Schedule of Investments January 31, 2021 (Unaudited)

Schedule of Investments LSV Emerging Markets Equity Fund LSV Emerging Markets Equity Fund Shares Value (000) Shares Value (000) Hong Kong (continued) Foreign Common Stock (93.1%) , Cl H 7,500 $ 44 Brazil (2.3%) Asia Cement Holdings 33,500 29 Banco do Brasil 10,700 $ 67 BAIC Motor, Cl H 101,000 36 44 Camil Alimentos 22,500 , 32 EDP - Energias do Brasil 9,200 Cl H 79,000 43 38 JBS 8,600 Beijing Enterprises Holdings 9,000 30 Qualicorp Consultoria e China BlueChemical 90,000 18 Corretora de Seguros 3,000 17 China Everbright 32,000 41 32 Telefonica Brasil 3,900 52 230 China Everbright Bank, Cl H 127,000 China Hongqiao Group 63,000 56 China Lesso Group Holdings 31,000 51 Chile (1.5%) China Longyuan Power 35 AES Gener 210,700 Group, Cl H 79,000 116 Enel Americas 345,318 52 China Medical System Vina Concha y Toro 35,900 58 Holdings 44,000 63 145 China Minsheng Banking, Cl H 88,500 51 China Pacific Insurance China (7.8%) Group, Cl H 12,800 53 Baidu ADR* 990 233 China Petroleum & China CITIC Bank, Cl H 108,000 48 Chemical, Cl H 98,000 47 Great Wall Motor, Cl H 31,500 99 China Railway Group, Cl H 104,000 47 Haier Smart Home, Cl H* 22,400 92 China Reinsurance Group, Kunlun Energy 82,000 70 Cl H 557,000 58 Powerlong Real Estate China Suntien Green Holdings 92,000 60 Energy, Cl H 173,000 51 Pharmaceuticals China Traditional Chinese Holding, Cl H 36,000 62 Medicine Holdings 46,000 25 Shenzhen Expressway, Cl H 64,000 59 China Yongda Automobiles 47 Sinotrans, Cl H 167,000 56 Services Holdings 33,500 779 Chinasoft International 70,000 84 CIMC Enric Holdings 90,000 56 Holdings 36,000 43 Colombia (0.4%) Dongfang Electric, Cl H 76,200 73 Dongfeng Motor Group, Interconexion Electrica ESP 6,100 41 Cl H 42,000 42 Far East Horizon 56,000 58 27 Czech Republic (0.3%) FIT Hon Teng(A) 63,000 Guangzhou Baiyunshan Philip Morris CR 40 28 Pharmaceutical Holdings, Cl H 18,000 45 Guangzhou R&F Properties 17,600 22 (0.7%) Group 11,000 79 Eastern SAE 42,000 40 IGG 51,000 66 25 ElSewedy Electric 37,200 35 65 Jiangsu Expressway, Cl H 30,000 Kingboard Laminates Holdings 36,000 58 Lenovo Group 88,000 102 Greece (0.2%) Lonking Holdings 107,000 36 Motor Oil Hellas Corinth Luye Pharma Group 60,500 30 Refineries 1,400 20 NetDragon Websoft Holdings 16,000 38 , Hong Kong (26.8%) Cl H 13,900 52 3SBio* 34,000 32 Agile Group Holdings 22,000 27

1 Schedule of Investments January 31, 2021 (Unaudited)

LSV Emerging Markets Equity Fund LSV Emerging Markets Equity Fund Shares Value (000) Shares Value (000) Hong Kong (continued) Indonesia (1.5%) Nine Dragons Paper Bank Negara Indonesia Holdings 43,000 $ 66 Persero 67,200 $ 27 People's Insurance Group of Bukit Asam 81,200 15 China, Cl H 161,000 50 Matahari Department Store 142,600 12 PICC Property & Casualty, Telekomunikasi Indonesia Cl H 94,000 68 Persero 277,600 60 Shougang Fushan United Tractors 19,600 32 Resources Group 85,364 20 146 Engineering Group, Cl H 30,000 14 , Cl H 18,400 45 Malaysia (1.1%) 59 Sinotruk Hong Kong 19,000 AMMB Holdings 72,900 55 50 SSY Group 94,000 Bermaz Auto 49,200 17 82 TCL Electronics Holdings 95,000 RHB Bank 30,600 39 Vinda International Holdings 19,000 64 111 Holdings 62,000 45 Xtep International Holdings 119,000 54 YiChang HEC ChangJiang Mexico (1.5%) 23 Pharmaceutical, Cl H 19,600 Fibra Uno Administracion 20,400 23 Yuexiu Transport Grupo Financiero Banorte, 27 Infrastructure 40,000 Cl O* 10,000 50 32 Zhejiang Expressway, Cl H 40,000 Grupo Mexico 17,400 75 2,662 148

Hungary (0.3%) Philippines (1.9%) Magyar Telekom DMCI Holdings 402,100 44 Telecommunications 26,200 35 Globe Telecom 1,400 57 Metro Pacific Investments 388,200 33 PLDT 2,100 56 India (9.4%) 190 Aurobindo Pharma 4,600 57 Cyient 7,900 66 Firstsource Solutions 51,200 61 Poland (1.3%) Gujarat State Fertilizers & 67 17 Cyfrowy Polsat 8,120 Chemicals 15,900 Polskie Gornictwo Naftowe i 83 HCL Technologies 6,700 Gazownictwo 15,700 24 Indiabulls Housing Finance 3,100 8 Powszechny Zaklad JK Paper 9,500 17 Ubezpieczen 4,300 34 Jubilant Life Sciences 4,400 54 125 Just Dial* 5,000 41 KPIT Technologies 10,100 20 Mphasis 3,700 78 Russia (1.7%) NMDC 25,000 36 Gazprom PJSC ADR 11,300 63 Oil & Natural Gas 24,100 29 LUKOIL PJSC ADR 800 57 Persistent Systems 1,600 33 Mobile TeleSystems PJSC Power Finance 19,900 30 ADR 5,800 52 Power Grid Corp of India 15,500 39 172 REC 19,400 35 Redington India 33,800 63 Sonata Software 11,800 63 Singapore (0.3%) Torrent Power 8,700 37 Yangzijiang Shipbuilding UPL 8,200 63 Holdings 42,100 31 930

South Africa (2.7%) Absa Group 5,600 42

2 Schedule of Investments January 31, 2021 (Unaudited)

LSV Emerging Markets Equity Fund LSV Emerging Markets Equity Fund Shares Value (000) Shares Value (000) South Africa (continued) Taiwan (continued) African Rainbow Minerals 2,800 $ 50 Radiant Opto-Electronics 13,000 $ 53 Aspen Pharmacare Shin Kong Financial Holding 194,000 56 Holdings 2,400 23 Simplo Technology 4,000 52 Astral Foods 1,500 13 Sino-American Silicon Exxaro Resources 3,700 37 Products 13,000 70 Imperial Logistics 5,300 15 SinoPac Financial Holdings 139,000 54 MTN Group 7,200 30 Synnex Technology Oceana Group 9,970 43 International 36,000 58 Telkom SOC 7,500 17 Topco Scientific 16,000 68 270 Tripod Technology 11,000 50 Wistron 50,000 56 Yuanta Financial Holding 124,800 89 South Korea (13.9%) Zhen Ding Technology Daelim Industrial* 133 7 Holding 11,000 45 DB HiTek 1,200 66 1,270 DB Insurance 400 13 DL E&C* 166 17 DongKook Pharmaceutical 2,500 70 Thailand (1.7%) Hana Pharm* 1,100 23 Krung Thai Bank 96,200 37 Huons 990 49 Quality Houses 394,900 31 Hyundai Glovis 240 41 Thaifoods Group 293,600 52 Hyundai Greenfood 4,100 32 Vinythai 45,000 47 Hyundai Home Shopping 167 Network 500 35 Hyundai Marine & Fire Insurance 800 14 Turkey (1.6%) Kginicis 1,700 27 Coca-Cola Icecek 6,400 64 Kia Motors 1,300 94 Haci Omer Sabanci Holding 40,700 59 KT&G 500 36 Turkiye Sise ve Cam LG 700 62 Fabrikalari 35,400 35 158 Maeil Dairies* 400 25 S&T Motiv 900 58 Samsung Electronics 6,500 474 (0.7%) SFA Engineering 700 24 67 Shinhan Financial Group 1,600 44 Aldar Properties PJSC 70,700 Silicon Works 800 49 SK Telecom 200 44 United Kingdom (0.7%) Value Added Technology* 1,400 31 MMC Norilsk Nickel PJSC Vieworks* 1,700 49 1,384 ADR 2,000 65

Taiwan (12.8%) TOTAL FOREIGN COMMON STOCK (Cost $8,562) 9,239 ASE Technology Holding 20,000 65 Asia Cement 33,000 47 Asustek Computer 6,000 61 Cathay Financial Holding 25,859 37 China Life Insurance 60,063 49 Foreign Preferred Stock (1.6%) Chipbond Technology 15,000 37 Brazil (1.4%)** FLEXium Interconnect 9,000 38 Banco do Estado do Rio Fubon Financial Holding 42,000 68 Grande do Sul 22,800 56 Global Mixed Mode Cia Paranaense de Energia 4,600 55 Technology 10,000 61 Itausa 15,000 29 Hon Hai Precision Industry 11,000 44 140 Pou Chen 62,000 62 Primax Electronics 25,000 50

3 Schedule of Investments January 31, 2021 (Unaudited)

LSV Emerging Markets Equity Fund The following is a list of the level of inputs used as of January 31, 2021, in valuing the Fund’s investments carried at value ($ 000): Shares Value (000) Investments in Colombia (0.2%)** Securities Level 1 Level 2 Level 3 Total $ 15 Banco Davivienda 1,700 Foreign Common Stock Brazil $ 230 $ – $ – $ 230 TOTAL FOREIGN PREFERRED STOCK Chile 145 – – 145 (Cost $175) 155 China 233 546 – 779 Colombia 41 – – 41 Face Czech Amount Republic – 28 – 28 (000) Egypt – 65 – 65 Repurchase Agreement (2.1%) Greece – 20 – 20 Hong Kong – 2,662 – 2,662 South Street Securities Hungary – 35 – 35 0.020%, dated 01/29/21, India – 930 – 930 to be repurchased on Indonesia – 146 – 146 02/01/21, repurchase Malaysia – 111 – 111 price $207 (collateralized Mexico 148 – – 148 by various U.S. Treasury Philippines – 190 – 190 obligations, ranging in par Poland – 125 – 125 value $28 - $149, 0.125% Russia 109 63 – 172 - 0.375%, 04/15/21 - Singapore – 31 – 31 01/15/27; total market South Africa – 270 – 270 value $211) $ 207 207 South Korea 17 1,367 – 1,384 Taiwan – 1,270 – 1,270 TOTAL REPURCHASE AGREEMENT Thailand – 167 – 167 (Cost $207) 207 Turkey – 158 – 158 United Arab Emirates – 67 – 67 Total Investments – 96.8% United (Cost $8,944) $ 9,601 Kingdom – 65 – 65 Total Foreign Percentages are based on Net Assets of $9,918 (000). Common Stock 923 8,316 – 9,239 * Non-income producing security. Foreign Preferred Stock ** No rate available. Brazil 140 – – 140 Colombia 15 – – 15 ADR — American Depositary Receipt Total Foreign Cl — Class Preferred Stock 155 – – 155 PJSC — Public Joint Stock Company Total Repurchase Agreement – 207 – 207 Total Investments in Securities $ 1,078 $ 8,523 $ – $ 9,601

For the period ended January 31, 2021, there were no transfers in or out of Level 3.

For information on the Fund's policy regarding valuation of investments,

fair value hierarchy levels, and other significant accounting policies,

please refer to the Fund's most recent semiannual or annual financial

statements.

Amounts designated as “—“are $0 or have been rounded to $0.

LSV-QH-008-0500

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