HWHIX: Hotchkis & Wiley High Yield Fund - MutualFunds.com

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Hotchkis & Wiley High Yield I

HWHIX - Snapshot

Vitals

  • YTD Return -5.1%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $1.23 B
  • Holdings in Top 10 12.3%

52 WEEK LOW AND HIGH

$10.92
$8.85
$11.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare HWHIX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

4.78%

$0.28

-0.50%

-

$7.69

0.00%

$25.49 B

5.27%

$0.41

-1.03%

-

$86.41

+0.16%

$23.82 B

4.89%

$4.22

-1.74%

-

$5.45

0.00%

$20.11 B

5.80%

$0.32

-2.33%

-

$9.99

+0.10%

$16.76 B

5.69%

$0.57

-0.89%

-

HWHIX - Profile

Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hotchkis & Wiley High Yield Fund
  • Fund Family Name
    Hotchkis & Wiley
  • Inception Date
    Mar 31, 2009
  • Shares Outstanding
    79985618
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Raymond Kennedy

HWHIX - Performance

Return Ranking - Trailing

Period HWHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -48.2% 392.8% 93.02%
1 Yr -2.1% -54.3% 9.9% 93.49%
3 Yr 0.6%* -21.8% 8.3% 95.94%
5 Yr 3.9%* -0.9% 9.0% 87.64%
10 Yr 5.1%* 0.7% 9.2% 57.40%

* Annualized

Return Ranking - Calendar

Period HWHIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -10.3% 226.1% 93.80%
2018 -8.9% -18.4% -0.2% 74.73%
2017 2.0% -9.5% 18.8% 24.00%
2016 8.7% -9.1% 28.6% 22.24%
2015 -10.8% -34.3% 3.5% 74.18%

Total Return Ranking - Trailing

Period HWHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -48.2% 392.8% 93.02%
1 Yr -2.1% -54.3% 9.9% 85.00%
3 Yr 0.6%* -21.8% 8.3% 93.91%
5 Yr 3.9%* -1.1% 9.0% 83.00%
10 Yr 5.1%* 0.7% 9.2% 52.94%

* Annualized

Total Return Ranking - Calendar

Period HWHIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -8.1% 23.9% 94.38%
2018 -8.9% -18.4% 1.3% 80.21%
2017 2.0% -8.5% 18.8% 42.17%
2016 8.7% -9.1% 39.0% 38.61%
2015 -10.8% -32.4% 3.5% 77.46%

NAV & Total Return History


HWHIX - Holdings

Concentration Analysis

HWHIX Category Low Category High HWHIX % Rank
Net Assets 1.23 B 3.33 M 27.6 B 30.29%
Number of Holdings 201 1 2239 75.44%
Net Assets in Top 10 153 M -492 M 2.87 B 30.94%
Weighting of Top 10 12.31% 3.4% 100.0% 49.93%

Top 10 Holdings

  1. Horsehead Equity 2.77%
  2. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38% 1.87%
  3. General Electric Company 5% 1.61%
  4. Townsquare Media, Inc. 6.5% 0.93%
  5. Liberty Media Corp Del 8.25% 0.89%
  6. Matthews International Corp 5.25% 0.89%
  7. Mercer International Inc. 7.38% 0.89%
  8. DAE Funding LLC 5% 0.87%
  9. Jacobs Entertainment, Inc. 7.88% 0.86%
  10. Exterran Energy Solutions LP/EES Fin Corp 8.12% 0.86%

Asset Allocation

Weighting Return Low Return High HWHIX % Rank
Bonds
91.83% 0.00% 141.18% 73.41%
Stocks
3.87% -28.46% 28.23% 5.29%
Convertible Bonds
1.48% 0.00% 19.96% 31.48%
Cash
1.47% -48.94% 100.00% 76.80%
Other
1.12% -2.78% 58.14% 6.38%
Preferred Stocks
0.23% 0.00% 7.97% 30.53%

Stock Sector Breakdown

Weighting Return Low Return High HWHIX % Rank
Utilities
0.00% 0.00% 99.51% 87.46%
Technology
0.00% 0.00% 46.47% 85.75%
Real Estate
0.00% 0.00% 100.00% 87.75%
Industrials
0.00% 0.00% 100.00% 88.60%
Healthcare
0.00% 0.00% 100.00% 86.61%
Financial Services
0.00% 0.00% 100.00% 86.32%
Energy
0.00% 0.00% 100.00% 92.02%
Communication Services
0.00% 0.00% 100.00% 90.60%
Consumer Defense
0.00% 0.00% 52.26% 82.91%
Consumer Cyclical
0.00% 0.00% 100.00% 4.56%
Basic Materials
0.00% 0.00% 100.00% 2.28%

Stock Geographic Breakdown

Weighting Return Low Return High HWHIX % Rank
US
3.87% -28.07% 19.67% 5.29%
Non US
0.00% -0.39% 13.32% 73.81%

Bond Sector Breakdown

Weighting Return Low Return High HWHIX % Rank
Corporate
97.40% 0.00% 100.00% 25.27%
Cash & Equivalents
1.55% 0.00% 100.00% 82.07%
Securitized
1.06% 0.00% 95.38% 18.07%
Derivative
0.00% 0.00% 51.02% 70.65%
Municipal
0.00% 0.00% 16.25% 66.71%
Government
0.00% 0.00% 74.11% 76.49%

Bond Geographic Breakdown

Weighting Return Low Return High HWHIX % Rank
US
78.96% 0.00% 127.79% 59.84%
Non US
12.87% -27.40% 96.73% 53.46%

HWHIX - Expenses

Operational Fees

HWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.04% 20.17% 73.75%
Management Fee 0.55% 0.00% 1.84% 49.11%
12b-1 Fee N/A 0.00% 1.00% 14.64%
Administrative Fee N/A 0.00% 0.50% 90.36%

Sales Fees

HWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 36.54%

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.

HWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 1.00% 349.00% 66.15%

HWHIX - Distributions

Dividend Yield Analysis

HWHIX Category Low Category High HWHIX % Rank
Dividend Yield 0.00% 0.00% 6.07% 68.38%

Dividend Distribution Analysis

HWHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HWHIX Category Low Category High HWHIX % Rank
Net Income Ratio 5.85% -0.81% 10.03% 17.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

HWHIX - Fund Manager Analysis

Managers

Raymond Kennedy


Start Date

Tenure

Tenure Rank

Mar 31, 2009

11.59

11.6%

In his role as portfolio manager, Mr. Kennedy plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of all High Yield bond portfolios. Prior to joining the firm, Mr. Kennedy was a Managing Director, portfolio manager and senior member of PIMCO's investment strategy group. At PIMCO, he headed the global high yield business along with managing and overseeing High Yield funds, bank loan trading and collateralized debt obligations. Mr. Kennedy was formerly associated with the Prudential Insurance Company of America as a private placement asset manager where he was responsible for investing and managing a portfolio of investment grade and high yield privately placed fixed income securities. Prior to that, he was a consultant for Andersen Consulting (now Accenture) in Los Angeles and London. Mr. Kennedy, a CFA charterholder, was nominated for Morningstar’s 2010 Fixed Income Manager of the Year. He received his BS from Stanford University and MBA from the Anderson School of Management at the University of California, Los Angeles.

Mark Hudoff


Start Date

Tenure

Tenure Rank

Jul 28, 2009

11.27

11.3%

Mark Hudoff is Portfolio Manager of Hotchkins and Wiley (since 2009).Prior to joining the firm, Mr. Hudoff was an Executive Vice President, portfolio manager and Head of Global High Yield investments at PIMCO. He started at PIMCO as a credit analyst for the high yield team and moved to Europe in 2000 to build and manage their European credit business, including the management of PIMCO's European High Yield strategies. Upon returning to the U.S. in 2004, Mr. Hudoff founded and developed PIMCO's Global High Yield practice, while also managing U.S. High Yield portfolios. Mr. Hudoff was formerly associated with BCA where he worked as a fixed income strategist. Mr. Hudoff was nominated for Morningstar’s 2010 Fixed Income Manager of the Year. He received his BS in Economics from Arizona State University and MBA in Finance from the University of Chicago Graduate School of Business.

Patrick Meegan


Start Date

Tenure

Tenure Rank

Aug 29, 2012

8.18

8.2%

Mr. Meegan joined HWCM's predecessor in 1998 as an equity analyst and became portfolio manager in 2001. Mr. Meegan began his career at H&W as an investment analyst and became portfolio manager in 2001. Prior to joining the firm, Mr. Meegan was an audit manager at Arthur Andersen and specialized in financial statement audits and advising clients on SEC reporting issues. Mr. Meegan, a Certified Public Accountant (inactive), received his BA in Business Administration with honors from California State University, Fullerton and his MBA with honors from the Anderson School of Management at the University of California, Los Angeles.

Richard Mak


Start Date

Tenure

Tenure Rank

Jan 01, 2014

6.84

6.8%

In his role as portfolio manager, Mr. Mak plays an integral role in the investment research review and decision making process and coordinates the day-to-day management of all High Yield bond portfolios. Prior to joining the firm, Mr. Mak worked at PIMCO in multiple roles ranging from credit analyst to high yield portfolio manager, primarily focused on internal high yield funds. Prior to his position at PIMCO, Mr. Mak was an equity analyst at Epoch Partners covering telecom equipment and related technology issuers. Mr. Mak, a CFA charterholder, received his BA in Business Economics with a minor in Accounting from University of California, Los Angeles, and MBA with emphasis in Finance and Strategy from the Anderson School of Management at the University of California, Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34
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