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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.41

$823 M

1.47%

$0.18

1.14%

Vitals

YTD Return

0.0%

1 yr return

17.2%

3 Yr Avg Return

5.1%

5 Yr Avg Return

9.8%

Net Assets

$823 M

Holdings in Top 10

5.7%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.14%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.41

$823 M

1.47%

$0.18

1.14%

HWVAX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.96%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hotchkis & Wiley Small Cap Diversified Value Fund
  • Fund Family Name
    Hotchkis & Wiley
  • Inception Date
    Jun 30, 2014
  • Shares Outstanding
    456807
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Judd Peters

Fund Description

The Fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of small capitalization companies. Hotchkis & Wiley Capital Management, LLC (the “Advisor”) currently considers small cap companies to be those with market capitalizations like those found in the Russell 2000® Index. The market capitalization range of the Index changes constantly, but as of June 30, 2023, the range was from $2 million to $13.1 billion. Market capitalization is measured at the time of initial purchase. The Fund may invest in foreign (non-U.S.) securities. Under normal conditions, the Fund typically will hold equity securities of approximately 300 to 400 different companies.The Fund seeks to invest in companies whose future prospects are misunderstood or not fully recognized by the market. The Fund employs a fundamental value investing approach which seeks to exploit market inefficiencies created by irrational investor behavior. To identify these investment opportunities, the Fund employs a disciplined, bottom-up investment process based on a proprietary model that is augmented with internally-generated fundamental research. The Fund seeks broad diversified exposure to these investment opportunities by holding approximately 300 to 400 portfolio securities. As part of the Advisor's investment process, the investment team evaluates the general and industry-specific Environmental, Social, and Governance (“ESG”) factors that the Advisor believes to be the most financially material to a company's short-, medium-, and long-term enterprise value. The Advisor believes this evaluation contributes to its overall analysis of a company’s value creation for shareholders and future financial performance. With the exception of diversification guidelines, the Fund does not employ pre-determined rules for sales; rather, the Fund evaluates each sell candidate based on the candidate’s specific risk and return characteristics which include: 1) relative valuation; 2) fundamental operating trends; 3) deterioration of fundamentals; and 4) portfolio diversification
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HWVAX - Performance

Return Ranking - Trailing

Period HWVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -11.0% 11.8% 97.14%
1 Yr 17.2% -0.8% 43.6% 79.07%
3 Yr 5.1%* -12.8% 69.3% 47.22%
5 Yr 9.8%* -3.6% 49.5% 47.51%
10 Yr N/A* -3.4% 26.6% N/A

* Annualized

Return Ranking - Calendar

Period HWVAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -18.4% 33.6% 77.41%
2022 -14.4% -36.7% 212.9% 37.14%
2021 26.9% -62.0% 147.6% 29.26%
2020 0.2% -24.8% 31.3% 62.97%
2019 20.7% -30.1% 34.0% 36.30%

Total Return Ranking - Trailing

Period HWVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -11.0% 11.8% 97.14%
1 Yr 17.2% -0.8% 43.6% 79.07%
3 Yr 5.1%* -12.8% 69.3% 47.22%
5 Yr 9.8%* -3.6% 49.5% 47.51%
10 Yr N/A* -3.4% 26.6% N/A

* Annualized

Total Return Ranking - Calendar

Period HWVAX Return Category Return Low Category Return High Rank in Category (%)
2023 16.0% -15.5% 35.4% 48.90%
2022 -6.6% -36.7% 250.0% 20.58%
2021 34.9% -3.2% 157.9% 26.04%
2020 1.0% -13.5% 33.4% 68.16%
2019 21.4% -17.4% 34.3% 56.79%

NAV & Total Return History


HWVAX - Holdings

Concentration Analysis

HWVAX Category Low Category High HWVAX % Rank
Net Assets 823 M 2.53 M 46.3 B 37.17%
Number of Holdings 360 10 1583 18.26%
Net Assets in Top 10 45.3 M 217 K 2.97 B 62.83%
Weighting of Top 10 5.65% 0.3% 88.4% 98.69%

Top 10 Holdings

  1. Citigroup, Inc. 1.16%
  2. Invesco Government Agency Portfolio 0.72%
  3. Marcus Millichap Inc 0.49%
  4. Rush Enterprises Inc 0.48%
  5. SLM Corp 0.47%
  6. Stewart Information Services Corp 0.47%
  7. Pebblebrook Hotel Trust 0.47%
  8. Minerals Technologies Inc 0.46%
  9. RE/MAX Holdings Inc 0.46%
  10. Hope Bancorp Inc 0.46%

Asset Allocation

Weighting Return Low Return High HWVAX % Rank
Stocks
98.55% 0.99% 105.89% 45.87%
Cash
1.88% 0.00% 99.01% 46.74%
Preferred Stocks
0.00% 0.00% 2.62% 48.91%
Other
0.00% -1.78% 40.01% 61.09%
Convertible Bonds
0.00% 0.00% 2.63% 46.70%
Bonds
0.00% 0.00% 73.18% 47.83%

Stock Sector Breakdown

Weighting Return Low Return High HWVAX % Rank
Financial Services
30.64% 0.00% 35.71% 6.67%
Industrials
18.89% 0.65% 48.61% 38.22%
Consumer Cyclical
15.80% 0.00% 51.62% 23.11%
Energy
11.39% 0.00% 29.42% 16.44%
Technology
6.94% 0.00% 34.03% 77.78%
Basic Materials
5.35% 0.00% 67.30% 44.67%
Utilities
3.82% 0.00% 13.86% 30.44%
Real Estate
2.77% 0.00% 44.41% 83.33%
Healthcare
2.46% 0.00% 25.76% 88.44%
Consumer Defense
1.34% 0.00% 13.22% 90.67%
Communication Services
0.60% 0.00% 24.90% 87.56%

Stock Geographic Breakdown

Weighting Return Low Return High HWVAX % Rank
US
98.55% 0.96% 105.89% 35.00%
Non US
0.00% 0.00% 67.90% 61.96%

HWVAX - Expenses

Operational Fees

HWVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.05% 37.04% 56.96%
Management Fee 0.65% 0.00% 1.50% 20.26%
12b-1 Fee 0.25% 0.00% 1.00% 46.27%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

HWVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 74.19%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HWVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HWVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 7.00% 252.00% 30.67%

HWVAX - Distributions

Dividend Yield Analysis

HWVAX Category Low Category High HWVAX % Rank
Dividend Yield 1.47% 0.00% 14.21% 8.26%

Dividend Distribution Analysis

HWVAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

HWVAX Category Low Category High HWVAX % Rank
Net Income Ratio 0.96% -1.43% 4.13% 18.67%

Capital Gain Distribution Analysis

HWVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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HWVAX - Fund Manager Analysis

Managers

Judd Peters


Start Date

Tenure

Tenure Rank

Jun 30, 2014

7.92

7.9%

In his role as portfolio manager, Mr. Peters plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value, Small Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the capital goods, energy and technology sectors. Prior to joining the firm, Mr. Peters was an analyst in the corporate finance department of an investment banking firm. Mr. Peters, a CFA charterholder, received his BA in Mathematics and a BS in Biochemistry from University of California, San Diego.

Ryan Thomes


Start Date

Tenure

Tenure Rank

Jun 30, 2014

7.92

7.9%

Mr. Thomes coordinates the day-to-day management of the Small Cap Diversified Value portfolio. He also provides broad analytical support, creates general market and investment strategy commentaries, and acts as a liaison between the investment and client service teams. Prior to joining the firm, Mr. Thomes was a global equity senior research associate for Jeffrey Slocum and Associates, Inc., an institutional investment consultant based in Minneapolis. At Slocum, he was responsible for directing wide-ranging equity research projects as well as conducting equity investment manager due diligence. Mr. Thomes began his investment career as a research analyst at Berthel Schutter LLC, a consulting firm where he conducted equity and fixed income investment manager due diligence. Mr. Thomes, a CFA charterholder, received his BS in Entrepreneurial Management and Finance from the University of Minnesota.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.17 3.58