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Morningstar

Hotchkis & Wiley High Yield A HWHAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.09  /  0.04 %
  • Total Assets 785.9 Mil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • 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 5.26%
  • Effective Duration 3.88 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

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

Summary

| by Paul Olmsted

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.

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