HWHAX Performance — Hotchkis and Wiley High Yield Fund, Class A
Data updated: 2026-09-10
HWHAX returned +1.56% year to date and +4.32% over one year to Jun 2026. Annualised returns are +7.46% over 3 years and +3.68% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $124, against $125 for the category, and to $104 over one year, against $106. Volatility over the past three years was 4.24% a year. In the 12 months to Jun 2026 the fund lost a net $10.3M, and assets reached $749.73M.
HWHAX Growth of $100
What $100 invested in Hotchkis and Wiley High Yield Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | HWHAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $124 | $125 |
| 5 years (Jul 2021 – Jun 2026) | $120 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $132 | $134 |
HWHAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.56% |
| 1 year | +4.32% |
| 3 years (annualised) | +7.46% |
| 5 years (annualised) | +3.68% |
HWHAX Annual Returns
Calendar-year total returns of Hotchkis and Wiley High Yield Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.56% |
| 2025 | +6.95% |
| 2024 | +6.93% |
| 2023 | +12.93% |
| 2022 | −10.13% |
| 2021 | +6.53% |
| 2020 | +3.25% |
| 2019 (Jul–Dec) | +1.48% |
HWHAX 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 | +0.4% | +0.3% | −1.6% | +1.7% | +0.4% | +0.4% | — | — | — | — | — | — |
| 2025 | +1.2% | +0.4% | −1.2% | −0.1% | +1.9% | +1.8% | +0.3% | +1.2% | +0.4% | −0.4% | +0.6% | +0.6% |
| 2024 | +0.2% | −0.1% | +1.1% | −0.8% | +1.3% | +0.8% | +1.7% | +1.4% | +1.0% | −0.4% | +1.1% | −0.5% |
| 2023 | +3.7% | −1.1% | +1.3% | +1.1% | −0.6% | +1.3% | +1.4% | +0.4% | −1.1% | −1.6% | +4.3% | +3.4% |
| 2022 | −2.1% | −0.8% | −0.7% | −2.9% | +0.1% | −6.9% | +4.9% | −1.7% | −4.6% | +3.0% | +2.2% | −0.6% |
| 2021 | +0.2% | +1.5% | +0.2% | +1.1% | +0.5% | +1.2% | −0.2% | +0.5% | +0.2% | +0.2% | −1.1% | +1.9% |
| 2020 | +0.1% | −2.3% | −15.6% | +3.5% | +4.0% | +2.2% | +4.2% | +1.7% | −0.8% | −0.5% | +5.3% | +3.1% |
| 2019 | — | — | — | — | — | — | −0.4% | −0.5% | +0.1% | −0.1% | +0.3% | +2.0% |
HWHAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.24%
- 3-year Sharpe ratio: 0.70 (vs 4.5% risk-free rate)
- Best month: +4.30% (Nov 2023)
- Worst month: −1.60% (Oct 2023)
HWHAX Fund Flows
Monthly money in and out of Hotchkis and Wiley High Yield Fund, from SEC Form N-PORT.
- 12-month net flow: −$10.3M
- 12-month gross sales (incl. reinvestments): $180.5M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $15.4M | $16.4M | −$1.0M |
| May 2026 | $14.5M | $15.9M | −$1.5M |
| Apr 2026 | $16.3M | $19.8M | −$3.5M |
| Mar 2026 | $18.0M | $26.1M | −$8.1M |
| Feb 2026 | $13.3M | $15.4M | −$2.0M |
| Jan 2026 | $15.0M | $14.3M | $731K |
| Dec 2025 | $14.9M | $14.0M | $907K |
| Nov 2025 | $11.1M | $10.4M | $721K |
| Oct 2025 | $11.6M | $10.2M | $1.4M |
| Sep 2025 | $13.9M | $14.9M | −$911K |
| Aug 2025 | $13.3M | $12.9M | $416K |
| Jul 2025 | $23.2M | $20.6M | $2.6M |
HWHAX Assets Under Management
Net assets of Hotchkis and Wiley High Yield Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $749.73M |
| 2026-03-31 | $748.02M |
| 2025-12-31 | $776.12M |
| 2025-09-30 | $778.79M |
| 2025-06-30 | $773.79M |
| 2025-03-31 | $882.02M |
| 2024-12-31 | $873.65M |
| 2024-09-30 | $928.91M |
| 2024-06-30 | $894.26M |
| 2024-03-31 | $931.25M |
| 2023-12-31 | $960.80M |
| 2023-09-30 | $909.04M |
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.