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Morningstar

Hotchkis & Wiley High Yield A HWHAX

Morningstar Medalist Rating
Medalist Rating as of | See Hotchkis and Wiley Investment Hub
  • NAV / 1-Day Return 10.14  /  0.02 %
  • Total Assets 926.1 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.60%
  • Effective Duration 3.73 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:07 PM GMT+0

Morningstar’s Analysis HWHAX

Will HWHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HWHAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HWHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HWHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy’s focus on smaller-cap high yield issuers helps it stand out.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Hotchkis & Wiley High Yield’s veteran portfolio managers and large fundamental research team drive this differentiated approach that focuses on debt of small- and mid-cap companies. The fund earns Morningstar Analyst Ratings of Silver and Bronze for its cheapest share classes and Neutral for its more expensive.

by Paul Olmsted
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings HWHAX

More HWHAX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 207
  • Other Holdings 9
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Usd

5.44
47,638,406
Cash and Equivalents

Boardriders Pref Stk

1.23
10,772,299
Corporate

Virgin Media Sec Finance PLC 5.5%

1.08
9,462,846
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.375%

0.99
8,658,569
Corporate

Emerald Debt Merger Sub L.L.C. / Emerald Co-Issuer Inc 6.625%

0.88
7,677,150
Corporate

Carnival Corporation 10.5%

0.85
7,448,077
Corporate

Venture Global LNG Inc. 9.875%

0.82
7,219,990
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

0.79
6,893,095
Corporate

Iracore Investments Holdings

0.76
6,676,995
—

Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer

0.69
6,087,892
Corporate