HWNIX Fees and Costs — Hotchkis and Wiley International Value Fund, Class I
Data updated: 2026-09-10
The net expense ratio is 0.72%: a 0.55% management fee plus 2.90% other expenses, less a 2.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0625% of average net assets, and portfolio turnover was 30%.
HWNIX Fees and Expenses
Annual operating expenses and sales charges of HWNIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.90% |
| Gross expense ratio | 3.45% |
| Fee waiver | −2.73% |
| Net expense ratio | 0.72% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
HWNIX Costs Over Time
On $10,000 invested in HWNIX, assuming 5% a year before costs, total costs come to $492 over 5 years, cutting the return by 0.82% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $270 | $492 |
| Value after costs | $10,418 | $11,307 | $12,271 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
HWNIX 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): 0.0625%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
HWNIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $1K | 45.20% |
| SANFORD C. BERNSTEIN & CO. LLC | $443 | 15.32% |
| J.P. MORGAN SECURITIES LLC | $305 | 10.55% |
| KEPLER CAPITAL MARKETS INC. | $257 | 8.89% |
| COWEN AND COMPANY, LLC | $242 | 8.37% |
| RBC CAPITAL MARKETS LLC | $214 | 7.40% |
| GOLDMAN SACHS & CO. LLC | $116 | 4.01% |
| JEFFERIES LLC | $7 | 0.24% |
| LUMINEX TRADING & ANALYTICS LLC | $0 | 0.01% |
Hotchkis and Wiley International 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 |
|---|---|---|---|
| HWIV | C000279547 | 0.70% | — |
| HWNIX | Class I | 0.72% | 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.