Portfolio Manager Stan Majcher provides an update on energy and financials during a recent chat with Chuck Jaffe on the Money Life Show.
More information about Money Life can be found at the moneylifeshow.com website.
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You should consider the Hotchkis & Wiley Mid-Cap Value Fund’s investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Funds' summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.
Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks. Please read the fund prospectus for a full list of fund risks.
The portfolio manager’s views and opinions expressed in this podcast are as of November 17, 2021. Such views are subject to change and may differ from others in the firm, or the firm as a whole. The portfolio manager’s comments may include estimated and/or forecasted views, which are believed to be based on reasonable assumptions within the bounds of current and historical information. However, there is no guarantee that any estimates, forecasts or views will be realized. Any discussion or view on a particular company, asset class/segment, industry/sector and/or investment type are not investment recommendations, should not be assumed to be profitable, and are subject to change.
Top ten holdings as of 12/31/22 as a % of the Fund’s net assets: Kosmos Energy Ltd. 5.2%, Fluor Corp. 4.5%, Popular Inc. 4.3%, APA Corp. 4.2%, Citizens Fin'l Group Inc. 4.0%, First Citizens Bancshares 3.5%, American Int'l Group Inc. 3.1%, Adient PLC 3.1%, State Street Corp. 2.7%, and F5 Inc. 2.7%. Fund holdings and/or sector allocations are subject to change and are not recommendations to buy or sell any security. Diversification does not assure a profit nor protect against loss in a declining market.
OPEC - Organization of the Petroleum Exporting Countries. Free cash flow is the money a company has left over after paying its operating expenses and capital expenditures.
Investing in equity securities have greater risks and price volatility than U.S. Treasuries and bonds, where the price of these securities may decline due to various company, industry, and market factors. Investing in foreign as well as emerging markets involves additional risk such as greater volatility, political, economic, and currency risks and differences in accounting methods. Investing in smaller, medium-sized and/or newer companies involves greater risks not associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity.
Market Disruption: The recent global coronavirus pandemic has caused and continues to cause disruption in the global economy, unprecedented business and travel disruption and extreme fluctuations in global capital and financial markets. H&W is unable to predict the consequences of the upheaval caused by coronavirus pandemic, which, depending on the severity and the length of the outbreak, has the potential to negatively impact the firm’s investment strategies and reduce available investment opportunities.
Mutual fund investing involves risk. Principal loss is possible.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC. No other products mentioned in this piece are distributed by Quasar Distributors, LLC.
