High Yield

Long Term Composite Performance (%) Average Annual Total Returns for periods greater than one year

As of 03/31/2024
Gross of Fees1.521.5211.193.374.274.368.14
Net of Fees1.421.4210.742.933.813.887.63
ICE BofA BB-B US HY Constrained Index1.321.3210.
ICE BofA US HY Index1.521.5211.

Calendar Year Performance

As of 03/31/2024

Net of fee performance in the “Long Term Composite Performance” chart is preliminary through the latest time period.  Past performance is not a reliable indicator or a guarantee of future results.

Calendar year performance for the High Yield strategy, including index performance, and other important disclosures are included in the strategy’s GIPS Report. The strategy used in managing the accounts in the Composite may prevent or limit investment in major bonds in the indexes and returns may not be correlated to the indexes. It is not possible to invest directly in an index. The GIPS Report should be reviewed as part of the performance information presented above.

Valuations and returns are stated in U.S. dollars. Investment returns include reinvestment of dividends, interest, and capital gains. Gross performance results are presented before management and custodial fees but after all trading expenses. Net performance results are presented after actual management fees and all trading expenses but before custodial fees. An account’s size, timing of transactions, and market conditions at the time of investment may lead to different performance results among accounts.

The ICE BofA index data referenced is the property of ICE Data Indices, LLC (“ICE BofA”) and/or its licensors and has been licensed for use by Hotchkis & Wiley. ICE BofA and its licensors accept no liability in connection with its use. See Index definitions for full disclaimer.

All investments contain risk and may lose value. Investing in high yield securities is subject to certain risks, including market, credit, liquidity, issuer, interest-rate, inflation, and derivatives risks.  Lower-rated and non-rated securities involve greater risk than higher-rated securities.

Index definitions