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Name

As of 04/23/2024

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

Hotchkis and Wiley International Small Cap Diversified Value Fund

HWTIX | Fund

$12.15

$7.12 M

4.21%

$0.51

4.59%

Vitals

YTD Return

2.5%

1 yr return

13.4%

3 Yr Avg Return

5.2%

5 Yr Avg Return

N/A

Net Assets

$7.12 M

Holdings in Top 10

5.6%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

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

Hotchkis and Wiley International Small Cap Diversified Value Fund

HWTIX | Fund

$12.15

$7.12 M

4.21%

$0.51

4.59%

HWTIX - Profile

Distributions

  • YTD Total Return 2.5%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.91%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hotchkis and Wiley International Small Cap Diversified Value Fund
  • Fund Family Name
    Hotchkis & Wiley
  • Inception Date
    Jun 30, 2020
  • Shares Outstanding
    554980
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Thomes

Fund Description

The Fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of non-U.S. small capitalization companies, which may include companies located or operating in developed or emerging markets. Hotchkis & Wiley Capital Management, LLC (the “Advisor”) determines where a company is located, and thus whether a company is located outside the U.S. or in an emerging market, by referring to: (i) its primary stock exchange listing; (ii) where it is registered, organized or incorporated; (iii) where its headquarters are located; (iv) where it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed; or (v) where at least 50% of its assets are located. The Fund will allocate its assets among various regions and countries (but in no less than three different countries). From time to time, a substantial portion of the Fund’s assets may be invested in companies located in a single country.Small capitalization companies are defined as those companies that have market capitalizations not greater than that of the largest company included in the MSCI World ex-USA Small Cap Index (the “Index”) at the time of investment. The Index is a free-float adjusted market capitalization-weighted index that is designed to measure the equity market performance of smaller capitalization stocks in developed
markets, excluding the U.S. market. The market capitalization range of the Index changes constantly, but as of June 30, 2023, the total market capitalization of the largest company included in the Index was $23.4 billion. Securities of companies whose market capitalizations no longer meet this definition after purchase may continue to be held in the Fund.
In addition to purchasing equity securities on exchanges where the companies are located, the Fund may purchase equity securities on exchanges other than where their companies are domiciled (often traded as dual listed securities) or in the form of Depositary Receipts, which include American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) or similar securities. The Fund will invest primarily in companies located in developed countries, but may invest up to 20% of its assets in emerging markets.
The Fund intends to invest a significant portion of its assets in companies in the industrial and financial sectors.
The Fund may enter into currency contracts (such as spot, forward and futures) to hedge foreign currency exposure.
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, under normal conditions and after the Fund achieves sufficient scale, holding equity securities of approximately 250 to 300 different companies. 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.
Read More

HWTIX - Performance

Return Ranking - Trailing

Period HWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -3.1% 8.5% 44.44%
1 Yr 13.4% 0.4% 29.3% 18.52%
3 Yr 5.2%* -3.0% 30.1% 21.57%
5 Yr N/A* 2.4% 18.0% N/A
10 Yr N/A* 1.4% 6.0% N/A

* Annualized

Return Ranking - Calendar

Period HWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -5.4% 35.2% 60.38%
2022 -13.4% -22.7% 5.8% 31.37%
2021 -5.7% -5.7% 19.7% 100.00%
2020 N/A -10.7% 30.9% N/A
2019 N/A 2.1% 31.6% N/A

Total Return Ranking - Trailing

Period HWTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.5% -3.1% 8.5% 44.44%
1 Yr 13.4% 0.4% 29.3% 18.52%
3 Yr 5.2%* -3.0% 30.1% 21.57%
5 Yr N/A* 2.4% 18.0% N/A
10 Yr N/A* 1.4% 6.0% N/A

* Annualized

Total Return Ranking - Calendar

Period HWTIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.8% 3.2% 40.0% 30.19%
2022 -8.7% -22.3% 6.4% 27.45%
2021 16.4% 9.0% 77.0% 49.02%
2020 N/A -10.3% 37.2% N/A
2019 N/A 8.6% 31.9% N/A

NAV & Total Return History

HWTIX - Holdings

Concentration Analysis

HWTIX Category Low Category High HWTIX % Rank
Net Assets 7.12 M 6.93 M 10.9 B 98.15%
Number of Holdings 305 10 5533 35.19%
Net Assets in Top 10 398 K 398 K 2.92 B 100.00%
Weighting of Top 10 5.58% 0.3% 104.7% 87.04%

Top 10 Holdings

  1. Norion Bank AB 0.58%
  2. Raiffeisen Bank International AG 0.58%
  3. Elmera Group ASA 0.56%
  4. Sparebanken Vest 0.56%
  5. AutoCanada Inc 0.56%
  6. Financial Partners Group Co Ltd 0.55%
  7. Vesuvius PLC 0.55%
  8. Elders Ltd 0.55%
  9. Horiba Ltd 0.55%
  10. St-Care Holding Corp 0.55%

Asset Allocation

Weighting Return Low Return High HWTIX % Rank
Stocks 		99.31% 0.99% 100.67% 33.33%
Cash 		0.69% 0.00% 99.01% 72.22%
Preferred Stocks 		0.00% 0.00% 4.46% 100.00%
Other 		0.00% -1.36% 4.62% 92.59%
Convertible Bonds 		0.00% 0.00% 0.41% 100.00%
Bonds 		0.00% 0.00% 5.03% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High HWTIX % Rank
Financial Services 		24.54% 3.05% 32.74% 7.69%
Industrials 		24.07% 5.36% 31.52% 32.69%
Consumer Cyclical 		11.37% 4.00% 24.14% 44.23%
Basic Materials 		10.59% 1.74% 28.84% 57.69%
Energy 		7.19% 0.00% 19.25% 38.46%
Technology 		6.53% 0.00% 18.01% 69.23%
Consumer Defense 		5.86% 3.45% 18.05% 65.38%
Healthcare 		3.32% 0.00% 9.89% 59.62%
Real Estate 		2.30% 0.00% 16.01% 71.15%
Utilities 		2.23% 0.00% 15.19% 50.00%
Communication Services 		2.00% 0.00% 8.94% 80.77%

Stock Geographic Breakdown

Weighting Return Low Return High HWTIX % Rank
Non US 		98.01% 0.00% 100.52% 35.19%
US 		1.31% 0.00% 99.95% 66.67%

HWTIX - Expenses

Operational Fees

HWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.59% 0.36% 4.91% 3.70%
Management Fee 0.80% 0.30% 1.59% 48.15%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.01% 0.15% N/A

Sales Fees

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

Trading Fees

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

HWTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 2.00% 119.00% 79.17%

HWTIX - Distributions

Dividend Yield Analysis

HWTIX Category Low Category High HWTIX % Rank
Dividend Yield 4.21% 0.00% 8.98% 9.26%

Dividend Distribution Analysis

HWTIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

HWTIX Category Low Category High HWTIX % Rank
Net Income Ratio 1.91% -0.10% 4.33% 32.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HWTIX - Fund Manager Analysis

Managers

Ryan Thomes

Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

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.

Judd Peters

Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.6 7.22 10.34

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