HWMIX Fees and Costs — Hotchkis and Wiley Mid-Cap Value Fund, Class I
Data updated: 2026-09-10
The net expense ratio is 0.99%: a 0.75% management fee plus 0.24% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $237K in broker commissions, 0.0611% of average net assets, and portfolio turnover was 52%.
HWMIX Fees and Expenses
Annual operating expenses and sales charges of HWMIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HWMIX Costs Over Time
On $10,000 invested in HWMIX, assuming 5% a year before costs, total costs come to $657 over 5 years, cutting the return by 1.10% 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 |
| Fund expenses (net expense ratio 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $657 |
| Value after costs | $10,390 | $11,215 | $12,106 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
HWMIX 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)
HWMIX 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% |
HWMIX 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% |
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.