HWAZX Performance — Hotchkis and Wiley Value Opportunities Fund, Class Z
Data updated: 2026-09-10
HWAZX returned +6.33% year to date and +13.83% over one year to Jun 2026. Annualised returns are +15.50% over 3 years and +11.24% over 5 years. Against its US Mid-Cap Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $154, against $148 for the category, and to $114 over one year, against $120. Volatility over the past three years was 12.44% a year. In the 12 months to Jun 2026 the fund took in a net $124.8M, and assets reached $898.37M.
HWAZX Growth of $100
What $100 invested in Hotchkis and Wiley Value Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | HWAZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $114 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $154 | $148 |
| 5 years (Jul 2021 – Jun 2026) | $170 | $154 |
| Since data start (Sep 2019 – Jun 2026) | $241 | $216 |
HWAZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.33% |
| 1 year | +13.83% |
| 3 years (annualised) | +15.50% |
| 5 years (annualised) | +11.24% |
HWAZX Annual Returns
Calendar-year total returns of Hotchkis and Wiley Value Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.33% |
| 2025 | +14.71% |
| 2024 | +11.70% |
| 2023 | +26.75% |
| 2022 | −7.81% |
| 2021 | +34.56% |
| 2020 | +5.45% |
| 2019 (Sep–Dec) | +6.80% |
HWAZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.2% | −1.4% | −0.8% | +4.6% | +4.8% | −2.9% | — | — | — | — | — | — |
| 2025 | +4.2% | +1.1% | −2.9% | −3.4% | +5.0% | +3.2% | +0.4% | +5.0% | +1.3% | −2.3% | +0.3% | +2.4% |
| 2024 | −1.5% | +1.5% | +6.2% | −3.9% | +4.8% | −1.6% | +5.1% | +1.0% | +0.1% | −0.1% | +4.5% | −4.3% |
| 2023 | +9.8% | −0.4% | −1.4% | +0.6% | −2.6% | +5.9% | +5.4% | −2.1% | −2.7% | −3.6% | +7.1% | +9.1% |
| 2022 | −0.2% | −0.5% | +3.4% | −10.5% | +4.5% | −13.7% | +11.5% | −0.9% | −11.1% | +12.3% | +7.0% | −5.7% |
| 2021 | +2.8% | +11.6% | +4.3% | +2.1% | +3.9% | −0.9% | −1.2% | +4.7% | −1.0% | +4.8% | −4.4% | +4.3% |
| 2020 | −3.9% | −9.0% | −23.3% | +9.8% | +3.6% | +2.4% | +1.1% | +6.4% | −2.8% | +0.5% | +20.8% | +6.4% |
| 2019 | — | — | — | — | — | — | — | — | 0.0% | +1.5% | +2.2% | +2.9% |
HWAZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 12.44%
- 3-year Sharpe ratio: 0.88 (vs 4.5% risk-free rate)
- Best month: +9.14% (Dec 2023)
- Worst month: −4.33% (Dec 2024)
HWAZX Fund Flows
Monthly money in and out of Hotchkis and Wiley Value Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $124.8M
- 12-month gross sales (incl. reinvestments): $322.2M
- Sales ÷ redemptions: 1.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $52.4M | $14.1M | $38.2M |
| May 2026 | $27.1M | $6.7M | $20.4M |
| Apr 2026 | $22.0M | $22.2M | −$158K |
| Mar 2026 | $12.2M | $14.4M | −$2.2M |
| Feb 2026 | $14.9M | $10.9M | $4.0M |
| Jan 2026 | $25.8M | $9.9M | $15.9M |
| Dec 2025 | $44.4M | $20.9M | $23.4M |
| Nov 2025 | $27.3M | $31.6M | −$4.3M |
| Oct 2025 | $25.7M | $8.3M | $17.4M |
| Sep 2025 | $21.0M | $9.4M | $11.6M |
| Aug 2025 | $23.5M | $16.3M | $7.3M |
| Jul 2025 | $25.8M | $32.7M | −$6.9M |
HWAZX Assets Under Management
Net assets of Hotchkis and Wiley Value Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $898.37M |
| 2026-03-31 | $812.95M |
| 2025-12-31 | $796.35M |
| 2025-09-30 | $785.82M |
| 2025-06-30 | $725.00M |
| 2025-03-31 | $677.53M |
| 2024-12-31 | $653.82M |
| 2024-09-30 | $680.24M |
| 2024-06-30 | $653.17M |
| 2024-03-31 | $674.14M |
| 2023-12-31 | $613.30M |
| 2023-09-30 | $549.80M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.