# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-25-014429
**Filing Date:** 2025-11
**Character Count:** 81368
**Document Hash:** ed349e06089882cb9aafd8f79c6a7733
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014429.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000894189-25-014429

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 251514159

**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 SMID Cap Diversified Value Fund (Series ID: S000091359)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000259016 | Hotchkis & Wiley SMID Cap Diversified Value Fund | HWSM            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Hotchkis & Wiley SMID Cap Diversified Value Fund** | **Hotchkis & Wiley SMID Cap Diversified Value Fund** | **Hotchkis & Wiley SMID Cap Diversified Value Fund** | **Hotchkis & Wiley SMID Cap Diversified Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.0%** | **COMMON STOCKS - 96.0%** | **Shares** | **Value**  |
| **Aerospace & Defense - 1.0%** | **Aerospace & Defense - 1.0%** | **Aerospace & Defense - 1.0%** | |
| Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | 74 | $21305 |
| **Air Freight & Logistics - 0.6%** | **Air Freight & Logistics - 0.6%** | **Air Freight & Logistics - 0.6%** |  |
| FedEx Corp. | FedEx Corp. | 55 | 12970 |
| **Automobile Components - 4.5%** | **Automobile Components - 4.5%** | **Automobile Components - 4.5%** |  |
| Aptiv PLC <sup>(a)</sup> | Aptiv PLC <sup>(a)</sup> | 188 | 16209 |
| BorgWarner, Inc. | BorgWarner, Inc. | 322 | 14155 |
| Gentex Corp. | Gentex Corp. | 758 | 21451 |
| Lear Corp. | Lear Corp. | 129 | 12979 |
| Magna International, Inc. | Magna International, Inc. | 486 | 23027 |
| Visteon Corp. | Visteon Corp. | 72 | 8630 |
|  |  |  | 96451 |
| **Automobiles - 1.1%** | **Automobiles - 1.1%** | **Automobiles - 1.1%** |  |
| Harley-Davidson, Inc. | Harley-Davidson, Inc. | 335 | 9346 |
| Thor Industries, Inc. | Thor Industries, Inc. | 129 | 13376 |
|  |  |  | 22722 |
| **Banks - 11.2%** | **Banks - 11.2%** | **Banks - 11.2%** |  |
| Associated Banc-Corp. | Associated Banc-Corp. | 334 | 8587 |
| BankUnited, Inc. | BankUnited, Inc. | 227 | 8662 |
| Cathay General Bancorp | Cathay General Bancorp | 184 | 8834 |
| Citizens Financial Group, Inc. | Citizens Financial Group, Inc. | 428 | 22752 |
| Columbia Banking System, Inc. | Columbia Banking System, Inc. | 487 | 12535 |
| Comerica, Inc. | Comerica, Inc. | 300 | 20556 |
| First Hawaiian, Inc. | First Hawaiian, Inc. | 337 | 8368 |
| First Interstate BancSystem, Inc. - Class A | First Interstate BancSystem, Inc. - Class A | 273 | 8701 |
| First Merchants Corp. | First Merchants Corp. | 215 | 8106 |
| Flagstar Financial, Inc. | Flagstar Financial, Inc. | 725 | 8374 |
| KeyCorp | KeyCorp | 1138 | 21269 |
| Popular, Inc. | Popular, Inc. | 176 | 22354 |
| Provident Financial Services, Inc. | Provident Financial Services, Inc. | 445 | 8580 |
| Simmons First National Corp. - Class A | Simmons First National Corp. - Class A | 426 | 8166 |
| Valley National Bancorp | Valley National Bancorp | 1110 | 11766 |
| WaFd, Inc. | WaFd, Inc. | 273 | 8269 |
| Western Alliance Bancorp | Western Alliance Bancorp | 249 | 21593 |
| Zions Bancorp NA | Zions Bancorp NA | 400 | 22632 |
|  |  |  | 240104 |
| **Biotechnology - 0.7%** | **Biotechnology - 0.7%** | **Biotechnology - 0.7%** |  |
| Halozyme Therapeutics, Inc. <sup>(a)</sup> | Halozyme Therapeutics, Inc. <sup>(a)</sup> | 200 | 14668 |
| **Building Products - 2.3%** | **Building Products - 2.3%** | **Building Products - 2.3%** |  |
| Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | 357 | 19060 |
| Resideo Technologies, Inc. <sup>(a)</sup> | Resideo Technologies, Inc. <sup>(a)</sup> | 464 | 20036 |
| UFP Industries, Inc. | UFP Industries, Inc. | 122 | 11406 |
|  |  |  | 50502 |
| **Capital Markets - 3.6%** | **Capital Markets - 3.6%** | **Capital Markets - 3.6%** |  |
| Federated Hermes, Inc. | Federated Hermes, Inc. | 158 | 8205 |
| Franklin Resources, Inc. | Franklin Resources, Inc. | 804 | 18597 |
| Invesco Ltd. | Invesco Ltd. | 574 | 13168 |
| Janus Henderson Group PLC | Janus Henderson Group PLC | 189 | 8412 |
| State Street Corp. | State Street Corp. | 184 | 21346 |
| T Rowe Price Group, Inc. | T Rowe Price Group, Inc. | 77 | 7903 |
|  |  |  | 77631 |
| **Chemicals - 1.8%** | **Chemicals - 1.8%** | **Chemicals - 1.8%** |  |
| Axalta Coating Systems Ltd. <sup>(a)</sup> | Axalta Coating Systems Ltd. <sup>(a)</sup> | 707 | 20234 |
| Innospec, Inc. | Innospec, Inc. | 100 | 7716 |
| Olin Corp. | Olin Corp. | 400 | 9996 |
|  |  |  | 37946 |
| **Commercial Services & Supplies - 0.9%** | **Commercial Services & Supplies - 0.9%** | **Commercial Services & Supplies - 0.9%** |  |
| Brink's Co. | Brink's Co. | 91 | 10634 |
| UniFirst Corp./MA | UniFirst Corp./MA | 47 | 7858 |
|  |  |  | 18492 |
| **Communications Equipment - 2.0%** | **Communications Equipment - 2.0%** | **Communications Equipment - 2.0%** |  |
| F5, Inc. <sup>(a)</sup> | F5, Inc. <sup>(a)</sup> | 64 | 20684 |
| Telefonaktiebolaget LM Ericsson - ADR | Telefonaktiebolaget LM Ericsson - ADR | 2748 | 22726 |
|  |  |  | 43410 |
| **Construction & Engineering - 1.0%** | **Construction & Engineering - 1.0%** | **Construction & Engineering - 1.0%** |  |
| Fluor Corp. <sup>(a)</sup> | Fluor Corp. <sup>(a)</sup> | 498 | 20951 |
| **Consumer Discrertionary - 0.5%** | **Consumer Discrertionary - 0.5%** | **Consumer Discrertionary - 0.5%** |  |
| Whirlpool Corp. | Whirlpool Corp. | 144 | 11318 |
| **Consumer Finance - 2.3%** | **Consumer Finance - 2.3%** | **Consumer Finance - 2.3%** |  |
| Ally Financial, Inc. | Ally Financial, Inc. | 545 | 21364 |
| Bread Financial Holdings, Inc. | Bread Financial Holdings, Inc. | 138 | 7696 |
| Synchrony Financial | Synchrony Financial | 290 | 20605 |
|  |  |  | 49665 |
| **Containers & Packaging - 0.4%** | **Containers & Packaging - 0.4%** | **Containers & Packaging - 0.4%** |  |
| Sonoco Products Co. | Sonoco Products Co. | 181 | 7799 |
| **Electric Utilities - 4.9%** | **Electric Utilities - 4.9%** | **Electric Utilities - 4.9%** |  |
| Eversource Energy | Eversource Energy | 308 | 21911 |
| Exelon Corporation | Exelon Corporation | 454 | 20434 |
| FirstEnergy Corp. | FirstEnergy Corp. | 280 | 12830 |
| OGE Energy Corp. | OGE Energy Corp. | 179 | 8282 |
| Otter Tail Corp. | Otter Tail Corp. | 100 | 8197 |
| Portland General Electric Co. | Portland General Electric Co. | 287 | 12628 |
| PPL Corp. | PPL Corp. | 567 | 21070 |
|  |  |  | 105352 |
| **Electrical Equipment - 1.0%** | **Electrical Equipment - 1.0%** | **Electrical Equipment - 1.0%** |  |
| Atkore, Inc. | Atkore, Inc. | 144 | 9035 |
| Sensata Technologies Holding PLC | Sensata Technologies Holding PLC | 380 | 11609 |
|  |  |  | 20644 |
| **Electronic Equipment, Instruments & Components - 4.0%** | **Electronic Equipment, Instruments & Components - 4.0%** | **Electronic Equipment, Instruments & Components - 4.0%** |  |
| Arrow Electronics, Inc. <sup>(a)</sup> | Arrow Electronics, Inc. <sup>(a)</sup> | 103 | 12463 |
| Avnet, Inc. | Avnet, Inc. | 248 | 12965 |
| Crane NXT Co. | Crane NXT Co. | 152 | 10195 |
| Ingram Micro Holding Corp. | Ingram Micro Holding Corp. | 422 | 9069 |
| Plexus Corp. <sup>(a)</sup> | Plexus Corp. <sup>(a)</sup> | 62 | 8971 |
| Sanmina Corp. <sup>(a)</sup> | Sanmina Corp. <sup>(a)</sup> | 104 | 11971 |
| Vishay Intertechnology, Inc. | Vishay Intertechnology, Inc. | 507 | 7757 |
| Vontier Corp. | Vontier Corp. | 295 | 12381 |
|  |  |  | 85772 |
| **Energy Equipment & Services - 1.0%** | **Energy Equipment & Services - 1.0%** | **Energy Equipment & Services - 1.0%** |  |
| Halliburton Co. | Halliburton Co. | 374 | 9200 |
| NOV, Inc. | NOV, Inc. | 995 | 13184 |
|  |  |  | 22384 |
| **Entertainment - 0.9%** | **Entertainment - 0.9%** | **Entertainment - 0.9%** |  |
| Warner Bros Discovery, Inc. <sup>(a)</sup> | Warner Bros Discovery, Inc. <sup>(a)</sup> | 956 | 18671 |
| **Financial Services - 3.7%** | **Financial Services - 3.7%** | **Financial Services - 3.7%** |  |
| Corebridge Financial, Inc. | Corebridge Financial, Inc. | 354 | 11346 |
| Essent Group Ltd. | Essent Group Ltd. | 211 | 13411 |
| Euronet Worldwide, Inc. <sup>(a)</sup> | Euronet Worldwide, Inc. <sup>(a)</sup> | 90 | 7903 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | NMI Holdings, Inc. - Class A <sup>(a)</sup> | 214 | 8205 |
| Radian Group, Inc. | Radian Group, Inc. | 366 | 13256 |
| Voya Financial, Inc. | Voya Financial, Inc. | 179 | 13389 |
| WEX, Inc. <sup>(a)</sup> | WEX, Inc. <sup>(a)</sup> | 72 | 11342 |
|  |  |  | 78852 |
| **Food Products - 0.9%** | **Food Products - 0.9%** | **Food Products - 0.9%** |  |
| Conagra Brands, Inc. | Conagra Brands, Inc. | 431 | 7892 |
| Kraft Heinz Co. | Kraft Heinz Co. | 450 | 11718 |
|  |  |  | 19610 |
| **Gas Utilities - 1.0%** | **Gas Utilities - 1.0%** | **Gas Utilities - 1.0%** |  |
| New Jersey Resources Corp. | New Jersey Resources Corp. | 261 | 12567 |
| Spire, Inc. | Spire, Inc. | 108 | 8804 |
|  |  |  | 21371 |
| **Ground Transportation - 1.3%** | **Ground Transportation - 1.3%** | **Ground Transportation - 1.3%** |  |
| Schneider National, Inc. - Class B | Schneider National, Inc. - Class B | 328 | 6941 |
| U-Haul Holding Co. | U-Haul Holding Co. | 398 | 20258 |
|  |  |  | 27199 |
| **Health Care Equipment & Supplies - 3.0%** | **Health Care Equipment & Supplies - 3.0%** | **Health Care Equipment & Supplies - 3.0%** |  |
| Envista Holdings Corp. <sup>(a)</sup> | Envista Holdings Corp. <sup>(a)</sup> | 404 | 8230 |
| GE HealthCare Technologies, Inc. | GE HealthCare Technologies, Inc. | 287 | 21554 |
| Lantheus Holdings, Inc. <sup>(a)</sup> | Lantheus Holdings, Inc. <sup>(a)</sup> | 236 | 12104 |
| LivaNova PLC <sup>(a)</sup> | LivaNova PLC <sup>(a)</sup> | 190 | 9952 |
| Solventum Corp. <sup>(a)</sup> | Solventum Corp. <sup>(a)</sup> | 168 | 12264 |
|  |  |  | 64104 |
| **Health Care Providers & Services - 4.9%** | **Health Care Providers & Services - 4.9%** | **Health Care Providers & Services - 4.9%** |  |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> | Acadia Healthcare Co., Inc. <sup>(a)</sup> | 373 | 9236 |
| Centene Corp. <sup>(a)</sup> | Centene Corp. <sup>(a)</sup> | 783 | 27937 |
| Concentra Group Holdings Parent, Inc. | Concentra Group Holdings Parent, Inc. | 409 | 8560 |
| Humana, Inc. | Humana, Inc. | 80 | 20814 |
| Labcorp Holdings, Inc. | Labcorp Holdings, Inc. | 48 | 13779 |
| Universal Health Services, Inc. - Class B | Universal Health Services, Inc. - Class B | 123 | 25146 |
|  |  |  | 105472 |
| **Hotels, Restaurants & Leisure - 1.9%** | **Hotels, Restaurants & Leisure - 1.9%** | **Hotels, Restaurants & Leisure - 1.9%** |  |
| Hilton Grand Vacations, Inc. <sup>(a)</sup> | Hilton Grand Vacations, Inc. <sup>(a)</sup> | 276 | 11539 |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | 120 | 7987 |
| Travel + Leisure Co. | Travel + Leisure Co. | 210 | 12493 |
| United Parks & Resorts, Inc. <sup>(a)</sup> | United Parks & Resorts, Inc. <sup>(a)</sup> | 171 | 8841 |
|  |  |  | 40860 |
| **Household Durables - 0.4%** | **Household Durables - 0.4%** | **Household Durables - 0.4%** |  |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | Tri Pointe Homes, Inc. <sup>(a)</sup> | 242 | 8221 |
| **Household Products - 0.9%** | **Household Products - 0.9%** | **Household Products - 0.9%** |  |
| Central Garden & Pet Co. <sup>(a)</sup> | Central Garden & Pet Co. <sup>(a)</sup> | 205 | 6693 |
| Reynolds Consumer Products, Inc. | Reynolds Consumer Products, Inc. | 549 | 13434 |
|  |  |  | 20127 |
| **Insurance - 8.0%** | **Insurance - 8.0%** | **Insurance - 8.0%** |  |
| American International Group, Inc. | American International Group, Inc. | 259 | 20342 |
| Arch Capital Group Ltd. | Arch Capital Group Ltd. | 91 | 8256 |
| CNO Financial Group, Inc. | CNO Financial Group, Inc. | 240 | 9492 |
| Everest Group Ltd. | Everest Group Ltd. | 37 | 12958 |
| Fidelity National Financial, Inc. | Fidelity National Financial, Inc. | 348 | 21051 |
| Globe Life, Inc. | Globe Life, Inc. | 88 | 12581 |
| Hartford Insurance Group, Inc. | Hartford Insurance Group, Inc. | 64 | 8537 |
| Kemper Corp. | Kemper Corp. | 132 | 6805 |
| Lincoln National Corp. | Lincoln National Corp. | 314 | 12664 |
| Loews Corp. | Loews Corp. | 87 | 8734 |
| Principal Financial Group, Inc. | Principal Financial Group, Inc. | 266 | 22054 |
| Prudential Financial, Inc. | Prudential Financial, Inc. | 79 | 8195 |
| Travelers Cos., Inc. | Travelers Cos., Inc. | 31 | 8656 |
| White Mountains Insurance Group Ltd. | White Mountains Insurance Group Ltd. | 7 | 11701 |
|  |  |  | 172026 |
| **IT Services - 0.3%** | **IT Services - 0.3%** | **IT Services - 0.3%** |  |
| ASGN, Inc. <sup>(a)</sup> | ASGN, Inc. <sup>(a)</sup> | 160 | 7576 |
| **Leisure Products - 0.8%** | **Leisure Products - 0.8%** | **Leisure Products - 0.8%** |  |
| Brunswick Corp./DE | Brunswick Corp./DE | 144 | 9107 |
| Polaris, Inc. | Polaris, Inc. | 154 | 8952 |
|  |  |  | 18059 |
| **Machinery - 4.3%** | **Machinery - 4.3%** | **Machinery - 4.3%** |  |
| AGCO Corp. | AGCO Corp. | 108 | 11564 |
| Albany International Corp. - Class A | Albany International Corp. - Class A | 140 | 7462 |
| Atmus Filtration Technologies, Inc. | Atmus Filtration Technologies, Inc. | 213 | 9604 |
| CNH Industrial NV | CNH Industrial NV | 1607 | 17436 |
| Flowserve Corp. | Flowserve Corp. | 224 | 11904 |
| Stanley Black & Decker, Inc. | Stanley Black & Decker, Inc. | 292 | 21704 |
| Timken Co. | Timken Co. | 163 | 12254 |
|  |  |  | 91928 |
| **Marine Transportation - 0.3%** | **Marine Transportation - 0.3%** | **Marine Transportation - 0.3%** |  |
| Matson, Inc. | Matson, Inc. | 73 | 7197 |
| **Media - 1.5%** | **Media - 1.5%** | **Media - 1.5%** |  |
| Omnicom Group, Inc. | Omnicom Group, Inc. | 112 | 9131 |
| Paramount Skydance Corp. | Paramount Skydance Corp. | 656 | 12411 |
| WPP PLC - ADR | WPP PLC - ADR | 451 | 11298 |
|  |  |  | 32840 |
| **Multi-Utilities - 2.3%** | **Multi-Utilities - 2.3%** | **Multi-Utilities - 2.3%** |  |
| Avista Corp. | Avista Corp. | 212 | 8016 |
| Black Hills Corp. | Black Hills Corp. | 206 | 12688 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | 332 | 20308 |
| Northwestern Energy Group, Inc. | Northwestern Energy Group, Inc. | 149 | 8733 |
|  |  |  | 49745 |
| **Oil, Gas & Consumable Fuels - 3.6%** | **Oil, Gas & Consumable Fuels - 3.6%** | **Oil, Gas & Consumable Fuels - 3.6%** |  |
| APA Corp. | APA Corp. | 1091 | 26489 |
| Crescent Energy Co. - Class A | Crescent Energy Co. - Class A | 890 | 7939 |
| Excelerate Energy, Inc. - Class A | Excelerate Energy, Inc. - Class A | 325 | 8187 |
| Murphy Oil Corp. | Murphy Oil Corp. | 350 | 9944 |
| NextDecade Corp. <sup>(a)</sup> | NextDecade Corp. <sup>(a)</sup> | 734 | 4984 |
| Ovintiv, Inc. | Ovintiv, Inc. | 303 | 12235 |
| SM Energy Company | SM Energy Company | 296 | 7391 |
|  |  |  | 77169 |
| **Pharmaceuticals - 1.1%** | **Pharmaceuticals - 1.1%** | **Pharmaceuticals - 1.1%** |  |
| Jazz Pharmaceuticals PLC <sup>(a)</sup> | Jazz Pharmaceuticals PLC <sup>(a)</sup> | 179 | 23592 |
| **Professional Services - 2.6%** | **Professional Services - 2.6%** | **Professional Services - 2.6%** |  |
| Amentum Holdings, Inc. <sup>(a)</sup> | Amentum Holdings, Inc. <sup>(a)</sup> | 320 | 7664 |
| Insperity, Inc. | Insperity, Inc. | 162 | 7970 |
| Korn Ferry | Korn Ferry | 120 | 8398 |
| Maximus, Inc. | Maximus, Inc. | 150 | 13706 |
| Robert Half, Inc. | Robert Half, Inc. | 230 | 7815 |
| Science Applications International Corp. | Science Applications International Corp. | 106 | 10533 |
|  |  |  | 56086 |
| **Real Estate Management & Development - 0.4%** | **Real Estate Management & Development - 0.4%** | **Real Estate Management & Development - 0.4%** |  |
| Cushman & Wakefield PLC <sup>(a)</sup> | Cushman & Wakefield PLC <sup>(a)</sup> | 606 | 9647 |
| **Semiconductors & Semiconductor Equipment - 0.4%** | **Semiconductors & Semiconductor Equipment - 0.4%** | **Semiconductors & Semiconductor Equipment - 0.4%** |  |
| Diodes, Inc. <sup>(a)</sup> | Diodes, Inc. <sup>(a)</sup> | 176 | 9365 |
| <br> **Software - 1.8%** | <br> **Software - 1.8%** | <br> **Software - 1.8%** |  |
| ACI Worldwide, Inc. <sup>(a)</sup> | ACI Worldwide, Inc. <sup>(a)</sup> | 293 | 15462 |
| Workday, Inc. - Class A <sup>(a)</sup> | Workday, Inc. - Class A <sup>(a)</sup> | 96 | 23110 |
|  |  |  | 38572 |
| **Specialty Retail - 2.2%** | **Specialty Retail - 2.2%** | **Specialty Retail - 2.2%** |  |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | Asbury Automotive Group, Inc. <sup>(a)</sup> | 53 | 12956 |
| Group 1 Automotive, Inc. | Group 1 Automotive, Inc. | 29 | 12688 |
| Lithia Motors, Inc. | Lithia Motors, Inc. | 41 | 12956 |
| Sonic Automotive, Inc. - Class A | Sonic Automotive, Inc. - Class A | 112 | 8522 |
|  |  |  | 47122 |
| **Trading Companies & Distributors - 2.7%** | **Trading Companies & Distributors - 2.7%** | **Trading Companies & Distributors - 2.7%** |  |
| Herc Holdings, Inc. | Herc Holdings, Inc. | 105 | 12249 |
| MSC Industrial Direct Co., Inc. - Class A | MSC Industrial Direct Co., Inc. - Class A | 144 | 13268 |
| Rush Enterprises, Inc. - Class A | Rush Enterprises, Inc. - Class A | 215 | 11496 |
| WESCO International, Inc. | WESCO International, Inc. | 98 | 20727 |
|  |  |  | 57740 |
| **TOTAL COMMON STOCKS** (Cost $1,889,164) | **TOTAL COMMON STOCKS** (Cost $1,889,164) | **TOTAL COMMON STOCKS** (Cost $1,889,164) | 2063237 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 2.9%** | **REAL ESTATE INVESTMENT TRUSTS - COMMON - 2.9%** | **Shares** | **Value**  |
| **Hotel & Resort REITs - 1.5%** | **Hotel & Resort REITs - 1.5%** | **Hotel & Resort REITs - 1.5%** |  |
| Host Hotels & Resorts, Inc. | Host Hotels & Resorts, Inc. | 1317 | 22415 |
| Park Hotels & Resorts, Inc. | Park Hotels & Resorts, Inc. | 775 | 8587 |
|  |  |  | 31002 |
| **Office REITs - 1.4%** | **Office REITs - 1.4%** | **Office REITs - 1.4%** |  |
| Douglas Emmett, Inc. | Douglas Emmett, Inc. | 536 | 8346 |
| Vornado Realty Trust | Vornado Realty Trust | 547 | 22170 |
|  |  |  | 30516 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $54,519) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $54,519) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $54,519) | 61518 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.0%** | **MONEY MARKET FUNDS - 1.0%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 4.05%<sup>(b)</sup> | First American Government Obligations Fund - Class X, 4.05%<sup>(b)</sup> | 22345 | 22345 |
| **TOTAL MONEY MARKET FUNDS** (Cost $22,345) | **TOTAL MONEY MARKET FUNDS** (Cost $22,345) | **TOTAL MONEY MARKET FUNDS** (Cost $22,345) | 22345 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $1,966,028**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $1,966,028**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $1,966,028**)** | 2147100 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 1911 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $2149011 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| 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. | 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. | 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. | 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. |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Hotchkis & Wiley SMID Cap Diversified 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 September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $2063237 | $– | $– | $2063237 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 61518 | – | – | 61518 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 22345 | – | – | 22345 |
| Total Investments | $2147100 | $– | $– | $2147100 |
| 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. |

---

## 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 & Wiley SMID Cap Diversified Value Fund

- **b. EDGAR series identifier (if any):** S000091359

- **c. LEI of Series:** 529900Z7Q9GOYG5V7E90

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $2150067.70

**Total Liabilities:** $1050.55

**Net Assets:** $2149017.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259016 | 1.81%                | 5.98%                | -0.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $34104.80                                  |
| Month 2  | $34427.28                | $83187.21                                  |
| Month 3  | $0.00                    | $-16416.60                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Interstate BancSystem In | First Interstate BancSystem Inc            | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |       273 | NS      | $8700.51      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                    | Gentex Corp                                | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |       758 | NS      | $21451.40     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       374 | NS      | $9200.40      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                          | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |       105 | NS      | $12249.30     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |        80 | NS      | $20813.60     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings Inc                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |       320 | NS      | $7664.00      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp           | Associated Banc-Corp                       | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |       334 | NS      | $8587.14      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co        | Central Garden & Pet Co                    | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |       205 | NS      | $6693.25      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc    | Columbia Banking System Inc                | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       487 | NS      | $12535.38     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                      | Olin Corp                                  | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |       400 | NS      | $9996.00      | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                | Otter Tail Corp                            | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $8197.00      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |        79 | NS      | $8195.46      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati | Science Applications International Corp    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |       106 | NS      | $10533.22     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc           | Tri Pointe Homes Inc                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       242 | NS      | $8220.74      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Grou | White Mountains Insurance Group Ltd        | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |         7 | NS      | $11700.64     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp           | First Merchants Corp                       | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |       215 | NS      | $8105.50      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       224 | NS      | $11903.36     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc         | Franklin Resources Inc                     | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |       804 | NS      | $18596.52     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc | GE HealthCare Technologies Inc             | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |       287 | NS      | $21553.70     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc         | Group 1 Automotive Inc                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |        29 | NS      | $12687.79     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingram Micro Holding Corp      | Ingram Micro Holding Corp                  | CUSIP: 457152106<br>LEI: 9845008639BC538AB065 | Long             | EC               | CORP              | US        |       422 | NS      | $9068.78      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                   | Innospec Inc                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |       100 | NS      | $7716.00      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp          | Lincoln National Corp                      | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |       314 | NS      | $12663.62     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide C | Marriott Vacations Worldwide Corp          | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |       120 | NS      | $7987.20      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp                | NextDecade Corp                            | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |       734 | NS      | $4983.86      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc       | Resideo Technologies Inc                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |       464 | NS      | $20035.52     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc           | Sonic Automotive Inc                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |       112 | NS      | $8522.08      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial            | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       290 | NS      | $20604.50     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co            | Travel + Leisure Co                        | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |       210 | NS      | $12492.90     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |        31 | NS      | $8655.82      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp        | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |      1110 | NS      | $11766.00     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc   | MSC Industrial Direct Co Inc               | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |       144 | NS      | $13268.16     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                            | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |       179 | NS      | $8282.33      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc               | Radian Group Inc                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |       366 | NS      | $13256.52     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc | Reynolds Consumer Products Inc             | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |       549 | NS      | $13434.03     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp    | Simmons First National Corp                | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |       426 | NS      | $8166.42      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co             | Sonoco Products Co                         | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |       181 | NS      | $7799.29      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       184 | NS      | $21345.84     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                   | Vontier Corp                               | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |       295 | NS      | $12381.15     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc             | Voya Financial Inc                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |       179 | NS      | $13389.20     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                      | AGCO Corp                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |       108 | NS      | $11563.56     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc       | Acadia Healthcare Co Inc                   | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |       373 | NS      | $9235.48      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc   | Bread Financial Holdings Inc               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       138 | NS      | $7696.26      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc             | Ally Financial Inc                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |       545 | NS      | $21364.00     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I | American International Group Inc           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       259 | NS      | $20341.86     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc          | Arrow Electronics Inc                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |       103 | NS      | $12463.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                      | Avnet Inc                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |       248 | NS      | $12965.44     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc     | Hilton Grand Vacations Inc                 | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |       276 | NS      | $11539.56     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc               | NMI Holdings Inc                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |       214 | NS      | $8204.76      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc      | Park Hotels & Resorts Inc                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |       775 | NS      | $8587.00      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                    | Plexus Corp                                | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |        62 | NS      | $8970.78      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |       287 | NS      | $12628.00     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |       956 | NS      | $18670.68     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                       | WaFd Inc                                   | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       273 | NS      | $8269.17      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd         | Arch Capital Group Ltd                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |        91 | NS      | $8256.43      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd     | Axalta Coating Systems Ltd                 | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | US        |       707 | NS      | $20234.34     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                          | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |      1607 | NS      | $17435.95     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc          | Excelerate Energy Inc                      | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       325 | NS      | $8186.75      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc             | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |       357 | NS      | $19060.23     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc            | Harley-Davidson Inc                        | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |       335 | NS      | $9346.50      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                    | Kemper Corp                                | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |       132 | NS      | $6804.60      | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |       450 | NS      | $11718.00     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc           | Labcorp Holdings Inc                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        48 | NS      | $13778.88     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc              | Lithia Motors Inc                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |        41 | NS      | $12956.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                     | Loews Corp                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |        87 | NS      | $8733.93      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |       567 | NS      | $21069.72     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                    | Polaris Inc                                | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |       154 | NS      | $8952.02      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                   | SM Energy Co                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |       296 | NS      | $7391.12      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc         | Schneider National Inc                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |       328 | NS      | $6940.48      | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC        | Cushman & Wakefield PLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       606 | NS      | $9647.52      | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC      | Janus Henderson Group PLC                  | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | GB        |       189 | NS      | $8412.39      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries  | Huntington Ingalls Industries Inc          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |        74 | NS      | $21305.34     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |        73 | NS      | $7197.07      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc  | Northwestern Energy Group Inc              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |       149 | NS      | $8732.89      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc              | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       112 | NS      | $9131.36      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                    | Ovintiv Inc                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |       303 | NS      | $12235.14     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp        | Paramount Skydance Corp                    | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |       656 | NS      | $12411.52     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                | Robert Half Inc                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |       230 | NS      | $7815.40      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc     | United Parks & Resorts Inc                 | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |       171 | NS      | $8840.70      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc     | Stanley Black & Decker Inc                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |       292 | NS      | $21704.36     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc            | Thor Industries Inc                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |       129 | NS      | $13376.01     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                  | Timken Co/The                              | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       163 | NS      | $12254.34     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                   | Visteon Corp                               | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |        72 | NS      | $8629.92      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp      | Albany International Corp                  | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |       140 | NS      | $7462.00      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                 | BankUnited Inc                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |       227 | NS      | $8662.32      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                   | Centene Corp                               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |       783 | NS      | $27937.44     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                   | Comerica Inc                               | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |       300 | NS      | $20556.00     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp          | Envista Holdings Corp                      | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |       404 | NS      | $8229.48      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc          | Euronet Worldwide Inc                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |        90 | NS      | $7902.90      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |       308 | NS      | $21911.12     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |        64 | NS      | $20684.16     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                        | WEX Inc                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |        72 | NS      | $11342.16     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                   | LivaNova PLC                               | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | GB        |       190 | NS      | $9952.20      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In | Fidelity National Financial Inc            | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |       348 | NS      | $21050.52     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc             | First Hawaiian Inc                         | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |       337 | NS      | $8367.71      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                       | ASGN Inc                                   | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |       160 | NS      | $7576.00      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co              | U-Haul Holding Co                          | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |       398 | NS      | $20258.20     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc          | Lantheus Holdings Inc                      | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |       236 | NS      | $12104.44     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc         | Flagstar Financial Inc                     | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |       725 | NS      | $8373.75      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      1091 | NS      | $26489.48     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc    | Asbury Automotive Group Inc                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |        53 | NS      | $12955.85     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |        37 | NS      | $12958.51     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp         | Cathay General Bancorp                     | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |       184 | NS      | $8833.84      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc       | Corebridge Financial Inc                   | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |       354 | NS      | $11345.70     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                   | Crane NXT Co                               | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |       152 | NS      | $10194.64     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc           | Federated Hermes Inc                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |       158 | NS      | $8204.94      | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |        55 | NS      | $12969.55     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                     | Fluor Corp                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |       498 | NS      | $20950.86     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co             | Crescent Energy Co                         | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       890 | NS      | $7938.80      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                        | KeyCorp                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      1138 | NS      | $21269.22     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                      | Lear Corp                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |       129 | NS      | $12978.69     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                    | Maximus Inc                                | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |       150 | NS      | $13705.50     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                | Murphy Oil Corp                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |       350 | NS      | $9943.50      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp      | New Jersey Resources Corp                  | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |       261 | NS      | $12567.15     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |        77 | NS      | $7903.28      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc  | Principal Financial Group Inc              | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |       266 | NS      | $22054.06     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                   | Sanmina Corp                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |       104 | NS      | $11971.44     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                 | Solventum Corp                             | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |       168 | NS      | $12264.00     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                      | Spire Inc                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |       108 | NS      | $8804.16      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc             | UFP Industries Inc                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |       122 | NS      | $11405.78     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA               | UniFirst Corp/MA                           | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |        47 | NS      | $7857.93      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc  | Universal Health Services Inc              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       123 | NS      | $25146.12     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                        | WPP PLC                                    | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | GB        |       451 | NS      | $11297.55     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                 | Whirlpool Corp                             | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |       144 | NS      | $11318.40     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                    | Workday Inc                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |        96 | NS      | $23110.08     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                      | Aptiv PLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |       188 | NS      | $16209.36     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC       | Jazz Pharmaceuticals PLC                   | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |       179 | NS      | $23592.20     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                     | Atkore Inc                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |       144 | NS      | $9034.56      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies  | Atmus Filtration Technologies Inc          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       213 | NS      | $9604.17      | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc        | CNO Financial Group Inc                    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |       240 | NS      | $9492.00      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc             | Douglas Emmett Inc                         | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       536 | NS      | $8345.52      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp               | FirstEnergy Corp                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |       280 | NS      | $12829.60     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                 | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |        88 | NS      | $12581.36     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Paren | Concentra Group Holdings Parent Inc        | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       409 | NS      | $8560.37      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |       332 | NS      | $20308.44     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc             | Conagra Brands Inc                         | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |       431 | NS      | $7891.61      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                     | Diodes Inc                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |       176 | NS      | $9364.96      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                       | Telefonaktiebolaget LM Ericsson            | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |      2748 | NS      | $22725.96     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics Inc                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |       200 | NS      | $14668.00     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |        64 | NS      | $8536.96      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                        | NOV Inc                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |       995 | NS      | $13183.75     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |       454 | NS      | $20434.54     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc           | Rush Enterprises Inc                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |       215 | NS      | $11496.05     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd               | Essent Group Ltd                           | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | US        |       211 | NS      | $13411.16     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding P | Sensata Technologies Holding PLC           | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |       380 | NS      | $11609.00     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International Inc                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |        98 | NS      | $20727.00     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp               | Black Hills Corp                           | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |       206 | NS      | $12687.54     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                 | Brink's Co/The                             | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |        91 | NS      | $10634.26     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE              | Brunswick Corp/DE                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |       144 | NS      | $9106.56      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc   | Citizens Financial Group Inc               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |       428 | NS      | $22752.48     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     22345 | NS      | $22344.78     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |       212 | NS      | $8015.72      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc      | Host Hotels & Resorts Inc                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |      1317 | NS      | $22415.34     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                  | Insperity Inc                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |       162 | NS      | $7970.40      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                     | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |       120 | NS      | $8397.60      | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International Inc                    | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |       486 | NS      | $23026.68     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                    | Popular Inc                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |       176 | NS      | $22353.76     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services I | Provident Financial Services Inc           | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |       445 | NS      | $8579.60      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                    | Invesco Ltd                                | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | US        |       574 | NS      | $13167.56     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc              | ACI Worldwide Inc                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |       293 | NS      | $15461.61     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                 | BorgWarner Inc                             | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |       322 | NS      | $14155.12     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc     | Vishay Intertechnology Inc                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |       507 | NS      | $7757.10      | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust           | Vornado Realty Trust                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       547 | NS      | $22169.91     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp       | Western Alliance Bancorp                   | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |       249 | NS      | $21593.28     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA               | Zions Bancorp NA                           | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |       400 | NS      | $22632.00     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-21

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

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer