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Name

As of 12/04/2023

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

Hotchkis & Wiley Large Cap Value Fund

HWLIX | Fund

$42.93

$362 M

1.23%

$0.53

0.99%

Vitals

YTD Return

10.7%

1 yr return

9.4%

3 Yr Avg Return

10.6%

5 Yr Avg Return

9.8%

Net Assets

$362 M

Holdings in Top 10

33.8%

52 WEEK LOW AND HIGH

$42.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/04/2023

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

Hotchkis & Wiley Large Cap Value Fund

HWLIX | Fund

$42.93

$362 M

1.23%

$0.53

0.99%

HWLIX - Profile

Distributions

  • YTD Total Return 10.7%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.19%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hotchkis & Wiley Large Cap Value Fund
  • Fund Family Name
    Hotchkis & Wiley
  • Inception Date
    Feb 04, 2002
  • Shares Outstanding
    6239493
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    George Davis

Fund Description

The Fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of large capitalization companies. Hotchkis & Wiley Capital Management, LLC (the “Advisor”) currently considers large cap companies to be those with market capitalizations like those found in the Russell 1000® Index. The market capitalization range of the Index changes constantly, but as of June 30, 2023, the range was from $1.3 billion to $3,050.9 billion, although the Advisor will generally not purchase stock in a company with a market capitalization of less than $3 billion. Market capitalization is measured at the time of initial purchase. The Fund also invests in stocks with high cash dividends or payout yields relative to the market. The Fund may invest in foreign (non-U.S.) securities.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 highlighted by rigorous, internally-generated fundamental research. 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 predetermined 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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HWLIX - Performance

Return Ranking - Trailing

Period HWLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -17.1% 34.7% 19.56%
1 Yr 9.4% -17.9% 34.8% 16.60%
3 Yr 10.6%* -0.7% 30.2% 15.85%
5 Yr 9.8%* -0.4% 42.5% 32.46%
10 Yr 8.5%* 0.5% 24.2% 32.58%

* Annualized

Return Ranking - Calendar

Period HWLIX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.6% -65.1% 4.6% 54.93%
2021 27.7% -44.2% 57.5% 6.04%
2020 -1.9% -23.2% 285.0% 62.84%
2019 27.0% -21.4% 48.5% 4.88%
2018 -17.0% -38.8% 16.7% 58.09%

Total Return Ranking - Trailing

Period HWLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -17.1% 34.7% 19.56%
1 Yr 9.4% -17.9% 34.8% 16.60%
3 Yr 10.6%* -0.7% 30.2% 15.85%
5 Yr 9.8%* -0.4% 42.5% 32.46%
10 Yr 8.5%* 0.5% 24.2% 32.58%

* Annualized

Total Return Ranking - Calendar

Period HWLIX Return Category Return Low Category Return High Rank in Category (%)
2022 -5.3% -42.0% 8.5% 48.27%
2021 28.9% 3.6% 129.7% 20.80%
2020 -0.3% -22.6% 304.8% 77.50%
2019 29.1% -0.1% 52.1% 14.73%
2018 -14.3% -28.4% 17.5% 93.11%

NAV & Total Return History

HWLIX - Holdings

Concentration Analysis

HWLIX Category Low Category High HWLIX % Rank
Net Assets 362 M 1.56 M 144 B 65.91%
Number of Holdings 63 2 1718 69.11%
Net Assets in Top 10 122 M 408 K 33.3 B 61.53%
Weighting of Top 10 33.77% 4.6% 99.9% 27.07%

Top 10 Holdings

  1. F5 Inc 4.14%
  2. American International Group Inc 4.10%
  3. Wells Fargo Co 3.86%
  4. Citigroup Inc 3.81%
  5. APA Corp 3.60%
  6. Elevance Health Inc 3.57%
  7. Telefonaktiebolaget LM Ericsson 2.82%
  8. US Bancorp 2.74%
  9. Microsoft Corp 2.65%
  10. General Motors Co 2.48%

Asset Allocation

Weighting Return Low Return High HWLIX % Rank
Stocks 		99.56% 0.00% 116.22% 17.26%
Cash 		2.49% -0.79% 76.76% 30.89%
Preferred Stocks 		0.00% 0.00% 12.66% 59.26%
Other 		0.00% -1.67% 37.48% 63.47%
Convertible Bonds 		0.00% 0.00% 3.66% 57.55%
Bonds 		0.00% -0.30% 84.25% 58.84%

Stock Sector Breakdown

Weighting Return Low Return High HWLIX % Rank
Financial Services 		25.81% 0.00% 58.05% 7.54%
Energy 		16.13% 0.00% 54.00% 3.98%
Technology 		15.78% 0.00% 54.02% 18.73%
Industrials 		12.56% 0.00% 42.76% 36.19%
Healthcare 		12.10% 0.00% 30.08% 90.25%
Consumer Cyclical 		7.68% 0.00% 22.74% 25.42%
Communication Services 		5.61% 0.00% 26.58% 53.47%
Utilities 		2.58% 0.00% 27.04% 75.76%
Consumer Defense 		1.74% 0.00% 34.10% 96.86%
Real Estate 		0.00% 0.00% 90.54% 93.47%
Basic Materials 		0.00% 0.00% 21.69% 95.76%

Stock Geographic Breakdown

Weighting Return Low Return High HWLIX % Rank
US 		99.56% 0.00% 116.22% 16.08%
Non US 		0.00% 0.00% 29.12% 70.29%

HWLIX - Expenses

Operational Fees

HWLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 18.96% 44.81%
Management Fee 0.70% 0.00% 1.50% 78.54%
12b-1 Fee N/A 0.00% 1.00% 19.09%
Administrative Fee N/A 0.01% 0.50% 86.77%

Sales Fees

HWLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

HWLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

HWLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 488.00% 33.66%

HWLIX - Distributions

Dividend Yield Analysis

HWLIX Category Low Category High HWLIX % Rank
Dividend Yield 1.23% 0.00% 14.07% 65.58%

Dividend Distribution Analysis

HWLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Quarterly

Net Income Ratio Analysis

HWLIX Category Low Category High HWLIX % Rank
Net Income Ratio 1.19% -1.51% 4.28% 58.57%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HWLIX - Fund Manager Analysis

Managers

George Davis

Start Date

Tenure

Tenure Rank

Dec 31, 1988

33.44

33.4%

George Davis serves as Executive Chairman and portfolio manager on the Large Cap Fundamental Value and Large Cap Diversified Value portfolios. He is a member of the capital goods and financials sector teams. Prior to joining the firm in 1988, Mr. Davis was an assistant to the senior partner of RCM Capital Management. He began his career in equity research with internships at Cramer, Rosenthal & McGlynn and Fidelity Management & Research. Mr. Davis received his BA in Economics and History and MBA from Stanford University.

Patricia McKenna

Start Date

Tenure

Tenure Rank

Dec 31, 1995

26.43

26.4%

Ms. McKenna, In her role as portfolio manager, Ms. McKenna plays an integral part in the investment research review and decision-making process and represents the large cap fundamental value and large cap diversified value strategies to current and prospective clients. She also provides expertise and insight into the consumer and healthcare sectors. Prior to joining the firm, Ms. McKenna was an equity analyst at Trust Company of the West. Before entering the field of investment management, she worked for five years in corporate finance at Bankers Trust and then at Fieldstone Private Capital Group. Ms. McKenna began her career as a forensic accountant in 1983. Ms. McKenna, a CFA® charterholder, received her BA in Economics with distinction from Stanford University and MBA from Harvard Business School.

Judd Peters

Start Date

Tenure

Tenure Rank

Dec 31, 1999

22.43

22.4%

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.

Scott McBride

Start Date

Tenure

Tenure Rank

Dec 31, 2001

20.43

20.4%

Scott McBride serves as CEO and portfolio manager on the Large Cap Fundamental Value, Large Cap Diversified Value, Global Value and Focused Global Value portfolios. He covers technology companies and is a member of the consumer, technology, healthcare and financial sector teams. Prior to joining the firm in 2001, Mr. McBride was an associate consultant with Deloitte Consulting and worked as an investment marketing analyst with Fidelity Investments. Mr. McBride, a CFA charterholder, received his BA in Economics from Georgetown University and MBA from Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 86.59 8.01 16.42

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