &nbsp;&nbsp; 207450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemring Group PLC |  | 15599 | &nbsp;&nbsp; 99351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CK Hutchison Holdings Ltd. |  | 17000 | &nbsp;&nbsp; 115660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal & General Group PLC |  | 54002 | &nbsp;&nbsp; 190642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LondonMetric Property PLC |  | 72879 | &nbsp;&nbsp; 186356 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY INTERNATIONAL VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M&G PLC |  | 54401 | &nbsp;&nbsp; $210017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QinetiQ Group PLC |  | 17791 | &nbsp;&nbsp; 105902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies Holding PLC |  | 8046 | &nbsp;&nbsp; 267851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. James's Place PLC |  | 12444 | &nbsp;&nbsp; 232235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Chartered PLC |  | 10514 | &nbsp;&nbsp; 258220 |
|  |  |  | &nbsp;&nbsp; 2058299 |
| TOTAL COMMON STOCKS (Cost $9,594,133) |  |  | &nbsp;&nbsp; 12243544 |
| PREFERRED STOCKS | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dr Ing hc F Porsche A.G., 3.25%<sup>(b)(c)</sup> <br>|  | 3579 | &nbsp;&nbsp; 190626 |
| TOTAL PREFERRED STOCKS (Cost $254,382) |  |  | &nbsp;&nbsp; 190626 |
| SHORT-TERM INVESTMENTS | 10.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(d)</sup> <br>|  | 1350384 | &nbsp;&nbsp; 1350384 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $1,350,384) |  |  | &nbsp;&nbsp; 1350384 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $11,198,899)<br>| 107.1<br> %<br>|  | &nbsp;&nbsp; 13784554 |
| NET OTHER ASSETS (LIABILITIES) | (7.1<br> %)<br>|  | &nbsp;&nbsp; (914771)<br>|
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $12869783 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Non-income producing security. |
| <sup>(b)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $601,338 or 5% of net assets.<br>|
| <sup>(c)</sup>Current yield is disclosed. Dividends are calculated based on a percentage of the issuer's net income. |
| <sup>(d)</sup>7-day current yield as of December 31, 2025 is disclosed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> REG – Registered

At December 31, 2025 the industry sectors (excluding short-term investments) for the Barrow Hanley International Value Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Financials  | 29.1% |
| Industrials  | 21.6  |
| Information Technology  | 10.7  |
| Materials  | &nbsp;&nbsp; 9.8  |
| Utilities  | &nbsp;&nbsp; 8.2  |
| Energy  | &nbsp;&nbsp; 4.9  |
| Consumer Discretionary  | &nbsp;&nbsp; 4.5  |
| Health Care  | &nbsp;&nbsp; 4.4  |
| Consumer Staples  | &nbsp;&nbsp; 1.9  |
| Real Estate  | &nbsp;&nbsp; 1.5  |
| Total | &nbsp;&nbsp; 96.6% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| ASSET-BACKED SECURITIES | 5.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust, Series 2025-1 - Class A3<br> 4.12%, 05/20/30<sup>(a)</sup> <br>|  | $630000 | &nbsp;&nbsp; $631909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Auto Lease Trust, Series 2025-B - Class A3<br> 4.23%, 12/15/28<br>|  | 1025000 | &nbsp;&nbsp; 1031759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust, Series 2021-2 - Class A<br> 1.53%, 05/15/34<sup>(a)</sup> <br>|  | 205000 | &nbsp;&nbsp; 200834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust, Series 2023-A - Class A3<br> 4.65%, 02/15/28<br>|  | 100537 | &nbsp;&nbsp; 100799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Automobile Leasing Trust, Series 2025-1 - Class A3<br> 4.66%, 02/21/28<br>|  | 865000 | &nbsp;&nbsp; 872101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Consumer Automobile Receivables Trust, Series 2025-1 - <br> Class A3<br> 4.62%, 12/17/29<br>|  | 710000 | &nbsp;&nbsp; 717330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust, Series 2021-1 - Class A<br> 1.17%, 06/12/34<sup>(a)</sup> <br>|  | 155000 | &nbsp;&nbsp; 152078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Honda Auto Receivables Owner Trust, Series 2025-1 - Class A3<br> 4.57%, 09/21/29<br>|  | 705000 | &nbsp;&nbsp; 712861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Lease Trust, Series 2024-A - Class A2A<br> 5.44%, 02/16/27<br>|  | 79014 | &nbsp;&nbsp; 79122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Lease Trust, Series 2024-B - Class A3<br> 4.23%, 02/15/28<br>|  | 515000 | &nbsp;&nbsp; 516143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Porsche Financial Auto Securitization Trust, Series 2024-1 - Class A3<br> 4.44%, 01/22/30<sup>(a)</sup> <br>|  | 1310000 | &nbsp;&nbsp; 1314796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-AA - <br> Class A2<br> 4.63%, 07/20/27<sup>(a)</sup> <br>|  | 391117 | &nbsp;&nbsp; 392405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toyota Auto Loan Extended Note Trust, Series 2023-1A - Class A<br> 4.93%, 06/25/36<sup>(a)</sup> <br>|  | 100000 | &nbsp;&nbsp; 102339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Volkswagen Auto Lease Trust, Series 2025-B - Class A3<br> 4.01%, 01/22/29<br>|  | 910000 | &nbsp;&nbsp; 913643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; World Omni Automobile Lease Securitization Trust, Series 2025-A - <br> Class A3<br> 4.42%, 04/17/28<br>|  | 495000 | &nbsp;&nbsp; 499124 |
|  |  |  | &nbsp;&nbsp; 8237243 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Asset-Backed Securities | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNH Equipment Trust, Series 2023-A - Class A3<br> 4.81%, 08/15/28<br>|  | 156112 | &nbsp;&nbsp; 157038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNH Equipment Trust, Series 2024-B - Class A2A<br> 5.42%, 10/15/27<br>|  | 55059 | &nbsp;&nbsp; 55127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC, Series 2025-1A - Class A2<br> 5.66%, 02/25/50<sup>(a)</sup> <br>|  | 590000 | &nbsp;&nbsp; 596910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Deere Owner Trust, Series 2022-B - Class A3<br> 3.74%, 02/16/27<br>|  | 24180 | &nbsp;&nbsp; 24171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Deere Owner Trust, Series 2024-B - Class A2A<br> 5.42%, 05/17/27<br>|  | 342745 | &nbsp;&nbsp; 343291 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Economy Assets Phase 1 Sponsor LLC, Series 2021-1 - Class A1<br> 1.91%, 10/20/61<sup>(a)</sup> <br>|  | $235000 | &nbsp;&nbsp; $196176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taco Bell Funding LLC, Series 2021-1A - Class A2II<br> 2.29%, 08/25/51<sup>(a)</sup> <br>|  | 176850 | &nbsp;&nbsp; 164941 |
|  |  |  | &nbsp;&nbsp; 1537654 |
| TOTAL ASSET-BACKED SECURITIES (Cost $9,742,948) |  |  | &nbsp;&nbsp; 9774897 |
| CORPORATE BONDS | 17.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology & Pharmaceuticals | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayer U.S. Finance II LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/15/45<sup>(a)</sup> <br>|  | 1610000 | &nbsp;&nbsp; 1204742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 07/15/64<sup>(a)</sup> <br>|  | 360000 | &nbsp;&nbsp; 271581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayer U.S. Finance LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/21/26<sup>(a)</sup> <br>|  | 585000 | &nbsp;&nbsp; 593384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/21/53<sup>(a)</sup> <br>|  | 930000 | &nbsp;&nbsp; 1007848 |
|  |  |  | &nbsp;&nbsp; 3077555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating <br> Capital, <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 10/23/45 |  | 390000 | &nbsp;&nbsp; 367390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/48 |  | 595000 | &nbsp;&nbsp; 509070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/61 |  | 615000 | &nbsp;&nbsp; 368267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/30/62 |  | 715000 | &nbsp;&nbsp; 431515 |
|  |  |  | &nbsp;&nbsp; 1676242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cox Communications, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 12/15/53<sup>(a)</sup> <br>|  | 930000 | &nbsp;&nbsp; 795936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/01/54<sup>(a)</sup> <br>|  | 1785000 | &nbsp;&nbsp; 1562518 |
|  |  |  | &nbsp;&nbsp; 2358454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 9.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Appalachian Power Co.<br> 4.50%, 03/01/49<br>|  | 1550000 | &nbsp;&nbsp; 1274078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona Public Service Co.<br> 2.65%, 09/15/50<br>|  | 90000 | &nbsp;&nbsp; 53726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.39%)<br> 6.88%, 02/01/55<sup>(b)</sup> <br>|  | 820000 | &nbsp;&nbsp; 853070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.21%)<br> 6.63%, 05/15/55<sup>(b)</sup> <br>|  | 1200000 | &nbsp;&nbsp; 1236541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 |  | 445000 | &nbsp;&nbsp; 460715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/38 |  | 125000 | &nbsp;&nbsp; 134886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 04/15/38 |  | 355000 | &nbsp;&nbsp; 384362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/15/49 |  | 305000 | &nbsp;&nbsp; 209125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Progress LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/01/44 |  | 465000 | &nbsp;&nbsp; 388501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/45 |  | 225000 | &nbsp;&nbsp; 187331 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Progress NC Storm Funding LLC<br> 2.39%, 07/01/37<br>|  | $1135000 | &nbsp;&nbsp; $976398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Arkansas LLC<br> 3.35%, 06/15/52<br>|  | 145000 | &nbsp;&nbsp; 98645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/30 |  | 295000 | &nbsp;&nbsp; 276460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.67%)<br> 7.13%, 12/01/54<sup>(b)</sup> <br>|  | 270000 | &nbsp;&nbsp; 283488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Louisiana LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/33 |  | 250000 | &nbsp;&nbsp; 241469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/34 |  | 690000 | &nbsp;&nbsp; 718573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/55 |  | 280000 | &nbsp;&nbsp; 282484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Mississippi LLC<br> 5.80%, 04/15/55<br>|  | 380000 | &nbsp;&nbsp; 383193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Power & Light Co.<br> 3.95%, 03/01/48<br>|  | 125000 | &nbsp;&nbsp; 100192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kentucky Utilities Co.<br> 3.30%, 06/01/50<br>|  | 160000 | &nbsp;&nbsp; 110521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PacifiCorp,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/50 |  | 775000 | &nbsp;&nbsp; 575858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/53 |  | 570000 | &nbsp;&nbsp; 501384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/15/28 |  | 695000 | &nbsp;&nbsp; 707751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/30 |  | 1100000 | &nbsp;&nbsp; 1134539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/34 |  | 620000 | &nbsp;&nbsp; 641554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 |  | 315000 | &nbsp;&nbsp; 324381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.63%)<br> 6.40%, 10/01/54<sup>(b)</sup> <br>|  | 915000 | &nbsp;&nbsp; 930674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.79%)<br> 6.88%, 10/01/54<sup>(b)</sup> <br>|  | 670000 | &nbsp;&nbsp; 689247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.14%)<br> 6.55%, 04/01/55<sup>(b)</sup> <br>|  | 360000 | &nbsp;&nbsp; 366962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.35%)<br> 6.63%, 04/01/55<sup>(b)</sup> <br>|  | 535000 | &nbsp;&nbsp; 539780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; System Energy Resources, Inc.<br> 5.30%, 12/15/34<br>|  | 1015000 | &nbsp;&nbsp; 1027807 |
|  |  |  | &nbsp;&nbsp; 16093695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas & Water Utilities | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc.<br> 5.25%, 03/30/28<br>|  | 825000 | &nbsp;&nbsp; 846098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra Infrastructure Partners L.P.<br> 3.25%, 01/15/32<sup>(a)</sup> <br>|  | 420000 | &nbsp;&nbsp; 372220 |
|  |  |  | &nbsp;&nbsp; 1218318 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Markel Group, Inc.<br> 5.00%, 05/20/49<br>|  | $505000 | &nbsp;&nbsp; $447363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer L.P.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 4.02%)<br> 8.00%, 05/15/54<sup>(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 533722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan Energy Partners L.P.<br> 5.40%, 09/01/44<br>|  | 75000 | &nbsp;&nbsp; 71065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ONEOK Partners L.P.<br> 6.85%, 10/15/37<br>|  | 110000 | &nbsp;&nbsp; 121722 |
|  |  |  | &nbsp;&nbsp; 726509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Storage Operating Co.<br> 2.25%, 11/09/31<br>|  | 365000 | &nbsp;&nbsp; 326033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC<br> 6.30%, 01/25/39<sup>(a)</sup> <br>|  | 1840000 | &nbsp;&nbsp; 1946820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Financial, Inc.<br> 3.20%, 09/17/51<br>|  | 155000 | &nbsp;&nbsp; 98402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Moody's Corp.<br> 2.55%, 08/18/60<br>|  | 75000 | &nbsp;&nbsp; 39318 |
|  |  |  | &nbsp;&nbsp; 137720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 0.0 %<sup>(c)</sup><br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dell International LLC/EMC Corp.<br> 3.45%, 12/15/51<br>|  | 60000 | &nbsp;&nbsp; 41025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sprint Capital Corp.<br> 8.75%, 03/15/32<br>|  | 400000 | &nbsp;&nbsp; 484352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco & Cannabis | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAT Capital Corp.<br> 4.54%, 08/15/47<br>|  | 1395000 | &nbsp;&nbsp; 1161445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reynolds American, Inc.<br> 5.70%, 08/15/35<br>|  | 1440000 | &nbsp;&nbsp; 1504703 |
|  |  |  | &nbsp;&nbsp; 2666148 |
| TOTAL CORPORATE BONDS (Cost $30,943,032) |  |  | &nbsp;&nbsp; 31200234 |
| FOREIGN ISSUER BONDS | 4.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HBOS PLC<br> 6.00%, 11/01/33<sup>(a)</sup> <br>|  | 665000 | &nbsp;&nbsp; 701660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo S.p.A.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 1Y + 2.60%)<br> 4.20%, 06/01/32<sup>(a)(b)</sup> <br>|  | 460000 | &nbsp;&nbsp; 439342 |
|  |  |  | &nbsp;&nbsp; 1141002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electricite de France S.A.<br> 6.00%, 04/22/64<sup>(a)</sup> <br>|  | 845000 | &nbsp;&nbsp; 833316 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/22/54 |  | $1215000 | &nbsp;&nbsp; $1261875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/55 |  | 295000 | &nbsp;&nbsp; 296794 |
|  |  |  | &nbsp;&nbsp; 1558669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BP Capital Markets PLC<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.15%)<br> 6.45%, 12/01/33<sup>(b)(d)</sup> <br>|  | 1080000 | &nbsp;&nbsp; 1148516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Government | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico Government International Bond<br> 3.77%, 05/24/61<br>|  | 2545000 | &nbsp;&nbsp; 1566447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global Aviation Trust<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.72%)<br> 6.95%, 03/10/55<sup>(b)</sup> <br>|  | 1675000 | &nbsp;&nbsp; 1756375 |
| TOTAL FOREIGN ISSUER BONDS (Cost $7,741,269) |  |  | &nbsp;&nbsp; 8004325 |
| MORTGAGE-BACKED SECURITIES | 42.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Security | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH Commercial Mortgage Trust, Series 2025-PARK - Class A<br> (Floating, 1M CME Term SOFR + 1.39%)<br> 5.14%, 10/15/40<sup>(a)(b)</sup> <br>|  | 575000 | &nbsp;&nbsp; 575539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Mortgage-Backed Security | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seasoned Loans Structured Transaction Trust, Series 2020-3 - Class A1C<br> 2.00%, 11/25/30<br>|  | 102484 | &nbsp;&nbsp; 95534 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies | 42.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #850280<br> 5.50%, 12/01/35<br>|  | 4236 | &nbsp;&nbsp; 4394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AB6228<br> 3.50%, 09/01/42<br>|  | 79125 | &nbsp;&nbsp; 75634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AD4062<br> 5.00%, 05/01/40<br>|  | 4730 | &nbsp;&nbsp; 4869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AL2752<br> 5.00%, 03/01/42<br>|  | 50618 | &nbsp;&nbsp; 52111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS5469<br> 4.00%, 07/01/45<br>|  | 127328 | &nbsp;&nbsp; 123455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS5597<br> 3.50%, 08/01/45<br>|  | 57083 | &nbsp;&nbsp; 54280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS7170<br> 3.50%, 05/01/46<br>|  | 67367 | &nbsp;&nbsp; 63779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS7242<br> 3.50%, 05/01/46<br>|  | 59335 | &nbsp;&nbsp; 56148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS8299<br> 3.00%, 11/01/46<br>|  | 224976 | &nbsp;&nbsp; 206303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS8947<br> 3.50%, 03/01/47<br>|  | 123424 | &nbsp;&nbsp; 116768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS9772<br> 3.50%, 06/01/37<br>|  | 72749 | &nbsp;&nbsp; 70636 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS9988<br> 4.50%, 07/01/47<br>|  | $29793 | &nbsp;&nbsp; $29617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AU1625<br> 3.50%, 07/01/43<br>|  | 76511 | &nbsp;&nbsp; 73009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BC4764<br> 3.00%, 10/01/46<br>|  | 76255 | &nbsp;&nbsp; 69303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BC9468<br> 3.00%, 06/01/46<br>|  | 153469 | &nbsp;&nbsp; 139972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BH8279<br> 3.50%, 09/01/47<br>|  | 95786 | &nbsp;&nbsp; 90472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BM1150<br> 3.00%, 12/01/46<br>|  | 88004 | &nbsp;&nbsp; 80264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BN6625<br> 3.50%, 05/01/49<br>|  | 623556 | &nbsp;&nbsp; 592996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BO3007<br> 3.00%, 10/01/34<br>|  | 24704 | &nbsp;&nbsp; 23969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BU1322<br> 2.50%, 02/01/52<br>|  | 2490531 | &nbsp;&nbsp; 2149817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BV8017<br> 4.50%, 08/01/52<br>|  | 2240403 | &nbsp;&nbsp; 2199227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BV9960<br> 4.00%, 06/01/52<br>|  | 829724 | &nbsp;&nbsp; 796294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA1563<br> 4.50%, 04/01/48<br>|  | 22693 | &nbsp;&nbsp; 22482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA2055<br> 4.50%, 07/01/48<br>|  | 63511 | &nbsp;&nbsp; 63189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA4372<br> 4.50%, 10/01/49<br>|  | 33296 | &nbsp;&nbsp; 32962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA4569<br> 4.00%, 11/01/49<br>|  | 158619 | &nbsp;&nbsp; 152974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA6645<br> 3.00%, 08/01/50<br>|  | 153671 | &nbsp;&nbsp; 137533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA6951<br> 2.50%, 09/01/50<br>|  | 169165 | &nbsp;&nbsp; 145707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB0855<br> 3.00%, 06/01/51<br>|  | 84975 | &nbsp;&nbsp; 75833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB1384<br> 2.50%, 08/01/51<br>|  | 1137856 | &nbsp;&nbsp; 981940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB2857<br> 2.50%, 02/01/52<br>|  | 903763 | &nbsp;&nbsp; 778640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB3486<br> 3.50%, 05/01/52<br>|  | 419371 | &nbsp;&nbsp; 389507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB3878<br> 5.00%, 06/01/52<br>|  | 417114 | &nbsp;&nbsp; 423616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB7980<br> 5.50%, 02/01/54<br>|  | 1398007 | &nbsp;&nbsp; 1431174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #DA2948<br> 5.50%, 10/01/53<br>|  | 1283386 | &nbsp;&nbsp; 1306194 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM1306<br> 4.50%, 07/01/48<br>|  | $175480 | &nbsp;&nbsp; $174861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4053<br> 2.50%, 08/01/50<br>|  | 129699 | &nbsp;&nbsp; 112005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4638<br> 2.50%, 10/01/50<br>|  | 83149 | &nbsp;&nbsp; 71179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4720<br> 3.00%, 10/01/50<br>|  | 105674 | &nbsp;&nbsp; 95263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4828<br> 3.00%, 11/01/50<br>|  | 989194 | &nbsp;&nbsp; 882246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4901<br> 2.00%, 11/01/35<br>|  | 86066 | &nbsp;&nbsp; 79902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM5204<br> 2.00%, 12/01/35<br>|  | 80222 | &nbsp;&nbsp; 74509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM5537<br> 2.00%, 01/01/36<br>|  | 209800 | &nbsp;&nbsp; 194854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM6943<br> 2.00%, 04/01/51<br>|  | 360758 | &nbsp;&nbsp; 298385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM7377<br> 3.00%, 05/01/51<br>|  | 185203 | &nbsp;&nbsp; 167179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM7708<br> 3.50%, 06/01/51<br>|  | 213505 | &nbsp;&nbsp; 198749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM8787<br> 2.50%, 10/01/51<br>|  | 2756253 | &nbsp;&nbsp; 2382654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM9765<br> 3.00%, 11/01/51<br>|  | 208537 | &nbsp;&nbsp; 185266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1564<br> 2.00%, 04/01/51<br>|  | 294073 | &nbsp;&nbsp; 238232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1704<br> 4.00%, 05/01/52<br>|  | 158027 | &nbsp;&nbsp; 151646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1807<br> 3.50%, 07/01/51<br>|  | 279957 | &nbsp;&nbsp; 262022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3071<br> 3.00%, 07/01/52<br>|  | 2415742 | &nbsp;&nbsp; 2177188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3159<br> 4.50%, 10/01/52<br>|  | 718531 | &nbsp;&nbsp; 708787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3533<br> 2.00%, 01/01/52<br>|  | 418085 | &nbsp;&nbsp; 343729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3744<br> 2.00%, 07/01/51<br>|  | 2695367 | &nbsp;&nbsp; 2204176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4075<br> 5.00%, 04/01/53<br>|  | 689433 | &nbsp;&nbsp; 695213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4621<br> 5.00%, 06/01/53<br>|  | 248891 | &nbsp;&nbsp; 252018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4624<br> 2.50%, 11/01/51<br>|  | 297769 | &nbsp;&nbsp; 253939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS5044<br> 4.50%, 06/01/53<br>|  | 1732812 | &nbsp;&nbsp; 1715940 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS6141<br> 2.00%, 01/01/52<br>|  | $2276412 | &nbsp;&nbsp; $1868955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS6787<br> 6.00%, 01/01/54<br>|  | 1439990 | &nbsp;&nbsp; 1500562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS8138<br> 6.50%, 06/01/54<br>|  | 512229 | &nbsp;&nbsp; 539112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS8291<br> 5.50%, 07/01/53<br>|  | 1979802 | &nbsp;&nbsp; 2031511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS9085<br> 3.00%, 12/01/51<br>|  | 1045664 | &nbsp;&nbsp; 930259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS9456<br> 5.50%, 11/01/54<br>|  | 1594701 | &nbsp;&nbsp; 1621515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA1870<br> 4.50%, 04/01/34<br>|  | 44807 | &nbsp;&nbsp; 45111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA3101<br> 4.50%, 08/01/47<br>|  | 68005 | &nbsp;&nbsp; 67625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4327<br> 3.00%, 05/01/51<br>|  | 154618 | &nbsp;&nbsp; 138017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4475<br> 2.50%, 11/01/41<br>|  | 167491 | &nbsp;&nbsp; 151067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4733<br> 4.50%, 09/01/52<br>|  | 1626015 | &nbsp;&nbsp; 1595795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4841<br> 5.00%, 12/01/52<br>|  | 2140869 | &nbsp;&nbsp; 2146351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA5039<br> 5.50%, 06/01/53<br>|  | 193623 | &nbsp;&nbsp; 197108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #G60990<br> 3.00%, 04/01/47<br>|  | 288442 | &nbsp;&nbsp; 258606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #G61281<br> 3.50%, 01/01/48<br>|  | 86180 | &nbsp;&nbsp; 81255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #J25557<br> 3.50%, 09/01/28<br>|  | 14620 | &nbsp;&nbsp; 14515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #J37949<br> 3.00%, 11/01/32<br>|  | 49862 | &nbsp;&nbsp; 48750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #Q55227<br> 4.00%, 04/01/48<br>|  | 102195 | &nbsp;&nbsp; 98112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #QD1484<br> 2.50%, 11/01/51<br>|  | 341711 | &nbsp;&nbsp; 295588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #QK1511<br> 3.50%, 05/01/42<br>|  | 293845 | &nbsp;&nbsp; 283200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RA2970<br> 2.50%, 07/01/50<br>|  | 621437 | &nbsp;&nbsp; 532587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RA4218<br> 2.50%, 12/01/50<br>|  | 88099 | &nbsp;&nbsp; 75897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5126<br> 2.50%, 09/01/41<br>|  | 209065 | &nbsp;&nbsp; 187665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5136<br> 2.50%, 11/01/41<br>|  | 189926 | &nbsp;&nbsp; 171184 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5170<br> 4.00%, 06/01/42<br>|  | $986633 | &nbsp;&nbsp; $971672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RC1421<br> 2.50%, 06/01/35<br>|  | 452968 | &nbsp;&nbsp; 430668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD1061<br> 2.50%, 05/01/52<br>|  | 172287 | &nbsp;&nbsp; 148420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD1836<br> 2.00%, 02/01/52<br>|  | 366108 | &nbsp;&nbsp; 300271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3511<br> 6.00%, 08/01/53<br>|  | 1239778 | &nbsp;&nbsp; 1275565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3669<br> 5.50%, 09/01/53<br>|  | 652732 | &nbsp;&nbsp; 672873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3824<br> 6.00%, 03/01/53<br>|  | 909411 | &nbsp;&nbsp; 951996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4227<br> 4.50%, 05/01/53<br>|  | 1828741 | &nbsp;&nbsp; 1794183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4495<br> 6.00%, 12/01/53<br>|  | 169656 | &nbsp;&nbsp; 176307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4901<br> 5.50%, 02/01/54<br>|  | 1215229 | &nbsp;&nbsp; 1240715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD5092<br> 5.00%, 08/01/53<br>|  | 1256616 | &nbsp;&nbsp; 1258345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD5223<br> 6.00%, 04/01/54<br>|  | 859060 | &nbsp;&nbsp; 895744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6046<br> 6.00%, 08/01/54<br>|  | 1423375 | &nbsp;&nbsp; 1474456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6260<br> 5.00%, 09/01/54<br>|  | 1616304 | &nbsp;&nbsp; 1627384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6548<br> 5.50%, 10/01/54<br>|  | 1545799 | &nbsp;&nbsp; 1577370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD8090<br> 2.00%, 09/01/50<br>|  | 707563 | &nbsp;&nbsp; 578914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD8199<br> 2.00%, 03/01/52<br>|  | 806294 | &nbsp;&nbsp; 654903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SL1016<br> 5.50%, 05/01/55<br>|  | 2255512 | &nbsp;&nbsp; 2302752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae I Pool #723248<br> 5.00%, 10/15/39<br>|  | 73913 | &nbsp;&nbsp; 76088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae I Pool #783403<br> 3.50%, 09/15/41<br>|  | 108945 | &nbsp;&nbsp; 101942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #CE1974<br> 3.00%, 08/20/51<br>|  | 203588 | &nbsp;&nbsp; 185669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA4778<br> 3.50%, 10/20/47<br>|  | 47094 | &nbsp;&nbsp; 43770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA4901<br> 4.00%, 12/20/47<br>|  | 46494 | &nbsp;&nbsp; 44773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA4963<br> 4.00%, 01/20/48<br>|  | 20318 | &nbsp;&nbsp; 19530 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6413<br> 5.00%, 01/20/50<br>|  | $126557 | &nbsp;&nbsp; $128760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6477<br> 4.50%, 02/20/50<br>|  | 44257 | &nbsp;&nbsp; 43873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6545<br> 5.00%, 03/20/50<br>|  | 26614 | &nbsp;&nbsp; 27186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6598<br> 2.50%, 04/20/50<br>|  | 218541 | &nbsp;&nbsp; 189309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7418<br> 2.50%, 06/20/51<br>|  | 219546 | &nbsp;&nbsp; 189901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7419<br> 3.00%, 06/20/51<br>|  | 1458611 | &nbsp;&nbsp; 1315052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7472<br> 2.50%, 07/20/51<br>|  | 461550 | &nbsp;&nbsp; 399227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7705<br> 2.50%, 11/20/51<br>|  | 674936 | &nbsp;&nbsp; 583794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7768<br> 3.00%, 12/20/51<br>|  | 1533672 | &nbsp;&nbsp; 1382725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7829<br> 3.50%, 01/20/52<br>|  | 154619 | &nbsp;&nbsp; 142476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7939<br> 4.00%, 03/20/52<br>|  | 1388507 | &nbsp;&nbsp; 1323577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7987<br> 2.50%, 04/20/52<br>|  | 959984 | &nbsp;&nbsp; 830347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8268<br> 4.50%, 09/20/52<br>|  | 622909 | &nbsp;&nbsp; 612234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8800<br> 5.00%, 04/20/53<br>|  | 2076509 | &nbsp;&nbsp; 2081257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8874<br> 3.00%, 05/20/53<br>|  | 895271 | &nbsp;&nbsp; 816361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8943<br> 3.00%, 06/20/53<br>|  | 1422410 | &nbsp;&nbsp; 1282672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MB0091<br> 5.00%, 12/20/54<br>|  | 1352993 | &nbsp;&nbsp; 1352372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MB0366<br> 5.50%, 05/20/55<br>|  | 337383 | &nbsp;&nbsp; 341031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Association, Series 2023-111 - Class PH<br> 5.00%, 05/20/53<br>|  | 513403 | &nbsp;&nbsp; 516996 |
|  |  |  | &nbsp;&nbsp; 74178817 |
| TOTAL MORTGAGE-BACKED SECURITIES (Cost $73,705,466) |  |  | &nbsp;&nbsp; 74849890 |
| U.S. GOVERNMENT OBLIGATIONS | 28.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds,<br> 4.63%, 05/15/54<br>|  | 2960000 | &nbsp;&nbsp; 2863106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bonds,<br> 4.75%, 08/15/55<br>|  | 5600000 | &nbsp;&nbsp; 5530000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes,<br> 4.88%, 04/30/26<br>|  | 25110000 | &nbsp;&nbsp; 25212009 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes,<br> 3.63%, 08/31/30<br>|  | $4150000 | &nbsp;&nbsp; $4138815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes,<br> 4.25%, 08/15/35<br>|  | 12805000 | &nbsp;&nbsp; 12925047 |
| TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost $50,736,173) |  |  | &nbsp;&nbsp; 50668977 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| SHORT-TERM INVESTMENTS | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 3.63%<sup>(e)</sup> <br>|  | 279898 | &nbsp;&nbsp; 279898 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $279,898) |  |  | &nbsp;&nbsp; 279898 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $173,148,786)<br>| 99.2<br> %<br>|  | &nbsp;&nbsp; 174778221 |
| NET OTHER ASSETS (LIABILITIES) | 0.8<br> %<br>|  | &nbsp;&nbsp; 1360108 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $176138329 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| <sup>(a)</sup>Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. As of December 31, 2025, these securities had a total value of $14,057,294 or 8% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at December 31, 2025, and the related index and spread are shown parenthetically for each <br> security.<br>|
| <sup>(c)</sup>Amount rounds to less than 0.05%. |
| <sup>(d)</sup>Perpetual bond. Maturity date represents next call date. |
| <sup>(e)</sup>7-day current yield as of December 31, 2025 is disclosed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> SOFR – Secured Overnight Financing Rate

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

At December 31, 2025 the Barrow Hanley Total Return Bond Fund's investments were concentrated as follows:

---

| | |
|:---|:---|
| **Fixed Income Credit Ratings** | **% of Net Assets** |
| AAA  | 75.9% |
| A+  | &nbsp;&nbsp; 0.1  |
| A  | &nbsp;&nbsp; 2.6  |
| A-  | &nbsp;&nbsp; 0.9  |
| BBB+  | &nbsp;&nbsp; 4.3  |
| BBB  | &nbsp;&nbsp; 8.5  |
| BBB-  | &nbsp;&nbsp; 5.5  |
| BB+  | &nbsp;&nbsp; 0.3  |
| Cash equivalents  | &nbsp;&nbsp; 0.2  |
| N/A  | &nbsp;&nbsp; 0.9  |
| Total | 99.2% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 97.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Management | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LPL Financial Holdings Inc. |  | 2441 | &nbsp;&nbsp; $871852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aptiv PLC<sup>(a)</sup> <br>|  | 8696 | &nbsp;&nbsp; 661679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 6.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. |  | 41781 | &nbsp;&nbsp; 2297955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prosperity Bancshares Inc. |  | 13269 | &nbsp;&nbsp; 917020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. |  | 21316 | &nbsp;&nbsp; 1986651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Alliance Bancorp |  | 10653 | &nbsp;&nbsp; 895598 |
|  |  |  | &nbsp;&nbsp; 6097224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr. Pepper, Inc. |  | 53383 | &nbsp;&nbsp; 1495258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology & Pharmaceuticals | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc.<sup>(a)</sup> <br>|  | 48234 | &nbsp;&nbsp; 1091535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. |  | 18884 | &nbsp;&nbsp; 1987730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanofi S.A. - ADR |  | 26762 | &nbsp;&nbsp; 1296887 |
|  |  |  | &nbsp;&nbsp; 4376152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. |  | 4431 | &nbsp;&nbsp; 1094545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd.<sup>(a)</sup> <br>|  | 49651 | &nbsp;&nbsp; 1604224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. |  | 22794 | &nbsp;&nbsp; 916319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. |  | 9992 | &nbsp;&nbsp; 815847 |
|  |  |  | &nbsp;&nbsp; 4430935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CRH PLC |  | 8963 | &nbsp;&nbsp; 1118583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Knife River Corp.<sup>(a)</sup> <br>|  | 13166 | &nbsp;&nbsp; 926228 |
|  |  |  | &nbsp;&nbsp; 2044811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 7.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. |  | 37410 | &nbsp;&nbsp; 1434300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. |  | 17559 | &nbsp;&nbsp; 1622978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. |  | 88488 | &nbsp;&nbsp; 1422002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. |  | 14459 | &nbsp;&nbsp; 1282513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy, Inc. |  | 19486 | &nbsp;&nbsp; 1439236 |
|  |  |  | &nbsp;&nbsp; 7201029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 5.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BWX Technologies, Inc. |  | 4561 | &nbsp;&nbsp; 788323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortive Corp. |  | 13439 | &nbsp;&nbsp; 741967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC |  | 16533 | &nbsp;&nbsp; 1979827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Littelfuse, Inc. |  | 4998 | &nbsp;&nbsp; 1264094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. - Class A |  | 4225 | &nbsp;&nbsp; 684493 |
|  |  |  | &nbsp;&nbsp; 5458704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AECOM |  | 12039 | &nbsp;&nbsp; 1147678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Everus Construction Group, Inc.<sup>(a)</sup> <br>|  | 13962 | &nbsp;&nbsp; 1194589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TopBuild Corp.<sup>(a)</sup> <br>|  | 2651 | &nbsp;&nbsp; 1105970 |
|  |  |  | &nbsp;&nbsp; 3448237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment Content | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warner Music Group Corp. - Class A |  | 39471 | &nbsp;&nbsp; 1210576 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | 0.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnum Ice Cream Co. N.V. (The)<sup>(a)</sup> <br>|  | 2920 | &nbsp;&nbsp; $46282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas & Water Utilities | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. |  | 75115 | &nbsp;&nbsp; 1466245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. |  | 1895 | &nbsp;&nbsp; 664292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. |  | 4108 | &nbsp;&nbsp; 1356092 |
|  |  |  | &nbsp;&nbsp; 2020384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. - Class A |  | 4529 | &nbsp;&nbsp; 465581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unilever PLC - ADR |  | 13629 | &nbsp;&nbsp; 891337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Support Services | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO International, Inc. |  | 5696 | &nbsp;&nbsp; 1393469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Financial Services | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. |  | 17535 | &nbsp;&nbsp; 1086644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 6.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American International Group, Inc. |  | 10572 | &nbsp;&nbsp; 904435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc. - Class B<sup>(a)</sup> <br>|  | 4568 | &nbsp;&nbsp; 2296105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chubb Ltd. |  | 3595 | &nbsp;&nbsp; 1122071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Willis Towers Watson PLC |  | 4231 | &nbsp;&nbsp; 1390307 |
|  |  |  | &nbsp;&nbsp; 5712918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet Media & Services | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. - Class C |  | 10913 | &nbsp;&nbsp; 3424499 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. - Class A<sup>(a)</sup> <br>|  | 2151 | &nbsp;&nbsp; 1146074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. - Class A |  | 13250 | &nbsp;&nbsp; 1099750 |
|  |  |  | &nbsp;&nbsp; 2245824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 4.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp.<sup>(a)</sup> <br>|  | 63458 | &nbsp;&nbsp; 1938007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Parks & Resorts, Inc.<sup>(a)</sup> <br>|  | 16554 | &nbsp;&nbsp; 600910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Ltd. |  | 13542 | &nbsp;&nbsp; 1629509 |
|  |  |  | &nbsp;&nbsp; 4168426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris, Inc. |  | 16109 | &nbsp;&nbsp; 1357183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 4.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avantor, Inc.<sup>(a)</sup> <br>|  | 110959 | &nbsp;&nbsp; 1271590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. |  | 16924 | &nbsp;&nbsp; 1388106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medtronic PLC |  | 18892 | &nbsp;&nbsp; 1814766 |
|  |  |  | &nbsp;&nbsp; 4474462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 7.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. |  | 11342 | &nbsp;&nbsp; 1728634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. |  | 19571 | &nbsp;&nbsp; 936081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. |  | 18051 | &nbsp;&nbsp; 2172258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Corp. |  | 47704 | &nbsp;&nbsp; 669287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 |  | 9701 | &nbsp;&nbsp; 1251817 |
|  |  |  | &nbsp;&nbsp; 6758077 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**December 31, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 5.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. |  | 4937 | &nbsp;&nbsp; $866789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. |  | 4590 | &nbsp;&nbsp; 637597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. |  | 12240 | &nbsp;&nbsp; 1562559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Storage |  | 3568 | &nbsp;&nbsp; 925896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties, Inc. |  | 37876 | &nbsp;&nbsp; 1065073 |
|  |  |  | &nbsp;&nbsp; 5057914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coherent Corp.<sup>(a)</sup> <br>|  | 7819 | &nbsp;&nbsp; 1443153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. |  | 18831 | &nbsp;&nbsp; 1199911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. |  | 8132 | &nbsp;&nbsp; 1390979 |
|  |  |  | &nbsp;&nbsp; 4034043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. |  | 5466 | &nbsp;&nbsp; 1065378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 6.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Co. |  | 4480 | &nbsp;&nbsp; 1657376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. |  | 7274 | &nbsp;&nbsp; 1762926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. |  | 21584 | &nbsp;&nbsp; 1434473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SLM Corp. |  | 52587 | &nbsp;&nbsp; 1423004 |
|  |  |  | &nbsp;&nbsp; 6277779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. |  | 30424 | &nbsp;&nbsp; 730784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. |  | 4388 | &nbsp;&nbsp; 852764 |
| TOTAL COMMON STOCKS (Cost $69,837,331) |  |  | &nbsp;&nbsp; 90826450 |
| MASTER LIMITED PARTNERSHIPS | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plains GP Holdings L.P. - Class A<sup>(a)</sup> <br>|  | 31572 | &nbsp;&nbsp; 604288 |
| TOTAL MASTER LIMITED PARTNERSHIPS (Cost $457,818) |  |  | &nbsp;&nbsp; 604288 |
| SHORT-TERM INVESTMENTS | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class) 3.63%<sup>(b)</sup> <br>|  | 2366407 | &nbsp;&nbsp; 2366407 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,366,407) |  |  | &nbsp;&nbsp; 2366407 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $72,661,556)<br>| 100.2<br> %<br>|  | &nbsp;&nbsp; 93797145 |
| NET OTHER ASSETS (LIABILITIES) | (0.2<br> %)<br>|  | &nbsp;&nbsp; (201975)<br>|
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $93595170 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup>Non-income producing security. <br> <sup>(b)</sup>7-day current yield as of December 31, 2025 is disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR – American Depositary Receipt

------

**BARROW HANLEY FUNDS**

**CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS**

------

Not Applicable.

------

##External\*Document\*Content##0

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Perpetual Americas Funds Trust

- **b. Investment Company Act file number:** 811-23615

- **c. CIK number of Registrant:** 0001830437

- **d. LEI of Registrant:** 549300T1VINOEO8DGR87

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

  - **Street Address 1:** 1 Congress Street, Suite 3101

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02114

  - **Telephone number:** 617-993-0716

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

- **a. Name of Series:** Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund

- **b. EDGAR series identifier (if any):** S000084917

- **c. LEI of Series:** 254900T1WPBHV4ANN561

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $7099627.95

**Total Liabilities:** $25049.69

**Net Assets:** $7074578.26

**Cash Not Reported:** $7662.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249635 | 4.66%                | 0.00%                | 3.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6.27                   | $299228.93                                 |
| Month 2  | $0.00                    | $6817.03                                   |
| Month 3  | $83355.25                | $180823.80                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Telkom Indonesia(Persero) Tbk PT                | Telkom Indonesia(Persero) Tbk PT SER'B'IDR50             | CUSIP: Y71474145<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |    891856 | NS      | $186607.79    | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico S.A.B. de C.V.         | Kimberly-Clark de Mexico S.A.B. de C.V. COM SER'A'NPV    | CUSIP: P60694117<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |     69050 | NS      | $147245.31    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiwin Technologies Corp.                        | Hiwin Technologies Corp. TWD10                           | CUSIP: Y3226A102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     22782 | NS      | $140663.20    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (the)                       | Saudi National Bank (the) SAR10                          | CUSIP: M7S2CL107<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     18491 | NS      | $186743.92    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd.                                      | Wipro Ltd. INR2                                          | CUSIP: Y96659142<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     48667 | NS      | $142558.23    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                   | MediaTek Inc. TWD10                                      | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      5641 | NS      | $256731.43    | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Land Inc.                                 | Ayala Land Inc. PHP1                                     | CUSIP: Y0488F100<br>LEI: 254900EWT10TQ6DKTV34 | Long             | EC               | CORP              | PH        |    376529 | NS      | $143556.00    | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Cement Public Co Ltd.                      | Siam Cement Public Co Ltd. THB1 (ALIEN)                  | CUSIP: Y7866P147<br>LEI: 529900SEH9QK8ZZDCQ89 | Long             | EC               | CORP              | TH        |     22943 | NS      | $133486.27    | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT                   | Bank Mandiri (Persero) Tbk PT IDR125                     | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    485766 | NS      | $148126.20    | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Berhad                              | Public Bank Berhad NPV                                   | CUSIP: Y71497104<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |    135542 | NS      | $151641.37    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd.                     | China Mengniu Dairy Co Ltd. HKD0.1                       | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |     75840 | NS      | $145293.33    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China Ltd. | Ping An Insurance (Group) Company of China Ltd. 'H' CNY1 | CUSIP: Y69790106<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     32498 | NS      | $272045.01    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Glass Holdings Ltd.                       | Xinyi Glass Holdings Ltd. HKD0.1                         | CUSIP: G9828G108<br>LEI: 52990082YXVVZFK1QJ17 | Long             | EC               | CORP              | KY        |    154625 | NS      | $164306.57    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd.   | Shandong Weigao Group Medical Polymer Co Ltd. 'H'CNY0.1  | CUSIP: Y76810103<br>LEI: 5299005WQUU15JQU8S60 | Long             | EC               | CORP              | CN        |    133483 | NS      | $86099.25     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd.                                        | UPL Ltd. INR2                                            | CUSIP: Y9305P100<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |     20870 | NS      | $184633.86    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunny Optical Technology (Group) Co Ltd.        | Sunny Optical Technology (Group) Co Ltd. HKD0.10         | CUSIP: G8586D109<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | KY        |     18985 | NS      | $159901.67    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electro-Mechanics Co Ltd.               | Samsung Electro-Mechanics Co Ltd. KRW5000                | CUSIP: Y7470U102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1850 | NS      | $327409.17    | 4.63%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 S.A. - Brasil, Bolsa, Balcao                 | B3 S.A. - Brasil, Bolsa, Balcao COM NPV                  | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |     75739 | NS      | $192824.51    | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank P.J.S.C                    | First Abu Dhabi Bank P.J.S.C AED1                        | CUSIP: M7080Z114<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |     33695 | NS      | $160000.22    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                     | JD.com Inc. USD0.00002 A CLASS                           | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     11299 | NS      | $162021.97    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Absa Group Ltd                                  | Absa Group Ltd ZAR2                                      | CUSIP: S0270C106<br>LEI: 2138006IPPRD4N6XLT30 | Long             | EC               | CORP              | ZA        |      6834 | NS      | $98779.36     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.         | Grupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     14144 | NS      | $131123.11    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BizLink Holding Inc.                            | BizLink Holding Inc. TWD10                               | CUSIP: G11474106<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | KY        |      5767 | NS      | $278984.74    | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ZTO Express (Cayman) Inc.                       | ZTO Express (Cayman) Inc. USD0.0001 A CLASS              | CUSIP: G9897K105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | KY        |      6585 | NS      | $137323.23    | 1.94%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sibanye-Stillwater Limited                      | Sibanye-Stillwater Limited NPV                           | CUSIP: S7627K103<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    100660 | NS      | $367749.40    | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                                 | Grupo Cibest SA SPON ADS                                 | CUSIP: 40090E106<br>LEI: 529900OSSJBGZREZ2C28 | Long             | EC               | CORP              | CO        |      2928 | NS      | $186250.08    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Largan Precision Co Ltd.                        | Largan Precision Co Ltd. TWD10                           | CUSIP: Y52144105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2003 | NS      | $159051.73    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amorepacific Corp.                              | Amorepacific Corp. KRW500                                | CUSIP: Y01258105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2257 | NS      | $186923.30    | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Dairy Products JSC                      | Vietnam Dairy Products JSC VND10000                      | CUSIP: Y9365V104<br>LEI: 549300148GRJ07D21X63 | Long             | EC               | CORP              | VN        |     62787 | NS      | $146105.11    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc.                                   | SK Hynix Inc. KRW5000                                    | CUSIP: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      1069 | NS      | $484126.77    | 6.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                               | Hyundai Motor Co. KRW5000                                | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      1100 | NS      | $227158.77    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank Public Co Ltd.                     | Kasikornbank Public Co Ltd. THBH10(ALIEN)                | CUSIP: Y4591R118<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     36833 | NS      | $226940.23    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Longfor Group Holdings Ltd.                     | Longfor Group Holdings Ltd. HKD0.10                      | CUSIP: G5635P109<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | HK        |     94018 | NS      | $103408.08    | 1.46%             |  |  |  | Yes           |                  1 | On Loan: No      |
| China International Capital Corp Ltd.           | China International Capital Corp Ltd. CNY1 H             | CUSIP: Y1R99Y109<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |     36859 | NS      | $92683.85     | 1.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Srisawad Corporation PCL                        | Srisawad Corporation PCL THB1(ALIEN)                     | CUSIP: Y81387105<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     69811 | NS      | $56504.70     | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Li-Ning Co Ltd.                                 | Li-Ning Co Ltd. HKD0.1                                   | CUSIP: G5496K124<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |     70872 | NS      | $170015.58    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMPT Ltd.                                      | ASMPT Ltd. HKD0.10                                       | CUSIP: G0535Q133<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |     15466 | NS      | $153910.82    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalwafers Co Ltd.                            | Globalwafers Co Ltd. TWD10                               | CUSIP: Y2722U109<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |     11293 | NS      | $145922.50    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                    | Northern Institutional Funds TREAS PRT PRMR              | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     48903 | NS      | $48902.83     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                               | Banco Bradesco SA PRF NPV                                | CUSIP: P1808G117<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |     49274 | PA      | $161315.81    | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** Perpetual Americas Funds Trust

**Signature:** John Stanziani

**Name of Signer:** John Stanziani

**Title:** Treasurer