ETF Evaluator: Hotchkis & Wiley Mid-Cap Value ETF Class (HWMV) Follow This ETF

Hotchkis & Wiley Mid-Cap Value ETF Class Overview

Hotchkis & Wiley Mid-Cap Value ETF Class (HWMV) is an actively managed U.S. Equity Mid-Cap Value exchange-traded fund (ETF). Hotchkis & Wiley launched the ETF in 2026.

The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of mid-capitalization companies. Hotchkis & Wiley Capital Management, LLC (the "Advisor") currently considers mid-cap companies to be those with market capitalizations like those found in the Russell Midcap® Index.

About Hotchkis & Wiley Mid-Cap Value ETF Class (HWMV)

There are 3 members of the management team with an average tenure of 21.54 years: Hunter Doble (2019), George Davis (1997) and Stanley Majcher (1997). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. Hotchkis & Wiley Mid-Cap Value ETF Class has 73 securities in its portfolio. The top 10 holdings constitute 34.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Hotchkis & Wiley Mid-Cap Value ETF Class is part of the Equity global asset class and is within the U.S. Equity ETF group. Hotchkis & Wiley Mid-Cap Value ETF Class has 4.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.1% There is 4.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Hotchkis & Wiley Mid-Cap Value ETF Class has 3.0% of the portfolio in cash.

Assets Under Management

The fund has $485 million in total assets, which is below the $2 billion average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HWMV Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hotchkis & Wiley Mid-Cap Value ETF Class expense ratio is high compared to funds in the Mid-Cap Value category. Hotchkis & Wiley Mid-Cap Value ETF Class has an expense ratio of 0.94%, which is 96% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Hotchkis & Wiley Mid-Cap Value ETF Class has a portfolio turnover rate of 52%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Mid-Cap Value category.

Recently, in the month of September 2026, Hotchkis & Wiley Mid-Cap Value ETF Class returned -6.7%, which earned it a grade of D, as the Mid-Cap Value category had an average return of -6.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Hotchkis & Wiley Mid-Cap Value ETF Class has a trailing yield of 0.00%, which is below the 2.19% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Hotchkis & Wiley Mid-Cap Value ETF Class Grades

Year to date, the ETF has returned 17.7%, 6.7 percentage points better than the category, which translates into a grade of A. The fund has returned 20.5% over the past year (grade of A), 12.9% over the past three years (grade of D) and 11.8% per year over the past five years (grade of A) and 9.5% per year over the past 10 years (grade of D).

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