Causeway Capital Management Trust NPORT-P Causeway Emerging Markets Fund (Dec 2019 report)

SCHEDULE OF INVESTMENTS (000)*

December 31, 2019 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
COMMON STOCK
Brazil — 7.0%
Banco do Brasil SA1		3,428,094	$	45,013
CPFL Energia S.A.		1,414,000		12,496
JBS SA		8,149,400		52,267
Minerva SA1		2,696,700		8,608
MRV Engenharia e Participacoes SA		2,028,150		10,865
Petrobras Distribuidora SA		2,392,400		17,883
Petroleo Brasileiro SA, Class A ADR		1,360,700		20,302
Qualicorp Consultoria e Corretora de Seguros SA		1,662,900		15,336
Sul America SA		927,700		13,818
Telefonica Brasil SA ADR		1,773,803		25,401
Vale SA, Class B ADR1		3,939,359		52,000
YDUQS Part		1,505,100		17,772
				291,761
China — 34.3%
Agile Group Holdings Ltd.		5,132,372		7,719
Alibaba Group Holding Ltd. ADR1		1,113,971		236,273
Anhui Conch Cement Co. Ltd., Class H		7,451,613		54,317
Baidu Inc. ADR1		193,200		24,420
Bank of China Ltd., Class H		73,665,922		31,481
China Communications Construction Co. Ltd., Class H		17,759,356		14,472
China Construction Bank Corp., Class H		161,187,000		139,213
China Lumena New Materials Corp.1,2,3		10,564,000		—
China Mobile Ltd.		4,429,500		37,233
China Mobile Ltd. ADR		465,860		19,692
China Petroleum & Chemical Corp., Class H		65,425,192		39,378
China Railway Construction Corp. Ltd., Class H		16,440,500		17,997
China Railway Group Ltd., Class H		263		—
CNOOC Ltd.		35,407,000		58,888
Country Garden Holdings Co. Ltd.		13,629,000		21,828
Daqin Railway Co. Ltd., Class A		8,955,145		10,555
Dongfeng Motor Group Co. Ltd., Class H		16,178,000		15,218
Fosun International Ltd.		14,687,500		21,412
Guangzhou R&F Properties Co. Ltd., Class H		5,811,040		10,724
Industrial & Commercial Bank of China, Class H		37,026,000		28,509
JD.com Inc. ADR1		705,400		24,851
JOYY Inc. ADR1		38		2
Kweichow Moutai Co. Ltd., Class A		85,800		14,571
KWG Property Holding Ltd.		10,015,000		14,035
Lenovo Group Ltd.		25,866,000		17,361
Momo Inc. ADR		511,200		17,125
New Oriental Education & Technology Group ADR1		330,892		40,121
PetroChina Co. Ltd., Class H		23,418,000		11,751
Ping An Insurance Group Co. of China Ltd., Class H		7,503,838		88,691
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		6,254,836		12,169

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SCHEDULE OF INVESTMENTS (000)*(continued)

December 31, 2019 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
China — (continued)
Shimao Property Holdings Ltd.		6,371,500	$	24,693
Sinopharm Group Co. Ltd., Class H		7,798,800		28,474
Sunac China Holdings Ltd.		4,924,000		29,415
Tencent Holdings Ltd.		4,918,289		237,069
Vipshop Holdings Ltd. ADR1		1,951,243		27,649
Wuliangye Yibin Co. Ltd., Class A		451,519		8,622
Yum China Holdings Inc.		742,879		35,666
Zhejiang Expressway Co. Ltd., Class H		10,729,421		9,776
				1,431,370
Czech Republic — 0.2%
CEZ AS		329,715		7,410
India — 8.1%
Aurobindo Pharma Ltd.		2,431,372		15,562
Dr Reddy’s Laboratories Ltd.		431,063		17,360
HCL Technologies Ltd.		3,511,476		27,948
Hindalco Industries Ltd.		7,994,461		24,209
Hindustan Unilever Ltd.		1,714,675		46,195
ICICI Bank Ltd. ADR		3,450,135		52,062
Jubilant Foodworks Ltd.		832,026		19,260
Larsen & Toubro Ltd.		1,180,623		21,473
REC Ltd.		8,951,334		17,946
Reliance Industries Ltd.		2,619,520		55,564
State Bank of India1		5,785,529		27,052
Tata Consultancy Services Ltd.		385,934		11,688
				336,319
Indonesia — 0.4%
Bank Rakyat Indonesia Persero		53,698,040		16,997
Malaysia — 0.5%
AirAsia Group Bhd		17,269,300		7,177
Malayan Banking Bhd		7,172,344		15,150
				22,327
Mexico — 1.7%
Grupo Financiero Banorte SAB de CV, Class O		5,496,411		30,686
Kimberly-Clark de Mexico SAB de CV, Class A		4,456,207		8,869
Wal-Mart de Mexico SAB de CV		11,075,140		31,795
				71,350
Peru — 0.8%
Credicorp Ltd.		158,525		33,786

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SCHEDULE OF INVESTMENTS (000)*(continued)

December 31, 2019 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
Poland — 0.8%
Polski Koncern Naftowy Orlen SA		552,409	$	12,495
Powszechny Zaklad Ubezpieczen SA		1,954,970		20,648
				33,143
Russia — 7.5%
Gazprom PJSC ADR		9,757,686		80,286
Lukoil PJSC ADR		815,891		80,920
MMC Norilsk Nickel PJSC ADR		1,231,733		37,629
Mobile TeleSystems PJSC ADR		2,760,445		28,019
Sberbank of Russia PJSC ADR		4,621,886		75,984
X5 Retail Group NV GDR		308,327		10,637
				313,475
Saudi Arabia — 0.8%
Mobile Telecommunications Co. Saudi Arabia1		2,724,346		8,526
Saudi Telecom Co.		963,089		26,136
				34,662
South Africa — 1.4%
Absa Group Ltd.		2,442,915		26,041
AngloGold Ashanti Ltd. ADR		737,600		16,478
Exxaro Resources Ltd.		1,819,793		17,039
				59,558
South Korea — 13.5%
Daelim Industrial Co. Ltd.		194,381		15,206
Fila Korea Ltd.		460,414		21,038
Hana Financial Group Inc.		1,163,508		37,009
Hanwha Corp.		477,629		10,301
Hyundai Marine & Fire Insurance Co. Ltd.		335,545		7,810
KB Financial Group Inc.		994,649		40,977
Kia Motors Corp.		937,747		35,813
LG Corp.		312,142		19,889
LG Electronics Inc.		352,928		21,923
Meritz Securities Co. Ltd.		2,680,894		8,764
POSCO		160,269		32,577
POSCO ADR		174,295		8,823
Samsung Electronics Co. Ltd.		4,730,238		227,936
SK Hynix Inc.		603,710		49,104
SK Telecom Co. Ltd.		132,359		27,272
SK Telecom Co. Ltd. ADR		10,856		251
				564,693
Taiwan — 13.0%
Accton Technology Corp.		4,025,000		22,557
Catcher Technology Co. Ltd.		2,857,468		21,638
Delta Electronics Inc.		3,063,716		15,484
FLEXium Interconnect Inc.		3,138,000		11,986

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SCHEDULE OF INVESTMENTS (000)*(continued)

December 31, 2019 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
Taiwan — (continued)
Fubon Financial Holding Co. Ltd.		18,721,000	$	28,978
HON HAI Precision Industry Co. Ltd.		14,698,298		44,521
King Yuan Electronics Co. Ltd.		11,264,000		14,109
Largan Precision Co. Ltd.		124,000		20,682
Lite-On Technology Corp.		12,024,202		19,795
MediaTek Inc.		3,382,000		50,036
Pegatron Corp.		7,826,000		17,857
Powertech Technology Inc.		5,828,000		19,403
Taiwan Semiconductor Manufacturing Co. Ltd.		1,679,000		18,539
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		3,363,661		195,429
Win Semiconductors Corp.		1,521,000		14,917
Yuanta Financial Holding Co. Ltd.		40,604,408		27,361
				543,292
Thailand — 2.4%
Charoen Pokphand Foods PCL		25,080,300		22,992
CP ALL		6,691,200		16,123
Kiatnakin Bank PCL		4,620,600		10,172
PTT PCL		10,759,200		15,787
Thanachart Capital		7,925,500		14,141
Tisco Financial Group PCL		6,461,200		21,391
				100,606
Turkey — 1.0%
Tekfen Holding AS		4,071,398		13,222
Turkcell Iletisim Hizmetleri AS		5,723,551		13,277
Turkiye Garanti Bankasi AS1		8,306,836		15,555
				42,054
Total Common Stock
(Cost $3,345,223) — 93.4%				3,902,803
PREFERENCE STOCK
Brazil — 2.8%
Cia Brasileira de Distribuicao1‡		1,067,184		23,253
Cia Paranaense de Energia		867,700		14,898
Itausa - Investimentos Itau SA‡		23,187,041		81,215
Total Preference Stock
(Cost $103,829) — 2.8%				119,366
WARRANTS
MSCI China A Market Access, Expires 10/16/20201		47,204		48,679
MSCI China A Market Access, Expires 8/17/20201		41,421		43,516
Total Warrants
(Cost $85,752) — 2.2%				92,195

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SCHEDULE OF INVESTMENTS (000)*(continued)

December 31, 2019 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
SHORT-TERM INVESTMENT
Invesco Short-Term Investment Trust: Government & Agency Portfolio, Institutional Class, 1.500% **		44,366,156	$	44,366
Total Short-Term Investment
(Cost $44,366) — 1.1%				44,366
Total Investments — 99.5%
(Cost $3,579,170)				4,158,730
Other Assets in Excess of Liabilities — 0.5%				21,977
Net Assets — 100.0%			$	4,180,707

A list of the open futures contracts held by the Fund at December 31, 2019, is as follows:

Type of Contract	Number of Contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation
MSCI Emerging Markets	602	Mar-2020	$                 33,335	$          33,718	$                      383

* Except for share data.

** The rate reported is the7-day effective yield as of December 31, 2019.

‡ There is currently no rate available.

1 Non-income producing security.

2 Securities considered illiquid. The total market value of such securities as of December 31, 2019 was $– and represented 0.0% of net assets.

3 Level 3 security in accordance with fair value hierarchy. Security fair valued using methods determined in good faith by the Fair Value Committee designated by the Board of Trustees. The total market value of such securities as of December 31, 2019 was $– and represented 0.0% of net assets.

ADR     American Depositary Receipt

Amounts designated as “—” are $0.

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SCHEDULE OF INVESTMENTS (000)(concluded)

December 31, 2019 (Unaudited)

The table below sets forth information about the Levels within the fair value hierarchy at which the Fund’s investments and other financial instruments are measured at December 31, 2019:

Investments in Securities	Level 1		Level 2		Level 3††		Total
Common Stock
Brazil	$	291,761	$	—	$	—	$	291,761
China		1,431,370		—		—^		1,431,370
Czech Republic		7,410		—		—		7,410
India		336,319		—		—		336,319
Indonesia		—		16,997		—		16,997
Malaysia		22,327		—		—		22,327
Mexico		71,350		—		—		71,350
Peru		33,786		—		—		33,786
Poland		—		33,143		—		33,143
Russia		313,475		—		—		313,475
Saudi Arabia		34,662		—		—		34,662
South Africa		59,558		—		—		59,558
South Korea		9,074		555,619		—		564,693
Taiwan		543,292		—		—		543,292
Thailand		—		100,606		—		100,606
Turkey		42,054		—		—		42,054
Total Common Stock		3,196,438		706,365		—		3,902,803
Preference Stock		119,366		—		—		119,366
Warrants		—		92,195		—		92,195
Short-Term Investment		44,366		—		—		44,366
Total Investments in Securities	$	3,360,170	$	798,560	$	—	$	4,158,730
Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	383	$	—	$	—	$	383
Other Financial Instruments	$	383	$	—	$	—	$	383

* Futures contracts are valued at the unrealized appreciation on the instruments.

†† A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the period ended December 31, 2019, there were no transfers in or out of Level 3.

^ Security is fair valued at zero due to company’s insolvency. Level 3 security in accordance with fair value hierarchy.

For information on the Fund’s policies regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to the Fund’s most recent semi-annual and annual financial statements.

CCM-QH-002-2600

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