Diversified Value Fund (HWCIX)
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.
The Fund seeks capital appreciation using a disciplined, value investment process. Through our consistent process and independent research, we own large cap companies that we believe are undervalued relative to their tangible assets, have sustainable cash flow and potential for improving business performance. The Fund is well diversified and seeks to own large, financially strong U.S. based companies that offer the best combination of value and potential for price appreciation. The Fund typically holds 50-80 securities and generally invests in companies with a market capitalization greater than $5 billion.
- Emphasizes rigorous in-house fundamental research to identify undervalued large cap companies
- Employs a disciplined and repeatable investment process
- Incorporates multiple perspectives to enhance understanding of risks
Read more about the diversified value strategy
|Open to New Investors||Yes|
|Gross Expense Ratio*||1.01%|
|Net Expense Ratio*||0.95%|
|Capital Gains Schedule||Annual|
|Size of Fund (millions)||$552|
|Size of Class (millions)||$490|
|30-Day SEC Yield with expense waiver||1.18%|
|30-Day SEC Yield without expense waiver||1.13%|
* As of 06/30/2014
**Effective 08/29/2014, the Fund will only pay an annual distribution in December.
|NAV||$ CHANGE||% CHANGE|
STYLE: LARGE VALUE
Mr. Davis, Mr. McBride and Mr. Peters coordinate the day-to-day management of the Diversified Value Fund portfolio. Mr. Lieberman and Ms. McKenna participate in the investment research review and decision-making process and represent the Diversified Value Fund to current and prospective shareholders.
To view the full investment team, click here. You will be leaving the mutual fund site and a separate browser window will open to the advisor site.
The Advisor has contractually agreed to waive fees through October 31, 2015.
Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit nor protect against loss in a declining market. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”) which may be subject to some of the same risks as direct investment in foreign companies.
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The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC