# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0001145549-23-005673
**Filing Date:** 2023-2
**Character Count:** 22607
**Document Hash:** 1c1bba21fddbd71e6e58f18e2645c35e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-005673.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001145549-23-005673

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**PERIOD START**: 20230630

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 23597816

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

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

## Series and Classes Contracts Data

### Hotchkis & Wiley Value Opportunities Fund (Series ID: S000006216)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017137 | Class I      | HWAIX           |
| C000017138 | Class A      | HWAAX           |
| C000017139 | Class C      | HWACX           |
| C000205770 | Class Z      | HWAZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000006216

- **c. LEI of Series:** 549300JLT8FMOBXCJA12

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $481223696.63

**Total Liabilities:** $6611740.79

**Net Assets:** $474611955.84

**Cash Not Reported:** $903074.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017137 | 12.32%               | 7.01%                | -5.73%               |
| Class ID C000017138 | 12.29%               | 6.98%                | -5.75%               |
| Class ID C000017139 | 12.23%               | 6.93%                | -5.84%               |
| Class ID C000205770 | 12.35%               | 7.01%                | -5.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6664396.35             | $59196231.60                               |
| Month 2  | $7126997.39              | $24532457.60                               |
| Month 3  | $2269909.84              | $-33296237.58                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                       | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     94300 | NS      | $8320089.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                  | U-Haul Holding Co                        | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    231100 | NS      | $12705878.00  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                           | APA Corp                                 | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    117400 | NS      | $5480232.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc              | Arrow Electronics Inc                    | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     83400 | NS      | $8721138.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                         | Berry Corp                               | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1082800 | NS      | $8662400.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PL     | Babcock International Group PLC          | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |    649900 | NS      | $2222657.06   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                      | Citigroup Inc                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    106900 | NS      | $4835087.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                       | Comcast Corp                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    146800 | NS      | $5133596.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                           | Telefonaktiebolaget LM Ericsson          | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |   2658500 | NS      | $15525640.00  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc              | Euronet Worldwide Inc                    | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     28100 | NS      | $2652078.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC                        | Federal Home Loan Mortgage Corp          | CUSIP: 313400715<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | USGSE             | US        |     18400 | NS      | $48760.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FED HOME LOAN MORTGAGE             | Federal Home Loan Mortgage Corp          | CUSIP: 313400764<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | USGSE             | US        |    116400 | NS      | $291000.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC                        | Federal Home Loan Mortgage Corp          | CUSIP: 313400830<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | USGSE             | US        |     33300 | NS      | $86913.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                             | F5 Inc                                   | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    272700 | NS      | $39135177.00  | 8.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                         | Fluor Corp                               | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    213900 | NS      | $7413774.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    558500 | NS      | $46796715.00  | 9.86%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                  | General Motors Co                        | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    303500 | NS      | $10209740.00  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Indemnity Group LLC         | Global Indemnity Group LLC               | CUSIP: 37959R103<br>LEI: 549300KNR55WEKSPTK65 | Long             | EC               | CORP              | US        |    102500 | NS      | $2389275.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The        | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     15700 | NS      | $5391066.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                          | Hess Corp                                | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     91300 | NS      | $12948166.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Rothschild & Co                    | Rothschild & Co                          | CUSIP: N/A<br>LEI: 549300ILF3L0BBIDPZ11       | Long             | EC               | CORP              | FR        |    363500 | NS      | $14520016.62  | 3.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                  | Kosmos Energy Ltd                        | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   2036500 | NS      | $12952140.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Accor SA                           | Accor SA                                 | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |    324300 | NS      | $8090471.12   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                     | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    153700 | NS      | $36860334.00  | 7.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc              | Micron Technology Inc                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     30700 | NS      | $1534386.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                    | Murphy Oil Corp                          | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    258800 | NS      | $11130988.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                          | News Corp                                | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     65000 | NS      | $1183000.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                          | Olin Corp                                | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     61400 | NS      | $3250516.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                        | Oracle Corp                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    154000 | NS      | $12587960.00  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                        | Popular Inc                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |    140700 | NS      | $9331224.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp               | Range Resources Corp                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    370400 | NS      | $9267408.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                          | Shell PLC                                | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    233900 | NS      | $13320605.00  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                           | SLM Corp                                 | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    700500 | NS      | $11628300.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties         | Seritage Growth Properties               | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |    648000 | NS      | $7665840.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Stagwell Inc                       | Stagwell Inc                             | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |   2667610 | NS      | $16565858.10  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                  | State Street Corp                        | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    153800 | NS      | $11930266.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                   | Paramount Global                         | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    132500 | NS      | $2236600.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Warner Bros Discovery Inc          | Warner Bros Discovery Inc                | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    328500 | NS      | $3114180.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                   | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    466200 | NS      | $19249398.00  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                        | Workday Inc                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     76900 | NS      | $12867677.00  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| International Distributions Se     | International Distributions Services PLC | CUSIP: N/A<br>LEI: 213800TCZZU84G8Z2M70       | Long             | EC               | CORP              | GB        |   3271400 | NS      | $8385673.64   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Redbubble Ltd                      | Redbubble Ltd                            | CUSIP: N/A<br>LEI: 254900SRSOME9Q6QGA93       | Long             | EC               | CORP              | AU        |   4782949 | NS      | $1680422.98   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Mcdermott International Ltd        | Mcdermott International Ltd              | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | Long             | EC               | CORP              | US        |    832402 | NS      | $266368.78    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                      | Medtronic PLC                            | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    107200 | NS      | $8331584.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| METALS RECOVERY HOLDINGS LLC       | METALS RECOVERY HOLDINGS LLC             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      7042 | NS      | $603524.74    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Iracore International Holdings Inc | Iracore Investments Holdings Inc         | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | EC               | CORP              | US        |     32422 | NS      | $10005753.42  | 2.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEALAND FINANCE CO BV              | Lealand Finance Co BV                    | CUSIP: N5200EAB7<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1390873 | PA      | $746599.98    | 0.16%             | 2025-06-30      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| LEALAND FINANCE CO BV              | Lealand Finance Co BV                    | CUSIP: N5200EAC5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    442883 | PA      | $287873.65    | 0.06%             | 2024-06-30      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Expro Group Holdings NV            | Expro Group Holdings NV                  | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |    165700 | NS      | $3004141.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Iracore International Holdings Inc | Iracore International Holdings Inc       | CUSIP: N/A<br>LEI: 5493001MEBLCGW71EE69       | Long             | LON              | CORP              | US        |   2649013 | PA      | $2649012.56   | 0.56%             | 2024-04-12      | Floating      | 10.00%                | Yes           |                  3 | On Loan: No      |
| N/A                                | Tesla Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       285 | NC      | $6017490.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UTEX Industries Inc                | UTEX Industries Inc                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     24058 | NS      | $1647973.00   | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Citigroup, Inc.                          | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         3 | PA      | $3.39         | 0.00%             | 2022-12-31      | Fixed         | 1.14%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co.    | BNP Paribas                              | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         1 | PA      | $1.18         | 0.00%             | 2022-12-31      | Fixed         | 2.41%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co.    | Skandinaviska Enskilda Banken            | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |  11655394 | PA      | $11655393.84  | 2.46%             | 2022-12-31      | Fixed         | 3.68%                 | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po     | Invesco Government & Agency Portfolio    | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   6041885 | NS      | $6041885.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer