| Aristotle Value Equity Fund | ||||||||
| Schedule of Investments | ||||||||
| December 31, 2024 (Unaudited) | ||||||||
| COMMON STOCKS - 97.0% | Shares | Value | ||||||
| Communication Services - 2.1% | ||||||||
| Verizon Communications, Inc. | 334,900 | $ | 13,392,651 | |||||
| Consumer Discretionary - 9.5% | ||||||||
| Cie Generale des Etablissements Michelin SCA - ADR | 655,500 | 10,743,645 | ||||||
| Lennar Corp. - Class A | 141,600 | 19,309,992 | ||||||
| Lennar Corp. - Class B | 78 | 10,308 | ||||||
| Lowe's Cos., Inc. | 55,300 | 13,648,040 | ||||||
| Sony Group Corp. - ADR | 755,900 | 15,994,844 | ||||||
59,706,829 | ||||||||
| Consumer Staples - 5.8% | ||||||||
| Coca-Cola Co. | 207,700 | 12,931,402 | ||||||
| Constellation Brands, Inc. - Class A | 44,300 | 9,790,300 | ||||||
| Procter & Gamble Co. | 81,000 | 13,579,650 | ||||||
36,301,352 | ||||||||
| Energy - 3.8% | ||||||||
| Coterra Energy, Inc. | 495,700 | 12,660,178 | ||||||
| TotalEnergies SE - ADR | 208,700 | 11,374,150 | ||||||
24,034,328 | ||||||||
| Financials - 21.1% | ||||||||
| American International Group, Inc. | 185,100 | 13,475,280 | ||||||
| Ameriprise Financial, Inc. | 46,200 | 24,598,266 | ||||||
| Blackstone, Inc. | 88,600 | 15,276,412 | ||||||
| Capital One Financial Corp. | 113,300 | 20,203,656 | ||||||
| Commerce Bancshares, Inc./MO | 121,800 | 7,589,358 | ||||||
| Cullen/Frost Bankers, Inc. | 81,500 | 10,941,375 | ||||||
| Mitsubishi UFJ Financial Group, Inc. - ADR | 1,009,800 | 11,834,856 | ||||||
| PNC Financial Services Group, Inc. | 72,100 | 13,904,485 | ||||||
| US Bancorp | 318,700 | 15,243,421 | ||||||
| 133,067,109 | ||||||||
| Health Care - 9.8% | ||||||||
| Alcon, Inc. | 152,100 | 12,911,769 | ||||||
| Amgen, Inc. | 54,600 | 14,230,944 | ||||||
| Danaher Corp. | 60,600 | 13,910,730 | ||||||
| Medtronic PLC | 109,700 | 8,762,836 | ||||||
| Merck & Co., Inc. | 121,800 | 12,116,664 | ||||||
61,932,943 | ||||||||
| Industrials - 12.4% | ||||||||
| General Dynamics Corp. | 47,800 | 12,594,822 | ||||||
| Honeywell International, Inc. | 63,800 | 14,411,782 | ||||||
| Oshkosh Corp. | 88,400 | 8,404,188 | ||||||
| Parker-Hannifin Corp. | 45,400 | 28,875,762 | ||||||
| Xylem, Inc./NY | 119,200 | 13,829,584 | ||||||
78,116,138 | ||||||||
| Information Technology - 15.4% | ||||||||
Adobe, Inc. (a) | 35,600 | 15,830,608 | ||||||
ANSYS, Inc. (a) | 52,500 | 17,709,825 | ||||||
| Microchip Technology, Inc. | 200,900 | 11,521,615 | ||||||
| Microsoft Corp. | 56,100 | 23,646,150 | ||||||
| QUALCOMM, Inc. | 101,600 | 15,607,792 | ||||||
Teledyne Technologies, Inc. (a) | 27,800 | 12,902,814 | ||||||
97,218,804 | ||||||||
| Materials - 10.5% | ||||||||
| Corteva, Inc. | 329,500 | 18,768,320 | ||||||
| Ecolab, Inc. | 66,100 | 15,488,552 | ||||||
| Martin Marietta Materials, Inc. | 32,600 | 16,837,900 | ||||||
| RPM International, Inc. | 123,500 | 15,197,910 | ||||||
66,292,682 | ||||||||
| Utilities - 6.6% | ||||||||
| American Water Works Co., Inc. | 100,600 | 12,523,694 | ||||||
| Atmos Energy Corp. | 115,400 | 16,071,758 | ||||||
| Xcel Energy, Inc. | 193,900 | 13,092,128 | ||||||
41,687,580 | ||||||||
TOTAL COMMON STOCKS (Cost $442,242,443) | 611,750,416 | |||||||
| REAL ESTATE INVESTMENT TRUSTS - 1.6% | Shares | Value | ||||||
| Equity LifeStyle Properties, Inc. | 150,200 | 10,003,320 | ||||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $9,495,004) | 10,003,320 | |||||||
TOTAL INVESTMENTS - 98.6% (Cost $451,737,447) | 621,753,736 | |||||||
| Other Assets in Excess of Liabilities - 1.4% | 8,834,429 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 630,588,165 | ||||||
| two | – | % | ||||||
| Percentages are stated as a percent of net assets. | – | % | ||||||
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | ||||||||
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| (a) | Non-income producing security. |
