Small Cap Value Fund (HWSCX)

I SHARES    A SHARES    C SHARES   

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Strategy & Objective

The Fund seeks capital appreciation using a disciplined, value-oriented 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.

  • Employs timeless investing principles and independent thinking to drive investment process
  • Exploits excessive investor reaction often exhibited in the stocks of small size companies
  • Capitalizes on limited analyst coverage and the potential return opportunity of small companies

Read more about the small cap value strategy

FUND FACTS
As of 04/30/2012
Ticker HWSCX
Cusip 44134R842
Open to New Investors Yes
Minimum Investment $2,500
Inception Date 02/04/2002
Gross Expense Ratio* 2.08%
Net Expense Ratio* 2.08%
Dividend Schedule Annual
Capital Gains Schedule Annual
Size of Fund (millions) $287
Size of Class (millions) $10
30-Day SEC Yield with expense waiver 0.00%
30-Day SEC Yield without expense waiver 0.00%

* As of 06/30/2011
As of 05/17/2012
NAV $ CHANGE % CHANGE
35.71 -0.95 -0.03

STYLE: SMALL VALUE

INVESTMENT TEAM


David Green, CFA
14 Years with H&W
21 Years of Experience


Jim Miles
17 Years with H&W
23 Years of Experience

Mr. Green and Mr. Miles coordinate the day-to-day management of the Small Cap Value Fund portfolio. They also represent the Small 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 smaller and/or newer companies involves greater risks than those associated with investing in larger companies, 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.

©2012 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future performance.

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).