Hotchkis & Wiley launches a new ETF Share Class for its Mid-Cap Value Fund. The new ETF is the Hotchkis & Wiley Mid-Cap Value Fund (HWMV). This new ETF reflects Hotchkis & Wiley's continued commitment to offer its strategies through multiple investment vehicles, providing investors with the choice between a mutual fund and an ETF that trades on an exchange throughout the day, backed by the same portfolio and investment team.
The Mid-Cap Value strategy invests in 50–80 undervalued mid-sized companies, including out-of-favor businesses, with a focus on strong fundamentals and long-term capital appreciation.
The addition of this ETF share class builds on the firm's expansion into the ETF ecosystem, following the 2025 launch of its first standalone ETF, the Hotchkis & Wiley SMID-Cap Diversified Value ETF (HWSM), the July 2026 launch of ETF share classes for the International Value Fund (HWIV) and Opportunities Fund (HWO), and the August launch of the ETF share class for Global Value Fund (HWGV). These ETFs give investors broader flexibility to access Hotchkis & Wiley's actively managed strategies in the format that best suits their needs.
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Investors should consider the Hotchkis & Wiley Mid-Cap Value Fund investment objectives, risks, and charges and expenses carefully before investing. This and other important information are contained in the Funds summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.
Investing involves risk. Principal loss is possible. 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.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value (NAV), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF’s ability to sell its shares. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.
Investing involves risk. Principal loss is possible.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC
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