HWSIX Fees and Costs — Hotchkis and Wiley Small Cap Value Fund, Class I
Data updated: 2026-09-10
The net expense ratio is 1.01%: a 0.75% management fee plus 0.34% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $453K in broker commissions, 0.0626% of average net assets, and portfolio turnover was 53%.
HWSIX Fees and Expenses
Annual operating expenses and sales charges of HWSIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.01% |
| 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 |
HWSIX Costs Over Time
On $10,000 invested in HWSIX, assuming 5% a year before costs, total costs come to $670 over 5 years, cutting the return by 1.13% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $7 | $20 | $36 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $113 | $369 | $670 |
| Value after costs | $10,387 | $11,208 | $12,093 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
HWSIX 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): 0.0626%
- Total broker commissions: $453K
- Bought from dealers (principal trades, not a cost): $20.7M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $749K
- Net income from securities lending: $10K (0.001% of average net assets)
HWSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES INC. | $113K | 29.66% |
| JEFFERIES LLC | $102K | 26.90% |
| J.P. MORGAN SECURITIES LLC | $44K | 11.46% |
| MORGAN STANLEY SMITH BARNEY LLC | $33K | 8.65% |
| SANFORD C. BERNSTEIN & CO. LLC | $32K | 8.49% |
| RBC CAPITAL MARKETS LLC | $18K | 4.62% |
| EVERCORE GROUP L.L.C. | $13K | 3.37% |
| KEEFE, BRUYETTE & WOODS, INC. | $10K | 2.57% |
| CITIGROUP GLOBAL MARKETS INC. | $9K | 2.47% |
| COWEN AND COMPANY, LLC | $7K | 1.82% |
HWSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $20.7M | 100.00% |
Hotchkis and Wiley Small 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 |
|---|---|---|---|
| HWSZX | Class Z | 0.90% | none |
| HWSIX | Class I | 1.01% | none |
| HWSAX | Class A | 1.23% | 5.25% |
| HWSCX | Class C | 1.99% | 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.