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Name

As of 06/01/2026

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 SMID Cap Diversified Value Fund

HWSM | Active ETF

$29.60

$2.6 M

1.22%

$0.36

0.55%

Vitals

YTD Return

9.0%

1 yr return

25.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.6 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$29.5
$24.11
$29.60

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

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 SMID Cap Diversified Value Fund

HWSM | Active ETF

$29.60

$2.6 M

1.22%

$0.36

0.55%

HWSM - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hotchkis & Wiley SMID Cap Diversified Value Fund
  • Fund Family Name
    N/A
  • Inception Date
    Mar 31, 2025
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund is an actively-managed exchange-traded fund (“ETF”). Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small to mid capitalization companies the Fund’s advisor believes to be undervalued. The equity securities in which the Fund may invest include common and preferred stocks. Hotchkis & Wiley Capital Management, LLC (the “Advisor”) currently considers small and mid cap companies to be those with market capitalizations like those found in the Russell 2000® and Russell Midcap® Indices. The market capitalization range of the Indices change constantly, but as of June 30, 2025, the range was from $60 million to $89.27 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 150 to 200 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, such as investment decisions driven by emotions, biases, or cognitive errors. 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 150 to 200 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; 4) portfolio diversification; and 5) strategy parameters. Relative valuation involves selling an investment when a company’s valuation metrics become high relative to comparable companies, the market, or its historical levels. Fundamental operating trends involves selling an investment when there is evidence of a decline in a company’s underlying business performance or industry conditions. Deterioration of fundamentals involves selling an investment when a company’s underlying business or industry fundamentals, such as revenue or earnings, weaken. Portfolio diversification refers to selling holdings to maintain balance, manage risk, and optimize returns. Strategy parameters means selling an investment based on the Advisor’s proprietary investment approach to deciding when to sell an investment based on certain predetermined metrics.
As of the date of this Prospectus, the top sectors represented by the Fund’s underlying investments were financials and industrials. The Fund’s investments in various sectors may change over time.
Read More

HWSM - Performance

Return Ranking - Trailing

Period HWSM Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% N/A N/A N/A
1 Yr 25.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period HWSM Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period HWSM Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% N/A N/A N/A
1 Yr 25.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period HWSM Return Category Return Low Category Return High Rank in Category (%)
2025 N/A N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

HWSM - Holdings

Concentration Analysis

HWSM Category Low Category High HWSM % Rank
Net Assets 2.6 M N/A N/A N/A
Number of Holdings 164 N/A N/A N/A
Net Assets in Top 10 428 K N/A N/A N/A
Weighting of Top 10 17.38% N/A N/A N/A

Top 10 Holdings

  1. PPG Industries Inc 2.09%
  2. F5 Inc 2.01%
  3. APA Corp 1.99%
  4. Telefonaktiebolaget LM Ericsson 1.99%
  5. Dominion Energy Inc 1.96%
  6. GE HealthCare Technologies Inc 1.95%
  7. Workday Inc 1.82%
  8. American International Group Inc 1.46%
  9. Lear Corp 1.08%
  10. State Street Corp 1.03%

Asset Allocation

Weighting Return Low Return High HWSM % Rank
Stocks 		98.92% N/A N/A N/A
Cash 		1.08% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High HWSM % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High HWSM % Rank
US 		98.92% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

HWSM - Expenses

Operational Fees

HWSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

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

Trading Fees

HWSM 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.

HWSM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

HWSM - Distributions

Dividend Yield Analysis

HWSM Category Low Category High HWSM % Rank
Dividend Yield 1.22% N/A N/A N/A

Dividend Distribution Analysis

HWSM Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

HWSM Category Low Category High HWSM % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

HWSM Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

HWSM - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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