Mutual Funds

Small Cap Diversified Value Fund

Select Share Class
Fund Ticker
HWVAX
Fund Style
V B G
L M S
Fund Category
Small Value
As of 09/30/2024
SECTOR ALLOCATION (%)1PORTFOLIOCOMPARED TO RUSSELL 2000 VALUE2
Consumer Discretionary15.05.0
Financials32.94.8
Industrials16.13.9
Energy8.31.1
Consumer Staples3.31.0
Information Technology5.90.1
Utilities4.7-0.6
Materials4.0-1.1
Communication Services1.2-2.2
Health Care2.6-6.7
Real Estate2.6-8.8
As of 09/30/2024
Portfolio CharacteristicsPortfolioRussell 2000 Value
Price/Normal Earnings10.1x12.5x
Forward Price/Earnings (fiscal year)11.1x12.2x
Price/Book1.3x1.3x
Weighted Avg Market Cap ($M)$2,361$2,873
Median Market Cap ($M)$1,468$797
Number of Securities3581,438
Turnover (5 Yr Avg)53% 
Active Share (5 Yr Avg)74 

MARKET CAP ALLOCATION (%)1

As of 09/30/2024
MARKET CAP ALLOCATION (%)1PortfolioRussell 2000 Value Index
<$1B28.118.0
$1B - $3B39.138.2
>$3B32.943.8

% of total portfolio includes total investments, cash and cash equivalents, and accrued investment income on a trade date basis.
2 As of 9/30/24

You should consider the Hotchkis & Wiley Small Cap Diversified Value Fund’s investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.

Mutual fund investing involves risk. Principal loss is possible.  Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies.  Please read the fund prospectus for a full list of fund risks.

Information on the Fund’s holdings and portfolio characteristics is subject to its portfolio holdings disclosure policy. Such information may be obtained through the Funds’ website or by calling 800-796-5606. Fund holdings and/or sector allocations are subject to change and are not buy/sell recommendations. Information presented based on proprietary or third-party estimates are subject to change and cannot be guaranteed. Russell Investment Group is the source and owner of the Russell Index data contained herein (and all trademarks related thereto), which may not be redistributed. The information herein is not approved by Russell.  H&W and Russell sectors are based on the Global Industry Classification Standard by MSCI and S&P.

©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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 results.

The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). A darkened square in the style box indicates the weighted average style of the portfolio.

The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC

Index definitions