Hotchkis & Wiley High Yield Fund (HWHIX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hotchkis & Wiley High Yield Fund (HWHIX) is up 1.0% since the beginning of the year. HWHIX is currently trading at $10 per share. Investors who bought $1,000 worth of HWHIX shares 5 years ago would now be looking at an investment worth $1,183.

Hotchkis & Wiley High Yield Fund (HWHIX) has returned 1.01% so far this year and 5.31% over the past 12 months. Over the last ten years, HWHIX has returned 4.22% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 31, 2009, HWHIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Oct 2011 with a return of +6.0%, while the worst month was Mar 2020 at -15.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HWHIX closed higher 44% of trading days. The best single day was Apr 9, 2020 with a return of +2.8%, while the worst single day was Dec 18, 2009 at -4.2%.

Hotchkis & Wiley High Yield Fund has an annualized alpha of 1.81%, beta of 0.14, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since March 31, 2009.

• This fund participated in 47.24% of S&P 500 Index downside but only 30.88% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.14 may look defensive, but with R2 of 0.25 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HWHIX has an expense ratio of 0.70%, placing it in the medium range.

HWHIX ranks 40 for risk / return — below 40% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Hotchkis & Wiley High Yield Fund provided a 6.37% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Hotchkis & Wiley High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Hotchkis & Wiley High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Hotchkis & Wiley High Yield Fund was 23.03%, occurring on Mar 23, 2020. Recovery took 175 trading sessions.

The current Hotchkis & Wiley High Yield Fund drawdown is 0.29%.

The chart below shows the rolling one-month volatility.