LSV Asset Management LSV CONSERVATIVE VAL EQ FD LSVFNDRV As of: 6/30/20 Base Currency: USD

SYMBOL CUSIP DESCRIPTION SHARES BASE PRICE BASE MARKET VALUE % of Portfolio MMM 88579Y101 3M CO COM 3,100 155.99 483,569.00 0.67% FITB 316773100 5TH 3RD BANCORP COM 10,100 19.28 194,728.00 0.27% ABT 002824100 ABBOTT LAB COM 2,400 91.43 219,432.00 0.30% ABBV 00287Y109 ABBVIE INC COM USD0.01 3,800 98.18 373,084.00 0.52% AYI 00508Y102 ACUITY BRANDS INC COM 700 95.74 67,018.00 0.09% AFL 001055102 AFLAC INC COM 7,400 36.03 266,622.00 0.37% AGCO 001084102 AGCO CORP COM 5,100 55.46 282,846.00 0.39% ALXN 015351109 ALEXION PHARMACEUTICALS INC COM 2,900 112.24 325,496.00 0.45% ALSN 01973R101 ALLISON TRANSMISSION HOLDING 4,900 36.78 180,222.00 0.25% ALL 020002101 ALLSTATE CORP COM 5,700 96.99 552,843.00 0.76% ALLY 02005N100 ALLY FINL INC COM 10,200 19.83 202,266.00 0.28% GOOGL 02079K305 ALPHABET INC CAPITAL STOCK USD0.001 CL A 200 1418.05 283,610.00 0.39% MO 02209S103 ALTRIA GROUP INC COM 15,500 39.25 608,375.00 0.84% DOX G02602103 AMDOCS ORD GBP0.01 4,000 60.88 243,520.00 0.34% AIG 026874784 AMERICAN INTERNATIONAL GROUP INC COM 3,400 31.18 106,012.00 0.15% AMP 03076C106 AMERIPRISE FINL INC COM 3,200 150.04 480,128.00 0.66% ABC 03073E105 AMERISOURCEBERGEN CORP COM 2,600 100.77 262,002.00 0.36% AMGN 031162100 AMGEN INC COM 1,900 235.86 448,134.00 0.62% NLY 035710409 ANNALY CAP MGMT INC COM 26,400 6.56 173,184.00 0.24% ANTM 036752103 ANTHEM INC COM 1,100 262.98 289,278.00 0.40% AMAT 038222105 APPLIED MATERIALS INC COM 9,500 60.45 574,275.00 0.79% ARNC 03966V107 ARCONIC CORPORATION COM USD0.01 2,975 13.93 41,441.75 0.06% T 00206R102 AT&T INC COM 62,500 30.23 1,889,375.00 2.61% BK 064058100 BANK NEW YORK MELLON CORP COM STK 15,000 38.65 579,750.00 0.80% BAC 060505104 BANK OF AMERICA CORP 57,900 23.75 1,375,125.00 1.90% BRK/B 084670702 BERKSHIRE HATHAWAY INC-CL B 10,500 178.51 1,874,355.00 2.59% BBY 086516101 BEST BUY INC COM STK 5,000 87.27 436,350.00 0.60% BIIB 09062X103 BIOGEN INC COMMON STOCK 1,900 267.55 508,345.00 0.70% BWA 099724106 BORG WARNER INC COM 8,800 35.30 310,640.00 0.43% BDN 105368203 BRANDYWINE RLTY TR SH BEN INT NEW REIT 18,900 10.89 205,821.00 0.28% BMY 110122108 BRISTOL MYERS SQUIBB CO COM 15,900 58.80 934,920.00 1.29% BMY. 110122157 BRISTOL MYERS SQUIBB CO CONTINGENT VALUE RIGHTS 6,000 3.58 21,480.00 0.03% BRX 11120U105 BRIXMOR PPTY GROUP INC COM 13,900 12.82 178,198.00 0.25% COF 14040H105 CAPITAL ONE FINL CORP COM 3,200 62.59 200,288.00 0.28% CAH 14149Y108 CARDINAL HLTH INC 7,600 52.19 396,644.00 0.55% CARR 14448C104 CARRIER GLOBAL CORPORATION COM USD0.01 WI 3,200 22.22 71,104.00 0.10% CAT 149123101 CATERPILLAR INC COM 1,670 126.50 211,255.00 0.29% CE 150870103 CELANESE CORP DEL COM SER A STK 3,600 86.34 310,824.00 0.43% CTL 156700106 CENTURYLINK INC COM 34,600 10.03 347,038.00 0.48% CVX 166764100 CHEVRON CORP COM 7,300 89.23 651,379.00 0.90% CI 125523100 CIGNA CORP NEW COM 2,400 187.65 450,360.00 0.62% CSCO 17275R102 CISCO SYSTEMS INC 24,400 46.64 1,138,016.00 1.57% CIT 125581801 CIT GROUP INC NEW COM NEW COM NEW 5,500 20.73 114,015.00 0.16% C 172967424 CITIGROUP INC COM NEW COM NEW 20,100 51.10 1,027,110.00 1.42% CFG 174610105 CITIZENS FINL GROUP INC COM 12,200 25.24 307,928.00 0.43% CMCSA 20030N101 COMCAST CORP NEW-CL A 23,700 38.98 923,826.00 1.28% COP 20825C104 CONOCOPHILLIPS COM 14,600 42.02 613,492.00 0.85% CTB 216831107 COOPER TIRE & RUBBER CO COM, NO PAR 7,900 27.61 218,119.00 0.30% CMI 231021106 CUMMINS INC 3,600 173.26 623,736.00 0.86% CVS 126650100 CVS HEALTH CORP COM 14,000 64.97 909,580.00 1.26% DHI 23331A109 D R HORTON INC COM 10,800 55.45 598,860.00 0.83% DVA 23918K108 DAVITA INC COM 5,400 79.14 427,356.00 0.59% DAL 247361702 DELTA AIR LINES INC DEL COM NEW COM NEW 7,900 28.05 221,595.00 0.31% DVN 25179M103 DEVON ENERGY CORP NEW COM 17,400 11.34 197,316.00 0.27% DKS 253393102 DICKS SPORTING GOODS INC OC-COM OC-COM 6,600 41.26 272,316.00 0.38% DFS 254709108 DISCOVER FINL SVCS COM STK 5,200 50.09 260,468.00 0.36% DISCA 25470F104 DISCOVERY INC - A 7,000 21.10 147,700.00 0.20% DISH 25470M109 DISH NETWORK CORP CL A COM STK 8,700 34.51 300,237.00 0.42% UFS 257559203 DOMTAR CORP COM NEW COM NEW 6,800 21.11 143,548.00 0.20% DUK 26441C204 DUKE ENERGY CORP NEW COM NEW COM NEW 2,500 79.89 199,725.00 0.28% DXC 23355L106 DXC TECHNOLOGY CO COM 3,109 16.50 51,298.50 0.07% EMN 277432100 EASTMAN CHEM CO COM 4,700 69.64 327,308.00 0.45% EBAY 278642103 EBAY INC COM USD0.001 5,800 52.45 304,210.00 0.42% EIX 281020107 EDISON INTL COM 3,900 54.31 211,809.00 0.29% EMR 291011104 EMERSON ELECTRIC CO COM 3,600 62.03 223,308.00 0.31% ETR 29364G103 ENTERGY CORP NEW COM 3,400 93.81 318,954.00 0.44% EXC 30161N101 EXELON CORP COM 13,400 36.29 486,286.00 0.67% XOM 30231G102 EXXON MOBIL CORP COM 17,200 44.72 769,184.00 1.06% FL 344849104 FOOT LOCKER INC COM 6,600 29.16 192,456.00 0.27% F 345370860 FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01 64,800 6.08 393,984.00 0.55% FBHS 34964C106 FORTUNE BRANDS HOME & SEC INC COM 3,500 63.93 223,755.00 0.31% FSK 302635206 FS KKR CAP CORP COM NEW COM NEW 12,100 14.00 169,400.00 0.23% GM 37045V100 GEN MTRS CO COM 17,500 25.30 442,750.00 0.61% GD 369550108 GENERAL DYNAMICS CORP COM 3,200 149.46 478,272.00 0.66% GIS 370334104 GENERAL MILLS INC COM 6,000 61.65 369,900.00 0.51% GILD 375558103 GILEAD SCIENCES INC 11,500 76.94 884,810.00 1.22% GS 38141G104 GOLDMAN SACHS GROUP INC COM 3,300 197.62 652,146.00 0.90% GT 382550101 GOODYEAR TIRE & RUBBER CO COM 10,300 8.95 92,133.50 0.13% HOG 412822108 HARLEY DAVIDSON COM USD0.01 5,400 23.77 128,358.00 0.18% HIG 416515104 HARTFORD FINL SVCS GROUP INC COM 10,700 38.55 412,485.00 0.57% HCA 40412C101 HCA HEALTHCARE INC COM 2,700 97.06 262,062.00 0.36% HPE 42824C109 HEWLETT PACKARD ENTERPRISE CO COM 31,200 9.73 303,576.00 0.42% HFC 436106108 HOLLYFRONTIER CORP COM 8,100 29.20 236,520.00 0.33% HD 437076102 HOME DEPOT INC COM 1,200 250.51 300,612.00 0.42% HST 44107P104 HOST HOTELS & RESORTS INC REIT 23,600 10.79 254,644.00 0.35% HWM 443201108 HOWMET AEROSPACE INC COM USD1.00 WI 11,900 15.85 188,615.00 0.26% HPQ 40434L105 HP INC COM 25,900 17.43 451,437.00 0.62% HUN 447011107 HUNTSMAN CORP COM STK 8,800 17.97 158,136.00 0.22% ILPT 456237106 INDUSTRIAL LOGISTICS PPTYS TR COM SHS BEN INT COM SHS BEN INT 10,100 20.55 207,555.00 0.29% INGR 457187102 INGREDION INC COM 3,100 83.00 257,300.00 0.36% INTC 458140100 INTEL CORP COM 31,700 59.83 1,896,611.00 2.62% IBM 459200101 INTERNATIONAL BUSINESS MACHS CORP COM 5,200 120.77 628,004.00 0.87% JBLU 477143101 JETBLUE AWYS CORP COM 15,100 10.90 164,590.00 0.23% JNJ 478160104 JOHNSON & JOHNSON COM USD1 16,400 140.63 2,306,332.00 3.19% JPM 46625H100 JPMORGAN CHASE & CO COM 16,800 94.06 1,580,208.00 2.19% JNPR 48203R104 JUNIPER NETWORKS INC COM 11,800 22.86 269,748.00 0.37% KEY 493267108 KEYCORP NEW COM 16,900 12.18 205,842.00 0.28% KMB 494368103 KIMBERLY-CLARK CORP COM 3,100 141.35 438,185.00 0.61% KSS 500255104 KOHLS CORP COM 6,200 20.77 128,774.00 0.18% KHC 500754106 KRAFT HEINZ CO COM 17,300 31.89 551,697.00 0.76% KR 501044101 KROGER CO COM 18,000 33.85 609,300.00 0.84% LHX 502431109 L3HARRIS TECHNOLOGIES INC COM 2,000 169.67 339,340.00 0.47% LRCX 512807108 LAM RESH CORP COM 0 - 0.00 0.00% LEA 521865204 LEAR CORP COM NEW COM NEW 2,600 109.02 283,452.00 0.39% LEN 526057104 LENNAR CORP CL A CL A 5,100 61.62 314,262.00 0.43% LNC 534187109 LINCOLN NATL CORP COM 6,700 36.79 246,493.00 0.34% LYB N53745100 LYONDELLBASELL IND N V COM USD0.01 CL 'A' 7,200 65.72 473,184.00 0.65% MDC 552676108 M D C HLDGS INC COM 7,900 35.70 282,030.00 0.39% MAN 56418H100 MANPOWERGROUP INC 3,200 68.75 220,000.00 0.30% MPC 56585A102 MARATHON PETE CORP COM 10,100 37.38 377,538.00 0.52% MCD 580135101 MC DONALDS CORP COM 1,700 184.47 313,599.00 0.43% MCK 58155Q103 MCKESSON CORP 3,300 153.42 506,286.00 0.70% MDT G5960L103 MEDTRONIC PLC COMMON STOCK STOCK 2,400 91.70 220,080.00 0.30% MRK 58933Y105 MERCK & CO INC NEW COM 5,700 77.33 440,781.00 0.61% MET 59156R108 METLIFE INC COM STK USD0.01 13,400 36.52 489,368.00 0.68% MTG 552848103 MGIC INVT CORP WIS COM 14,300 8.19 117,117.00 0.16% MU 595112103 MICRON TECH INC COM 7,000 51.52 360,640.00 0.50% TAP 60871R209 MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B 5,900 34.36 202,724.00 0.28% MS 617446448 MORGAN STANLEY COM STK USD0.01 12,800 48.30 618,240.00 0.86% NAVI 63938C108 NAVIENT CORP COM 17,400 7.03 122,322.00 0.17% NTAP 64110D104 NETAPP INC COM STK 4,100 44.37 181,917.00 0.25% NEE 65339F101 NEXTERA ENERGY INC COM 1,100 240.17 264,187.00 0.37% NRG 629377508 NRG ENERGY INC COM NEW 12,200 32.56 397,232.00 0.55% NUE 670346105 NUCOR CORP COM 3,700 41.41 153,217.00 0.21% OPI 67623C109 OFFICE PPTYS INCOME TR COM SHS BEN INT COM SHS BEN INT 3,536 25.97 91,829.92 0.13% OHI 681936100 OMEGA HEALTHCARE INVS INC REIT 7,400 29.73 220,002.00 0.30% ORCL 68389X105 ORACLE CORP COM 5,700 55.27 315,039.00 0.44% OSK 688239201 OSHKOSH CORPORATION 3,500 71.62 250,670.00 0.35% OUT 69007J106 OUTFRONT MEDIA INC COM 9,900 14.17 140,283.00 0.19% OC 690742101 OWENS CORNING NEW COM STK 4,400 55.76 245,344.00 0.34% PRSP 715347100 PERSPECTA INC COM 1,554 23.23 36,099.42 0.05% PFE 717081103 PFIZER INC COM 45,800 32.70 1,497,660.00 2.07% PM 718172109 PHILIP MORRIS INTL COM STK NPV 11,000 70.06 770,660.00 1.07% PSX 718546104 PHILLIPS 66 COM 6,500 71.90 467,350.00 0.65% PPC 72147K108 PILGRIMS PRIDE CORP 5,900 16.89 99,651.00 0.14% PNC 693475105 PNC FINANCIAL SERVICES GROUP COM STK 3,600 105.21 378,756.00 0.52% PPL 69351T106 PPL CORP COM ISIN US69351T1060 18,000 25.84 465,120.00 0.64% PFG 74251V102 PRINCIPAL FINL GROUP INC COM STK 3,400 41.54 141,236.00 0.20% PG 742718109 PROCTER & GAMBLE COM NPV 5,600 119.57 669,592.00 0.93% PRU 744320102 PRUDENTIAL FINL INC COM 5,800 60.90 353,220.00 0.49% PEG 744573106 PUB SERVICE ENTERPRISE GROUP INC COM 7,600 49.16 373,616.00 0.52% RDN 750236101 RADIAN GROUP INC COM 9,600 15.51 148,896.00 0.21% RTX 75513E101 RAYTHEON TECHNOLOGIES CORP 3,000 61.62 184,860.00 0.26% REGN 75886F107 REGENERON PHARMACEUTICALS INC COM 500 623.65 311,825.00 0.43% RF 7591EP100 REGIONS FINL CORP NEW COM 20,600 11.12 229,072.00 0.32% RGA 759351604 REINSURANCE GROUP AMER INC COM NEW STK 2,000 78.44 156,880.00 0.22% RCL V7780T103 ROYAL CARIBBEAN CRUISES COM STK 4,100 50.30 206,230.00 0.29% LUV 844741108 S.W. AIRL CO COM 5,900 34.18 201,662.00 0.28% STX G7945M107 SEAGATE TECHNOLOGY PLC COM USD0.00001 6,300 48.41 304,983.00 0.42% SVC 81761L102 SERVICE PPTYS TR COM SH BEN INT 10,000 7.09 70,900.00 0.10% SNBR 83125X103 SLEEP NUMBER CORP COM 4,500 41.64 187,380.00 0.26% SJM 832696405 SMUCKER J M CO COM NEW 3,000 105.81 317,430.00 0.44% SNA 833034101 SNAP-ON INC COM 2,500 138.51 346,275.00 0.48% SRC 84860W300 SPIRIT REALTY CAPITAL INC COM USD0.01(POST REV SPLIT) 5,000 34.86 174,300.00 0.24% STT 857477103 STATE STR CORP COM 7,900 63.55 502,045.00 0.69% STLD 858119100 STEEL DYNAMICS INC COM 10,300 26.09 268,727.00 0.37% SCS 858155203 STEELCASE INC CL A COM 15,600 12.06 188,136.00 0.26% SYF 87165B103 SYNCHRONY FINL COM 10,800 22.16 239,328.00 0.33% SNV 87161C501 SYNOVUS FINL CORP COM NEW COM NEW 8,200 20.53 168,346.00 0.23% TGT 87612E106 TARGET CORP COM STK 6,300 119.93 755,559.00 1.05% TGNA 87901J105 TEGNA INC COM 8,600 11.14 95,804.00 0.13% TXT 883203101 TEXTRON INC COM 9,100 32.91 299,481.00 0.41% TOL 889478103 TOLL BROS INC COM 6,700 32.59 218,353.00 0.30% TRV 89417E109 TRAVELERS COS INC COM STK 2,200 114.05 250,910.00 0.35% TSN 902494103 TYSON FOODS INC CL A COM (DELAWARE) 6,900 59.71 411,999.00 0.57% UAL 910047109 UNITED AIRLINES HOLDINGS INC COM USD0.01 6,200 34.61 214,582.00 0.30% URI 911363109 UNITED RENTALS INC COM 1,400 149.04 208,656.00 0.29% UHS 913903100 UNVL HEALTH SERVICES INC CL B COM 2,200 92.89 204,358.00 0.28% USB 902973304 US BANCORP 5,800 36.82 213,556.00 0.30% VLO 91913Y100 VALERO ENERGY CORP COM STK NEW 7,200 58.82 423,504.00 0.59% VER 92339V100 VEREIT INC COM USD0.001 24,900 6.43 160,107.00 0.22% VZ 92343V104 VERIZON COMMUNICATIONS COM 33,000 55.13 1,819,290.00 2.52% VIAC 92556H206 VIACOMCBS INC NPV CLASS B 11,700 23.32 272,844.00 0.38% VST 92840M102 VISTRA CORP COM USD0.01 15,400 18.62 286,748.00 0.40% WBA 931427108 WALGREENS BOOTS ALLIANCE INC COM 12,100 42.39 512,919.00 0.71% WMT 931142103 WALMART INC COM 4,800 119.78 574,944.00 0.80% DIS 254687106 WALT DISNEY CO 6,200 111.51 691,362.00 0.96% WFC 949746101 WELLS FARGO & CO NEW COM STK 29,500 25.60 755,200.00 1.04% WU 959802109 WESTERN UNION CO 10,800 21.62 233,496.00 0.32% WRK 96145D105 WESTROCK CO COM 9,600 28.26 271,296.00 0.38% WHR 963320106 WHIRLPOOL CORP COM 2,200 129.53 284,966.00 0.39% WYND 98310W108 WYNDHAM DESTINATIONS INC COM STK 6,200 28.18 174,716.00 0.24% XHR 984017103 XENIA HOTELS & RESORTS INC COM 10,600 9.33 98,898.00 0.14% XRX 98421M106 XEROX HLDGS CORP COM NEW COM NEW 8,500 15.29 129,965.00 0.18% ZION 989701107 ZIONS BANCORPORATION N A 7,200 34.00 244,800.00 0.34%

Total 1,790,444 72,244,560.09 99.95%

Cash Balance - Trade 35,635.23 0.05%

Portfolio Total Including Cash 72,280,195.32 100.00%