- ISIN
- US44134R8007
- Issuer
- Hotchkis & Wiley
- Inception Date
- Jan 2, 1997
- Category
- Mid Cap Value Equities
- Min. Investment
- $250,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
HWMIX Performance Chart
Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) is up 21.2% since the beginning of the year. HWMIX is currently trading at $71 per share. Investors who bought $1,000 worth of HWMIX shares 5 years ago would now be looking at an investment worth $1,833.
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Returns By Period
Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) has returned 21.22% so far this year and 35.99% over the past 12 months. Over the last ten years, HWMIX has returned 10.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Hotchkis & Wiley Mid-Cap Value Fund
- 1D
- -1.17%
- 1M
- 6.73%
- 6M
- 15.52%
- YTD
- 21.22%
- 1Y
- 35.99%
- 3Y*
- 12.62%
- 5Y*
- 12.89%
- 10Y*
- 10.53%
- ALL TIME*
- 11.36%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HWMIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1996, HWMIX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +23.6%, while the worst month was Mar 2020 at -35.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 10 months.
On a daily basis, HWMIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +14.0%, while the worst single day was Mar 9, 2020 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.94% | 3.72% | -1.94% | 6.57% | -0.21% | -1.57% | 8.50% | 21.22% | |||||
| 2025 | 2.02% | -2.86% | -4.78% | -7.42% | 5.93% | 5.67% | 0.97% | 5.52% | 1.12% | -1.61% | 2.41% | 1.61% | 7.87% |
| 2024 | -3.29% | 1.02% | 7.38% | -5.81% | 4.14% | -2.71% | 8.85% | -1.44% | -1.17% | -1.95% | 5.84% | -5.94% | 3.62% |
| 2023 | 10.27% | -3.52% | -4.35% | -0.90% | -5.43% | 8.59% | 9.77% | -1.18% | -2.35% | -5.39% | 6.58% | 8.35% | 19.87% |
| 2022 | 3.48% | 2.16% | 3.78% | -7.33% | 5.42% | -14.20% | 8.13% | -0.93% | -12.04% | 16.55% | 5.95% | -5.02% | 1.63% |
| 2021 | 3.66% | 14.16% | 6.24% | 1.60% | 4.62% | -1.93% | -4.40% | 2.77% | -0.89% | 5.08% | -2.62% | 6.57% | 39.18% |
Benchmark Metrics
Hotchkis & Wiley Mid-Cap Value Fund has an annualized alpha of 3.87%, beta of 1.01, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since December 31, 1996.
- This fund captured 118.84% of S&P 500 Index gains and 103.39% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.87% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.87%
- Beta
- 1.01
- R²
- 0.70
- Upside Capture
- 118.84%
- Downside Capture
- 103.39%
Expense Ratio
HWMIX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HWMIX ranks 86 for risk / return — above 86% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HWMIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.00 | +2.49 |
| Martin ratioReturn relative to average drawdown | 12.76 | 8.49 | +4.27 |
Dividends
Dividend History
Hotchkis & Wiley Mid-Cap Value Fund provided a 1.15% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.63 | $0.15 | $0.22 | $0.57 | $0.72 | $0.52 | $0.88 | $2.52 | $0.57 | $4.59 |
Dividend yield | 1.15% | 1.39% | 1.15% | 0.28% | 0.49% | 1.28% | 2.25% | 1.60% | 2.99% | 6.72% | 1.53% | 14.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Hotchkis & Wiley Mid-Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Hotchkis & Wiley Mid-Cap Value 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 Mid-Cap Value Fund was 69.84%, occurring on Mar 5, 2009. Recovery took 763 trading sessions.
The current Hotchkis & Wiley Mid-Cap Value Fund drawdown is 1.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-69.84%Mar 2009 | 1y 9mo | 3y 10d | 4y 9moJun 2007 - Mar 2012 | Financial crisis2007–2009 |
-63.21%Mar 2020 | 1y 6mo | 11mo 8d | 2y 5moSep 2018 - Feb 2021 | COVID crash2020 |
-32.86%Oct 2002 | 4mo 22d | 7mo 28d | 1y 15dMay 2002 - Jun 2003 | Dot-com crash2000–2002 |
-31.07%Feb 2016 | 8mo 28d | 9mo 29d | 1y 6moMay 2015 - Dec 2016 | — |
-30.06%Oct 1998 | 5mo 20d | 7mo 7d | 1y 22dApr 1998 - May 1999 | — |
Drawdown Indicators
| HWMIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.84% | -56.78% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -9.10% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.90% | -18.90% | -7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.90% | -25.43% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -63.21% | -33.92% | -29.29% |
Current DrawdownCurrent decline from peak | -1.17% | -1.58% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -10.70% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.14% | +0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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