# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-26-016944
**Filing Date:** 2026-6
**Character Count:** 34321
**Document Hash:** 7ad56514a2ccc71371741fca11cd41f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016944.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000894189-26-016944

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 261050891

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

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

## Series and Classes Contracts Data

### Hotchkis & Wiley Global Value Fund (Series ID: S000039502)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000121672 | Class I      | HWGIX           |
| C000121673 | Class A      | HWGAX           |
| C000205772 | Class Z      |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Hotchkis & Wiley Global Value Fund** | **Hotchkis & Wiley Global Value Fund** | **Hotchkis & Wiley Global Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 96.1%** | **Shares**  | **Value**  |
| **Aerospace & Defense - 0.7%** | **Aerospace & Defense - 0.7%** | |
| Airbus SE | 1300 | $245796 |
| **Air Freight & Logistics - 1.0%** | **Air Freight & Logistics - 1.0%** |  |
| FedEx Corp. | 970 | 345495 |
| **Automobile Components - 1.4%** | **Automobile Components - 1.4%** |  |
| Magna International, Inc. | 8961 | 500113 |
| **Automobiles - 2.0%** | **Automobiles - 2.0%** |  |
| General Motors Co. | 6600 | 491700 |
| Mercedes-Benz Group AG | 3600 | 221267 |
|  |  | 712967 |
| **Banks - 8.8%** | **Banks - 8.8%** |  |
| Banca Monte dei Paschi di Siena SpA | 40300 | 351640 |
| BNP Paribas SA | 6656 | 634078 |
| Citigroup, Inc. | 2900 | 328889 |
| Popular, Inc. | 3040 | 407877 |
| Truist Financial Corp. | 6000 | 275820 |
| US Bancorp | 14000 | 728140 |
| Wells Fargo & Co. | 4300 | 342323 |
|  |  | 3068767 |
| **Beverages - 2.2%** | **Beverages - 2.2%** |  |
| Heineken Holding NV | 10900 | 775716 |
| **Capital Markets - 3.3%** | **Capital Markets - 3.3%** |  |
| Julius Baer Group Ltd. | 10700 | 787028 |
| State Street Corp. | 2800 | 354368 |
|  |  | 1141396 |
| **Chemicals - 5.5%** | **Chemicals - 5.5%** |  |
| Akzo Nobel NV | 15400 | 885279 |
| Nippon Sanso Holdings Corp. | 14700 | 521238 |
| PPG Industries, Inc. | 4600 | 491648 |
|  |  | 1898165 |
| **Communications Equipment - 6.4%** | **Communications Equipment - 6.4%** |  |
| F5, Inc. <sup>(a)</sup> | 3550 | 1027122 |
| Telefonaktiebolaget LM Ericsson - ADR | 105572 | 1189796 |
|  |  | 2216918 |
| **Electronic Equipment, Instruments & Components - 1.1%** | **Electronic Equipment, Instruments & Components - 1.1%** |  |
| CDW Corp. | 3100 | 375162 |
| **Energy Equipment & Services - 2.3%** | **Energy Equipment & Services - 2.3%** |  |
| SLB Ltd. | 15300 | 786267 |
| **Financial Services - 1.7%** | **Financial Services - 1.7%** |  |
| Corebridge Financial, Inc. | 1700 | 40562 |
| Euronet Worldwide, Inc. <sup>(a)</sup> | 3400 | 225658 |
| Fiserv, Inc. <sup>(a)</sup> | 6100 | 340380 |
|  |  | 606600 |
| **Food Products - 2.9%** | **Food Products - 2.9%** |  |
| Kraft Heinz Co. | 14400 | 323856 |
| Mondelez International, Inc. - Class A | 12100 | 697444 |
|  |  | 1021300 |
| **Ground Transportation - 1.7%** | **Ground Transportation - 1.7%** |  |
| U-Haul Holding Co. | 12915 | 576913 |
| **Health Care Equipment & Supplies - 4.8%** | **Health Care Equipment & Supplies - 4.8%** |  |
| GE HealthCare Technologies, Inc. | 13640 | 970895 |
| Koninklijke Philips NV | 12948 | 354159 |
| Medtronic PLC | 3800 | 329270 |
|  |  | 1654324 |
| **Health Care Providers & Services - 7.0%** | **Health Care Providers & Services - 7.0%** |  |
| Elevance Health, Inc. | 4004 | 1172171 |
| Humana, Inc. | 2200 | 381458 |
| UnitedHealth Group, Inc. | 3200 | 865888 |
|  |  | 2419517 |
| **Hotels, Restaurants & Leisure - 2.0%** | **Hotels, Restaurants & Leisure - 2.0%** |  |
| Accor SA | 14800 | 709858 |
| **Household Products - 1.9%** | **Household Products - 1.9%** |  |
| Henkel AG & Co. KGaA | 9200 | 660843 |
| **Industrial Conglomerates - 1.5%** | **Industrial Conglomerates - 1.5%** |  |
| Siemens AG | 2100 | 511634 |
| **Insurance - 2.8%** | **Insurance - 2.8%** |  |
| American International Group, Inc. | 12969 | 975917 |
| **Interactive Media & Services - 1.0%** | **Interactive Media & Services - 1.0%** |  |
| Alphabet, Inc. - Class A | 1180 | 339321 |
| **Machinery - 4.5%** | **Machinery - 4.5%** |  |
| CNH Industrial NV | 72900 | 801900 |
| Cummins, Inc. | 640 | 344333 |
| PACCAR, Inc. | 3600 | 415800 |
|  |  | 1562033 |
| **Media - 5.0%** | **Media - 5.0%** |  |
| Comcast Corp. - Class A | 32300 | 927333 |
| Omnicom Group, Inc. | 4600 | 346426 |
| WPP PLC | 149100 | 466303 |
|  |  | 1740062 |
| **Multi-Utilities - 3.3%** | **Multi-Utilities - 3.3%** |  |
| Dominion Energy, Inc. | 8800 | 544016 |
| National Grid PLC | 35400 | 597551 |
|  |  | 1141567 |
| **Oil, Gas & Consumable Fuels - 5.7%** | **Oil, Gas & Consumable Fuels - 5.7%** |  |
| APA Corp. | 18500 | 785140 |
| Ovintiv, Inc. | 5700 | 338352 |
| Shell PLC - ADR | 9200 | 855600 |
|  |  | 1979092 |
| **Passenger Airlines - 1.3%** | **Passenger Airlines - 1.3%** |  |
| Qantas Airways Ltd. | 79000 | 464066 |
| **Personal Care Products - 0.7%** | **Personal Care Products - 0.7%** |  |
| Unilever PLC | 4389 | 240946 |
| **Pharmaceuticals - 1.5%** | **Pharmaceuticals - 1.5%** |  |
| GSK PLC - ADR | 9200 | 507748 |
| **Professional Services - 0.8%** | **Professional Services - 0.8%** |  |
| Randstad NV | 11400 | 297540 |
| **Semiconductors & Semiconductor Equipment - 1.5%** | **Semiconductors & Semiconductor Equipment - 1.5%** |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1600 | 540720 |
| **Software - 8.9%** | **Software - 8.9%** |  |
| Salesforce, Inc. | 4200 | 784014 |
| SAP SE - ADR | 4100 | 701961 |
| Workday, Inc. - Class A <sup>(a)</sup> | 12320 | 1600614 |
|  |  | 3086589 |
| **Wireless Telecommunication Services - 0.9%** | **Wireless Telecommunication Services - 0.9%** |  |
| Vodafone Group PLC - ADR | 20800 | 312416 |
| **TOTAL COMMON STOCKS** (Cost $30,483,692) | **TOTAL COMMON STOCKS** (Cost $30,483,692) | 33415768 |
| **PREFERRED STOCKS - 0.9%** | **Shares**  | **Value**  |
| **Automobiles - 0.9%** | **Automobiles - 0.9%** |  |
|  Bayerische Motoren Werke AG, 0.00% | 3100 | 285363 |
| **TOTAL PREFERRED STOCKS** (Cost $210,177) | **TOTAL PREFERRED STOCKS** (Cost $210,177) | 285363 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.9%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(b)</sup> | 1024847 | 1024847 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,024,847) | **TOTAL MONEY MARKET FUNDS** (Cost $1,024,847) | 1024847 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $31,718,716**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $31,718,716**)** | 34725978 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 42283 |
| **TOTAL NET ASSETS - 100.0%** |  | $34768261 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company<br>|
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by MSCI, an independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company. The GICS methodology has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. Each stock that is classified will have a coding at all four of these levels. |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Hotchkis & Wiley Global Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $24690826 | $8724942 | $– | $33415768 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | – | 285363 | – | 285363 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1024847 | – | – | 1024847 |
| Total Investments | $25715673 | $9010305 | $– | $34725978 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| | | |
|:---|:---|:---|
| **Allocation of Portfolio Holdings by Country as of March 31, 2026** | **Allocation of Portfolio Holdings by Country as of March 31, 2026** | |
| (% of Net Assets) | (% of Net Assets) |  |
| United States | $19674595 | 56.6% |
| United Kingdom | 2980564 | 8.6 |
| Germany | 2381068 | 6.8 |
| Netherlands | 2312694 | 6.7 |
| France | 1589732 | 4.6 |
| Sweden | 1189796 | 3.4 |
| Switzerland | 787028 | 2.3 |
| Taiwan | 540720 | 1.6 |
| Japan | 521238 | 1.5 |
| Canada | 500113 | 1.4 |
| Australia | 464066 | 1.3 |
| Puerto Rico | 407877 | 1.2 |
| Italy | 351640 | 1.0 |
| Cash and Other | 1067130 | 3.0 |
|  | $**34768261** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000039502

- **c. LEI of Series:** 549300IZU80UBKZNF609

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $34840382.81

**Total Liabilities:** $68861.90

**Net Assets:** $34771520.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121672 | 2.10%                | 2.12%                | -7.16%               |
| Class ID C000121673 | 2.16%                | 2.05%                | -7.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $198388.47               | $662770.20                                 |
| Month 2  | $1123714.19              | $-292903.00                                |
| Month 3  | $580961.50               | $-3342456.35                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CDW Corp/DE                    | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      3100 | NS      | $375162.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       970 | NS      | $345494.60    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      3550 | NS      | $1027121.50   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      6100 | NS      | $340380.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien | Banca Monte dei Paschi di Siena SpA        | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |     40300 | NS      | $351640.56    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      4004 | NS      | $1172171.00   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                    | Ovintiv Inc                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      5700 | NS      | $338352.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC              | National Grid PLC                          | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |     35400 | NS      | $597551.55    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      3800 | NS      | $329270.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      8800 | NS      | $544016.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                        | GSK PLC                                    | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      9200 | NS      | $507748.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV         | Koninklijke Philips NV                     | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |     12948 | NS      | $354158.45    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                      | Shell PLC                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      9200 | NS      | $855600.00    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |      9200 | NS      | $660842.89    | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| U-Haul Holding Co              | U-Haul Holding Co                          | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     12915 | NS      | $576913.05    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     12969 | NS      | $975917.25    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     18500 | NS      | $785140.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      2900 | NS      | $328889.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1024847 | NS      | $1024846.53   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc             | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     13640 | NS      | $970895.20    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     14400 | NS      | $323856.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                     | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      3600 | NS      | $221267.49    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Magna International Inc        | Magna International Inc                    | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      8961 | NS      | $500113.41    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     12100 | NS      | $697444.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp     | Nippon Sanso Holdings Corp                 | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |     14700 | NS      | $521238.50    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Omnicom Group Inc              | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4600 | NS      | $346426.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      4600 | NS      | $491648.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      3600 | NS      | $415800.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      2800 | NS      | $354368.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1600 | NS      | $540720.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      6000 | NS      | $275820.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     14000 | NS      | $728140.00    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3200 | NS      | $865888.00    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken Holding NV            | Heineken Holding NV                        | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |     10900 | NS      | $775715.97    | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                     | Siemens AG                                 | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      2100 | NS      | $511634.05    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd             | Qantas Airways Ltd                         | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     79000 | NS      | $464066.00    | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4200 | NS      | $784014.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                     | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      4100 | NS      | $701961.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson            | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    105572 | NS      | $1189796.44   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      6600 | NS      | $491700.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      2200 | NS      | $381458.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Accor SA                       | Accor SA                                   | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |     14800 | NS      | $709858.52    | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |      6656 | NS      | $634077.72    | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      4300 | NS      | $342323.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd          | Julius Baer Group Ltd                      | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |     10700 | NS      | $787027.78    | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP PLC                        | WPP PLC                                    | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | GB        |    149100 | NS      | $466302.99    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                  | Akzo Nobel NV                              | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |     15400 | NS      | $885278.53    | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc       | Corebridge Financial Inc                   | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      1700 | NS      | $40562.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                    | Cummins Inc                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       640 | NS      | $344332.80    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                      | Airbus SE                                  | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |      1300 | NS      | $245796.04    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1180 | NS      | $339320.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     32300 | NS      | $927333.00    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc          | Euronet Worldwide Inc                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      3400 | NS      | $225658.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG                | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EP               | CORP              | DE        |      3100 | NS      | $285363.21    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Popular Inc                    | Popular Inc                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      3040 | NS      | $407876.80    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     15300 | NS      | $786267.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                               | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      4389 | NS      | $240945.81    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                          | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |     72900 | NS      | $801900.00    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad NV                    | Randstad NV                                | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |     11400 | NS      | $297539.59    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     20800 | NS      | $312416.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     12320 | NS      | $1600614.40   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

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

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer