Causeway Capital Management Trust NPORT-P Causeway International Opportunities Fund (Dec 2020 report)

SCHEDULE OF INVESTMENTS (000)*

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares		Value
COMMON STOCK
Argentina — 0.1%
MercadoLibre Inc.1		171	$	286
Brazil — 1.4%
Banco do Brasil SA1		77,900		582
JBS SA		147,700		673
Petrobras Distribuidora SA		100,600		428
Qualicorp Consultoria e Corretora de Seguros SA		34,600		233
Vale SA, Class B ADR		71,468		1,198
YDUQS Participacoes S.A.		29,000		184
				3,298
Canada — 1.2%
Air Canada, Class A1		161,200		2,884
China — 11.2%
Agile Property Holdings Ltd.		100,000		133
Alibaba Group Holding Ltd. ADR1		18,499		4,305
Anhui Conch Cement Co. Ltd., Class H		149,677		937
Baidu Inc. ADR1		5,953		1,287
Bank of China Ltd., Class H		1,506,000		515
China Construction Bank Corp., Class H		2,400,401		1,823
China Life Insurance Co. Ltd., Class H		90,000		199
China Lumena New Materials Corp.1,2,3		4,900		—
China Mobile Ltd.		25,516		145
China Mobile Ltd. ADR		416		12
China Petroleum & Chemical Corp., Class H		916,000		410
China Railway Group Ltd., Class H		295,000		130
Dongfeng Motor Group Co. Ltd., Class H		262,000		306
Fosun International Ltd.		254,000		399
Guangzhou R&F Properties Co. Ltd., Class H		237,200		305
Industrial & Commercial Bank of China, Class H		183,000		119
JD.com Inc. ADR1		16,173		1,422
JOYY Inc. ADR		3,377		270
Kweichow Moutai Co. Ltd., Class A		4,398		1,344
KWG Living Group Holdings Ltd.1		104,952		85
KWG Property Holding Ltd. 1		209,904		287
Lenovo Group Ltd.		324,000		306
NetEase Inc. ADR		5,810		557
New Oriental Education & Technology Group ADR1		3,746		696
Ping An Insurance Group Co. of China Ltd., Class H		83,006		1,017
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		95,839		169
Shenzhen Overseas Chinese Town Co. Ltd., Class A		360,100		390
Shimao Group Holdings Ltd.		143,500		457

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares		Value
China — (continued)
Sinopharm Group Co. Ltd., Class H		86,400	$	210
Tencent Holdings Ltd.		68,831		5,008
Vipshop Holdings Ltd. ADR1		26,340		740
Wuliangye Yibin Co. Ltd., Class A		24,900		1,111
Yum China Holdings Inc.		13,890		793
Zhejiang Expressway Co. Ltd., Class H		200,000		169
				26,056
Finland — 0.1%
Wartsila OYJ Abp		21,548		216
France — 12.4%
Airbus SE1		30,193		3,312
ArcelorMittal S.A.1		56,488		1,303
AXA SA		165,628		3,948
BNP Paribas SA1		62,668		3,300
Carrefour SA		111,226		1,906
Danone SA		43,082		2,829
Pernod Ricard S.A.		8,405		1,610
Sanofi-Aventis SA		42,071		4,045
TOTAL SE		68,743		2,964
Valeo S.A.		30,983		1,222
Vinci S.A.		22,774		2,264
				28,703
Germany — 9.3%
BASF SE		75,058		5,933
Bayer AG		31,185		1,837
Deutsche Post AG		8,312		412
Infineon Technologies AG		94,921		3,625
RWE AG		60,943		2,578
SAP SE		20,738		2,686
Siemens AG		32,090		4,622
				21,693
India — 2.9%
Aurobindo Pharma Ltd.		21,325		269
Biocon Ltd.1		25,039		160
Dr Reddy’s Laboratories Ltd. ADR		5,633		402
HCL Technologies Ltd.		51,549		668
HDFC Bank Ltd. ADR1		4,100		296
Hindalco Industries Ltd.		94,927		312
Hindustan Petroleum Corp. Ltd.		49,410		147
Hindustan Unilever Ltd.		15,875		520
ICICI Bank Ltd. ADR1		63,805		948
Infosys Ltd. ADR		42,672		723
Jubilant Foodworks Ltd.		8,711		333

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares		Value
India — (continued)
Oil & Natural Gas Corp. Ltd.		152,840	$	195
REC Ltd.		118,809		218
Reliance Industries Ltd.		35,349		960
Tata Steel Ltd.		76,488		674
				6,825
Indonesia — 0.1%
Indofood Sukses Makmur Tbk PT		531,556		259
Ireland — 1.3%
Ryanair Holdings PLC ADR1		26,740		2,941
Italy — 3.6%
Enel SpA		289,131		2,942
UniCredit SpA1		580,669		5,440
				8,382
Japan — 7.0%
Fanuc Corp.		14,700		3,629
Murata Manufacturing Co. Ltd.		45,300		4,101
Sompo Holdings Inc.		29,800		1,208
Sumitomo Mitsui Financial Group Inc.		81,700		2,532
Takeda Pharmaceutical Co. Ltd.		132,300		4,788
				16,258
Malaysia — 0.5%
Malayan Banking Bhd		189,214		398
Top Glove Corp. BHD		440,300		670
				1,068
Mexico — 0.3%
Gruma SAB de CV, Class B		7,423		88
Grupo Financiero Banorte SAB de CV, Class O1		109,895		606
				694
Netherlands — 3.7%
Akzo Nobel NV		34,995		3,756
ING Groep NV1		505,711		4,721
				8,477
Poland — 0.1%
Powszechny Zaklad Ubezpieczen SA1		33,350		290
Russia — 1.4%
Gazprom PJSC ADR		111,321		622
Lukoil PJSC ADR		12,079		824
MMC Norilsk Nickel PJSC ADR		16,355		510

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares			Value
Russia — (continued)
Mobile TeleSystems PJSC ADR		33,601		$	301
Sberbank of Russia PJSC ADR		60,663			881
					3,138
South Africa — 0.7%
Absa Group Ltd.		43,727			356
African Rainbow Minerals Ltd.		20,252			361
Barloworld Ltd.		19,645			122
Exxaro Resources Ltd.		11,549			109
Sibanye Stillwater Ltd.		163,044	��		666
					1,614
South Korea — 5.3%
Daelim Industrial Co. Ltd.2		1,304			102
Hana Financial Group Inc.		21,075			671
Hanwha Corp.		7,000			183
Hyundai Marine & Fire Insurance Co. Ltd.		5,720			120
KB Financial Group Inc.		19,361			769
Kia Motors Corp.		16,289			939
LG Corp.		6,267			506
LG Electronics Inc.		5,214			649
NAVER Corp.		2,613			704
POSCO		3,862			965
Samsung Electronics Co. Ltd.		67,787			5,062
SK Hynix Inc.		10,364			1,132
SK Telecom Co. Ltd.		2,316			509
					12,311
Spain — 5.4%
Aena SME S.A.1		15,117			2,626
Amadeus IT Group S.A.		45,164			3,286
Banco Bilbao Vizcaya Argentaria S.A.		741,950			3,657
CaixaBank SA		1,183,600			3,038
					12,607
Sweden — 0.8%
Volvo AB, Class B1		82,862			1,962
Switzerland — 8.6%
ABB Ltd.		139,147			3,903
Cie Financiere Richemont SA, Class A		40,207			3,632
Credit Suisse Group AG		4,021			52
Novartis AG		54,044			5,089
Roche Holding AG		10,720			3,734
Zurich Insurance Group AG		8,351			3,519
					19,929

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares		Value
Taiwan — 5.2%
Accton Technology Corp.		84,000	$	945
Arcadyan Technology Corp.		76,843		256
Compal Electronics Inc.		228,000		168
Compeq Manufacturing Co. Ltd.		175,000		271
FLEXium Interconnect Inc.		50,732		218
Fubon Financial Holding Co. Ltd.		280,396		467
HON HAI Precision Industry Co. Ltd.		244,292		800
Inventec Corp.		123,000		105
Lite-On Technology Corp.		122,896		218
MediaTek Inc.		45,000		1,196
Pegatron Corp.		61,938		148
Powertech Technology Inc.		147,000		497
Sino-American Silicon Products Inc.		108,000		682
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		49,331		5,379
WPG Holdings Ltd.		98,080		150
Yuanta Financial Holding Co. Ltd.		442,135		323
Zhen Ding Technology Holding Ltd.		68,000		276
				12,099
Thailand — 0.6%
Bangkok Dusit Medical Services PCL, Class F		183,000		127
Charoen Pokphand Foods PCL		613,300		547
Kiatnakin Phatra Bank PCL		58,800		101
Thanachart Capital PLC		188,600		218
Tisco Financial Group PCL		125,400		370
				1,363
Turkey — 0.2%
Haci Omer Sabanci Holding AS		67,920		105
Tekfen Holding AS		85,355		190
Turkcell Iletisim Hizmetleri AS		82,078		178
				473
United Kingdom — 10.2%
Balfour Beatty PLC1		306,559		1,133
Barclays PLC1		1,646,876		3,303
BP PLC		528,344		1,841
British American Tobacco PLC		98,521		3,648
Compass Group PLC		90,130		1,680
International Consolidated Airlines Group S.A.1		517,881		1,132
Prudential PLC		142,496		2,625
Rolls-Royce Group PLC1		4,411,002		6,711
WH Smith PLC		73,366		1,515
				23,588
Total Common Stock
(Cost $183,972) — 93.6%				217,414

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2020 (Unaudited)

Causeway International Opportunities Fund	Number of Shares/ Number of Warrants		Value
PREFERRED STOCK
Germany — 3.0%
Volkswagen AG‡		37,745	$	7,054
Total Preferred Stock
(Cost $6,396) — 3.0%				7,054
PREFERENCE STOCK
Brazil — 0.4%
Cia Brasileira de Distribuicao		17,700		256
Cia Paranaense de Energia1		16,400		236
Itausa S.A.		220,556		498
				990
South Korea — 0.3%
LG Chem Ltd.		1,593		561
Total Preference Stock
(Cost $1,459) — 0.7%				1,551
WARRANT
Cie Financiere Richemont SA, Expires 11/27/20231		80,414		21
Total Warrant
(Cost $—) — 0.0%				21
SHORT-TERM INVESTMENT
Invesco Short-Term Investment Trust: Government & Agency Portfolio, Institutional Class, 0.030% **		4,912,647		4,913
Total Short-Term Investment
(Cost $4,913) — 2.1%				4,913
Total Investments — 99.4%
(Cost $196,740)				230,953
Other Assets in Excess of Liabilities — 0.6%				1,376
Net Assets — 100.0%			$	232,329

* Except for share data.

** The rate reported is the 7-day effective yield as of December 31, 2020.

‡ 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, 2020 was $102 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, 2020 was $– and represented 0.0% of net assets.

ADR American Depositary Receipt

PJSC Public Joint-Stock Company

SCHEDULE OF INVESTMENTS (000) (continued)

December 31, 2020 (Unaudited)

The table below sets forth information about the Levels within the fair value hierarchy at which the Fund’s investments are measured at December 31, 2020:

Investments in Securities	Level 1		Level 2		Level 3†			Total
Common Stock
Argentina	$	286	$	—	$	—		$	286
Brazil		3,298		—		—			3,298
Canada		2,884		—		—			2,884
China		26,056		—		—	^		26,056
Finland		—		216		—			216
France		28,703		—		—			28,703
Germany		—		21,693		—			21,693
India		6,825		—		—			6,825
Indonesia		—		259		—			259
Ireland		2,941		—		—			2,941
Italy		—		8,382		—			8,382
Japan		—		16,258		—			16,258
Malaysia		1,068		—		—			1,068
Mexico		694		—		—			694
Netherlands		8,477		—		—			8,477
Poland		—		290		—			290
Russia		3,138		—		—			3,138
South Africa		1,614		—		—			1,614
South Korea		—		12,311		—			12,311
Spain		12,607		—		—			12,607
Sweden		—		1,962		—			1,962
Switzerland		—		19,929		—			19,929
Taiwan		12,099		—		—			12,099
Thailand		—		1,363		—			1,363
Turkey		473		—		—			473
United Kingdom		23,588		—		—			23,588
Total Common Stock		134,751		82,663		—			217,414
Preferred Stock		—		7,054		—			7,054
Preference Stock
Brazil		990		—		—			990
South Korea		—		561		—			561
Total Preference Stock		990		561		—			1,551
Warrant		—		21		—			21
Short-Term Investment		4,913		—		—			4,913
Total Investments in Securities	$	140,654	$	90,299	$	—		$	230,953

† 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.

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

For the period ended December 31, 2020, there were no transfers in or out of Level 3.

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

SCHEDULE OF INVESTMENTS (concluded)

December 31, 2020 (Unaudited)

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-004-2300