N-PORT filing recap · September 2025

What did Causeway International Value Fund buy in September 2025?

Reported stock-position changes between this filing and the previous one. These are Causeway International Value Fund's own holdings, not the firm's.

Stock value

$1.74B

Positions

Estimated turnover

52.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Period in review

Causeway International Value Fund opened a new position in iShares Trust. It also trimmed Canadian Pacific Kansas City and Barrick Mining, while adding to Carnival Corporation, Novo Nordisk, Glencore, and Smurfit Westrock. The Glencore increase was dramatic, and the Novo Nordisk increase was substantial.

New positions

EFAiShares Trust$429.98Mreported value+4.61M shares

Increased positions

CCLCarnival Corporation Ltd.$317.94Mreported value+723.5K shares+7.0%NVONovo Nordisk A/s$232.67Mreported value+1.97M shares+85.0%GLENGlencore Plc$142.80Mreported value+27.06M shares+673.1%SWSmurfit Westrock Plc$118.28Mreported value+371.1K shares

Reduced positions

CPCanadian Pacific Kansas City Ltd/cn$318.56Mreported value-192.9K shares-4.3%BBarrick Mining Corp$175.04Mreported value-601.3K shares-10.1%