HWVAX Performance — Hotchkis and Wiley Small Cap Diversified Value Fund, Class A
Data updated: 2026-09-10
HWVAX returned +19.40% year to date and +30.42% over one year to Jun 2026. Annualised returns are +12.49% over 3 years and +7.62% over 5 years. The fund trailed its US Small Blend category average: $100 invested three years ago grew to $142, against $156 for the category, and to $130 over one year, against $133. Volatility over the past three years was 19.49% a year. In the 12 months to Jun 2026 the fund lost a net $30.9M, and assets reached $915.96M.
HWVAX Growth of $100
What $100 invested in Hotchkis and Wiley Small Cap Diversified Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | HWVAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $133 |
| 3 years (Jul 2023 – Jun 2026) | $142 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $144 | $141 |
| Since data start (Jul 2019 – Jun 2026) | $203 | $209 |
HWVAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.40% |
| 1 year | +30.42% |
| 3 years (annualised) | +12.49% |
| 5 years (annualised) | +7.62% |
HWVAX Annual Returns
Calendar-year total returns of Hotchkis and Wiley Small Cap Diversified Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +19.40% |
| 2025 | +2.80% |
| 2024 | +4.12% |
| 2023 | +15.96% |
| 2022 | −6.59% |
| 2021 | +34.94% |
| 2020 | +0.99% |
| 2019 (Jul–Dec) | +7.61% |
HWVAX 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 | +6.5% | +1.2% | −2.0% | +7.7% | 0.0% | +4.9% | — | — | — | — | — | — |
| 2025 | +1.5% | −4.0% | −5.9% | −6.6% | +5.5% | +4.1% | +0.9% | +8.7% | −2.1% | −1.8% | +2.9% | +0.7% |
| 2024 | −5.3% | +1.6% | +4.9% | −5.8% | +4.7% | −2.3% | +11.2% | −3.1% | −0.8% | −2.2% | +10.5% | −7.4% |
| 2023 | +9.5% | −0.9% | −7.7% | −3.8% | −1.3% | +9.4% | +8.1% | −5.4% | −4.2% | −6.1% | +7.4% | +12.7% |
| 2022 | −1.1% | +1.2% | −0.9% | −6.7% | +4.4% | −10.2% | +9.3% | −3.0% | −10.8% | +14.7% | +4.4% | −4.9% |
| 2021 | +3.1% | +13.5% | +6.6% | +2.5% | +3.6% | −2.3% | −2.4% | +2.1% | −1.1% | +4.0% | −3.3% | +5.1% |
| 2020 | −7.3% | −11.6% | −27.7% | +15.1% | +2.6% | +4.3% | −0.4% | +6.3% | −4.8% | +6.3% | +19.8% | +7.8% |
| 2019 | — | — | — | — | — | — | +0.6% | −7.5% | +6.8% | +1.7% | +2.5% | +4.0% |
HWVAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 19.49%
- 3-year Sharpe ratio: 0.41 (vs 4.5% risk-free rate)
- Best month: +12.68% (Dec 2023)
- Worst month: −7.43% (Dec 2024)
HWVAX Fund Flows
Monthly money in and out of Hotchkis and Wiley Small Cap Diversified Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$30.9M
- 12-month gross sales (incl. reinvestments): $279.0M
- Sales ÷ redemptions: 0.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $15.4M | $28.3M | −$13.0M |
| May 2026 | $18.4M | $22.6M | −$4.2M |
| Apr 2026 | $23.0M | $25.8M | −$2.8M |
| Mar 2026 | $16.1M | $9.6M | $6.5M |
| Feb 2026 | $37.3M | $17.3M | $20.0M |
| Jan 2026 | $41.9M | $105.6M | −$63.7M |
| Dec 2025 | $23.2M | $21.8M | $1.4M |
| Nov 2025 | $12.3M | $8.7M | $3.7M |
| Oct 2025 | $11.0M | $11.2M | −$195K |
| Sep 2025 | $21.0M | $22.6M | −$1.6M |
| Aug 2025 | $22.5M | $22.4M | $119K |
| Jul 2025 | $36.9M | $14.0M | $22.9M |
HWVAX Assets Under Management
Net assets of Hotchkis and Wiley Small Cap Diversified Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $915.96M |
| 2026-03-31 | $827.02M |
| 2025-12-31 | $817.68M |
| 2025-09-30 | $807.35M |
| 2025-06-30 | $731.30M |
| 2025-03-31 | $758.44M |
| 2024-12-31 | $869.37M |
| 2024-09-30 | $872.69M |
| 2024-06-30 | $787.16M |
| 2024-03-31 | $850.36M |
| 2023-12-31 | $801.37M |
| 2023-09-30 | $682.57M |
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.