HWGV — Hotchkis and Wiley Global Value Fund

HWGV Fund Overview

HWGV — Hotchkis and Wiley Global Value Fund is a US mutual fund managed by Hotchkis & Wiley Funds /de/, categorised as Global (incl. US) Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Hotchkis & Wiley Funds /de/
• Category: Global (incl. US) Mid Cap Blend / Core Equity
• Assets under management: $37.09M
• Ticker: HWGV
• SEC CIK: 0001145022
• SEC series ID: S000039502
• Share class ID: C000279546

HWGV Investment Objective and Strategy

Hotchkis and Wiley Global Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hotchkis & Wiley Funds /de/.

Investment objective

The Fund seeks capital appreciation.

Principal investment strategy

Currently, the Fund seeks to achieve its objective by investing primarily in U.S. and non-U.S. companies, which may include companies located or operating in established or emerging markets. Effective on or about August 31, 2026, the Fund will seek to achieve its objective by investing at least 80% of its net assets plus borrowings for investment purposes in U.S. and non-U.S. companies (as defined below), which may include companies located or operating in established or emerging markets, that meet Hotchkis & Wiley Capital Management, LLCs (the Advisor) definition of value. Under normal circumstances, the Fund will invest at least 40% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of companies located outside of the U.S. If the Advisor deems market conditions and/or company valuations less favorable for companies located outside the U.S., the Fund could invest less than 40%, but would invest at least 30% of its net assets in equity securities of companies located outside the U.S.

The Advisor determines where a company is located, and thus whether a company is located outside the U.S. or in an emerging market, by referring to: its primary stock exchange listing; where it is registered, organized or incorporated; where its headquarters are located; where it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed; or where at least 50% of its assets are located. The Fund will allocate its assets among various regions and countries (but in no less than three different countries). In constructing the portfolio, the Advisor seeks to maintain exposure to a variety of non-U.S. countries by evaluating each issuers primary economic ties (as described above) and allocating investments across multiple countries and regions based on relative value opportunities, market conditions, and diversification considerations, rather than concentrating the Funds non-U.S.

investments in a single country or region (except where the Advisor determines such concentration is warranted based on these considerations). From time to time, a substantial portion of the Funds assets may be invested in companies located in a single country. The Fund invests in companies of any size market capitalization. The Advisor believes value companies to be companies that are undervalued in the marketplace. The Advisor considers traditional and other measures of value, such as (1) whether the company is included in a third-party value benchmark; (2) whether the company falls below the relevant equity market index average for any value metric, such as price-to-earnings ratio; price-to-book value ratio; price-to-cash flow ratio; price-to-sales ratio; or enterprise value-to-EBITDA, among others; or (3) the Advisor determines, based on a reasonable, consistently applied investment process, that the company exhibits characteristics commonly associated with value investments, even if it does not satisfy one or more of the specific metrics described above.

In making this determination, the Advisor generally considers whether the companys market price appears to undervalue its intrinsic value, including due to factors such as temporary business or market dislocation, cyclical pressures, or the company being out of favor with investors. For example, the Advisor may determine that a company constitutes a value investment where its current market price is below the Advisors assessment of intrinsic value, as derived from a discounted cash flow analysis or comparable company valuation multiples; provided that such determination is supported by fundamental or valuation-based analysis and one or more valuation or financial indicators (which may include, among others, earnings, cash flow, asset values, or comparable company analysis), as applied within the Advisors investment process.

In addition to purchasing equity securities on exchanges where the companies are located, the Fund 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. The Fund will invest primarily in companies located in developed countries, but may invest up to 20% of its assets in emerging markets. The Fund may enter into currency contracts (such as spot, forward and futures) to hedge foreign currency exposure. The Fund seeks to invest in companies whose future prospects are misunderstood or not fully recognized by the market. The Fund employs a fundamental value investing approach which seeks to exploit market inefficiencies created by irrational investor behavior, such as investment decisions driven by emotions, biases, or cognitive errors.

To identify these investment opportunities, the Fund employs a disciplined, bottom-up investment process highlighted by rigorous, internally-generated fundamental research. As part of the Advisor's investment process, the investment team evaluates the general and industry-specific Environmental, Social, and Governance (ESG) factors that the Advisor believes to be the most financially material to a company's short-, medium-, and long-term enterprise value. The Advisor believes this evaluation contributes to its overall analysis of a companys value creation for shareholders and future financial performance. With the exception of diversification guidelines, the Fund does not employ predetermined rules for sales; rather, the Fund evaluates each sell candidate based on the candidates specific risk and return characteristics which include: 1) relative valuation; 2) fundamental operating trends; 3) deterioration of fundamentals; and 4) portfolio diversification.

Relative valuation involves selling an investment when a companys valuation metrics become high relative to comparable companies, the market, or its historical levels. Fundamental operating trends involves selling an investment when there is evidence of a decline in a companys underlying business performance or industry conditions. Deterioration of fundamentals involves selling an investment when a companys underlying business or industry fundamentals, such as revenue or earnings, weaken. Portfolio diversification refers to selling holdings to maintain balance, manage risk, and optimize returns. As of the date of this Prospectus, the top sector represented by the Funds underlying investments was information technology. The Funds investments in various sectors may change over time.

HWGV Holdings

Top 10 holdings of Hotchkis and Wiley Global Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all HWGV holdings

HWGV Portfolio Allocation

Asset-class allocation of Hotchkis and Wiley Global Value Fund by percentage of net assets, from the latest SEC N-PORT filing.

HWGV Performance

Total returns for HWGV (as of 2026-10-01), from SEC filings.

HWGV Risk Information

Risk metrics for HWGV, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 12.6%

HWGV Costs and Fees

HWGV costs about $70 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.70%
• Gross expense ratio: 1.06%
• Portfolio turnover: 61%
• Brokerage commissions: 6.83 bps of average net assets (SEC N-CEN)

HWGV Cashflows

Over the 12 months to 2026-06, Hotchkis and Wiley Global Value Fund had net outflows of $1.77M, from monthly SEC N-PORT filings.

HWGV Debt Constituents

No individual debt constituents are reported in Hotchkis and Wiley Global Value Fund's latest SEC N-PORT filing.

HWGV Prospectus and SEC Filings

Official Hotchkis and Wiley Global Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-08-28
• Prospectus (485BPOS) — filed 2026-06-30
• Prospectus supplement (497) — filed 2026-07-20
• Portfolio holdings (N-PORT) — filed 2026-08-11
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-06
• Annual census (N-CEN) — filed 2025-09-11
• Annual census (N-CEN) — filed 2024-09-04

Related Funds

Other Global (incl. US) Mid Cap Blend / Core Equity funds tracked on ABC INVEST:

• First Eagle Global Fund (SGENX)
• Fidelity Low-Priced Stock Fund (FLPSX)
• Dodge & Cox Global Stock Fund (DODWX)
• Old Westbury Small & Mid Cap Strategies Fund (OWSMX)
• AQR Long-Short Equity Fund (QLEIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.