Diversified Value Fund (HWCIX)


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.

Strategy & Objective

The Fund seeks capital appreciation using a disciplined, value 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.

  • Emphasizes rigorous in-house fundamental research to identify undervalued large cap companies
  • Employs a disciplined and repeatable investment process
  • Incorporates multiple perspectives to enhance understanding of risks

Read more about the diversified value strategy

As of 01/31/2020
Ticker HWCIX
Cusip 44134R768
Open to New Investors Yes
Minimum Investment $250,000
Inception Date 08/30/2004
Net Expense Ratio* 0.80%
Gross Expense Ratio* 0.98%
Dividend Schedule Annual
Capital Gains Schedule Annual
Size of Fund (millions) $96
Size of Class (millions) $60

* As of 06/30/2019
As of 02/21/2020



George Davis, Jr.
31 Years with H&W
35 Years of Experience

Scott McBride, CFA
18 Years with H&W
21 Years of Experience

Patty McKenna, CFA
24 Years with H&W
33 Years of Experience

Judd Peters, CFA
20 Years with H&W
22 Years of Experience

Mr. Davis, Mr. McBride and Mr. Peters coordinate the day-to-day management of the Diversified Value Fund portfolio. Ms. McKenna participates in the investment research review and decision-making process and represents the Diversified 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.

The Advisor has contractually agreed to waive fees through August 29, 2020.

You should consider the Hotchkis & Wiley 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. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”) which may be subject to some of the same risks as direct investment in foreign companies.

Diversification does not assure a profit nor protect against loss in a declining market.

©2020 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).

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