Causeway Capital Management Trust NPORT-P Causeway Emerging Markets Fund (Dec 2021 report)

SCHEDULE OF INVESTMENTS (000)*

December 31, 2021 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
COMMON STOCK
Brazil — 3.5%
Banco do Brasil SA		2,208,194	$	11,437
JBS SA		3,993,200		27,207
Marfrig Global Foods S.A.		1,054,300		4,177
Petroleo Brasileiro SA, Class A ADR		2,154,066		21,778
SLC Agricola S.A.		649,500		5,251
Vibra Energia S.A.		1,525,000		5,859
				75,709
China — 24.2%
360 DigiTech Inc. ADR		402,472		9,229
Alibaba Group Holding Ltd. ADR 1		382,427		45,428
Anhui Conch Cement Co. Ltd., Class H		1,418,613		7,085
Baidu Inc. ADR 1		17,831		2,653
BYD Co. Ltd., Class H		584,500		19,980
China Coal Energy Co. Ltd., Class H		8,543,000		4,929
China Construction Bank Corp., Class H		89,702,000		62,107
China Everbright Environment Group Ltd.		15,045,000		12,076
China Life Insurance Co. Ltd., Class H		4,868,000		8,064
China Lumena New Materials Corp. 1,2,3,4		264,100		—
China National Building Material Co. Ltd., Class H		8,510,000		10,431
China Railway Group Ltd., Class H		12,527,000		6,617
CITIC Ltd.		9,932,000		9,805
Contemporary Amperex Technology Co. Ltd., Class A		66,540		6,136
COSCO SHIPPING Holdings Co. Ltd., Class H 1		11,484,400		22,264
Dongfeng Motor Group Co. Ltd., Class H		10,416,000		8,654
Ganfeng Lithium Co. Ltd., Class H		545,000		8,574
Guangzhou Tinci Materials Technology Co. Ltd., Class A		132,800		2,388
Industrial & Commercial Bank of China, Class H		24,846,000		14,017
JD.com Inc. ADR 1		311,704		21,841
Jiangxi Copper Co. Ltd., Class H		2,877,000		4,604
Lenovo Group Ltd.		11,392,000		13,087
Li Ning Co. Ltd.		2,018,000		22,083
PetroChina Co. Ltd., Class H		39,888,000		17,747
PICC Property & Casualty Co. Ltd., Class H		17,344,000		14,166
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		3,034,836		5,751
Silergy Corp.		58,000		10,498
Tencent Holdings Ltd.		1,924,789		112,734
Tongwei Co. Ltd., Class A		1,918,792		13,529
Wuxi Biologics Cayman Inc. 1		1,692,500		20,084
Wuxi Lead Intelligent Equipment Co. Ltd., Class A		212,580		2,479
Xinyi Glass Holdings Ltd.		1,500,000		3,750
Zhejiang Expressway Co. Ltd., Class H		5,469,421		4,874
				527,664
India — 13.4%
Balkrishna Industries Ltd.		203,781		6,362

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2021 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
India — (continued)
Cipla Ltd.		852,575	$	10,815
Container Corp. of India Ltd.		501,989		4,145
Dabur India Ltd.		864,651		6,739
HDFC Bank Ltd. ADR		22,967		1,494
Hindalco Industries Ltd.		6,455,593		41,250
Hindustan Petroleum Corp. Ltd.		2,156,798		8,473
ICICI Bank Ltd. ADR		1,386,293		27,435
Infosys Ltd. ADR		1,708,776		43,249
ITC Ltd.		1,595,805		4,676
Marico Ltd.		464,518		3,200
Oil & Natural Gas Corp. Ltd.		6,177,532		11,820
REC Ltd.		4,629,609		8,323
State Bank of India		3,122,878		19,321
Sun Pharmaceutical Industries Ltd.		1,877,479		21,335
Tata Steel Ltd.		1,361,824		20,338
Tech Mahindra Ltd.		1,028,717		24,750
Titan Co. Ltd.		253,424		8,589
UltraTech Cement Ltd.		128,085		13,065
UPL Ltd.		682,344		6,850
				292,229
Indonesia — 0.2%
Aneka Tambang Tbk PT		24,201,500		3,826
Malaysia — 0.2%
CIMB Group Holdings Bhd		2,649,400		3,457
Mexico — 2.9%
America Movil SAB de CV, Class L ADR		870,689		18,380
Arca Continental SAB de CV		1,367,600		8,681
Grupo Financiero Banorte SAB de CV, Class O		1,195,689		7,774
Grupo Mexico SAB de CV, Class B		3,054,221		13,309
Wal-Mart de Mexico SAB de CV		3,851,076		14,330
				62,474
Poland — 0.6%
KGHM Polska Miedz SA		178,906		6,169
Powszechny Zaklad Ubezpieczen SA		752,163		6,525
				12,694
Russia — 5.0%
Gazprom PJSC ADR		5,137,558		47,471
LUKOIL PJSC ADR		351,355		31,446
Sberbank of Russia PJSC ADR		1,936,394		31,079
				109,996
Saudi Arabia — 3.0%
Al Rajhi Bank		646,153		24,368
Saudi Arabian Oil Co.		726,901		6,928

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2021 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares		Value
Saudi Arabia — (continued)
Saudi Kayan Petrochemical Co. 1		2,641,951	$	11,935
Saudi National Bank		573,045		9,830
Saudi Telecom Co.		422,070		12,625
				65,686
South Africa — 1.7%
Absa Group Ltd.		1,587,539		15,225
Impala Platinum Holdings Ltd.		873,452		12,356
Sibanye Stillwater Ltd.		3,380,216		10,434
				38,015
South Korea — 14.7%
AfreecaTV Co. Ltd.		37,726		6,410
DL E&C Co. Ltd. 1		65,946		6,591
Fila Holdings Corp.		134,432		4,051
Hana Financial Group Inc.		549,825		19,425
Hanwha Corp.		390,844		10,307
Hyosung TNC Corp.		21,003		9,189
Hyundai Marine & Fire Insurance Co. Ltd.		218,669		4,215
KB Financial Group Inc.		496,921		22,980
Kia Corp.		411,721		28,414
Kolon Industries Inc.		24,366		1,451
LG Corp.		182,604		12,429
LG Electronics Inc.		101,946		11,803
NAVER Corp.		40,957		13,001
POSCO		81,908		18,994
POSCO ADR		44,093		2,570
Samsung Electro-Mechanics Co. Ltd.		107,439		17,819
Samsung Electronics Co. Ltd.		2,005,447		131,708
				321,357
Taiwan — 20.0%
Asustek Computer Inc.		686,000		9,313
AU Optronics Corp.		6,294,000		5,203
ChipMOS Technologies Inc.		2,795,000		4,896
Formosa Plastics Corp.		4,392,000		16,484
Fubon Financial Holding Co. Ltd.		11,351,963		31,247
Hon Hai Precision Industry Co. Ltd.		8,691,298		32,594
King Yuan Electronics Co. Ltd.		2,369,000		3,826
Lite-On Technology Corp.		5,143,202		11,843
MediaTek Inc.		1,093,000		46,900
Powertech Technology Inc.		2,784,000		9,811
Realtek Semiconductor Corp.		638,000		13,330
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		1,371,125		164,960
Unimicron Technology Corp.		2,388,000		19,873
United Microelectronics Corp.		12,042,000		28,212
Yang Ming Marine Transport Corp. 1		3,279,000		14,262

SCHEDULE OF INVESTMENTS (000)* (continued)

December 31, 2021 (Unaudited)

Causeway Emerging Markets Fund	Number of Shares/ Face Amount		Value
Taiwan — (continued)
Yuanta Financial Holding Co. Ltd.		25,124,984	$	22,950
				435,704
Thailand — 1.4%
Bangkok Chain Hospital PCL		10,825,900		6,500
PTT PCL		14,152,800		16,061
Tisco Financial Group PCL		2,951,000		8,469
				31,030
United Arab Emirates — 0.6%
Abu Dhabi Commercial Bank PJSC		5,718,704		13,268
Total Common Stock
(Cost $1,722,739) — 91.4%				1,993,109
CORPORATE OBLIGATIONS
BNP Paribas Issuance BV, 0.000%, 09/06/20222,4,5,6	$	440,000,000		43,756
Citigroup Global Markets Holdings Inc., 0.000%, 06/24/20222,4,5,6		30,000,000		32,181
Citigroup Global Markets Holdings Inc., 0.000%, 10/28/20222,4,5,6		40,000,000		41,544
Total Corporate Obligations
(Cost $110,000) — 5.4%				117,481
PREFERENCE STOCK
Brazil — 0.0%
Itausa S.A. ‡		663,853		1,064
South Korea — 0.7%
Hyundai Motor Co. ‡		20,190		1,670
LG Chem Ltd. ‡		55,884		13,484
				15,154
Total Preference Stock
(Cost $18,302) — 0.7%				16,218
SHORT-TERM INVESTMENT
Invesco Short-Term Investment Trust: Government &
Agency Portfolio, Institutional Class, 0.026% **		49,318,694		49,319
Total Short-Term Investment
(Cost $49,319) — 2.3%				49,319
Total Investments — 99.8%
(Cost $1,900,360)				2,176,127
Other Assets in Excess of Liabilities — 0.2%				4,197
Net Assets — 100.0%			$	2,180,324

SCHEDULE OF INVESTMENTS (000) (continued)

December 31, 2021 (Unaudited)

A list of the open futures contracts held by the Fund at December 31, 2021, is as follows:

Type of Contract	Number of Contracts	Expiration Date	Notional Amount	Value	Unrealized Appreciation
Long Contracts
MSCI Emerging Markets	760	Mar-2022	$ 45,885	$46,599	$ 714

* Except for share and corporate obligations data.

** The rate reported is the 7-day effective yield as of December 31, 2021.

‡ 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, 2021 was $117,481 (000) and represented 5.4% of net assets.

3 Level 3 security in accordance with fair value hierarchy.

4 Securities 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, 2021 was $117,481 (000) and represented 5.4% of net assets.

5 Credit-linked note that is linked to the performance of the MSCI China A Inclusion Net Return USD Index.

6 Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

ADR American Depositary Receipt

PJSC Public Joint-Stock Company

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, 2021:

Investments in Securities	Level 1		Level 2		Level 3†		Total
Common Stock
Brazil	$	75,709	$	—	$	—	$	75,709
China		517,166		10,498		—^		527,664
India		292,229		—		—		292,229
Indonesia		—		3,826		—		3,826
Malaysia		3,457		—		—		3,457
Mexico		62,474		—		—		62,474
Poland		—		12,694		—		12,694
Russia		109,996		—		—		109,996
Saudi Arabia		9,830		55,856		—		65,686
South Africa		38,015		—		—		38,015
South Korea		2,570		318,787		—		321,357
Taiwan		164,960		270,744		—		435,704
Thailand		—		31,030		—		31,030
United Arab Emirates		—		13,268		—		13,268
Total Common Stock		1,276,406		716,703		—		1,993,109
Corporate Obligations		—		117,481		—		117,481
Preference Stock
South Korea		1,064		—		—		1,064
Taiwan		—		15,154		—		15,154
Total Preference Stock		1,064		15,154		—		16,218
Short-Term Investment		49,319		—		—		49,319
Total Investments in Securities	$	1,326,789	$	849,338	$	—	$	2,176,127

SCHEDULE OF INVESTMENTS (000) (concluded)

December 31, 2021 (Unaudited)

Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts*
Unrealized Appreciation	$	714	$	—	$	—	$	714
Total Other Financial Instruments	$	714	$	—	$	—	$	714

† 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. Level 3 security in accordance with fair value hierarchy.

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

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

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

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-002-3000