# EDGAR Filing Document

**Accession Number:** 0001830437
**File Stem:** 0002066578-25-000194
**Filing Date:** 2025-8
**Character Count:** 282328
**Document Hash:** 544099607235c7511ccc3e54a2c0136e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-000194.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0002066578-25-000194

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**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:** 251253948

**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 Total Return Bond Fund (Series ID: S000084918)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000249640 | Institutional Shares | BTRIX           |

## Nport-Ex

------

**BARROW HANLEY FUNDS**

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

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 89.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 3.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao |  | 76179 | &nbsp;&nbsp; $204430 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | 20.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd. - Class H<sup>(a)</sup> <br>|  | 76676 | &nbsp;&nbsp; 172888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. |  | 49912 | &nbsp;&nbsp; 102368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd. - Class H<sup>(b)</sup> <br>|  | 89006 | &nbsp;&nbsp; 136968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JD.com, Inc. - Class A |  | 9600 | &nbsp;&nbsp; 156414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. |  | 63525 | &nbsp;&nbsp; 136923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd.<sup>(a)</sup> <br>|  | 83410 | &nbsp;&nbsp; 98393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd. - Class H |  | 32687 | &nbsp;&nbsp; 207574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunny Optical Technology Group Co. Ltd. |  | 15025 | &nbsp;&nbsp; 132738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. |  | 155525 | &nbsp;&nbsp; 149384 |
|  |  |  | &nbsp;&nbsp; 1293650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 4.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 15557 | &nbsp;&nbsp; 114052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sino Biopharmaceutical Ltd. |  | 270763 | &nbsp;&nbsp; 181430 |
|  |  |  | &nbsp;&nbsp; 295482 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | 5.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPL Ltd. |  | 20992 | &nbsp;&nbsp; 161858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wipro Ltd. |  | 48950 | &nbsp;&nbsp; 151816 |
|  |  |  | &nbsp;&nbsp; 313674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk PT |  | 897050 | &nbsp;&nbsp; 153606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Bank Bhd. |  | 136330 | &nbsp;&nbsp; 139552 |
| &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 |  | 14227 | &nbsp;&nbsp; 130044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico S.A.B. de C.V. - Class A |  | 69453 | &nbsp;&nbsp; 127066 |
|  |  |  | &nbsp;&nbsp; 257110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi National Bank (The) |  | 18600 | &nbsp;&nbsp; 179131 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | 5.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Absa Group Ltd. |  | 9359 | &nbsp;&nbsp; 93042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd.<sup>(b)</sup> <br>|  | 123977 | &nbsp;&nbsp; 225912 |
|  |  |  | &nbsp;&nbsp; 318954 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 16.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amorepacific Corp. |  | 2271 | &nbsp;&nbsp; 230028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HL Mando Co. Ltd. |  | 4042 | &nbsp;&nbsp; 98384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. |  | 2001 | &nbsp;&nbsp; 206980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. |  | 1861 | &nbsp;&nbsp; 185741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK Hynix, Inc. |  | 1411 | &nbsp;&nbsp; 305285 |
|  |  |  | &nbsp;&nbsp; 1026418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 14.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bizlink Holding, Inc. |  | 6479 | &nbsp;&nbsp; 188080 |

---

------

**BARROW HANLEY FUNDS**

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

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globalwafers Co. Ltd. |  | 11359 | &nbsp;&nbsp; $117237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hiwin Technologies Corp. |  | 22914 | &nbsp;&nbsp; 164725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. |  | 2015 | &nbsp;&nbsp; 164169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MediaTek, Inc. |  | 5674 | &nbsp;&nbsp; 242794 |
|  |  |  | &nbsp;&nbsp; 877005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 3.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL - REG |  | 37048 | &nbsp;&nbsp; 174933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siam Cement (The) PCL - REG |  | 11729 | &nbsp;&nbsp; 60614 |
|  |  |  | &nbsp;&nbsp; 235547 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC |  | 33891 | &nbsp;&nbsp; 153186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vietnam | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vietnam Dairy Products JSC |  | 45500 | &nbsp;&nbsp; 101032 |
| TOTAL COMMON STOCKS (Cost $4,617,984) |  |  | &nbsp;&nbsp; 5548777 |
| PREFERRED STOCKS | 5.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bradesco S.A.<sup>(b)</sup> <br>|  | 49561 | &nbsp;&nbsp; 153524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Cibest S.A. - ADR, 3.04%<sup>(c)</sup> <br>|  | 3443 | &nbsp;&nbsp; 159032 |
| TOTAL PREFERRED STOCKS (Cost $246,195) |  |  | &nbsp;&nbsp; 312556 |
| SHORT-TERM INVESTMENTS | 5.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(d)</sup> <br>|  | 318751 | &nbsp;&nbsp; 318751 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $318,751) |  |  | &nbsp;&nbsp; 318751 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $5,182,930)<br>| 99.8<br> %<br>|  | &nbsp;&nbsp; 6180084 |
| NET OTHER ASSETS (LIABILITIES) | 0.2<br> %<br>|  | &nbsp;&nbsp; 9913 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $6189997 |

---

&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 June 30, 2025, these securities had a total value of $271,281 or 4% of net assets.<br>|
| <sup>(b)</sup>Non-income producing security. |
| <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 June 30, 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**

**June 30, 2025 (Unaudited)** 

------

At June 30, 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  | 31.9% |
| Information Technology  | 22.9  |
| Consumer Staples  | &nbsp;&nbsp; 9.0  |
| Consumer Discretionary  | &nbsp;&nbsp; 8.5  |
| Industrials  | &nbsp;&nbsp; 8.1  |
| Materials  | &nbsp;&nbsp; 7.2  |
| Health Care  | &nbsp;&nbsp; 2.9  |
| Communication Services  | &nbsp;&nbsp; 2.5  |
| Real Estate  | &nbsp;&nbsp; 1.6  |
| Total | &nbsp;&nbsp; 94.6% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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; Elmwood CLO 29 Ltd., Series 2024-5A - Class ER<br> (Floating, 3M CME Term SOFR + 6.40%, 6.40% Floor)<br> 10.67%, 04/20/37<sup>(a)(b)</sup> <br>|  | $1000000 | &nbsp;&nbsp; $1012497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empower CLO Ltd., Series 2023-2A - Class D<br> (Floating, 3M CME Term SOFR + 5.40%, 5.40% Floor)<br> 9.66%, 07/15/36<sup>(a)(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 500504 |
| &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> 11.60%, 04/20/37<sup>(a)(b)</sup> <br>|  | 250000 | &nbsp;&nbsp; 249168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPM CLO 7 Ltd., Series 2024-7A - Class E<br> (Floating, 3M CME Term SOFR + 6.75%, 6.75% Floor)<br> 11.02%, 07/20/37<sup>(a)(b)</sup> <br>|  | 400000 | &nbsp;&nbsp; 398000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 19 Ltd., Series 2022-19A - Class D2R<br> (Floating, 3M CME Term SOFR + 0.00%)<br> 07/21/38<sup>(a)(b)(c)</sup> <br>|  | 750000 | &nbsp;&nbsp; 750000 |
|  |  |  | &nbsp;&nbsp; 2910169 |
| TOTAL ASSET-BACKED SECURITIES (Cost $2,906,060) |  |  | &nbsp;&nbsp; 2910169 |
| CORPORATE BONDS | 65.2<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; 289714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1.9<br> %<br>|  |  |
| &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; 478729 |
| &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; 1483346 |
|  |  |  | &nbsp;&nbsp; 1962075 |
| &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; 317945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 2.9<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; 968802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 782558 |
| &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; 237789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/30<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 529134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/30<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 465056 |
|  |  |  | &nbsp;&nbsp; 2983339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 5.4<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; 1305652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(a)</sup> <br>|  | 1110000 | &nbsp;&nbsp; 1039413 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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; $2002429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings LLC<br> 5.63%, 08/15/29<sup>(a)</sup> <br>|  | 1250000 | &nbsp;&nbsp; 1131483 |
|  |  |  | &nbsp;&nbsp; 5478977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 4.2<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; 663380 |
| &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; 506782 |
| &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; 121217 |
| &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; 128065 |
| &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; 1551505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reworld Holding Corp.<br> 4.88%, 12/01/29<sup>(a)</sup> <br>|  | 625000 | &nbsp;&nbsp; 594590 |
| &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; 695539 |
|  |  |  | &nbsp;&nbsp; 4261078 |
| &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; 298213 |
| &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; 148572 |
|  |  |  | &nbsp;&nbsp; 446785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Cyclical | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC<br> 07/15/33<sup>(a)(c)</sup> <br>|  | 200000 | &nbsp;&nbsp; 207303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 3.4<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>|  | 2000000 | &nbsp;&nbsp; 1920364 |
| &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>|  | 1500000 | &nbsp;&nbsp; 1483864 |
|  |  |  | &nbsp;&nbsp; 3404228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance <br> PLC<br> 4.00%, 09/01/29<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 912877 |
| &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; 499077 |
| &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; 703105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LABL, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/28<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 218615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 11/01/28<sup>(a)</sup> <br>|  | 375000 | &nbsp;&nbsp; 346642 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 11/01/29<sup>(a)</sup> <br>|  | $375000 | &nbsp;&nbsp; $311531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co.<br> 7.88%, 04/15/27<sup>(a)</sup> <br>|  | 1050000 | &nbsp;&nbsp; 1067212 |
|  |  |  | &nbsp;&nbsp; 4059059 |
| &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; 82468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 1.0<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)(d)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1012033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 0.7<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; 665069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dycom Industries, Inc.<br> 4.50%, 04/15/29<sup>(a)</sup> <br>|  | 800000 | &nbsp;&nbsp; 778634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 1.7<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; 170835 |
| &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>|  | 160000 | &nbsp;&nbsp; 158626 |
| &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; 413699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 02/15/32<sup>(a)</sup> <br>|  | 495000 | &nbsp;&nbsp; 527444 |
| &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; 494297 |
|  |  |  | &nbsp;&nbsp; 1764901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 1.0<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; 6.63%, 01/15/28<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 251032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/01/30<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 475473 |
| &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; 334313 |
|  |  |  | &nbsp;&nbsp; 1060818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc.<br> 6.50%, 12/31/27<sup>(a)</sup> <br>|  | 50000 | &nbsp;&nbsp; 50569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Financial Services | 0.8<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>|  | 750000 | &nbsp;&nbsp; 824189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 1.5<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; 1521259 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc.<br> 6.38%, 06/15/33<sup>(a)</sup> <br>|  | 430000 | &nbsp;&nbsp; 443738 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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; $513058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 0.3<br> %<br>|  |  |
| &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; 259391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 0.9<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; 156388 |
| &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>|  | 750000 | &nbsp;&nbsp; 780332 |
|  |  |  | &nbsp;&nbsp; 936720 |
| &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; 266798 |
| &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; 467755 |
|  |  |  | &nbsp;&nbsp; 734553 |
| &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; 862433 |
| &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; 265445 |
| &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; 1840444 |
| &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>|  | 1445000 | &nbsp;&nbsp; 1374124 |
|  |  |  | &nbsp;&nbsp; 4342446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 2.7<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; 493161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(a)</sup> <br>|  | 250000 | &nbsp;&nbsp; 248013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MPT Operating Partnership L.P./MPT Finance Corp.<br> 8.50%, 02/15/32<sup>(a)</sup> <br>|  | 1570000 | &nbsp;&nbsp; 1643093 |
| &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; 402589 |
|  |  |  | &nbsp;&nbsp; 2786856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Owners & Developers | 2.9<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; 1061434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard Hughes (The) Corp.<br> 4.38%, 02/01/31<sup>(a)</sup> <br>|  | 2000000 | &nbsp;&nbsp; 1845686 |
|  |  |  | &nbsp;&nbsp; 2907120 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Services | 1.7<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; $1073835 |
| &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; 692872 |
|  |  |  | &nbsp;&nbsp; 1766707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 1.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Champions Financing, Inc.<br> 8.75%, 02/15/29<sup>(a)</sup> <br>|  | 482000 | &nbsp;&nbsp; 465364 |
| &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; 37306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PetSmart, Inc./PetSmart Finance Corp.<br> 7.75%, 02/15/29<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 485871 |
| &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; 355419 |
| &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; 466220 |
|  |  |  | &nbsp;&nbsp; 1810180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 0.5<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; 507947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 15.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.75%, 03/15/29<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 807602 |
| &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 + 4.30%)<br> 8.38%, 06/15/35<sup>(a)(b)</sup> <br>|  | 2145000 | &nbsp;&nbsp; 2159743 |
| &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>|  | 2040000 | &nbsp;&nbsp; 2147016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Corp.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/27<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 500837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.00%, 10/01/28<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 537712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings LLC,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1030782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 04/01/32<sup>(a)</sup> <br>|  | 145000 | &nbsp;&nbsp; 146563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I<br> 6.43%, 12/21/65<sup>(a)(b)</sup> <br>|  | 2455000 | &nbsp;&nbsp; 2052722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II<br> 6.68%, 12/21/65<sup>(a)(b)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 849460 |
| &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>|  | 830000 | &nbsp;&nbsp; 827009 |
| &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; 261422 |
| &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; 1552903 |
| &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; 1010317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 07/15/30<sup>(a)</sup> <br>|  | 1250000 | &nbsp;&nbsp; 1256250 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(a)</sup> <br>|  | $160000 | &nbsp;&nbsp; $161831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/30<sup>(a)</sup> <br>|  | 150000 | &nbsp;&nbsp; 154929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/30<sup>(a)</sup> <br>|  | 295000 | &nbsp;&nbsp; 304570 |
| &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; 302739 |
|  |  |  | &nbsp;&nbsp; 16064407 |
| &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; 950817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.4<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>|  | 145666 | &nbsp;&nbsp; 145333 |
| &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; 307416 |
|  |  |  | &nbsp;&nbsp; 452749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wholesale - Consumer Staples | 0.7<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; 667996 |
| TOTAL CORPORATE BONDS (Cost $65,615,422) |  |  | &nbsp;&nbsp; 66315128 |
| FOREIGN ISSUER BONDS | 7.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 4.5<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; 1050747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/33<sup>(a)</sup> <br>|  | 1495000 | &nbsp;&nbsp; 1528789 |
| &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; 1055387 |
| &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; 899416 |
|  |  |  | &nbsp;&nbsp; 4534339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 0.6<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; 589065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 0.6<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; 641326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance <br> PLC<br> 6.00%, 06/15/27<sup>(a)</sup> <br>|  | 125000 | &nbsp;&nbsp; 125384 |
| &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>|  | 200000 | &nbsp;&nbsp; 211497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.25%, 01/15/31<sup>(a)</sup> <br>|  | 200000 | &nbsp;&nbsp; 214387 |
|  |  |  | &nbsp;&nbsp; 551268 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 0.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 B.C. ULC/New Red Finance, Inc.<br> 5.63%, 09/15/29<sup>(a)</sup> <br>|  | $155000 | &nbsp;&nbsp; $157189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 1.6<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>|  | 1675000 | &nbsp;&nbsp; 1585220 |
| TOTAL FOREIGN ISSUER BONDS (Cost $8,213,526) |  |  | &nbsp;&nbsp; 8058407 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| INVESTMENT COMPANIES | 21.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barrow Hanley Floating Rate Fund<sup>†</sup> <br>|  | 2224970 | &nbsp;&nbsp; 21533764 |
| TOTAL INVESTMENT COMPANIES (Cost $21,903,638) |  |  | &nbsp;&nbsp; 21533764 |
| SHORT-TERM INVESTMENTS | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(e)</sup> <br>|  | 2459351 | &nbsp;&nbsp; 2459351 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,459,351) |  |  | &nbsp;&nbsp; 2459351 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $101,097,997)<br>| 99.6<br> %<br>|  | &nbsp;&nbsp; 101276819 |
| NET OTHER ASSETS (LIABILITIES) | 0.4<br> %<br>|  | &nbsp;&nbsp; 371746 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $101648565 |

---

&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 June 30, 2025, these securities had a total value of $73,238,368 or 72% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at June 30, 2025, and the related index and spread are shown parenthetically for each security. |
| <sup>(c)</sup>When-Issued Security. Coupon rate is not in effect at June 30, 2025. |
| <sup>(d)</sup>Perpetual bond. Maturity date represents next call date. |
| <sup>(e)</sup>7-day current yield as of June 30, 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 period ended June 30, 2025.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security**<br> **Description**<br>| &nbsp;&nbsp; **Value**<br> **09/30/2024**<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> **06/30/2025**<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>| $19476068 | &nbsp;&nbsp; $3263980 | $(1000000) | &nbsp;&nbsp; $(10833)<br>| $(195451) | &nbsp;&nbsp; $21533764 | &nbsp;&nbsp; $1263980 | &nbsp;&nbsp; $— |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY CREDIT OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

At June 30, 2025 the Barrow Hanley Credit Opportunities Fund's investments were concentrated as follows:

---

| | |
|:---|:---|
| **Fixed Income Credit Ratings** | **% of Net Assets** |
| BBB-  | &nbsp;&nbsp; 4.0% |
| BB+  | &nbsp;&nbsp; 2.8  |
| BB  | 10.7  |
| BB-  | 39.0  |
| B+  | &nbsp;&nbsp; 6.3  |
| B  | 18.3  |
| B-  | &nbsp;&nbsp; 9.8  |
| CCC+  | &nbsp;&nbsp; 1.7  |
| CCC  | &nbsp;&nbsp; 2.0  |
| CCC-  | &nbsp;&nbsp; 0.5  |
| Cash equivalents  | &nbsp;&nbsp; 2.4  |
| N/A  | &nbsp;&nbsp; 2.1  |
| Total | 99.6% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 97.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 5.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B3 S.A. - Brasil Bolsa Balcao |  | 17264 | &nbsp;&nbsp; $46329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dexco S.A. |  | 31540 | &nbsp;&nbsp; 32915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lojas Renner S.A.<sup>(a)</sup> <br>|  | 14009 | &nbsp;&nbsp; 50744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIM S.A. |  | 10152 | &nbsp;&nbsp; 41202 |
|  |  |  | &nbsp;&nbsp; 171190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parex Resources, Inc. |  | 4881 | &nbsp;&nbsp; 49858 |
| &nbsp;&nbsp;&nbsp;&nbsp; China | 20.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baidu, Inc. - Class A<sup>(a)</sup> <br>|  | 3329 | &nbsp;&nbsp; 35389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Budweiser Brewing Co. APAC Ltd.<sup>(b)</sup> <br>|  | 23192 | &nbsp;&nbsp; 22956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China International Capital Corp. Ltd. - Class H<sup>(b)</sup> <br>|  | 27347 | &nbsp;&nbsp; 61662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Mengniu Dairy Co. Ltd. |  | 19828 | &nbsp;&nbsp; 40667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd. - Class H |  | 8243 | &nbsp;&nbsp; 57596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chow Tai Fook Jewellery Group Ltd. |  | 24994 | &nbsp;&nbsp; 42729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wall Motor Co. Ltd. - Class H<sup>(a)</sup> <br>|  | 32943 | &nbsp;&nbsp; 50695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JD.com, Inc. - Class A |  | 3654 | &nbsp;&nbsp; 59535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Li Ning Co. Ltd. |  | 19356 | &nbsp;&nbsp; 41720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longfor Group Holdings Ltd.<sup>(b)</sup> <br>|  | 24000 | &nbsp;&nbsp; 28311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China Ltd. - Class H |  | 11561 | &nbsp;&nbsp; 73417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shandong Weigao Group Medical Polymer Co., Ltd - Class H |  | 48000 | &nbsp;&nbsp; 37361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunny Optical Technology Group Co. Ltd. |  | 4535 | &nbsp;&nbsp; 40064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xinyi Glass Holdings Ltd. |  | 47455 | &nbsp;&nbsp; 45581 |
|  |  |  | &nbsp;&nbsp; 637683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 4596 | &nbsp;&nbsp; 33695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy Entertainment Group Ltd. |  | 8194 | &nbsp;&nbsp; 36377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sino Biopharmaceutical Ltd. |  | 113284 | &nbsp;&nbsp; 75908 |
|  |  |  | &nbsp;&nbsp; 145980 |
| &nbsp;&nbsp;&nbsp;&nbsp; India | 5.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axis Bank Ltd. |  | 4366 | &nbsp;&nbsp; 61051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petronet LNG Ltd. |  | 10204 | &nbsp;&nbsp; 35921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPL Ltd. |  | 9550 | &nbsp;&nbsp; 73635 |
|  |  |  | &nbsp;&nbsp; 170607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesia | 3.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Astra International Tbk PT |  | 154422 | &nbsp;&nbsp; 42803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk PT |  | 325888 | &nbsp;&nbsp; 55803 |
|  |  |  | &nbsp;&nbsp; 98606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Bank Bhd. |  | 38098 | &nbsp;&nbsp; 38998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 3.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 6026 | &nbsp;&nbsp; 55081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark de Mexico S.A.B. de C.V. - Class A |  | 26175 | &nbsp;&nbsp; 47888 |
|  |  |  | &nbsp;&nbsp; 102969 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Philippines | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ayala Land, Inc. |  | 78318 | &nbsp;&nbsp; $37539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BDO Unibank, Inc. |  | 14783 | &nbsp;&nbsp; 40100 |
|  |  |  | &nbsp;&nbsp; 77639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia | 0.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alrosa PJSC<sup>(c)</sup> <br>|  | 12058 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Moscow Exchange MICEX-RTS PJSC<sup>(c)</sup> <br>|  | 8812 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi National Bank (The) |  | 5116 | &nbsp;&nbsp; 49271 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Africa | 5.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Absa Group Ltd. |  | 4874 | &nbsp;&nbsp; 48454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bidvest Group Ltd. |  | 2178 | &nbsp;&nbsp; 28729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold Fields Ltd. |  | 1975 | &nbsp;&nbsp; 46384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sibanye Stillwater Ltd.<sup>(a)</sup> <br>|  | 25545 | &nbsp;&nbsp; 46548 |
|  |  |  | &nbsp;&nbsp; 170115 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 20.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amorepacific Corp. |  | 650 | &nbsp;&nbsp; 65838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Motor Co. |  | 411 | &nbsp;&nbsp; 61973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Electric Power Corp. |  | 2638 | &nbsp;&nbsp; 76818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. |  | 1133 | &nbsp;&nbsp; 117195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. |  | 991 | &nbsp;&nbsp; 98909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK Hynix, Inc. |  | 840 | &nbsp;&nbsp; 181743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S-Oil Corp. |  | 987 | &nbsp;&nbsp; 43806 |
|  |  |  | &nbsp;&nbsp; 646282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 11.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bizlink Holding, Inc. |  | 3175 | &nbsp;&nbsp; 92168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globalwafers Co. Ltd. |  | 4173 | &nbsp;&nbsp; 43070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hiwin Technologies Corp. |  | 8921 | &nbsp;&nbsp; 64131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Largan Precision Co. Ltd. |  | 704 | &nbsp;&nbsp; 57357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MediaTek, Inc. |  | 2694 | &nbsp;&nbsp; 115278 |
|  |  |  | &nbsp;&nbsp; 372004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thailand | 4.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kasikornbank PCL - REG |  | 10854 | &nbsp;&nbsp; 51251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siam Cement (The) PCL - REG |  | 6294 | &nbsp;&nbsp; 32526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Srisawad Corp. PCL - REG |  | 35900 | &nbsp;&nbsp; 17780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thai Beverage PCL |  | 136905 | &nbsp;&nbsp; 49529 |
|  |  |  | &nbsp;&nbsp; 151086 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC |  | 12130 | &nbsp;&nbsp; 54827 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fresnillo PLC |  | 3392 | &nbsp;&nbsp; 67047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investec PLC |  | 5077 | &nbsp;&nbsp; 37981 |
|  |  |  | &nbsp;&nbsp; 105028 |
| TOTAL COMMON STOCKS (Cost $2,712,684) |  |  | &nbsp;&nbsp; 3042143 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY EMERGING MARKETS VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| PREFERRED STOCKS | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazil | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Bradesco S.A.<sup>(a)</sup> <br>|  | 16482 | &nbsp;&nbsp; $51056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colombia | 1.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Cibest S.A. - ADR, 3.04%<sup>(d)</sup> <br>|  | 1224 | &nbsp;&nbsp; 56537 |
| TOTAL PREFERRED STOCKS (Cost $86,540) |  |  | &nbsp;&nbsp; 107593 |
| SHORT-TERM INVESTMENTS | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(e)</sup> <br>|  | 23799 | &nbsp;&nbsp; 23799 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $23,799) |  |  | &nbsp;&nbsp; 23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $2,823,023)<br>| 101.5<br> %<br>|  | &nbsp;&nbsp; 3173535 |
| NET OTHER ASSETS (LIABILITIES) | (1.5<br> %)<br>|  | &nbsp;&nbsp; (46184)<br>|
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $3127351 |

---

&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 June 30, 2025, these securities had a total value of $112,929 or 4% 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 June 30, 2025 is disclosed. |

---

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

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

At June 30, 2025 the industry sectors (excluding short-term investments) for the Barrow Hanley Emerging Markets Value Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Financials  | &nbsp;&nbsp; 29.3% |
| Information Technology  | &nbsp;&nbsp; 18.3  |
| Consumer Discretionary  | &nbsp;&nbsp; 11.0  |
| Materials  | &nbsp;&nbsp;&nbsp; 9.7  |
| Industrials  | &nbsp;&nbsp;&nbsp; 8.7  |
| Consumer Staples  | &nbsp;&nbsp;&nbsp; 7.2  |
| Communication Services  | &nbsp;&nbsp;&nbsp; 4.2  |
| Energy  | &nbsp;&nbsp;&nbsp; 4.1  |
| Health Care  | &nbsp;&nbsp;&nbsp; 3.6  |
| Utilities  | &nbsp;&nbsp;&nbsp; 2.5  |
| Real Estate  | &nbsp;&nbsp;&nbsp; 2.1  |
| Total | &nbsp;&nbsp; 100.7% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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; Empower CLO Ltd., Series 2023-2A - Class D<br> (Floating, 3M CME Term SOFR + 5.40%, 5.40% Floor)<br> 9.66%, 07/15/36<sup>(a)(b)</sup> <br>|  | $500000 | &nbsp;&nbsp; $500504 |
| &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> 11.60%, 04/20/37<sup>(a)(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 498336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPM CLO 7 Ltd., Series 2024-7A - Class E<br> (Floating, 3M CME Term SOFR + 6.75%, 6.75% Floor)<br> 11.02%, 07/20/37<sup>(a)(b)</sup> <br>|  | 350000 | &nbsp;&nbsp; 348250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 19 Ltd., Series 2022-19A - Class D2R<br> (Floating, 3M CME Term SOFR + 0.00%)<br> 0.00%, 07/21/38<sup>(a)(b)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1000000 |
| &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> 07/20/37<sup>(a)(c)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1000000 |
|  |  |  | &nbsp;&nbsp; 3347090 |
| TOTAL ASSET-BACKED SECURITIES (Cost $3,345,205) |  |  | &nbsp;&nbsp; 3347090 |
| BANK LOAN OBLIGATIONS<sup>(b)</sup> | 76.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp., Term B Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.75% Floor)<br> 8.18%, 02/01/28<br>|  | 925593 | &nbsp;&nbsp; 814808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm, Inc., Tranche L Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.50%)<br> 6.80%, 01/19/32<br>|  | 311645 | &nbsp;&nbsp; 312063 |
|  |  |  | &nbsp;&nbsp; 1126871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Management | 1.9<br> %<br>|  |  |
| &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> 8.32%, 02/18/27<br>|  | 913202 | &nbsp;&nbsp; 900263 |
| &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> 7.83%, 07/31/31<br>|  | 1284161 | &nbsp;&nbsp; 1287679 |
|  |  |  | &nbsp;&nbsp; 2187942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 0.4<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 3M + 3.25%)<br> 7.51%, 04/03/28<br>|  | 483233 | &nbsp;&nbsp; 485045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic Industry | 2.6<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> 8.33%, 02/01/29<br>|  | 872647 | &nbsp;&nbsp; 874392 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TMS International Corp., Term B-7 Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.50%, 0.50% Floor)<br> 7.78%, 03/02/30<br>|  | $1576357 | &nbsp;&nbsp; $1576357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.50%, 0.50% Floor)<br> 7.83%, 03/02/30<br>|  | 565625 | &nbsp;&nbsp; 565625 |
|  |  |  | &nbsp;&nbsp; 3016374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverage, Food & Tobacco | 0.2<br> %<br>|  |  |
| &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 + 8.00%, 0.50% Floor)<br> 12.47%, 08/02/28<sup>(d)</sup> <br>|  | 124511 | &nbsp;&nbsp; 111749 |
| &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> 8.71%, 08/02/28<br>|  | 14803 | &nbsp;&nbsp; 8142 |
| &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> 8.72%, 08/02/28<br>|  | 91209 | &nbsp;&nbsp; 50165 |
| &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> 9.21%, 08/02/28<sup>(d)</sup> <br>|  | 244090 | &nbsp;&nbsp; 39054 |
|  |  |  | &nbsp;&nbsp; 209110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokerage Assetmanagers Exchanges | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascensus Group Holdings, Inc., Amendment No.4 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 7.33%, 08/02/28<br>|  | 556759 | &nbsp;&nbsp; 557338 |
| &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> 7.83%, 06/26/31<br>|  | 147061 | &nbsp;&nbsp; 147245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edelman Financial Engines Center LLC (The), 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 5.25%)<br> 9.58%, 10/06/28<br>|  | 350000 | &nbsp;&nbsp; 350437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%)<br> 7.05%, 09/05/31<br>|  | 233950 | &nbsp;&nbsp; 234243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HighTower Holding LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%)<br> 7.26%, 02/03/32<br>|  | 219485 | &nbsp;&nbsp; 218754 |
| &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 + 3.00%)<br> 7.32%, 10/21/31<br>|  | 782565 | &nbsp;&nbsp; 783543 |
|  |  |  | &nbsp;&nbsp; 2291560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Buildings & Real Estate | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Subsea Communications Holding, Inc., 2024 Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.00%, 0.75% Floor)<br> 8.33%, 01/30/31<br>|  | 643500 | &nbsp;&nbsp; 646988 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2022 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%)<br> 8.81%, 01/18/28<br>|  | $772225 | &nbsp;&nbsp; $760649 |
| &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> 9.00%, 04/15/27<br>|  | 769691 | &nbsp;&nbsp; 748941 |
|  |  |  | &nbsp;&nbsp; 1509590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Goods | 8.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, Term Loan<br> 06/25/32<sup>(e)</sup> <br>|  | 300000 | &nbsp;&nbsp; 301500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., 2025 Incremental Closing Date Term B <br> Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 7.58%, 04/01/32<br>|  | 1083289 | &nbsp;&nbsp; 1078479 |
| &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>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 04/01/32<sup>(e)(f)</sup> <br>|  | 18370 | &nbsp;&nbsp; 18289 |
| &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> 1.63%, 04/01/32<br>|  | 568 | &nbsp;&nbsp; 566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compass Power Generation LLC, Tranche B-4 Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 04/14/29<sup>(e)</sup> <br>|  | 1919 | &nbsp;&nbsp; 1929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.25%, 1.00% Floor)<br> 7.58%, 04/14/29<br>|  | 765837 | &nbsp;&nbsp; 769709 |
| &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> 8.82%, 09/28/28<br>|  | 424082 | &nbsp;&nbsp; 413679 |
| &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> 10.02%, 07/19/30<br>|  | 237860 | &nbsp;&nbsp; 224480 |
| &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> 8.55%, 12/16/28<br>|  | 1528622 | &nbsp;&nbsp; 1520979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goat Holdco LLC, Term B Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 7.33%, 01/27/32<br>|  | 202019 | &nbsp;&nbsp; 202221 |
| &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> 7.05%, 11/22/29<br>|  | 774318 | &nbsp;&nbsp; 772142 |
| &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> 7.80%, 04/01/32<br>|  | 300631 | &nbsp;&nbsp; 301007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ LLC, 2025 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 7.51%, 05/06/32<br>|  | 150547 | &nbsp;&nbsp; 150864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., Term B-1 Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 7.32%, 04/15/27<br>|  | 278734 | &nbsp;&nbsp; 278561 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Potters Industries LLC, 2025 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.75% Floor)<br> 7.33%, 12/14/27<br>|  | $1135392 | &nbsp;&nbsp; $1138231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ProAmpac PG Borrower LLC, 2024-1 Refinancing Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.00%, 0.75% Floor)<br> 8.26%, 09/15/28<br>|  | 299562 | &nbsp;&nbsp; 300236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.00%, 0.75% Floor)<br> 8.32%, 09/15/28<br>|  | 192954 | &nbsp;&nbsp; 193388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPX Flow, Inc., December 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 7.33%, 04/05/29<br>|  | 551025 | &nbsp;&nbsp; 552656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TK Elevator Midco GmbH, Facility B<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 7.24%, 04/30/30<br>|  | 1133316 | &nbsp;&nbsp; 1135764 |
|  |  |  | &nbsp;&nbsp; 9354680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cargo Transport | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kenan Advantage Group (The), Inc., U.S. Term B-4 Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 7.58%, 01/25/29<br>|  | 376122 | &nbsp;&nbsp; 370480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 3.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours (The) Co., Tranche B-3 US$ Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 7.33%, 08/18/28<br>|  | 1473750 | &nbsp;&nbsp; 1468223 |
| &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> 8.19%, 04/20/28<br>|  | 1109339 | &nbsp;&nbsp; 1098246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Momentive Performance Materials, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.00%)<br> 8.33%, 03/29/28<br>|  | 722966 | &nbsp;&nbsp; 724470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W. R. Grace Holdings LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%, 0.50% Floor)<br> 7.55%, 09/22/28<br>|  | 762764 | &nbsp;&nbsp; 763084 |
|  |  |  | &nbsp;&nbsp; 4054023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals, Plastics & Rubber | 1.9<br> %<br>|  |  |
| &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> 6.83%, 04/10/30<br>|  | 1161470 | &nbsp;&nbsp; 1163654 |
| &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> 8.55%, 08/05/31<br>|  | 1007387 | &nbsp;&nbsp; 990705 |
|  |  |  | &nbsp;&nbsp; 2154359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 0.4<br> %<br>|  |  |
| &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>(e)(f)</sup> <br>|  | 31602 | &nbsp;&nbsp; 31563 |
| &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 + 3.25%)<br> 7.58%, 11/19/31<br>|  | 441324 | &nbsp;&nbsp; 440772 |
|  |  |  | &nbsp;&nbsp; 472335 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications | 2.1<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> 7.33%, 02/06/31<br>|  | $1612843 | &nbsp;&nbsp; $1614859 |
| &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> 8.58%, 12/31/31<br>|  | 1018540 | &nbsp;&nbsp; 882738 |
|  |  |  | &nbsp;&nbsp; 2497597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Cyclical | 5.2<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> 6.58%, 01/31/31<br>|  | 1109025 | &nbsp;&nbsp; 1110589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BIFM CA Buyer, Inc., 2024-2 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.50% Floor)<br> 8.08%, 05/31/28<br>|  | 824898 | &nbsp;&nbsp; 828148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Champions Holdco, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.75%)<br> 9.08%, 02/23/29<br>|  | 1197900 | &nbsp;&nbsp; 1116371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, Amendment No. 6 Dollar Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 7.08%, 01/28/32<br>|  | 1000000 | &nbsp;&nbsp; 1000630 |
| &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> 9.80%, 01/31/31<br>|  | 990000 | &nbsp;&nbsp; 884812 |
| &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> 7.06%, 02/21/31<br>|  | 404479 | &nbsp;&nbsp; 404985 |
| &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 1M + 4.25%)<br> 8.56%, 12/04/31<br>|  | 234185 | &nbsp;&nbsp; 235059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanesbrands, Inc., Initial Tranche B Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%)<br> 7.08%, 03/07/32<br>|  | 252483 | &nbsp;&nbsp; 252904 |
| &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> 12.30%, 01/08/30<br>|  | 233854 | &nbsp;&nbsp; 232685 |
|  |  |  | &nbsp;&nbsp; 6066183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Non-Cyclical | 3.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aspire Bakeries Holdings LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.82%, 12/23/30<br>|  | 332785 | &nbsp;&nbsp; 333305 |
| &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> 8.56%, 02/11/28<br>|  | 775242 | &nbsp;&nbsp; 775102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower L.P., Third Amendment Incremental Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.25%, 0.50% Floor)<br> 6.58%, 10/23/28<br>|  | 696371 | &nbsp;&nbsp; 696712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osmosis Buyer Ltd., 2025 Refinancing Term B Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 7.32%, 07/31/28<br>|  | 499463 | &nbsp;&nbsp; 498429 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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> 6.55%, 03/31/28<br>|  | $280912 | &nbsp;&nbsp; $281794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Behavioral Healthcare LLC, Tranche B-1 Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.75% Floor)<br> 8.55%, 11/24/28<br>|  | 972235 | &nbsp;&nbsp; 729176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC, Initial Delayed Draw Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/11/31<sup>(e)</sup> <br>|  | 6822 | &nbsp;&nbsp; 6839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.50%)<br> 8.78%, 10/11/31<br>|  | 2188 | &nbsp;&nbsp; 2194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 4.50%)<br> 8.82%, 10/11/31<br>|  | 4651 | &nbsp;&nbsp; 4662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Fertility Enterprises LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.50%)<br> 8.80%, 10/11/31<br>|  | 149708 | &nbsp;&nbsp; 150083 |
|  |  |  | &nbsp;&nbsp; 3478296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 0.4<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> 8.68%, 12/15/28<br>|  | 498715 | &nbsp;&nbsp; 481260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 0.3<br> %<br>|  |  |
| &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> 8.56%, 05/05/29<br>|  | 384137 | &nbsp;&nbsp; 382858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified/Conglomerate Manufacturing | 1.7<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 3M + 4.50%)<br> 8.80%, 12/19/31<br>|  | 155865 | &nbsp;&nbsp; 154306 |
| &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 3M + 4.50%)<br> 8.80%, 12/19/31<br>|  | 243539 | &nbsp;&nbsp; 241104 |
| &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> 7.33%, 08/09/30<br>|  | 741906 | &nbsp;&nbsp; 742930 |
| &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> 8.02%, 11/13/28<br>|  | 937068 | &nbsp;&nbsp; 885529 |
|  |  |  | &nbsp;&nbsp; 2023869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified/Conglomerate Service | 4.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, Initial U.S. Dollar Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.50% Floor)<br> 8.18%, 05/12/28<br>|  | 739636 | &nbsp;&nbsp; 742906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DXP Enterprises, Inc., 2024 Incremental Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 1.00% Floor)<br> 8.08%, 10/11/30<br>|  | 776234 | &nbsp;&nbsp; 780604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerald X, Inc., Closing Date Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%)<br> 8.08%, 01/30/32<br>|  | 389075 | &nbsp;&nbsp; 390779 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heartland Dental LLC, 2024 New Term Loan<br> (Floating, CME Term SOFR USD 1M + 4.50%, 0.75% Floor)<br> 8.83%, 04/28/28<br>|  | $943394 | &nbsp;&nbsp; $943516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Mentor Holdings, Inc., Initial Term C Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%)<br> 8.15%, 03/02/28<br>|  | 24033 | &nbsp;&nbsp; 23180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Mentor Holdings, 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 + 3.75%)<br> 8.15%, 03/02/28<br>|  | 152272 | &nbsp;&nbsp; 146866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.75%)<br> 8.18%, 03/02/28<br>|  | 672934 | &nbsp;&nbsp; 649045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russell Investments U.S. Institutional Holdco, Inc., 2027 Term Loan<br> (Floating, CME Term SOFR USD 3M + 5.00%, 1.00% Floor)<br> 9.28%, 05/30/27<sup>(d)</sup> <br>|  | 1624840 | &nbsp;&nbsp; 1529787 |
|  |  |  | &nbsp;&nbsp; 5206683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical | 1.2<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> 8.58%, 05/03/28<br>|  | 1504898 | &nbsp;&nbsp; 1410375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronics | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ultra Clean Holdings, Inc., Seventh Amendment Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%)<br> 7.58%, 02/25/28<br>|  | 1005641 | &nbsp;&nbsp; 1007320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc., Term B-3 Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.83%, 08/09/30<br>|  | 774542 | &nbsp;&nbsp; 775588 |
| &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>(g)</sup> <br>|  | 720749 | &nbsp;&nbsp; 139825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., Term B-4 Loan<br> (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.83%, 08/17/28<br>|  | 801915 | &nbsp;&nbsp; 803150 |
|  |  |  | &nbsp;&nbsp; 1718563 |
| &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> 7.33%, 08/23/29<br>|  | 332788 | &nbsp;&nbsp; 333343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agiliti Health, Inc., Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.00%)<br> 7.22%, 05/01/30<br>|  | 263446 | &nbsp;&nbsp; 254555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 3M + 3.00%)<br> 7.30%, 05/01/30<br>|  | 138486 | &nbsp;&nbsp; 133812 |
| &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> 8.53%, 03/30/29<br>|  | 388000 | &nbsp;&nbsp; 350818 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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> 9.78%, 03/30/29<br>|  | $799875 | &nbsp;&nbsp; $727886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sharp Services LLC, Tranche D Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 7.55%, 12/31/28<br>|  | 515131 | &nbsp;&nbsp; 515775 |
|  |  |  | &nbsp;&nbsp; 1982846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare & Pharmaceuticals | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MED ParentCo LP, Ninth Amendment Refinancing Term Loan,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 04/15/31<sup>(e)</sup> <br>|  | 402606 | &nbsp;&nbsp; 403758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Floating, CME Term SOFR USD 1M + 3.50%)<br> 7.83%, 04/15/31<br>|  | 1034753 | &nbsp;&nbsp; 1037712 |
|  |  |  | &nbsp;&nbsp; 1441470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare, Education & Childcare | 2.0<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> 8.01%, 05/17/31<br>|  | 1482116 | &nbsp;&nbsp; 1464745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outcomes Group Holdings, Inc., 2024 Replacement Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%)<br> 8.08%, 05/06/31<br>|  | 76616 | &nbsp;&nbsp; 76984 |
| &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> 9.53%, 02/08/28<br>|  | 740729 | &nbsp;&nbsp; 737025 |
|  |  |  | &nbsp;&nbsp; 2278754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chariot Buyer LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.25%, 0.50% Floor)<br> 7.68%, 11/03/28<br>|  | 834384 | &nbsp;&nbsp; 835235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Intermediate Products | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AZZ, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%, 0.50% Floor)<br> 6.83%, 05/13/29<br>|  | 396221 | &nbsp;&nbsp; 398079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 3.8<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> 7.33%, 11/06/30<br>|  | 623740 | &nbsp;&nbsp; 621513 |
| &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> 7.58%, 06/20/32<br>|  | 372000 | &nbsp;&nbsp; 371535 |
| &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> 8.68%, 08/19/28<br>|  | 433350 | &nbsp;&nbsp; 428319 |
| &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> 9.69%, 01/20/29<br>|  | 790000 | &nbsp;&nbsp; 731366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bella Holding Co. LLC, 2025 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.75% Floor)<br> 7.33%, 05/10/28<br>|  | 796476 | &nbsp;&nbsp; 798714 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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> 7.33%, 07/02/31<br>|  | $379958 | &nbsp;&nbsp; $378890 |
| &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> 9.58%, 07/02/32<br>|  | 810000 | &nbsp;&nbsp; 808988 |
| &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> 7.56%, 06/14/32<br>|  | 223402 | &nbsp;&nbsp; 223682 |
|  |  |  | &nbsp;&nbsp; 4363007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings LP, 2024 Refinancing Dollar Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.50% Floor)<br> 7.28%, 04/04/29<br>|  | 192590 | &nbsp;&nbsp; 192337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC, Initial Term B Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%)<br> 6.83%, 08/19/31<br>|  | 1020000 | &nbsp;&nbsp; 1021530 |
| &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> 10.56%, 05/21/29<br>|  | 395000 | &nbsp;&nbsp; 395494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Engineered Machinery Holdings, Inc., Incremental Amendment No. 5 Term <br> Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%, 0.75% Floor)<br> 8.06%, 05/19/28<br>|  | 640051 | &nbsp;&nbsp; 643597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro Mach Group, Inc., Amendment No.5 Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.75%, 1.00% Floor)<br> 7.08%, 08/31/28<br>|  | 768121 | &nbsp;&nbsp; 769434 |
|  |  |  | &nbsp;&nbsp; 2830055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harsco Corp., Term B-3 Loan<br> (Floating, CME Term SOFR USD 1M + 2.25%)<br> 6.69%, 06/09/28<br>|  | 691094 | &nbsp;&nbsp; 682628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Industrial | 1.4<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> 7.33%, 05/17/28<br>|  | 761055 | &nbsp;&nbsp; 762615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service Logic Acquisition, Inc., Amendment No. 8 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.00%, 0.75% Floor)<br> 7.28%, 10/29/27<br>|  | 833652 | &nbsp;&nbsp; 833652 |
|  |  |  | &nbsp;&nbsp; 1596267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Printing & Publishing | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LABL, Inc., Initial Dollar Term Loan<br> (Floating, CME Term SOFR USD 1M + 5.00%, 0.50% Floor)<br> 9.43%, 10/30/28<br>|  | 762763 | &nbsp;&nbsp; 685282 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 0.5<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> 7.56%, 06/13/30<br>|  | $223000 | &nbsp;&nbsp; $223279 |
| &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> 7.81%, 06/30/31<br>|  | 401962 | &nbsp;&nbsp; 399450 |
|  |  |  | &nbsp;&nbsp; 622729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail | 1.0<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> 9.08%, 05/01/31<br>|  | 933271 | &nbsp;&nbsp; 937938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings LLC, Fourth Amendment Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.25%, 0.75% Floor)<br> 8.55%, 03/31/29<br>|  | 185402 | &nbsp;&nbsp; 185170 |
|  |  |  | &nbsp;&nbsp; 1123108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 1.7<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> 7.81%, 03/03/28<br>|  | 1045000 | &nbsp;&nbsp; 960376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PetSmart LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.75%, 0.75% Floor)<br> 8.18%, 02/11/28<br>|  | 760740 | &nbsp;&nbsp; 751391 |
| &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 + 3.25%, 0.50% Floor)<br> 7.82%, 08/02/28<br>|  | 226918 | &nbsp;&nbsp; 226494 |
|  |  |  | &nbsp;&nbsp; 1938261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail Stores | 3.7<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> 7.58%, 12/11/30<br>|  | 2043116 | &nbsp;&nbsp; 2029325 |
| &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> 7.56%, 11/01/31<br>|  | 1014900 | &nbsp;&nbsp; 966317 |
| &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> 7.56%, 06/29/29<br>|  | 315639 | &nbsp;&nbsp; 305194 |
| &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> 7.58%, 01/23/32<br>|  | 306199 | &nbsp;&nbsp; 305338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upbound Group, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%, 0.50% Floor)<br> 7.03%, 02/17/28<br>|  | 718666 | &nbsp;&nbsp; 720463 |
|  |  |  | &nbsp;&nbsp; 4326637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 0.7<br> %<br>|  |  |
| &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> 7.55%, 07/06/29<br>|  | 281408 | &nbsp;&nbsp; 234301 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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> 7.07%, 05/01/31<br>|  | $560857 | &nbsp;&nbsp; $557705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECi Macola/MAX Holding LLC, 2024 Repricing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%, 0.75% Floor)<br> 7.55%, 05/09/30<br>|  | 76617 | &nbsp;&nbsp; 76952 |
|  |  |  | &nbsp;&nbsp; 868958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 1.3<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> 7.33%, 12/10/30<br>|  | 154736 | &nbsp;&nbsp; 153963 |
| &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> 9.53%, 06/16/28<br>|  | 1321324 | &nbsp;&nbsp; 1308110 |
|  |  |  | &nbsp;&nbsp; 1462073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology | 3.8<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> 6.83%, 06/08/28<br>|  | 425272 | &nbsp;&nbsp; 425804 |
| &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> 7.07%, 03/26/32<br>|  | 729690 | &nbsp;&nbsp; 725436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Icon Parent I, Inc., Initial Term Loan<br> (Floating, CME Term SOFR USD 6M + 3.00%)<br> 7.21%, 11/13/31<br>|  | 154613 | &nbsp;&nbsp; 154739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imprivata, Inc., 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.50%, 0.50% Floor)<br> 7.78%, 12/01/27<br>|  | 58555 | &nbsp;&nbsp; 58734 |
| &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 3M + 2.25%, 0.50% Floor)<br> 6.56%, 09/22/31<br>|  | 157757 | &nbsp;&nbsp; 158349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neon Maple Purchaser, Inc., Tranche B-1 Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%)<br> 7.33%, 11/17/31<br>|  | 1011829 | &nbsp;&nbsp; 1013023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2024 Refinancing Term Loan<br> (Floating, CME Term SOFR USD 1M + 3.00%, 0.50% Floor)<br> 7.33%, 08/31/28<br>|  | 1263141 | &nbsp;&nbsp; 1263280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RealPage, Inc., 2024-1 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.75%, 0.50% Floor)<br> 8.05%, 04/24/28<br>|  | 158454 | &nbsp;&nbsp; 158454 |
| &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> 7.58%, 04/16/31<br>|  | 417297 | &nbsp;&nbsp; 416516 |
|  |  |  | &nbsp;&nbsp; 4374335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 0.5<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> 7.56%, 11/12/27<br>|  | 615693 | &nbsp;&nbsp; 612614 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AAdvantage Loyality IP Ltd., 2025 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 3.25%)<br> 7.58%, 05/28/32<br>|  | $250000 | &nbsp;&nbsp; $251375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AAdvantage Loyality IP Ltd., 2025 Replacement Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.25%)<br> 6.52%, 04/20/28<br>|  | 770250 | &nbsp;&nbsp; 764350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple Bidco LLC, Amendment No. 5 Term Loan<br> (Floating, CME Term SOFR USD 1M + 2.50%)<br> 6.83%, 09/23/31<br>|  | 1038857 | &nbsp;&nbsp; 1036177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, Initial Term Loan<br> (Floating, CME Term SOFR USD 3M + 2.75%)<br> 6.98%, 04/09/32<br>|  | 356082 | &nbsp;&nbsp; 357061 |
| &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> 8.05%, 04/01/31<br>|  | 150547 | &nbsp;&nbsp; 150798 |
|  |  |  | &nbsp;&nbsp; 2559761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wholesale - Discretionary | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fleetpride, Inc., 2023 Incremental Term Loan<br> (Floating, CME Term SOFR USD 3M + 4.50%, 0.50% Floor)<br> 8.80%, 09/29/28<br>|  | 805848 | &nbsp;&nbsp; 739656 |
| TOTAL BANK LOAN OBLIGATIONS (Cost $89,792,753) |  |  | &nbsp;&nbsp; 88399796 |
| CORPORATE BONDS | 10.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 0.9<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; 988897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings LLC/CCO Holdings Capital Corp.<br> 4.75%, 03/01/30<sup>(a)</sup> <br>|  | 685000 | &nbsp;&nbsp; 663630 |
| &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; 1114710 |
|  |  |  | &nbsp;&nbsp; 1778340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 1.2<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>|  | 1185000 | &nbsp;&nbsp; 1031465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(a)</sup> <br>|  | 365000 | &nbsp;&nbsp; 341789 |
|  |  |  | &nbsp;&nbsp; 1373254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enviri Corp.<br> 5.75%, 07/31/27<sup>(a)</sup> <br>|  | 750000 | &nbsp;&nbsp; 740222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 0.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance <br> PLC<br> 4.00%, 09/01/29<sup>(a)</sup> <br>|  | 500000 | &nbsp;&nbsp; 456438 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 1.4<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; $991413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc.<br> 8.38%, 02/15/32<sup>(a)</sup> <br>|  | 535000 | &nbsp;&nbsp; 570066 |
|  |  |  | &nbsp;&nbsp; 1561479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure LLC/Acrisure Finance, Inc.<br> 7.50%, 11/06/30<sup>(a)</sup> <br>|  | 320000 | &nbsp;&nbsp; 330571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 0.4<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; 475476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 3.7<br> %<br>|  |  |
| &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>|  | 1185000 | &nbsp;&nbsp; 1247164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust I<br> 6.43%, 12/21/65<sup>(a)(b)</sup> <br>|  | 1343000 | &nbsp;&nbsp; 1122935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ILFC E-Capital Trust II<br> 6.68%, 12/21/65<sup>(a)(b)</sup> <br>|  | 1102000 | &nbsp;&nbsp; 936105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rithm Capital Corp.<br> 8.00%, 07/15/30<sup>(a)</sup> <br>|  | 1000000 | &nbsp;&nbsp; 1005000 |
|  |  |  | &nbsp;&nbsp; 4311204 |
| &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; 109344 |
| TOTAL CORPORATE BONDS (Cost $12,142,735) |  |  | &nbsp;&nbsp; 12125225 |
| FOREIGN ISSUER BONDS | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1.2<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; 766951 |
| &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; 631212 |
|  |  |  | &nbsp;&nbsp; 1398163 |
| TOTAL FOREIGN ISSUER BONDS (Cost $1,359,476) |  |  | &nbsp;&nbsp; 1398163 |

---

&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; Service King, Exp. 8/30/30, Strike Price $-<sup>(g)(h)</sup> <br>|  | 2554 | &nbsp;&nbsp; — |
| TOTAL WARRANTS (Cost $—) |  |  | &nbsp;&nbsp; — |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY FLOATING RATE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| SHORT-TERM INVESTMENTS | 11.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(i)</sup> <br>|  | 12863040 | &nbsp;&nbsp; $12863040 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $12,863,040) |  |  | &nbsp;&nbsp; 12863040 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $119,503,209)<br>| 101.9<br> %<br>|  | &nbsp;&nbsp; 118133314 |
| NET OTHER ASSETS (LIABILITIES) | (1.9<br> %)<br>|  | &nbsp;&nbsp; (2168671)<br>|
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $115964643 |

---

&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 June 30, 2025, these securities had a total value of $16,239,266 or 14% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at June 30, 2025, and the related index and spread are shown parenthetically for each security. |
| <sup>(c)</sup>When-Issued Security. Coupon rate is not in effect at June 30, 2025. |
| <sup>(d)</sup>Security is a payment in-kind bond, and unless otherwise noted in the description of the security, pays its entire coupon on an in-kind basis. |
| <sup>(e)</sup>Position is unsettled. Contract rate was not determined at June 30, 2025 and does not take effect until settlement date. |
| <sup>(f)</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>(g)</sup>Security valued pursuant to Level 3 unobservable inputs. |
| <sup>(h)</sup>Non-income producing security. |
| <sup>(i)</sup>7-day current yield as of June 30, 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**

**June 30, 2025 (Unaudited)** 

------

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 96.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada | 4.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of Nova Scotia (The) |  | 4948 | &nbsp;&nbsp; $273607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. |  | 3025 | &nbsp;&nbsp; 137172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suncor Energy, Inc. |  | 5076 | &nbsp;&nbsp; 190143 |
|  |  |  | &nbsp;&nbsp; 600922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Denmark | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlsberg A.S. - Class B |  | 1431 | &nbsp;&nbsp; 202752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vestas Wind Systems A/S |  | 9424 | &nbsp;&nbsp; 141380 |
|  |  |  | &nbsp;&nbsp; 344132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finland | 5.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortum OYJ |  | 14888 | &nbsp;&nbsp; 278668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nordea Bank Abp |  | 19551 | &nbsp;&nbsp; 290410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stora Enso OYJ - REG |  | 17213 | &nbsp;&nbsp; 187026 |
|  |  |  | &nbsp;&nbsp; 756104 |
| &nbsp;&nbsp;&nbsp;&nbsp; France | 8.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arkema S.A. |  | 2190 | &nbsp;&nbsp; 161361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas S.A. |  | 4271 | &nbsp;&nbsp; 383968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capgemini S.E. |  | 955 | &nbsp;&nbsp; 163173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCOR S.E. |  | 8677 | &nbsp;&nbsp; 286394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thales S.A. |  | 800 | &nbsp;&nbsp; 235213 |
|  |  |  | &nbsp;&nbsp; 1230109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 11.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BASF S.E. |  | 5164 | &nbsp;&nbsp; 254632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Continental A.G. |  | 3089 | &nbsp;&nbsp; 269627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deutsche Post A.G. |  | 4172 | &nbsp;&nbsp; 192694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fraport A.G. Frankfurt Airport Services Worldwide<sup>(a)</sup> <br>|  | 2707 | &nbsp;&nbsp; 203918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infineon Technologies A.G. |  | 5901 | &nbsp;&nbsp; 251038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rheinmetall A.G. |  | 205 | &nbsp;&nbsp; 433939 |
|  |  |  | &nbsp;&nbsp; 1605848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 3.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AIA Group Ltd. |  | 25885 | &nbsp;&nbsp; 232142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASMPT Ltd. |  | 16934 | &nbsp;&nbsp; 124147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jardine Matheson Holdings Ltd. |  | 4409 | &nbsp;&nbsp; 211897 |
|  |  |  | &nbsp;&nbsp; 568186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israel | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nice Ltd. - ADR<sup>(a)</sup> <br>|  | 946 | &nbsp;&nbsp; 159789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy | 7.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azimut Holding S.p.A. |  | 9604 | &nbsp;&nbsp; 307488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enel S.p.A. |  | 23480 | &nbsp;&nbsp; 222815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saipem S.p.A. |  | 66005 | &nbsp;&nbsp; 180770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Snam S.p.A. |  | 50660 | &nbsp;&nbsp; 306849 |
|  |  |  | &nbsp;&nbsp; 1017922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan | 14.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Komatsu Ltd. |  | 5850 | &nbsp;&nbsp; 192434 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY INTERNATIONAL VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Makita Corp. |  | 6826 | &nbsp;&nbsp; $211077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MINEBEA MITSUMI, Inc. |  | 11383 | &nbsp;&nbsp; 167301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MISUMI Group, Inc. |  | 11318 | &nbsp;&nbsp; 151766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Murata Manufacturing Co. Ltd. |  | 11756 | &nbsp;&nbsp; 175844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabtesco Corp. |  | 9568 | &nbsp;&nbsp; 171520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NIPPON EXPRESS HOLDINGS, Inc. |  | 7300 | &nbsp;&nbsp; 146629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Corp. |  | 13364 | &nbsp;&nbsp; 159156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omron Corp. |  | 7469 | &nbsp;&nbsp; 201967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Persol Holdings Co. Ltd. |  | 95354 | &nbsp;&nbsp; 186397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tosoh Corp. |  | 10311 | &nbsp;&nbsp; 151080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTO Ltd. |  | 8715 | &nbsp;&nbsp; 220046 |
|  |  |  | &nbsp;&nbsp; 2135217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jersey | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WPP PLC |  | 19161 | &nbsp;&nbsp; 134821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 23000 | &nbsp;&nbsp; 210235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 5.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABN AMRO Bank N.V. - C.V.A.<sup>(b)</sup> <br>|  | 10696 | &nbsp;&nbsp; 292809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akzo Nobel N.V. |  | 4020 | &nbsp;&nbsp; 281280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Randstad N.V. |  | 4102 | &nbsp;&nbsp; 189413 |
|  |  |  | &nbsp;&nbsp; 763502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norway | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aker BP ASA |  | 9497 | &nbsp;&nbsp; 242904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equinor ASA |  | 6922 | &nbsp;&nbsp; 175189 |
|  |  |  | &nbsp;&nbsp; 418093 |
| &nbsp;&nbsp;&nbsp;&nbsp; South Korea | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK Hynix, Inc. |  | 886 | &nbsp;&nbsp; 191695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sweden | 3.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boliden AB<sup>(a)</sup> <br>|  | 5890 | &nbsp;&nbsp; 183718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elekta AB - Class B |  | 27249 | &nbsp;&nbsp; 140783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Getinge AB - Class B |  | 9798 | &nbsp;&nbsp; 196459 |
|  |  |  | &nbsp;&nbsp; 520960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Julius Baer Group Ltd. |  | 5481 | &nbsp;&nbsp; 370535 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 20.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrica PLC |  | 116515 | &nbsp;&nbsp; 258374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemring Group PLC |  | 16948 | &nbsp;&nbsp; 131440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal & General Group PLC |  | 69321 | &nbsp;&nbsp; 242261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LondonMetric Property PLC |  | 78546 | &nbsp;&nbsp; 218867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M&G PLC |  | 77876 | &nbsp;&nbsp; 274724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mondi PLC |  | 13515 | &nbsp;&nbsp; 220668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Persimmon PLC |  | 13450 | &nbsp;&nbsp; 239269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QinetiQ Group PLC |  | 19389 | &nbsp;&nbsp; 137197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies Holding PLC |  | 7126 | &nbsp;&nbsp; 214564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smith & Nephew PLC |  | 16280 | &nbsp;&nbsp; 248719 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY INTERNATIONAL VALUE FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. James's Place PLC |  | 18145 | &nbsp;&nbsp; $294896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Chartered PLC |  | 24676 | &nbsp;&nbsp; 408829 |
|  |  |  | &nbsp;&nbsp; 2889808 |
| TOTAL COMMON STOCKS (Cost $11,350,097) |  |  | &nbsp;&nbsp; 13917878 |
| PREFERRED STOCKS | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Germany | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dr Ing hc F Porsche A.G., 3.55 %<sup>(b)(c)</sup> <br>|  | 4590 | &nbsp;&nbsp; 226761 |
| TOTAL PREFERRED STOCKS (Cost $352,012) |  |  | &nbsp;&nbsp; 226761 |
| SHORT-TERM INVESTMENTS | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(d)</sup> <br>|  | 87909 | &nbsp;&nbsp; 87909 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $87,909) |  |  | &nbsp;&nbsp; 87909 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $11,790,018)<br>| 98.3<br> %<br>|  | &nbsp;&nbsp; 14232548 |
| NET OTHER ASSETS (LIABILITIES) | 1.7<br> %<br>|  | &nbsp;&nbsp; 243635 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $14476183 |

---

&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 June 30, 2025, these securities had a total value of $519,570 or 4% 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 June 30, 2025 is disclosed. |

---

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

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

At June 30, 2025 the industry sectors (excluding short-term investments) for the Barrow Hanley International Value Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Financials  | 26.8% |
| Industrials  | 24.5  |
| Materials  | 10.0  |
| Information Technology  | &nbsp;&nbsp; 8.6  |
| Utilities  | &nbsp;&nbsp; 7.3  |
| Energy  | &nbsp;&nbsp; 6.4  |
| Health Care  | &nbsp;&nbsp; 5.1  |
| Consumer Discretionary  | &nbsp;&nbsp; 5.2  |
| Real Estate  | &nbsp;&nbsp; 1.5  |
| Consumer Staples  | &nbsp;&nbsp; 1.4  |
| Communication Services  | &nbsp;&nbsp; 0.9  |
| Total | &nbsp;&nbsp; 97.7% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| ASSET-BACKED SECURITIES | 5.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Asset-Backed Securities | 1.3<br> %<br>|  |  |
| &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; $160813 |
| &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; 221250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John Deere Owner Trust, Series 2022-A - Class A3<br> 2.32%, 09/15/26<br>|  | 27956 | &nbsp;&nbsp; 27877 |
| &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>|  | 63178 | &nbsp;&nbsp; 62973 |
| &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>|  | 204596 | &nbsp;&nbsp; 205257 |
| &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>|  | 127006 | &nbsp;&nbsp; 127350 |
| &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>|  | 961102 | &nbsp;&nbsp; 964335 |
| &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; 595951 |
|  |  |  | &nbsp;&nbsp; 2365806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust, Series 2022-2 - Class A3<br> 4.38%, 04/18/28<br>|  | 25563 | &nbsp;&nbsp; 25556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BMW Vehicle Owner Trust, Series 2022-A - Class A3<br> 3.21%, 08/25/26<br>|  | 6982 | &nbsp;&nbsp; 6969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Auto Receivables Trust, Series 2022-1 - Class A3<br> 3.31%, 11/15/26<br>|  | 16029 | &nbsp;&nbsp; 16007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Honda Auto Receivables Owner Trust, Series 2022-1 - Class A3<br> 1.88%, 05/15/26<br>|  | 38538 | &nbsp;&nbsp; 38460 |
| &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>|  | 177537 | &nbsp;&nbsp; 177733 |
| &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; 149275 |
| &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; 102006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BMW Vehicle Lease Trust, Series 2023-2 - Class A3<br> 5.99%, 09/25/26<br>|  | 304485 | &nbsp;&nbsp; 305557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust, Series 2024-1 - Class A2A<br> 5.75%, 02/18/28<br>|  | 585379 | &nbsp;&nbsp; 586691 |
| &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; 197381 |
| &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>|  | 286106 | &nbsp;&nbsp; 286801 |
| &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; 514854 |
| &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; 1316067 |
| &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; 496136 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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; GM Financial Automobile Leasing Trust, Series 2025-1 - Class A3<br> 4.66%, 02/21/28<br>|  | $865000 | &nbsp;&nbsp; $870766 |
| &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; 716360 |
| &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; 711813 |
| &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>|  | 480000 | &nbsp;&nbsp; 481154 |
|  |  |  | &nbsp;&nbsp; 6999586 |
| TOTAL ASSET-BACKED SECURITIES (Cost $9,321,097) |  |  | &nbsp;&nbsp; 9365392 |
| CORPORATE BONDS | 24.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 1.20%)<br> 2.48%, 09/21/36<sup>(b)</sup> <br>|  | 2675000 | &nbsp;&nbsp; 2266661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.<br> (Variable, U.S. SOFR + 2.06%)<br> 5.83%, 02/13/35<sup>(b)</sup> <br>|  | 2635000 | &nbsp;&nbsp; 2688660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.15%)<br> 6.50%, 04/01/30<sup>(b)(c)</sup> <br>|  | 975000 | &nbsp;&nbsp; 1006955 |
|  |  |  | &nbsp;&nbsp; 5962276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology & Pharmaceuticals | 2.6<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; 4.25%, 12/15/25<sup>(a)</sup> <br>|  | 645000 | &nbsp;&nbsp; 643185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/15/45<sup>(a)</sup> <br>|  | 1770000 | &nbsp;&nbsp; 1275453 |
| &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; 594545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/21/53<sup>(a)</sup> <br>|  | 1960000 | &nbsp;&nbsp; 2081466 |
|  |  |  | &nbsp;&nbsp; 4594649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable & Satellite | 1.3<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 |  | 525000 | &nbsp;&nbsp; 520191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/48 |  | 925000 | &nbsp;&nbsp; 841151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cox Communications, Inc.<br> 5.80%, 12/15/53<sup>(a)</sup> <br>|  | 930000 | &nbsp;&nbsp; 843459 |
|  |  |  | &nbsp;&nbsp; 2204801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Communications | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cox Communications, Inc.<br> 5.95%, 09/01/54<sup>(a)</sup> <br>|  | 2200000 | &nbsp;&nbsp; 2042427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 10.2<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; 1251616 |
| &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; 52856 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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>|  | $925000 | &nbsp;&nbsp; $973085 |
| &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>|  | 1390000 | &nbsp;&nbsp; 1410674 |
| &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; 455095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/38 |  | 125000 | &nbsp;&nbsp; 133208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 04/15/38 |  | 355000 | &nbsp;&nbsp; 379532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/15/49 |  | 305000 | &nbsp;&nbsp; 206075 |
| &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; 379173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/45 |  | 225000 | &nbsp;&nbsp; 185040 |
| &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; 942347 |
| &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; 96942 |
| &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; 272498 |
| &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>|  | 365000 | &nbsp;&nbsp; 377650 |
| &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 |  | 380000 | &nbsp;&nbsp; 358147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/34 |  | 785000 | &nbsp;&nbsp; 805201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/55 |  | 880000 | &nbsp;&nbsp; 880102 |
| &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; 380216 |
| &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; 99690 |
| &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; 107581 |
| &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 |  | 890000 | &nbsp;&nbsp; 675900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/53 |  | 570000 | &nbsp;&nbsp; 512329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/54 |  | 1110000 | &nbsp;&nbsp; 1020876 |
| &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 |  | 865000 | &nbsp;&nbsp; 877109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/30 |  | 1100000 | &nbsp;&nbsp; 1126046 |
| &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; 633581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 |  | 315000 | &nbsp;&nbsp; 318708 |
| &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>|  | 1045000 | &nbsp;&nbsp; 992046 |
| &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>|  | 785000 | &nbsp;&nbsp; 791625 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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; (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.14%)<br> 6.55%, 04/01/55<sup>(b)</sup> <br>|  | $360000 | &nbsp;&nbsp; $341372 |
| &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>|  | 645000 | &nbsp;&nbsp; 623928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; System Energy Resources, Inc.<br> 5.30%, 12/15/34<br>|  | 385000 | &nbsp;&nbsp; 380487 |
|  |  |  | &nbsp;&nbsp; 18040735 |
| &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; 844575 |
| &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; 357738 |
|  |  |  | &nbsp;&nbsp; 1202313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Markel Group, Inc.,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/20/49 |  | 765000 | &nbsp;&nbsp; 670714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 05/07/52 |  | 915000 | &nbsp;&nbsp; 615753 |
|  |  |  | &nbsp;&nbsp; 1286467 |
| &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; 531942 |
| &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; 69326 |
| &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; 120381 |
|  |  |  | &nbsp;&nbsp; 721649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agree L.P.<br> 5.60%, 06/15/35<br>|  | 2055000 | &nbsp;&nbsp; 2091810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc.<br> 3.55%, 03/15/52<br>|  | 350000 | &nbsp;&nbsp; 235393 |
|  |  |  | &nbsp;&nbsp; 2327203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 0.8<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>|  | 1390000 | &nbsp;&nbsp; 1454009 |
| &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; 95241 |
| &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; 37855 |
|  |  |  | &nbsp;&nbsp; 133096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 0.0 %<sup>(d)</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; 41119 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &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; $485236 |
| &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; 1126912 |
| &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; 1469987 |
|  |  |  | &nbsp;&nbsp; 2596899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.0 %<sup>(d)</sup><br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines Pass Through Trust, Series 2019-1 - Class AA<br> 3.15%, 02/15/32<br>|  | 72871 | &nbsp;&nbsp; 66917 |
| TOTAL CORPORATE BONDS (Cost $42,795,661) |  |  | &nbsp;&nbsp; 43159796 |
| FOREIGN ISSUER BONDS | 10.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 0.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nissan Motor Co. Ltd.<br> 4.81%, 09/17/30<sup>(a)</sup> <br>|  | 400000 | &nbsp;&nbsp; 366968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 1.6<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; 673587 |
| &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; 423112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc.<br> 07/08/46<sup>(e)</sup> <br>|  | 1830000 | &nbsp;&nbsp; 1828499 |
|  |  |  | &nbsp;&nbsp; 2925198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 0.6<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>|  | 1045000 | &nbsp;&nbsp; 989629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd.<br> 6.35%, 03/22/54<br>|  | 1015000 | &nbsp;&nbsp; 1027990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 2.4<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)(c)</sup> <br>|  | 1080000 | &nbsp;&nbsp; 1104040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, 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 + 2.97%)<br> 7.20%, 06/27/54<sup>(b)</sup> <br>|  | 850000 | &nbsp;&nbsp; 873242 |
| &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 + 3.12%)<br> 7.38%, 03/15/55<sup>(b)</sup> <br>|  | 2105000 | &nbsp;&nbsp; 2187069 |
|  |  |  | &nbsp;&nbsp; 4164351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Government | 3.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel Government International Bond,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/12/29 |  | 360000 | &nbsp;&nbsp; 366920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/12/34 |  | 1435000 | &nbsp;&nbsp; 1452094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/19/35 |  | 210000 | &nbsp;&nbsp; 213412 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Principal Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico Government International Bond,  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 07/02/32<sup>(e)</sup> <br>|  | $485000 | &nbsp;&nbsp; $490820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 08/14/41 |  | 1765000 | &nbsp;&nbsp; 1352519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 05/24/61 |  | 2545000 | &nbsp;&nbsp; 1498369 |
|  |  |  | &nbsp;&nbsp; 5374134 |
| &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; 1740643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc.<br> (Variable, U.S. Treasury Yield Curve Rate CMT 5Y + 2.62%)<br> 7.13%, 04/15/55<sup>(b)</sup> <br>|  | 2000000 | &nbsp;&nbsp; 2027207 |
| TOTAL FOREIGN ISSUER BONDS (Cost $18,455,521) |  |  | &nbsp;&nbsp; 18616120 |
| MORTGAGE-BACKED SECURITIES | 47.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH Mortgage Trust, Series 2024-PARK - Class A<br> (Floating, 1M CME Term SOFR + 1.64%, 1.64% Floor)<br> 5.95%, 03/15/39<sup>(a)(b)</sup> <br>|  | 1450000 | &nbsp;&nbsp; 1450904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2021-VOLT - Class A<br> (Floating, 1M CME Term SOFR + 0.81%, 0.70% Floor)<br> 5.13%, 09/15/36<sup>(a)(b)</sup> <br>|  | 532856 | &nbsp;&nbsp; 531190 |
|  |  |  | &nbsp;&nbsp; 1982094 |
| &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>|  | 109740 | &nbsp;&nbsp; 101219 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies | 46.5<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>|  | 4389 | &nbsp;&nbsp; 4511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AB6228<br> 3.50%, 09/01/42<br>|  | 84229 | &nbsp;&nbsp; 79015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AD4062<br> 5.00%, 05/01/40<br>|  | 4853 | &nbsp;&nbsp; 4913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AL2752<br> 5.00%, 03/01/42<br>|  | 54027 | &nbsp;&nbsp; 54699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS5469<br> 4.00%, 07/01/45<br>|  | 138443 | &nbsp;&nbsp; 131400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS5597<br> 3.50%, 08/01/45<br>|  | 59681 | &nbsp;&nbsp; 55368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS7170<br> 3.50%, 05/01/46<br>|  | 69120 | &nbsp;&nbsp; 63783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS7242<br> 3.50%, 05/01/46<br>|  | 60952 | &nbsp;&nbsp; 56232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS8299<br> 3.00%, 11/01/46<br>|  | 238063 | &nbsp;&nbsp; 213307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS8947<br> 3.50%, 03/01/47<br>|  | 126830 | &nbsp;&nbsp; 116931 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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 #AS9772<br> 3.50%, 06/01/37<br>|  | $76344 | &nbsp;&nbsp; $73762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AS9988<br> 4.50%, 07/01/47<br>|  | 32394 | &nbsp;&nbsp; 31512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #AU1625<br> 3.50%, 07/01/43<br>|  | 79766 | &nbsp;&nbsp; 74646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BC4764<br> 3.00%, 10/01/46<br>|  | 80019 | &nbsp;&nbsp; 70983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BC9468<br> 3.00%, 06/01/46<br>|  | 166478 | &nbsp;&nbsp; 148001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BH8279<br> 3.50%, 09/01/47<br>|  | 103771 | &nbsp;&nbsp; 95472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BM1150<br> 3.00%, 12/01/46<br>|  | 91315 | &nbsp;&nbsp; 81367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BN6625<br> 3.50%, 05/01/49<br>|  | 638520 | &nbsp;&nbsp; 590266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BO3007<br> 3.00%, 10/01/34<br>|  | 27120 | &nbsp;&nbsp; 26160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BU1322<br> 2.50%, 02/01/52<br>|  | 2645208 | &nbsp;&nbsp; 2220885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #BV9960<br> 4.00%, 06/01/52<br>|  | 864568 | &nbsp;&nbsp; 809052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA1563<br> 4.50%, 04/01/48<br>|  | 24340 | &nbsp;&nbsp; 23563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA2055<br> 4.50%, 07/01/48<br>|  | 68632 | &nbsp;&nbsp; 66744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA4372<br> 4.50%, 10/01/49<br>|  | 35310 | &nbsp;&nbsp; 34219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA4569<br> 4.00%, 11/01/49<br>|  | 175174 | &nbsp;&nbsp; 165088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA6645<br> 3.00%, 08/01/50<br>|  | 159628 | &nbsp;&nbsp; 139681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CA6951<br> 2.50%, 09/01/50<br>|  | 177938 | &nbsp;&nbsp; 149291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB0855<br> 3.00%, 06/01/51<br>|  | 91324 | &nbsp;&nbsp; 79737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB1384<br> 2.50%, 08/01/51<br>|  | 3143324 | &nbsp;&nbsp; 2637520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB2857<br> 2.50%, 02/01/52<br>|  | 946009 | &nbsp;&nbsp; 795829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB3486<br> 3.50%, 05/01/52<br>|  | 444161 | &nbsp;&nbsp; 401296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB3878<br> 5.00%, 06/01/52<br>|  | 446268 | &nbsp;&nbsp; 442640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #CB7980<br> 5.50%, 02/01/54<br>|  | 1465018 | &nbsp;&nbsp; 1474351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #DA2948<br> 5.50%, 10/01/53<br>|  | 1377236 | &nbsp;&nbsp; 1378274 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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>|  | $184490 | &nbsp;&nbsp; $180010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4053<br> 2.50%, 08/01/50<br>|  | 138899 | &nbsp;&nbsp; 116792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4638<br> 2.50%, 10/01/50<br>|  | 86733 | &nbsp;&nbsp; 72603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4720<br> 3.00%, 10/01/50<br>|  | 110596 | &nbsp;&nbsp; 97141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4828<br> 3.00%, 11/01/50<br>|  | 1040900 | &nbsp;&nbsp; 907603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM4901<br> 2.00%, 11/01/35<br>|  | 94344 | &nbsp;&nbsp; 86835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM5204<br> 2.00%, 12/01/35<br>|  | 87544 | &nbsp;&nbsp; 80477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM5537<br> 2.00%, 01/01/36<br>|  | 226045 | &nbsp;&nbsp; 207790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM6943<br> 2.00%, 04/01/51<br>|  | 376589 | &nbsp;&nbsp; 303192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM7377<br> 3.00%, 05/01/51<br>|  | 193110 | &nbsp;&nbsp; 169726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM7708<br> 3.50%, 06/01/51<br>|  | 224071 | &nbsp;&nbsp; 202779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM8787<br> 2.50%, 10/01/51<br>|  | 2897085 | &nbsp;&nbsp; 2433091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FM9765<br> 3.00%, 11/01/51<br>|  | 210939 | &nbsp;&nbsp; 182907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1564<br> 2.00%, 04/01/51<br>|  | 301116 | &nbsp;&nbsp; 238479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1704<br> 4.00%, 05/01/52<br>|  | 163731 | &nbsp;&nbsp; 153523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS1807<br> 3.50%, 07/01/51<br>|  | 294895 | &nbsp;&nbsp; 268424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3071<br> 3.00%, 07/01/52<br>|  | 2527522 | &nbsp;&nbsp; 2214119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3159<br> 4.50%, 10/01/52<br>|  | 746616 | &nbsp;&nbsp; 718103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3533<br> 2.00%, 01/01/52<br>|  | 438586 | &nbsp;&nbsp; 352501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS3744<br> 2.00%, 07/01/51<br>|  | 2798460 | &nbsp;&nbsp; 2232032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4075<br> 5.00%, 04/01/53<br>|  | 741373 | &nbsp;&nbsp; 731914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4621<br> 5.00%, 06/01/53<br>|  | 268520 | &nbsp;&nbsp; 266228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS4624<br> 2.50%, 11/01/51<br>|  | 310508 | &nbsp;&nbsp; 259138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS5044<br> 4.50%, 06/01/53<br>|  | 1837414 | &nbsp;&nbsp; 1778162 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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>|  | $2361920 | &nbsp;&nbsp; $1887309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS6787<br> 6.00%, 01/01/54<br>|  | 1486974 | &nbsp;&nbsp; 1526127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS8138<br> 6.50%, 06/01/54<br>|  | 584842 | &nbsp;&nbsp; 609571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS8291<br> 5.50%, 07/01/53<br>|  | 2127889 | &nbsp;&nbsp; 2144519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS9085<br> 3.00%, 12/01/51<br>|  | 1095554 | &nbsp;&nbsp; 951425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #FS9456<br> 5.50%, 11/01/54<br>|  | 1630636 | &nbsp;&nbsp; 1634976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA1870<br> 4.50%, 04/01/34<br>|  | 48151 | &nbsp;&nbsp; 48267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA3101<br> 4.50%, 08/01/47<br>|  | 71436 | &nbsp;&nbsp; 69565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4327<br> 3.00%, 05/01/51<br>|  | 163685 | &nbsp;&nbsp; 142853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4475<br> 2.50%, 11/01/41<br>|  | 180274 | &nbsp;&nbsp; 160770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA4841<br> 5.00%, 12/01/52<br>|  | 2261070 | &nbsp;&nbsp; 2229316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Pool #MA5039<br> 5.50%, 06/01/53<br>|  | 210652 | &nbsp;&nbsp; 210963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #G60990<br> 3.00%, 04/01/47<br>|  | 306490 | &nbsp;&nbsp; 267945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #G61281<br> 3.50%, 01/01/48<br>|  | 90535 | &nbsp;&nbsp; 83158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #J25557<br> 3.50%, 09/01/28<br>|  | 19672 | &nbsp;&nbsp; 19416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #J37949<br> 3.00%, 11/01/32<br>|  | 56773 | &nbsp;&nbsp; 55186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Gold Pool #Q55227<br> 4.00%, 04/01/48<br>|  | 110999 | &nbsp;&nbsp; 104298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #QD1484<br> 2.50%, 11/01/51<br>|  | 350077 | &nbsp;&nbsp; 294632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #QK1511<br> 3.50%, 05/01/42<br>|  | 313616 | &nbsp;&nbsp; 294754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RA2970<br> 2.50%, 07/01/50<br>|  | 653440 | &nbsp;&nbsp; 547614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RA4218<br> 2.50%, 12/01/50<br>|  | 91136 | &nbsp;&nbsp; 76621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5126<br> 2.50%, 09/01/41<br>|  | 218813 | &nbsp;&nbsp; 195321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5136<br> 2.50%, 11/01/41<br>|  | 199409 | &nbsp;&nbsp; 177835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RB5170<br> 4.00%, 06/01/42<br>|  | 1098530 | &nbsp;&nbsp; 1060032 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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 #RC1421<br> 2.50%, 06/01/35<br>|  | $490133 | &nbsp;&nbsp; $459399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #RJ1265<br> 5.50%, 04/01/54<br>|  | 2270088 | &nbsp;&nbsp; 2276131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD1061<br> 2.50%, 05/01/52<br>|  | 181146 | &nbsp;&nbsp; 152006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD1836<br> 2.00%, 02/01/52<br>|  | 380079 | &nbsp;&nbsp; 303701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3511<br> 6.00%, 08/01/53<br>|  | 1334275 | &nbsp;&nbsp; 1359094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3669<br> 5.50%, 09/01/53<br>|  | 677160 | &nbsp;&nbsp; 685420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD3824<br> 6.00%, 03/01/53<br>|  | 1021090 | &nbsp;&nbsp; 1052990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4227<br> 4.50%, 05/01/53<br>|  | 1935743 | &nbsp;&nbsp; 1855308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4495<br> 6.00%, 12/01/53<br>|  | 179340 | &nbsp;&nbsp; 183552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD4901<br> 5.50%, 02/01/54<br>|  | 1282727 | &nbsp;&nbsp; 1287346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD5092<br> 5.00%, 08/01/53<br>|  | 1319743 | &nbsp;&nbsp; 1298130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD5223<br> 6.00%, 04/01/54<br>|  | 1009243 | &nbsp;&nbsp; 1033695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6046<br> 6.00%, 08/01/54<br>|  | 1593585 | &nbsp;&nbsp; 1630316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6260<br> 5.00%, 09/01/54<br>|  | 1706400 | &nbsp;&nbsp; 1682523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD6548<br> 5.50%, 10/01/54<br>|  | 1624669 | &nbsp;&nbsp; 1633264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD8090<br> 2.00%, 09/01/50<br>|  | 734530 | &nbsp;&nbsp; 586312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD8199<br> 2.00%, 03/01/52<br>|  | 835343 | &nbsp;&nbsp; 662988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SD8267<br> 5.00%, 11/01/52<br>|  | 2872911 | &nbsp;&nbsp; 2829274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Pool #SL1016<br> 5.50%, 05/01/55<br>|  | 2373415 | &nbsp;&nbsp; 2383683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae I Pool #723248<br> 5.00%, 10/15/39<br>|  | 80066 | &nbsp;&nbsp; 81124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae I Pool #783403<br> 3.50%, 09/15/41<br>|  | 115419 | &nbsp;&nbsp; 107742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #CE1974<br> 3.00%, 08/20/51<br>|  | 220779 | &nbsp;&nbsp; 197826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA4778<br> 3.50%, 10/20/47<br>|  | 49631 | &nbsp;&nbsp; 45850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA4901<br> 4.00%, 12/20/47<br>|  | 49112 | &nbsp;&nbsp; 46245 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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 #MA4963<br> 4.00%, 01/20/48<br>|  | $21582 | &nbsp;&nbsp; $20310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6413<br> 5.00%, 01/20/50<br>|  | 136500 | &nbsp;&nbsp; 136248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6477<br> 4.50%, 02/20/50<br>|  | 47098 | &nbsp;&nbsp; 45764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6545<br> 5.00%, 03/20/50<br>|  | 28503 | &nbsp;&nbsp; 28457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA6598<br> 2.50%, 04/20/50<br>|  | 229262 | &nbsp;&nbsp; 195456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7418<br> 2.50%, 06/20/51<br>|  | 230393 | &nbsp;&nbsp; 195840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7419<br> 3.00%, 06/20/51<br>|  | 1538989 | &nbsp;&nbsp; 1362816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7472<br> 2.50%, 07/20/51<br>|  | 484463 | &nbsp;&nbsp; 411805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7705<br> 2.50%, 11/20/51<br>|  | 708715 | &nbsp;&nbsp; 602419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7768<br> 3.00%, 12/20/51<br>|  | 1614784 | &nbsp;&nbsp; 1428935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7829<br> 3.50%, 01/20/52<br>|  | 162618 | &nbsp;&nbsp; 148489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7939<br> 4.00%, 03/20/52<br>|  | 1477576 | &nbsp;&nbsp; 1380402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA7987<br> 2.50%, 04/20/52<br>|  | 1010735 | &nbsp;&nbsp; 859136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8268<br> 4.50%, 09/20/52<br>|  | 660956 | &nbsp;&nbsp; 638126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8800<br> 5.00%, 04/20/53<br>|  | 2221709 | &nbsp;&nbsp; 2195012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8874<br> 3.00%, 05/20/53<br>|  | 942035 | &nbsp;&nbsp; 841734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA8943<br> 3.00%, 06/20/53<br>|  | 1512900 | &nbsp;&nbsp; 1338726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MA9017<br> 5.50%, 07/20/53<br>|  | 2229475 | &nbsp;&nbsp; 2243852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MB0091<br> 5.00%, 12/20/54<br>|  | 1412939 | &nbsp;&nbsp; 1388778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ginnie Mae II Pool #MB0366<br> 5.50%, 05/20/55<br>|  | 344223 | &nbsp;&nbsp; 344885 |
| &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>|  | 576561 | &nbsp;&nbsp; 578002 |
|  |  |  | &nbsp;&nbsp; 82055651 |
| TOTAL MORTGAGE-BACKED SECURITIES (Cost $84,223,247) |  |  | &nbsp;&nbsp; 84138964 |
| U.S. GOVERNMENT OBLIGATIONS | 11.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes,<br> 0.25%, 08/31/25<br>|  | 16530000 | &nbsp;&nbsp; 16414096 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY TOTAL RETURN BOND FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 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> 4.38%, 05/15/34<br>|  | $1180000 | &nbsp;&nbsp; $1198391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Notes,<br> 4.88%, 04/30/26<br>|  | 2155000 | &nbsp;&nbsp; 2168469 |
| TOTAL U.S. GOVERNMENT OBLIGATIONS (Cost $19,766,496) |  |  | &nbsp;&nbsp; 19780956 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| SHORT-TERM INVESTMENTS | 0.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(f)</sup> <br>|  | 862353 | &nbsp;&nbsp; 862353 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $862,353) |  |  | &nbsp;&nbsp; 862353 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $175,424,375)<br>| 99.7<br> %<br>|  | &nbsp;&nbsp; 175923581 |
| NET OTHER ASSETS (LIABILITIES) | 0.3<br> %<br>|  | &nbsp;&nbsp; 551330 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $176474911 |

---

&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 June 30, 2025, these securities had a total value of $16,951,569 or 10% of net assets.<br>|
| <sup>(b)</sup>Variable or floating rate security. The rate presented is the rate in effect at June 30, 2025, and the related index and spread are shown parenthetically for each security. |
| <sup>(c)</sup>Perpetual bond. Maturity date represents next call date. |
| <sup>(d)</sup>Amount rounds to less than 0.05%. |
| <sup>(e)</sup>When-Issued Security. Coupon rate is not in effect at June 30, 2025. |
| <sup>(f)</sup>7-day current yield as of June 30, 2025 is disclosed. |

---

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

Abbreviations: <br> SOFR – Secured Overnight Financing Rate

At June 30, 2025 the Barrow Hanley Total Return Bond Fund's investments were concentrated as follows:

---

| | |
|:---|:---|
| **Fixed Income Credit Ratings** | **% of Net Assets** |
| AAA  | 51.0% |
| AA  | 11.2  |
| AA-  | &nbsp;&nbsp; 0.0  |
| A+  | &nbsp;&nbsp; 0.1  |
| A  | &nbsp;&nbsp; 5.4  |
| A-  | &nbsp;&nbsp; 0.6  |
| BBB+  | &nbsp;&nbsp; 6.5  |
| BBB  | 13.1  |
| BBB-  | &nbsp;&nbsp; 7.7  |
| BB+  | &nbsp;&nbsp; 0.3  |
| BB  | &nbsp;&nbsp; 1.3  |
| Cash equivalents  | &nbsp;&nbsp; 0.5  |
| N/A  | &nbsp;&nbsp; 2.0  |
| Total | 99.7% |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 98.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aptiv PLC<sup>(a)</sup> <br>|  | 17649 | &nbsp;&nbsp; $1204015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 7.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. |  | 25327 | &nbsp;&nbsp; 2029199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. |  | 49644 | &nbsp;&nbsp; 2349154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comerica, Inc. |  | 21924 | &nbsp;&nbsp; 1307767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Alliance Bancorp |  | 17223 | &nbsp;&nbsp; 1343049 |
|  |  |  | &nbsp;&nbsp; 7029169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beverages | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr. Pepper, Inc. |  | 50937 | &nbsp;&nbsp; 1683977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology & Pharmaceuticals | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. |  | 18148 | &nbsp;&nbsp; 1436596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanofi S.A. - ADR |  | 26862 | &nbsp;&nbsp; 1297703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc.<sup>(a)</sup> <br>|  | 86732 | &nbsp;&nbsp; 1238533 |
|  |  |  | &nbsp;&nbsp; 3972832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. |  | 5265 | &nbsp;&nbsp; 1485046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd.<sup>(a)</sup> <br>|  | 39830 | &nbsp;&nbsp; 1182553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. |  | 15041 | &nbsp;&nbsp; 1031662 |
|  |  |  | &nbsp;&nbsp; 3699261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | 2.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Knife River Corp.<sup>(a)</sup> <br>|  | 11372 | &nbsp;&nbsp; 928410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CRH PLC |  | 13357 | &nbsp;&nbsp; 1226173 |
|  |  |  | &nbsp;&nbsp; 2154583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 6.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. |  | 20863 | &nbsp;&nbsp; 1734133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. |  | 44449 | &nbsp;&nbsp; 1633056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy, Inc. |  | 23153 | &nbsp;&nbsp; 1576719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. |  | 17180 | &nbsp;&nbsp; 1537095 |
|  |  |  | &nbsp;&nbsp; 6481003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 7.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Littelfuse, Inc. |  | 4803 | &nbsp;&nbsp; 1088984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC |  | 19644 | &nbsp;&nbsp; 2074799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortive Corp. |  | 15968 | &nbsp;&nbsp; 832412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BWX Technologies, Inc. |  | 10167 | &nbsp;&nbsp; 1464658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. - Class A |  | 15230 | &nbsp;&nbsp; 1955685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ralliant Corp.<sup>(a)</sup> <br>|  | 5323 | &nbsp;&nbsp; 258096 |
|  |  |  | &nbsp;&nbsp; 7674634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AECOM |  | 14305 | &nbsp;&nbsp; 1614462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TopBuild Corp.<sup>(a)</sup> <br>|  | 2471 | &nbsp;&nbsp; 799962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Everus Construction Group, Inc.<sup>(a)</sup> <br>|  | 29119 | &nbsp;&nbsp; 1849930 |
|  |  |  | &nbsp;&nbsp; 4264354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment Content | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc. |  | 7812 | &nbsp;&nbsp; 1247576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warner Music Group Corp. - Class A |  | 46898 | &nbsp;&nbsp; 1277502 |
|  |  |  | &nbsp;&nbsp; 2525078 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas & Water Utilities | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. |  | 89249 | &nbsp;&nbsp; $1487781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. |  | 4278 | &nbsp;&nbsp; 1334607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. |  | 2805 | &nbsp;&nbsp; 1091033 |
|  |  |  | &nbsp;&nbsp; 2425640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. - Class A |  | 9207 | &nbsp;&nbsp; 1018386 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Support Services | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO International, Inc. |  | 5497 | &nbsp;&nbsp; 1018044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Financial Services | 1.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. |  | 20836 | &nbsp;&nbsp; 1139521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 5.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Willis Towers Watson PLC |  | 5026 | &nbsp;&nbsp; 1540469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American International Group, Inc. |  | 15990 | &nbsp;&nbsp; 1368584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chubb Ltd. |  | 4270 | &nbsp;&nbsp; 1237104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allstate (The) Corp. |  | 4511 | &nbsp;&nbsp; 908110 |
|  |  |  | &nbsp;&nbsp; 5054267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet Media & Services | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. - Class C |  | 7781 | &nbsp;&nbsp; 1380272 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 3.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. - Class A<sup>(a)</sup> <br>|  | 4115 | &nbsp;&nbsp; 1961621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. - Class A |  | 15744 | &nbsp;&nbsp; 1228504 |
|  |  |  | &nbsp;&nbsp; 3190125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 5.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Ltd. |  | 16090 | &nbsp;&nbsp; 1507150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp.<sup>(a)</sup> <br>|  | 86132 | &nbsp;&nbsp; 2422032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Parks & Resorts, Inc.<sup>(a)</sup> <br>|  | 25526 | &nbsp;&nbsp; 1203551 |
|  |  |  | &nbsp;&nbsp; 5132733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 2.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medtronic PLC |  | 19342 | &nbsp;&nbsp; 1686042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avantor, Inc.<sup>(a)</sup> <br>|  | 85691 | &nbsp;&nbsp; 1153401 |
|  |  |  | &nbsp;&nbsp; 2839443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 6.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. |  | 18049 | &nbsp;&nbsp; 1945682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. |  | 10106 | &nbsp;&nbsp; 1447078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 |  | 11527 | &nbsp;&nbsp; 1375171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enbridge, Inc. |  | 23254 | &nbsp;&nbsp; 1053872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Corp. |  | 76082 | &nbsp;&nbsp; 1036237 |
|  |  |  | &nbsp;&nbsp; 6858040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas Services & Equipment | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halliburton Co. |  | 39086 | &nbsp;&nbsp; 796573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 6.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. |  | 6558 | &nbsp;&nbsp; 970650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. |  | 14543 | &nbsp;&nbsp; 1528760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Storage |  | 4239 | &nbsp;&nbsp; 1243807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp. |  | 4561 | &nbsp;&nbsp; 1071105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VICI Properties, Inc. |  | 45003 | &nbsp;&nbsp; 1467098 |
|  |  |  | &nbsp;&nbsp; 6281420 |

---

------

**BARROW HANLEY FUNDS**

**BARROW HANLEY US VALUE OPPORTUNITIES FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 4.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. |  | 22375 | &nbsp;&nbsp; $1574529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. |  | 9663 | &nbsp;&nbsp; 1538929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris, Inc. |  | 16454 | &nbsp;&nbsp; 1327015 |
|  |  |  | &nbsp;&nbsp; 4440473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 3.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. |  | 7501 | &nbsp;&nbsp; 1639944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nice Ltd. - ADR<sup>(a)</sup> <br>|  | 9995 | &nbsp;&nbsp; 1688255 |
|  |  |  | &nbsp;&nbsp; 3328199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 7.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Co. |  | 5322 | &nbsp;&nbsp; 1697612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. |  | 8644 | &nbsp;&nbsp; 1839097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. |  | 21730 | &nbsp;&nbsp; 1769039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SLM Corp. |  | 53591 | &nbsp;&nbsp; 1757249 |
|  |  |  | &nbsp;&nbsp; 7062997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ciena Corp.<sup>(a)</sup> <br>|  | 18503 | &nbsp;&nbsp; 1504849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tobacco & Cannabis | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International, Inc. |  | 9508 | &nbsp;&nbsp; 1731692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. |  | 5214 | &nbsp;&nbsp; 748730 |
| TOTAL COMMON STOCKS (Cost $78,875,338) |  |  | &nbsp;&nbsp; 98128091 |
| MASTER LIMITED PARTNERSHIPS | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Oil & Gas Supply Chain | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plains GP Holdings L.P. - Class A<sup>(a)</sup> <br>|  | 51080 | &nbsp;&nbsp; 992484 |
| TOTAL MASTER LIMITED PARTNERSHIPS (Cost $822,007) |  |  | &nbsp;&nbsp; 992484 |
| SHORT-TERM INVESTMENTS | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(b)</sup> <br>|  | 851233 | &nbsp;&nbsp; 851233 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $851,233) |  |  | &nbsp;&nbsp; 851233 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $80,548,578)<br>| 99.9<br> %<br>|  | &nbsp;&nbsp; 99971808 |
| NET OTHER ASSETS (LIABILITIES) | 0.1<br> %<br>|  | &nbsp;&nbsp; 98408 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $100070216 |

---

&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 June 30, 2025 is disclosed.

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

Abbreviations: <br> ADR – American Depositary Receipt

------

## 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 Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000084918

- **c. LEI of Series:** 254900ACK4902XAY5L92

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $176405910.52

**Total Liabilities:** $607284.73

**Net Assets:** $175798625.79

**Delayed Delivery Securities:** $484752.65

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 137.810544546829 | **1-Year:** 1846.176492736169 | **5-Year:** 21009.399931212017 | **10-Year:** 48143.068586022972 | **30-Year:** 19129.958850038860

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 206.733270987671 | **10-Year:** 1377.778017722848 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249640 | -0.15%               | -0.25%               | 1.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11054.22               | $-937617.16                                |
| Month 2  | $-215312.37              | $-1007674.11                               |
| Month 3  | $-49097.15               | $2536903.02                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal National Mortgage Association                                                | FN BN6625                                   | CUSIP: 3140JPLF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    638520 | PA      | $590265.56    | 0.34%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G60990                                   | CUSIP: 31335BC38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    306490 | PA      | $267945.51    | 0.15%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 5.4 03/15/35                            | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318708.15    | 0.18%             | 2035-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 5.85 07/02/32                           | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    485000 | PA      | $490820.00    | 0.28%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG Q55227                                   | CUSIP: 3132XXYZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    110999 | PA      | $104298.09    | 0.06%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Company                                                            | AEP 4.5 03/01/49 Y                          | CUSIP: 037735CX3<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1251616.24   | 0.71%             | 2049-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN UW TR 2025-A                                                          | SFUEL 2025-AA A2                            | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $481153.87    | 0.27%             | 2027-07-20      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| WORLD OMI AUTO SEC TR 2025-A                                                         | WOLS 2025-A A3                              | CUSIP: 98164PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | PA      | $496135.53    | 0.28%             | 2028-04-17      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Entergy Mississippi LLC                                                              | ETR 5.8 04/15/55                            | CUSIP: 29366WAG1<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |    380000 | PA      | $380215.75    | 0.22%             | 2055-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH8279                                   | CUSIP: 3140GXFV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    103771 | PA      | $95472.40     | 0.05%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL1016                                   | CUSIP: 31427NDW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2373415 | PA      | $2383683.49   | 1.36%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                          | PNW 4.9 05/15/28                            | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    865000 | PA      | $877109.17    | 0.50%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Agree LP                                                                             | ADC 5.6 06/15/35                            | CUSIP: 008513AF0<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2091809.96   | 1.19%             | 2035-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL2752                                   | CUSIP: 3138EKBW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     54027 | PA      | $54698.92     | 0.03%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA1563                                   | CUSIP: 3140Q8WZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24340 | PA      | $23563.22     | 0.01%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                                                                     | MKL 5 05/20/49                              | CUSIP: 570535AT1<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    765000 | PA      | $670714.23    | 0.38%             | 2049-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                          | PNW 5.15 05/15/30                           | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1126046.37   | 0.64%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 4.15 02/15/50                        | CUSIP: 695114CV8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    890000 | PA      | $675900.42    | 0.38%             | 2050-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MB0366                                   | CUSIP: 3618N5MQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    344223 | PA      | $344884.78    | 0.20%             | 2055-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                               | ISPIM V4.198 06/01/32                       | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    460000 | PA      | $423112.11    | 0.24%             | 2032-06-01      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7419                                   | CUSIP: 36179WG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1538989 | PA      | $1362815.64   | 0.78%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7708                                   | CUSIP: 3140XBR69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    224071 | PA      | $202778.70    | 0.12%             | 2051-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                | BELL 2021-1A A2II                           | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176850 | PA      | $160812.73    | 0.09%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4475                                   | CUSIP: 31418D6M9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180274 | PA      | $160769.64    | 0.09%             | 2041-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7418                                   | CUSIP: 36179WG36<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    230393 | PA      | $195840.22    | 0.11%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.                                                    | FNF 3.2 09/17/51                            | CUSIP: 31620RAL9<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    155000 | PA      | $95240.97     | 0.05%             | 2051-09-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8199                                   | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    835343 | PA      | $662987.61    | 0.38%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM4053                                   | CUSIP: 3140X7QF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    138899 | PA      | $116792.22    | 0.07%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RB5126                                   | CUSIP: 3133KYVT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    218813 | PA      | $195320.60    | 0.11%             | 2041-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.482 09/21/36                         | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2266660.66   | 1.29%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES                                                   | GMREV 2021-1 A                              | CUSIP: 36263HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $149275.46    | 0.08%             | 2034-06-12      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                         | BX 2021-VOLT A                              | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    532855 | PA      | $531190.30    | 0.30%             | 2036-09-15      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB0855                                   | CUSIP: 3140QK5R5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91324 | PA      | $79736.74     | 0.05%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 CE1974                                   | CUSIP: 3617VQFP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    220779 | PA      | $197825.64    | 0.11%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7472                                   | CUSIP: 36179WJR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    484463 | PA      | $411805.00    | 0.23%             | 2051-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4778                                   | CUSIP: 36179TJX4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49631 | PA      | $45849.64     | 0.03%             | 2047-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA4569                                   | CUSIP: 3140QCCF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175174 | PA      | $165087.84    | 0.09%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.875 04/30/26                            | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2155000 | PA      | $2168468.75   | 1.23%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8299                                   | CUSIP: 3138WJGH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    238063 | PA      | $213306.78    | 0.12%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 3.95 03/01/48                           | CUSIP: 341081FQ5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    125000 | PA      | $99689.46     | 0.06%             | 2048-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                              | AAL 3.15 02/15/32 AA                        | CUSIP: 02377LAA2<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |     72871 | PA      | $66917.31     | 0.04%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA4372                                   | CUSIP: 3140QB2E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35310 | PA      | $34218.85     | 0.02%             | 2049-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    862353 | NS      | $862352.98    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                    | SMPINF 3.25 01/15/32 144A                   | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    420000 | PA      | $357737.78    | 0.20%             | 2032-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| GM FINL AUTO LEASING TR 2025-1                                                       | GMALT 2025-1 A3                             | CUSIP: 36271VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    865000 | PA      | $870766.44    | 0.50%             | 2028-02-21      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| COMPASS DATACENTERS ISSUER                                                           | CMDC 2025-1A A2                             | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590000 | PA      | $595951.51    | 0.34%             | 2050-02-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | AER V6.95 03/10/55                          | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |   1675000 | PA      | $1740642.28   | 0.99%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                                | ETR 4 03/15/33                              | CUSIP: 29364WBA5<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    380000 | PA      | $358147.27    | 0.20%             | 2033-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.375 05/15/34                            | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1180000 | PA      | $1198391.41   | 0.68%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS8291                                   | CUSIP: 3140XQF93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2127889 | PA      | $2144518.91   | 1.22%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6413                                   | CUSIP: 36179VDS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    136500 | PA      | $136248.01    | 0.08%             | 2050-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1704                                   | CUSIP: 3140XG3N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163731 | PA      | $153523.38    | 0.09%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM1306                                   | CUSIP: 3140X4NY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184490 | PA      | $180010.18    | 0.10%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD4495                                   | CUSIP: 3132E07G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    179340 | PA      | $183551.82    | 0.10%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 05/15/54                            | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1755000 | PA      | $1704543.75   | 0.97%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN V7.125 04/15/55                       | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2027207.10   | 1.15%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 5.625 02/19/35 10Y                   | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    210000 | PA      | $213411.97    | 0.12%             | 2035-02-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 3.2 08/15/49                            | CUSIP: 26442CAZ7<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    305000 | PA      | $206075.24    | 0.12%             | 2049-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6477                                   | CUSIP: 36179VFS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     47098 | PA      | $45764.28     | 0.03%             | 2050-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1384                                   | CUSIP: 3140QLRE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3143324 | PA      | $2637519.56   | 1.50%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 5.95 09/01/54 144A                   | CUSIP: 224044CV7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2042426.39   | 1.16%             | 2054-09-01      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4901                                   | CUSIP: 36179TNS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49111 | PA      | $46245.31     | 0.03%             | 2047-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BO3007                                   | CUSIP: 3140JXKV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27120 | PA      | $26159.90     | 0.01%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6545                                   | CUSIP: 36179VHW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28503 | PA      | $28456.79     | 0.02%             | 2050-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                  | ETR 2.8 06/15/30                            | CUSIP: 29364GAL7<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    295000 | PA      | $272497.50    | 0.16%             | 2030-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RC1421                                   | CUSIP: 3133L7SJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    490133 | PA      | $459399.11    | 0.26%             | 2035-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM4638                                   | CUSIP: 3140X8EL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86733 | PA      | $72602.80     | 0.04%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6645                                   | CUSIP: 3140QEL34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    159628 | PA      | $139681.18    | 0.08%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-2                                      | AMCAR 2022-2 A3                             | CUSIP: 03065WAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25563 | PA      | $25555.56     | 0.01%             | 2028-04-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8800                                   | CUSIP: 36179XX50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2221709 | PA      | $2195012.49   | 1.25%             | 2053-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB3486                                   | CUSIP: 3140QN2U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    444161 | PA      | $401296.35    | 0.23%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.827 02/13/35                           | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2635000 | PA      | $2688660.27   | 1.53%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6951                                   | CUSIP: 3140QEWM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    177938 | PA      | $149290.97    | 0.08%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RB5170                                   | CUSIP: 3133KYW70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1098530 | PA      | $1060031.59   | 0.60%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3159                                   | CUSIP: 3140XJQM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    746616 | PA      | $718102.58    | 0.41%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance LLC                                                                 | BAYNGR 6.875 11/21/53 144A                  | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $2081465.86   | 1.18%             | 2053-11-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN V7.375 03/15/55                       | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2105000 | PA      | $2187069.63   | 1.24%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS8138                                   | CUSIP: 3140XQBG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    584842 | PA      | $609571.38    | 0.35%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6598                                   | CUSIP: 36179VKK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    229262 | PA      | $195455.88    | 0.11%             | 2050-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8090                                   | CUSIP: 3132DV7B5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    734530 | PA      | $586312.32    | 0.33%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM6943                                   | CUSIP: 3140XAWD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    376589 | PA      | $303191.88    | 0.17%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8267                                   | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2872911 | PA      | $2829274.46   | 1.61%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4841                                   | CUSIP: 31418ELX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2261070 | PA      | $2229316.21   | 1.27%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.35 12/01/53                        | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    570000 | PA      | $512329.36    | 0.29%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance LLC                                                                 | BAYNGR 6.125 11/21/26 144A                  | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    585000 | PA      | $594544.87    | 0.34%             | 2026-11-21      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                               | BPLN V6.45 PERP                             | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1080000 | PA      | $1104039.72   | 0.63%             | 2049-12-31      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO LEASE TRUST 202                                                   | MBALT 2024-A A2A                            | CUSIP: 58770JAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286107 | PA      | $286801.52    | 0.16%             | 2027-02-16      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 3.771 05/24/61                          | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2545000 | PA      | $1498368.75   | 0.85%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1807                                   | CUSIP: 3140XHAH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    294895 | PA      | $268424.02    | 0.15%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2857                                   | CUSIP: 3140QNE73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    946009 | PA      | $795828.90    | 0.45%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5039                                   | CUSIP: 31418ES50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210652 | PA      | $210962.80    | 0.12%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.5 05/15/54                         | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1020876.31   | 0.58%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                                        | NRTH 2024-PARK A                            | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1450903.79   | 0.83%             | 2039-03-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Kentucky Utilities Company                                                           | PPL 3.3 06/01/50                            | CUSIP: 491674BM8<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |    160000 | PA      | $107580.98    | 0.06%             | 2050-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Moodys Corp.                                                                         | MCO 2.55 08/18/60                           | CUSIP: 615369AU9<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |     75000 | PA      | $37855.29     | 0.02%             | 2060-08-18      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Company                                                       | PNW 2.65 09/15/50                           | CUSIP: 040555DC5<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $52855.53     | 0.03%             | 2050-09-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7939                                   | CUSIP: 36179WZC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1477576 | PA      | $1380402.01   | 0.79%             | 2052-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE OWNER TRUST 2022-A                                                       | BMWOT 2022-A A3                             | CUSIP: 05602RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6982 | PA      | $6968.98      | 0.00%             | 2026-08-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                        | DELL 3.45 12/15/51                          | CUSIP: 24703DBH3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     60000 | PA      | $41119.27     | 0.02%             | 2051-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET V8 05/15/54                              | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $531942.00    | 0.30%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                 | NSANY 4.81 09/17/30 144A                    | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $366968.28    | 0.21%             | 2030-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5204                                   | CUSIP: 3140X8YA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87544 | PA      | $80477.38     | 0.05%             | 2035-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                                                                     | MKL 3.45 05/07/52                           | CUSIP: 570535AX2<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    915000 | PA      | $615752.75    | 0.35%             | 2052-05-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM8787                                   | CUSIP: 3140XCXR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2897085 | PA      | $2433090.90   | 1.38%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2022                                                          | JDOT 2022-A A3                              | CUSIP: 47787JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     27956 | PA      | $27876.53     | 0.02%             | 2026-09-15      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7987                                   | CUSIP: 36179W2U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1010735 | PA      | $859135.87    | 0.49%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD1484                                   | CUSIP: 3133AXUH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    350077 | PA      | $294631.70    | 0.17%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1061                                   | CUSIP: 3132DNFA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    181146 | PA      | $152005.79    | 0.09%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1564                                   | CUSIP: 3140XGW21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301116 | PA      | $238479.42    | 0.14%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE LEASE TRUST 2023-2                                                       | BMWLT 2023-2 A3                             | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    304485 | PA      | $305556.87    | 0.17%             | 2026-09-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD4227                                   | CUSIP: 3132E0VU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1935743 | PA      | $1855307.94   | 1.06%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 5.8 12/15/53 144A                    | CUSIP: 224044CT2<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    930000 | PA      | $843458.48    | 0.48%             | 2053-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 5.5 03/12/34 10Y                     | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   1435000 | PA      | $1452093.61   | 0.83%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 5.375 03/12/29 5Y                    | CUSIP: 46514BRN9<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    360000 | PA      | $366919.70    | 0.21%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2024-B                                                        | JDOT 2024-B A2A                             | CUSIP: 47786WAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    961102 | PA      | $964335.51    | 0.55%             | 2027-05-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM4901                                   | CUSIP: 3140X8NT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94344 | PA      | $86834.69     | 0.05%             | 2035-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-1                                                   | ALLYA 2022-1 A3                             | CUSIP: 02008JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16029 | PA      | $16006.67     | 0.01%             | 2026-11-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2022-B                                                        | JDOT 2022-B A3                              | CUSIP: 47800AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63178 | PA      | $62973.50     | 0.04%             | 2027-02-16      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN BV9960                                   | CUSIP: 3140MQB65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    864568 | PA      | $809052.12    | 0.46%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust 2023-1                                          | TALNT 2023-1A A                             | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102005.53    | 0.06%             | 2036-06-25      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                                | ETR 5.35 03/15/34                           | CUSIP: 29364WBM9<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    785000 | PA      | $805200.65    | 0.46%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | SLST 2020-3 A1C                             | CUSIP: 35564CHX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |    109740 | PA      | $101219.35    | 0.06%             | 2030-11-25      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM4720                                   | CUSIP: 3140X8G68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110596 | PA      | $97140.95     | 0.06%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7377                                   | CUSIP: 3140XBFT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    193110 | PA      | $169726.51    | 0.10%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8268                                   | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    660956 | PA      | $638125.68    | 0.36%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-A                                                  | FORDO 2023-A A3                             | CUSIP: 344928AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177537 | PA      | $177732.62    | 0.10%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8943                                   | CUSIP: 36179X5C6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1512900 | PA      | $1338726.54   | 0.76%             | 2053-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA9017                                   | CUSIP: 36179YAS3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2229475 | PA      | $2243852.24   | 1.28%             | 2053-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2023-111 PH                             | CUSIP: 38384CKU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    576561 | PA      | $578001.71    | 0.33%             | 2053-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD4901                                   | CUSIP: 3132DSNS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1282727 | PA      | $1287345.78   | 0.73%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN V7.2 06/27/54                         | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    850000 | PA      | $873241.65    | 0.50%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS5469                                   | CUSIP: 3138WFCF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    138443 | PA      | $131399.73    | 0.07%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA1870                                   | CUSIP: 31418BCG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48151 | PA      | $48266.95     | 0.03%             | 2034-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS7242                                   | CUSIP: 3138WHBL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60952 | PA      | $56232.13     | 0.03%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS7170                                   | CUSIP: 3138WG6G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69120 | PA      | $63782.54     | 0.04%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.25 08/31/25                             | CUSIP: 91282CAJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16530000 | PA      | $16414096.27  | 9.34%             | 2025-08-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | SRE V6.4 10/01/54                           | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $992046.40    | 0.56%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                   | FFHCN 6.35 03/22/54                         | CUSIP: 303901BR2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   1015000 | PA      | $1027989.87   | 0.58%             | 2054-03-22      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD6046                                   | CUSIP: 3132DTWF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1593585 | PA      | $1630315.64   | 0.93%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D V6.625 05/15/55                           | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1410673.47   | 0.80%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| System Energy Resources, Inc.                                                        | ETR 5.3 12/15/34                            | CUSIP: 871911AV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $380486.96    | 0.22%             | 2034-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CO AUT REC TR 25-1                                                      | GMCAR 2025-1 A3                             | CUSIP: 362955AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $716360.18    | 0.41%             | 2029-12-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 5.25 03/15/35 *                         | CUSIP: 26442CBQ6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    445000 | PA      | $455095.38    | 0.26%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD5092                                   | CUSIP: 3132DSUR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1319743 | PA      | $1298129.77   | 0.74%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                                | ETR 5.8 03/15/55                            | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    880000 | PA      | $880101.67    | 0.50%             | 2055-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.3 01/25/39                         | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1454009.22   | 0.83%             | 2039-01-25      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8874                                   | CUSIP: 36179X2F2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    942035 | PA      | $841734.32    | 0.48%             | 2053-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS9456                                   | CUSIP: 3140XRQJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1630636 | PA      | $1634975.95   | 0.93%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MB0091                                   | CUSIP: 3618N5C56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1412939 | PA      | $1388778.32   | 0.79%             | 2054-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD6548                                   | CUSIP: 3132DUHZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1624669 | PA      | $1633264.50   | 0.93%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS9085                                   | CUSIP: 3140XRCX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1095554 | PA      | $951425.03    | 0.54%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORSCHE FINANCIAL AUTO SECURITIZATION TRUST 2024-1                                   | PFAST 2024-1A A3                            | CUSIP: 73328EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1310000 | PA      | $1316066.74   | 0.75%             | 2030-01-22      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| HONDA AUTO RECE OWN TR 2025-1                                                        | HAROT 2025-1 A3                             | CUSIP: 43814VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    705000 | PA      | $711813.33    | 0.40%             | 2029-09-21      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V6.5 PERP OO                            | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1006954.65   | 0.57%             | 2049-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | SRE V6.625 04/01/55                         | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    645000 | PA      | $623927.98    | 0.35%             | 2055-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD3511                                   | CUSIP: 3132DQ3U8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1334275 | PA      | $1359094.46   | 0.77%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD6260                                   | CUSIP: 3132DT5V8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1706400 | PA      | $1682522.82   | 0.96%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust 2024-B                                                | MBALT 2024-B A3                             | CUSIP: 58769GAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $514854.31    | 0.29%             | 2028-02-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | SRE V6.55 04/01/55                          | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    360000 | PA      | $341371.74    | 0.19%             | 2055-04-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 4.15 12/01/44                           | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    465000 | PA      | $379173.29    | 0.22%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 5.7 08/15/35                         | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1469987.05   | 0.84%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8947                                   | CUSIP: 3138WJ5H7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    126830 | PA      | $116930.61    | 0.07%             | 2047-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG J37949                                   | CUSIP: 31307UZN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56773 | PA      | $55186.26     | 0.03%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RB5136                                   | CUSIP: 3133KYV55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    199409 | PA      | $177834.70    | 0.10%             | 2041-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST                                                         | FORDR 2021-2 A                              | CUSIP: 345285AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $197380.66    | 0.11%             | 2034-05-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM9765                                   | CUSIP: 3140XDZ74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210939 | PA      | $182906.99    | 0.10%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS6141                                   | CUSIP: 3140XMZF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2361920 | PA      | $1887308.82   | 1.07%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS5597                                   | CUSIP: 3138WFGF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59681 | PA      | $55367.72     | 0.03%             | 2045-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BC9468                                   | CUSIP: 3140F5QW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    166478 | PA      | $148000.86    | 0.08%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61281                                   | CUSIP: 31335BM60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     90535 | PA      | $83158.20     | 0.05%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS9988                                   | CUSIP: 3138WLC27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32394 | PA      | $31511.66     | 0.02%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.75 04/01/48                          | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    925000 | PA      | $841151.26    | 0.48%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA2055                                   | CUSIP: 3140Q9H97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     68632 | PA      | $66744.40     | 0.04%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.54 08/15/47                        | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1126911.77   | 0.64%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7768                                   | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1614784 | PA      | $1428935.10   | 0.81%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7829                                   | CUSIP: 36179WVW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    162618 | PA      | $148489.30    | 0.08%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4621                                   | CUSIP: 3140XLD39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268520 | PA      | $266227.63    | 0.15%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD3669                                   | CUSIP: 3132E0CE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    677160 | PA      | $685419.86    | 0.39%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                           | S 8.75 03/15/32                             | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    400000 | PA      | $485236.07    | 0.28%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 4.2 08/15/45                            | CUSIP: 26442UAB0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    225000 | PA      | $185039.47    | 0.11%             | 2045-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BC4764                                   | CUSIP: 3140F0JJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80019 | PA      | $70982.66     | 0.04%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.484 10/23/45                         | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    525000 | PA      | $520191.45    | 0.30%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4963                                   | CUSIP: 36179TQQ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     21582 | PA      | $20309.73     | 0.01%             | 2048-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                              | BAYNGR 3.95 04/15/45 144A                   | CUSIP: 07274NBG7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1275453.29   | 0.73%             | 2045-04-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM1150                                   | CUSIP: 3140J5H44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91315 | PA      | $81366.54     | 0.05%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA2970                                   | CUSIP: 3133KJJP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    653440 | PA      | $547614.03    | 0.31%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2022-1 OWNER                                                  | HAROT 2022-1 A3                             | CUSIP: 43815BAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38539 | PA      | $38460.46     | 0.02%             | 2026-05-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3533                                   | CUSIP: 3140XJ4T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    438586 | PA      | $352501.40    | 0.20%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4075                                   | CUSIP: 3140XKQ52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    741373 | PA      | $731914.30    | 0.42%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB7980                                   | CUSIP: 3140QT2N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1465018 | PA      | $1474351.19   | 0.84%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D V6.875 02/01/55 A                         | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    925000 | PA      | $973085.32    | 0.55%             | 2055-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2024-B                                                           | CNH 2024-B A2A                              | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127006 | PA      | $127350.21    | 0.07%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| HBOS plc                                                                             | LLOYDS 6 11/01/33 144A                      | CUSIP: 4041A2AF1<br>LEI: 213800RS21X7UUH5QU25 | Long             | DBT              | CORP              | GB        |    665000 | PA      | $673586.64    | 0.38%             | 2033-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 6.05 04/15/38                           | CUSIP: 26442CAE4<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    355000 | PA      | $379531.44    | 0.22%             | 2038-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GN 723248                                   | CUSIP: 3620A9P96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     80066 | PA      | $81124.36     | 0.05%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AB6228                                   | CUSIP: 31417C4N2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     84229 | PA      | $79014.82     | 0.04%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS9772                                   | CUSIP: 3138WK2E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76344 | PA      | $73761.54     | 0.04%             | 2037-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3101                                   | CUSIP: 31418CNT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71436 | PA      | $69564.77     | 0.04%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM4828                                   | CUSIP: 3140X8LJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1040900 | PA      | $907603.45    | 0.52%             | 2050-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.                                                | ARE 3.55 03/15/52                           | CUSIP: 015271AZ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    350000 | PA      | $235392.94    | 0.13%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BU1322                                   | CUSIP: 3140M2PG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2645208 | PA      | $2220884.57   | 1.26%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD3824                                   | CUSIP: 3132E0G97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1021090 | PA      | $1052990.10   | 0.60%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 850280                                   | CUSIP: 31408FUD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4388 | PA      | $4511.24      | 0.00%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA4327                                   | CUSIP: 31418DYZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163685 | PA      | $142852.70    | 0.08%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7705                                   | CUSIP: 36179WR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    708715 | PA      | $602419.41    | 0.34%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                                                | USRE 2021-1 A1                              | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $221249.66    | 0.13%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3071                                   | CUSIP: 3140XJMV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2527522 | PA      | $2214118.69   | 1.26%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1836                                   | CUSIP: 3132DPBD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    380079 | PA      | $303700.93    | 0.17%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4624                                   | CUSIP: 3140XLD62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    310508 | PA      | $259138.00    | 0.15%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS6787                                   | CUSIP: 3140XNRH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1486974 | PA      | $1526127.26   | 0.87%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                               | SRE V6.875 10/01/54                         | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    785000 | PA      | $791624.83    | 0.45%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                         | PEG 5.45 04/01/34                           | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    620000 | PA      | $633581.24    | 0.36%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG J25557                                   | CUSIP: 31307EE67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19671 | PA      | $19416.40     | 0.01%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AD4062                                   | CUSIP: 31418RQQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4853 | PA      | $4913.46      | 0.00%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                                                 | ETR 3.35 06/15/52                           | CUSIP: 29366MAC2<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $96942.35     | 0.06%             | 2052-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress NC Storm Funding LLC                                            | DUK 2.387 07/01/37 A-2                      | CUSIP: 26444BAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135000 | PA      | $942347.30    | 0.54%             | 2037-07-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                             | EDF 6 04/22/64 144A                         | CUSIP: 268317BB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   1045000 | PA      | $989629.25    | 0.56%             | 2064-04-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RJ1265                                   | CUSIP: 3142GRMP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2270088 | PA      | $2276130.74   | 1.29%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD5223                                   | CUSIP: 3132DSYU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1009243 | PA      | $1033694.67   | 0.59%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oneok Partners Lp                                                                    | OKE 6.85 10/15/37                           | CUSIP: 68268NAD5<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    110000 | PA      | $120381.49    | 0.07%             | 2037-10-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 6 01/15/38                              | CUSIP: 26442CAB0<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    125000 | PA      | $133208.19    | 0.08%             | 2038-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GN 783403                                   | CUSIP: 36241LX84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    115419 | PA      | $107742.23    | 0.06%             | 2041-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                     | KMI 5.4 09/01/44                            | CUSIP: 494550BW5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69325.90     | 0.04%             | 2044-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AU1625                                   | CUSIP: 3138X0YX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79766 | PA      | $74646.44     | 0.04%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5537                                   | CUSIP: 3140X9EK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    226045 | PA      | $207789.98    | 0.12%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 4.28 08/14/41                           | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1765000 | PA      | $1352519.50   | 0.77%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB3878                                   | CUSIP: 3140QPJY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446268 | PA      | $442639.92    | 0.25%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2023-A                                                           | CNH 2023-A A3                               | CUSIP: 12664QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204596 | PA      | $205256.53    | 0.12%             | 2028-08-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS5044                                   | CUSIP: 3140XLTA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1837414 | PA      | $1778162.24   | 1.01%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN DA2948                                   | CUSIP: 3140A3H22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1377235 | PA      | $1378274.15   | 0.78%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                              | BAYNGR 4.25 12/15/25 144A                   | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    645000 | PA      | $643184.38    | 0.37%             | 2025-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA4218                                   | CUSIP: 3133KKVK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     91136 | PA      | $76621.16     | 0.04%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QK1511                                   | CUSIP: 3133D4VC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    313616 | PA      | $294754.01    | 0.17%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3744                                   | CUSIP: 3140XKES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2798460 | PA      | $2232032.21   | 1.27%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                        | NI 5.25 03/30/28                            | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    825000 | PA      | $844574.84    | 0.48%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2024-1                                      | AMCAR 2024-1 A2A                            | CUSIP: 023947AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585379 | PA      | $586691.10    | 0.33%             | 2028-02-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                  | ETR V7.125 12/01/54                         | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    365000 | PA      | $377649.61    | 0.21%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

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

**Signature:** John Stanziani

**Name of Signer:** John Stanziani

**Title:** Treasurer