Firm also Wins Six Individual Lipper Fund Awards
LOS ANGELES -- (Business Wire)
Hotchkis & Wiley announced today that it was the recipient of seven
Lipper Fund Awards for 2015, including a firm-wide award: Best Equity
Funds, Small Fund Family. This award is based on the lowest average
decile rank of the three-year consistent return measure of 167 eligible
fund families for the period ended November 30, 2014. Additionally, two
Hotchkis & Wiley funds were recognized with multiple individual Lipper
awards, and two more were recognized with one award each.
The Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) received the awards for
top Mid-Cap Value Fund for both the three and five year periods ending
November 30, 2014, among 119 and 107 funds, respectively, based on the
historical risk-adjusted returns relative to its peers. Likewise,
Hotchkis & Wiley Small Cap Value Fund (HWSIX) received the awards for
top Small-Cap Value Fund for both the three and five year periods ending
November 30, 2014, among 235 funds and 191 funds, respectively, based on
the historical risk-adjusted returns relative to its peers.
The Hotchkis & Wiley Large Cap Value Fund (HWLIX) received the award for
top Large-Cap Value Fund for the three year period ending November 30,
2014 among 419 funds, while Hotchkis & Wiley Value Opportunities Fund
(HWAIX) received the award for top Multi-Cap Value Fund for the five
year period ending November 30, 2014 among 205 funds.
"We are gratified to receive these Lipper Awards. Our entire research
team supports all of our Funds strategies and deserves credit for this
recognition," said George H. Davis Jr., Chief Executive Officer and
Portfolio Manager of Hotchkis & Wiley Capital Management, investment
advisor to the Hotchkis & Wiley Funds. "As a firm, we will do our best
to keep up the good work for the investors of our Funds."
The Hotchkis & Wiley Mid-Cap Value Fund (HWMIX) is primarily managed by
Stan Majcher; the Hotchkis & Wiley Small Cap Value Fund (HWSIX) is
managed by David Green and James Miles; the Hotchkis & Wiley Large Cap
Value Fund (HWLIX) is overseen by George Davis, Scott McBride, and Judd
Peters; and the Hotchkis & Wiley Value Opportunities Fund (HWAIX) is
primarily managed by David Green.
About Hotchkis & Wiley
Since its inception in Los Angeles in 1980, Hotchkis & Wiley has focused
exclusively on finding undervalued securities that have the potential
for appreciation. As of December 2014, Hotchkis & Wiley managed over $8
billion in value equity and high yield assets for mutual fund investors.
The firm is independently owned with a majority interest held by
employees.
Past performance is no guarantee of future results. Visit www.hwcm.com
or call 1-800-796-5606 for current fund performance.
Lipper determined the fund group awards by averaging Lipper’s three-year
Consistent Return scores for all of the firm’s funds within the asset
class, and the eligible group with the lowest average decile rank
received the award for that asset class. In case of a tie, the group
with the lower average percentile rank received the award. Fund groups
with at least five equity, five bond, or three mixed equity portfolios
that received Consistent Return scores as of November 30, 2014, are
eligible for a fund group award in the respective asset class. Lipper
Small Company Group Awards are given in four categories – Overall,
Equity, Fixed Income and Mixed Asset. Small companies consisted of those
fund families with assets under management of less than $52.6 billion.
For more information on the Lipper methodology, visit www.lipperweb.com.
A Lipper Fund Award is awarded to one fund in each Lipper classification
on for achieving the strongest trend of consistent risk-adjusted
performance against its classification peers over a three, five or
ten-year period. Although Lipper makes reasonable efforts to ensure the
accuracy and reliability of the data contained herein, the accuracy is
not guaranteed by Lipper. Users acknowledge that they have not relied
upon any warranty, condition, guarantee, or representation made by
Lipper. Any use of the data for analyzing, managing, or trading
financial instruments is at the user’s own risk. This is not an offer to
buy or sell securities. Lipper—a Thomson Reuters company is an
independent mutual fund research and rating service. The awards are
specific to Class I shares and do not apply to other share classes of
the Funds.
The Lipper Fund Awards are part of the Thomson Reuters Awards for
Excellence, a global family of awards that celebrate exceptional
performance throughout the professional investment community. The
Thomson Reuters Awards for Excellence recognize the world's top funds,
fund management firms, sell-side firms, research analysts, and investor
relations teams. The Thomson Reuters Awards for Excellence also include
the Extel Survey Awards and the StarMine Analyst Awards. For more
information, please contact markets.awards@thomsonreuters.com
or visit excellence.thomsonreuters.com.
You should consider the Hotchkis & Wiley Funds’ investment
objectives, risks, and charges and expenses carefully before you invest.
This and other important information is contained in the Funds’ summary
prospectus and prospectus, which can be obtained by calling
1-800-796-5606 or visiting our website at www.hwcm.com.
Read carefully before you invest.
Mutual fund investing involves risk, loss of principal is possible.
For the Mid-Cap Value, Small Cap Value and Value Opportunities Funds,
investing in small and medium-sized companies involves greater risks
than those associated with investing in large company stocks, such as
business risk, significant stock price fluctuations and illiquidity. For
the Value Opportunities Fund, investing in non-diversified funds means
it may concentrate its assets in fewer individual holdings than a
diversified fund. Therefore, the Fund is more exposed to individual
stock volatility than a diversified fund. The Small Cap and Value
Opportunities Funds may invest in ETFs, which are subject to additional
risks that do not apply to conventional mutual funds, including the
risks that the market price of an ETF’s shares may trade at a discount
to its net asset value ("NAV"), an active secondary trading market may
not develop or be maintained, or trading may be halted by the exchange
in which they trade, which may impact a Fund’s ability to sell its
shares. For the Value Opportunities Fund, investments in debt securities
typically decrease in value when interest rates rise. This risk is
usually greater for longer-term debt securities. Investments by the
Funds in lower-rated and non-rated securities present a greater risk of
loss to principal and interest than higher-rated securities. Some Funds
may invest in American Depository Receipts (“ADRs”) and Global
Depository Receipts (“GDRs”) which may be subject to some of the same
risks as direct investment in foreign companies.
Not FDIC Insured. No Bank Guarantee. May Lose Value.
The Hotchkis &
Wiley Funds are distributed by Quasar Distributors, LLC
www.hwcm.com
| 1-800-796-5606
Contacts:
Media:
Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
tucker@hewescomm.com
Source: Hotchkis & Wiley
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