Fund Evaluator:

Hotchkis & Wiley Intl Sm Cp Dvsfd Val I Overview

Hotchkis & Wiley Intl Sm Cp Dvsfd Val I (HWTIX) is an actively managed International Equity Foreign Small/Mid Value fund. Hotchkis & Wiley launched the fund in 2020.

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 non-U.S. small capitalization companies, which may include companies located or operating in developed or emerging markets. In addition to purchasing equity securities on exchanges where the companies are located, it may purchase equity securities on exchanges other than where their companies are domiciled (often traded as dual listed securities) or in the form of Depositary Receipts, which include American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") or similar securities.

About Hotchkis & Wiley Intl Sm Cp Dvsfd Val I (HWTIX)

There are 2 members of the management team with an average tenure of 6.09 years: Judd Peters (2020), Ryan Thomes (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and MSCI World Ex USA Small Cap NR USD index with a weighting of 100%. Hotchkis & Wiley Intl Sm Cp Dvsfd Val I has 325 securities in its portfolio. The top 10 holdings constitute 8.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Hotchkis & Wiley Intl Sm Cp Dvsfd Val I is part of the Equity global asset class and is within the International Equity fund group. Hotchkis & Wiley Intl Sm Cp Dvsfd Val I has 92.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.3%. There is 92.8% 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 Intl Sm Cp Dvsfd Val I has 4.5% of the portfolio in cash.

Assets Under Management

The fund has $5 million in total assets, which is below the $797 million average for the Foreign Small/Mid 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.

HWTIX 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 Intl Sm Cp Dvsfd Val I expense ratio is high compared to funds in the Foreign Small/Mid Value category. Hotchkis & Wiley Intl Sm Cp Dvsfd Val I has an expense ratio of 0.89%, which is 10% lower than its category average, making the fund expense ratio grade a B. 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 Intl Sm Cp Dvsfd Val I has a portfolio turnover rate of 63%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Foreign Small/Mid Value category.

Recently, in the month of July 2026, Hotchkis & Wiley Intl Sm Cp Dvsfd Val I returned 5.9%, which earned it a grade of B, as the Foreign Small/Mid Value category had an average return of 4.9%. 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 funds in that category.

Hotchkis & Wiley Intl Sm Cp Dvsfd Val I has a trailing yield of 2.45%, which is below the 2.88% category average. The fund normally distributes its income 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 Intl Sm Cp Dvsfd Val I Grades

Year to date, the fund has returned 15.5%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 27.5% over the past year (grade of B), 18.5% over the past three years (grade of C) and 11.9% per year over the past five years (grade of B).

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