HWMCX Fees and Costs — Hotchkis and Wiley Mid-Cap Value Fund, Class C
Data updated: 2026-09-10
The net expense ratio is 1.98%: a 0.75% management fee, a 1.00% 12b-1 fee plus 0.23% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $237K in broker commissions, 0.0611% of average net assets, and portfolio turnover was 52%.
HWMCX Fees and Expenses
Annual operating expenses and sales charges of HWMCX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.98% |
| Fee waiver | — |
| Net expense ratio | 1.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HWMCX Costs Over Time
On $10,000 invested in HWMCX, assuming 5% a year before costs, total costs come to $1,250 over 5 years, cutting the return by 2.14% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.98%) | $208 | $642 | $1,101 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $317 | $694 | $1,250 |
| Value after costs | $10,183 | $10,882 | $11,512 |
| Impact on return, per year | 3.17% | 2.14% | 2.14% |
HWMCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0611%
- Total broker commissions: $237K
- Bought from dealers (principal trades, not a cost): $3.3M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $7.6M
- Net income from securities lending: $69K (0.018% of average net assets)
HWMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $40K | 23.96% |
| JEFFERIES LLC | $29K | 17.29% |
| RBC CAPITAL MARKETS LLC | $21K | 12.70% |
| UBS SECURITIES LLC | $15K | 8.62% |
| SANFORD C. BERNSTEIN & CO. LLC | $14K | 8.11% |
| COWEN AND COMPANY, LLC | $12K | 6.99% |
| BNP PARIBAS SECURITIES CORP. | $11K | 6.64% |
| EVERCORE GROUP L.L.C. | $9K | 5.52% |
| ROBERT W. BAIRD & CO. INCORPORATED | $9K | 5.42% |
| WELLS FARGO SECURITIES LLC | $8K | 4.75% |
HWMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $3.3M | 100.00% |
Hotchkis and Wiley Mid-Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HWMZX | Class Z | 0.87% | none |
| HWMV | C000279543 | 0.94% | — |
| HWMIX | Class I | 0.99% | none |
| HWMAX | Class A | 1.20% | 5.25% |
| HWMCX | Class C | 1.98% | none |
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.