Mid-Cap Value Fund (HWMIX) - Limited Availability
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-oriented investment process. Through our consistent process and independent research, we own mid-size 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 mid-size U.S. based companies that offer the best combination of value and potential for price appreciation. The Fund typically holds 50-100 securities and generally invests in mid-size companies with a market capitalization ranging from $500 million to $20 billion.
- Employs timeless investing principles and independent thinking to drive investment process
- Exploits excessive investor reaction often exhibited in the stocks of mid-size companies
- Capitalizes on the enhanced liquidity and minimal analyst coverage of mid-size companies
Read more about the mid-cap value strategy
|Open to New Investors||Limited Availability|
|Gross Expense Ratio*||1.07%|
|Net Expense Ratio*||n/a|
|Capital Gains Schedule||Annual|
|Size of Fund (millions)||$3,140|
|Size of Class (millions)||$2,177|
|30-Day SEC Yield with expense waiver||0.51%|
|30-Day SEC Yield without expense waiver||0.51%|
* As of 06/30/2013
|NAV||$ CHANGE||% CHANGE|
STYLE: MID VALUE
Mr. Davis and Mr. Majcher coordinate the day-to-day management of the Mid-Cap Value Fund portfolio. Mr. Miles participates in the investment research review and decision-making process and represents the Mid-Cap 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.
Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit nor protect against loss in a declining market. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.
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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