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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

$31.40

$109 M

1.17%

$0.36

1.25%

Vitals

YTD Return

8.9%

1 yr return

27.2%

3 Yr Avg Return

10.6%

5 Yr Avg Return

13.0%

Net Assets

$109 M

Holdings in Top 10

31.2%

52 WEEK LOW AND HIGH

$31.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 32.00%

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

$31.40

$109 M

1.17%

$0.36

1.25%

HWCAX - Profile

Distributions

  • YTD Total Return 8.9%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 13.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hotchkis & Wiley Diversified Value Fund
  • Fund Family Name
    Hotchkis & Wiley
  • Inception Date
    Aug 30, 2004
  • Shares Outstanding
    1434393
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Patricia McKenna

Fund Description

The Fund normally invests in equity securities of large capitalization companies that are considered by Hotchkis & Wiley Capital Management, LLC (the “Advisor”) to be undervalued. The Advisor currently considers large cap companies to be those with market capitalizations like those found in the Russell 1000® Index, although the Advisor will generally not purchase stock in a company with a market capitalization of less than $3 billion. 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. Market
capitalization is measured at the time of initial purchase. 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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HWCAX - Performance

Return Ranking - Trailing

Period HWCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -4.5% 22.2% 45.62%
1 Yr 27.2% -5.0% 42.6% 18.47%
3 Yr 10.6%* -2.6% 31.5% 17.06%
5 Yr 13.0%* -0.1% 44.3% 15.16%
10 Yr 9.6%* 1.3% 24.9% 29.81%

* Annualized

Return Ranking - Calendar

Period HWCAX Return Category Return Low Category Return High Rank in Category (%)
2023 17.1% -24.9% 46.1% 6.42%
2022 -5.4% -65.1% 4.6% 11.93%
2021 31.0% -44.2% 57.5% 3.09%
2020 -1.5% -23.2% 285.0% 59.20%
2019 26.9% -21.4% 48.5% 5.56%

Total Return Ranking - Trailing

Period HWCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.9% -4.5% 22.2% 45.62%
1 Yr 27.2% -5.0% 42.6% 18.47%
3 Yr 10.6%* -2.6% 31.5% 17.06%
5 Yr 13.0%* -0.1% 44.3% 15.16%
10 Yr 9.6%* 1.3% 24.9% 29.81%

* Annualized

Total Return Ranking - Calendar

Period HWCAX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -15.9% 46.7% 9.72%
2022 -4.6% -42.0% 8.5% 41.34%
2021 32.1% 3.6% 129.7% 5.72%
2020 0.2% -22.6% 304.8% 74.72%
2019 28.9% -12.7% 52.1% 15.52%

NAV & Total Return History


HWCAX - Holdings

Concentration Analysis

HWCAX Category Low Category High HWCAX % Rank
Net Assets 109 M 93 163 B 85.89%
Number of Holdings 72 2 1689 57.80%
Net Assets in Top 10 34.6 M 420 K 33.9 B 84.48%
Weighting of Top 10 31.17% 5.6% 99.9% 33.85%

Top 10 Holdings

  1. Citigroup Inc 3.92%
  2. Wells Fargo Co 3.91%
  3. Telefonaktiebolaget LM Ericsson 3.33%
  4. Elevance Health Inc 3.14%
  5. APA Corp 3.01%
  6. F5 Inc 2.95%
  7. JPMorgan Chase and Company 2.88%
  8. American International Group Inc 2.79%
  9. US Bancorp 2.64%
  10. General Motors Co 2.61%

Asset Allocation

Weighting Return Low Return High HWCAX % Rank
Stocks
96.92% 1.86% 108.42% 77.79%
Cash
3.08% -0.79% 38.18% 20.41%
Preferred Stocks
0.00% 0.00% 13.88% 19.55%
Other
0.00% -3.53% 39.72% 32.76%
Convertible Bonds
0.00% 0.00% 3.66% 14.88%
Bonds
0.00% -0.71% 73.23% 12.86%

Stock Sector Breakdown

Weighting Return Low Return High HWCAX % Rank
Financial Services
24.54% 0.00% 58.05% 12.09%
Energy
15.08% 0.00% 54.00% 4.32%
Technology
13.43% 0.00% 54.02% 26.94%
Healthcare
12.99% 0.00% 30.08% 86.53%
Industrials
12.32% 0.00% 42.76% 39.12%
Communication Services
9.91% 0.00% 26.58% 6.04%
Consumer Cyclical
7.52% 0.00% 22.74% 28.58%
Utilities
2.51% 0.00% 27.04% 76.34%
Consumer Defense
1.71% 0.00% 34.10% 96.98%
Real Estate
0.00% 0.00% 90.54% 86.61%
Basic Materials
0.00% 0.00% 21.69% 92.66%

Stock Geographic Breakdown

Weighting Return Low Return High HWCAX % Rank
US
96.92% 1.86% 108.42% 60.98%
Non US
0.00% 0.00% 27.89% 39.37%

HWCAX - Expenses

Operational Fees

HWCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.01% 17.54% 27.00%
Management Fee 0.70% 0.00% 1.50% 74.01%
12b-1 Fee 0.25% 0.00% 1.00% 24.79%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

HWCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 1.00% 5.75% 67.48%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

HWCAX 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.

HWCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 488.00% 44.44%

HWCAX - Distributions

Dividend Yield Analysis

HWCAX Category Low Category High HWCAX % Rank
Dividend Yield 1.17% 0.00% 36.55% 82.89%

Dividend Distribution Analysis

HWCAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Semi-Annually

Net Income Ratio Analysis

HWCAX Category Low Category High HWCAX % Rank
Net Income Ratio 1.00% -1.51% 4.28% 69.53%

Capital Gain Distribution Analysis

HWCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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HWCAX - Fund Manager Analysis

Managers

Patricia McKenna


Start Date

Tenure

Tenure Rank

Aug 30, 2004

17.76

17.8%

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, 2004

17.42

17.4%

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, 2004

17.42

17.4%

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.

George Davis


Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42