BOSTON PARTNERS INVESTMENT FUNDS
|
||||||||
WPG PARTNERS SELECT SMALL CAP VALUE FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2022 (UNAUDITED)
|
||||||||
NUMBER OF
|
||||||||
SHARES
|
VALUE
|
|||||||
COMMON STOCKS—91.5%
|
||||||||
Communication Services—1.5%
|
||||||||
Cars.com, Inc.*
|
74,075
|
$
|
1,094,829
|
|||||
Consumer Discretionary—9.8%
|
||||||||
Barnes & Noble Education, Inc.*
|
244,200
|
620,268
|
||||||
BJ's Restaurants, Inc.*
|
66,986
|
2,148,911
|
||||||
Carrols Restaurant Group, Inc.*
|
277,162
|
412,971
|
||||||
Cheesecake Factory, Inc., (The)
|
20,143
|
705,811
|
||||||
Goodyear Tire & Rubber Co., (The)*
|
71,594
|
803,284
|
||||||
Latham Group, Inc.*
|
124,404
|
429,194
|
||||||
Poshmark, Inc., Class A*
|
125,112
|
2,230,747
|
||||||
7,351,186
|
||||||||
Consumer Staples—6.6%
|
||||||||
Adecoagro SA
|
259,440
|
2,142,974
|
||||||
TreeHouse Foods, Inc.*
|
57,771
|
2,855,621
|
||||||
4,998,595
|
||||||||
Energy—6.4%
|
||||||||
Green Plains, Inc.*
|
25,518
|
881,902
|
||||||
NexTier Oilfield Solutions, Inc.*
|
139,644
|
1,422,972
|
||||||
SM Energy Co.
|
58,834
|
2,536,334
|
||||||
4,841,208
|
||||||||
Financials—13.2%
|
||||||||
Axis Capital Holdings Ltd.
|
42,885
|
2,468,461
|
||||||
Blucora, Inc.*
|
57,771
|
1,447,164
|
||||||
Encore Capital Group, Inc.*
|
13,629
|
686,902
|
||||||
EZCORP, Inc., Class A*
|
137,872
|
1,381,477
|
||||||
Kemper Corp.
|
17,284
|
983,805
|
||||||
NMI Holdings, Inc., Class A*
|
102,075
|
2,197,675
|
||||||
Sculptor Capital Management, Inc.
|
77,265
|
776,513
|
||||||
9,941,997
|
||||||||
Health Care—6.7%
|
||||||||
Apollo Endosurgery, Inc.*
|
73,600
|
745,568
|
||||||
Pacira BioSciences, Inc.*
|
42,987
|
2,074,123
|
||||||
Pennant Group, Inc., (The)*
|
37,214
|
384,793
|
||||||
Sight Sciences, Inc.*
|
164,808
|
1,840,905
|
||||||
5,045,389
|
||||||||
Industrials—22.3%
|
||||||||
Altra Industrial Motion Corp.
|
57,062
|
3,344,975
|
||||||
ICF International, Inc.
|
17,012
|
1,843,591
|
||||||
KBR, Inc.
|
38,987
|
2,014,458
|
||||||
Kirby Corp.*
|
36,860
|
2,572,459
|
||||||
Maxar Technologies, Inc.
|
135,391
|
3,276,462
|
||||||
Univar Solutions, Inc.*
|
76,171
|
2,523,545
|
||||||
V2X, Inc.*
|
29,784
|
1,203,571
|
||||||
16,779,061
|
||||||||
Information Technology—12.9%
|
||||||||
Momentive Global, Inc.*
|
387,034
|
3,069,180
|
||||||
NetScout Systems, Inc.*
|
50,592
|
1,886,070
|
||||||
ON24, Inc.*
|
199,542
|
1,526,496
|
||||||
Rambus, Inc.*
|
54,936
|
2,108,444
|
||||||
SMART Global Holdings, Inc.*
|
35,088
|
593,338
|
||||||
SmartRent, Inc.*
|
226,833
|
551,204
|
||||||
9,734,732
|
||||||||
Materials—7.6%
|
||||||||
Axalta Coating Systems Ltd.*
|
38,259
|
1,026,871
|
||||||
Capstone Copper Corp.*
|
143,543
|
501,544
|
||||||
Tronox Holdings PLC
|
187,846
|
2,654,264
|
||||||
Valvoline, Inc.
|
45,721
|
1,507,879
|
||||||
5,690,558
|
||||||||
Real Estate—4.5%
|
||||||||
Apple Hospitality REIT, Inc.
|
57,062
|
973,478
|
||||||
Equity Commonwealth
|
88,606
|
2,400,336
|
||||||
3,373,814
|
||||||||
TOTAL COMMON STOCKS
|
||||||||
(Cost $59,659,866)
|
68,851,369
|
|||||||
SHORT-TERM INVESTMENTS—8.5%
|
||||||||
U.S. Bank Money Market Deposit Account, 3.50%(a)
|
6,363,288
|
6,363,288
|
||||||
TOTAL SHORT-TERM INVESTMENTS
|
||||||||
(Cost $6,363,288)
|
6,363,288
|
|||||||
TOTAL INVESTMENTS—100.0%
|
||||||||
(Cost $66,023,154)
|
75,214,657
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES—0.0%
|
5,807
|
|||||||
NET ASSETS—100.0%
|
$
|
75,220,464
|
||||||
PLC
|
Public Limited Company
|
|||||
REIT
|
Real Estate Investment Trust
|
|||||
*
|
Non-income producing.
|
|||||
(a)
|
The rate shown is as of November 30, 2022.
|
|||||
Industry classifications may be different than those used for compliance monitoring purposes.
|
BOSTON PARTNERS INVESTMENT FUNDS
|
|
WPG PARTNERS SELECT SMALL CAP VALUE FUND
|
|
NOTES TO PORTFOLIO OF INVESTMENTS
|
|
NOVEMBER 30, 2022 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS — The inputs and valuation techniques used to measure fair value of the Fund’s investments are summarized into three levels as described in the
hierarchy below:
|
|||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
|||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
|||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
|||||
|
|||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
|
|||||
The following is a summary of the inputs used, as of November 30, 2022, in valuing the Fund's investments carried at fair value:
|
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
|||||||||||||
Common Stock
|
||||||||||||||||
Communication Services
|
$
|
1,094,829
|
$
|
1,094,829
|
$
|
-
|
$
|
-
|
||||||||
Consumer Discretionary
|
7,351,186
|
7,351,186
|
-
|
-
|
||||||||||||
Consumer Staples
|
4,998,595
|
4,998,595
|
-
|
-
|
||||||||||||
Energy
|
4,841,208
|
4,841,208
|
-
|
-
|
||||||||||||
Financials
|
9,941,997
|
9,941,997
|
-
|
-
|
||||||||||||
Health Care
|
5,045,389
|
5,045,389
|
-
|
-
|
||||||||||||
Industrials
|
16,779,061
|
16,779,061
|
-
|
-
|
||||||||||||
Information Technology
|
9,734,732
|
9,734,732
|
-
|
-
|
||||||||||||
Materials
|
5,690,558
|
5,690,558
|
-
|
-
|
||||||||||||
Real Estate
|
3,373,814
|
3,373,814
|
-
|
-
|
||||||||||||
Short-Term Investments
|
6,363,288
|
6,363,288
|
-
|
-
|
||||||||||||
Total Assets
|
$
|
75,214,657
|
$
|
75,214,657
|
$
|
-
|
$
|
-
|
For the period ended November 30, 2022, the Fund had no significant Level 3 transfers.
|
|||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the Securities and Exchange Commission.
|
|||||
|