Hotchkis & WileyUS Stock StylesMid Cap#104 of 701 by YTD

Hotchkis & Wiley SMID Cap Diversified Value FundHWSM

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Compare

$31.83−0.9%

−$0.30 · Nov 6 close

Buy

AUM: $3M
Fee: 0.55%
Yield: 1.1%

Bumpy · 1Y: 1.1×S&P
Volume: 21
NAV: $31.83

What's insideAll 174 →

GEHC 2.2%WDAY 2.0%PPG 1.7%D 1.6%

52-week range3% below the high

$25.49$32.83

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.9%	+5.4%	−0.4%	+17.2%	+22.0%	—	—	+30.8%
Peer average	+0.2%	−1.2%	−5.6%	+10.0%	+12.7%	+61.3%	+39.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

HWSM in One Breath

HWSM Among Mid Cap ETFs

YTD

#1RNINBushido+37.1%$209M

#2ISMDInspire+20.8%$325M

#3IWSiShares+20.6%$14.8B

#4IMCViShares+20.4%$1.3B

#5EPSVHarbor+20.2%$5.7M

#6GRPMInvesco+20.1%$610M

#7VOEVanguard+18.4%$22.8B

#8ABCSAlpha Blue Capital+18.3%$13.2M

#10HWSMHotchkis & Wiley+17.2%$2.9M

End-of-day Nov 8, 2026 · 94 Mid cap ETFs by YTD

$10,000 in HWSM

$10,000 in HWSM became

$13,077

In the S&P 500 (VOO)

$13,385

Total return, dividends in · Mar 31, 2025 – Nov 6, 2026 · S&P 500 uses VOO

HWSM’s Top Holdings

Today

GEHCGE HealthCare Technologies2.2%WDAY2.0%PPG1.7%D1.6%APA1.4%AIG1.3%FFIV1.2%ACGL1.1%HST1.1%FCNCA1.0%ES1.0%ERIC1.0%CRBG1.0%SYF0.9%MGA0.9%BEN0.9%WAL0.9%ALLY0.9%NFG0.9%FLR0.8%POOL0.7%FCN0.7%

GEHCGE HealthCare Technologies2.2%WDAY2.0%PPG1.7%D1.6%APA1.4%AIG1.3%FFIV1.2%ACGL1.1%HST1.1%FCNCA1.0%ES1.0%ERIC1.0%

Financial ServicesConsumer CyclicalTechnologyIndustrialsHealthcareEnergyOther

Hotchkis & Wiley HWSM · 174 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What HWSM Holds

Today

Financial Services25.3%

AIG 1.3 · ACGL 1.1 · FCNCA 1.0 · CRBG · SYF · BEN · WAL

Consumer Cyclical14.9%

MGA · CHDN · BC · MAT · APTV · RUSHA · LAD

Technology14.8%

WDAY 2.0 · FFIV 1.2 · ERIC · VNT · FI · FTV · WK

Industrials10.6%

FLR · POOL · FCN · SWK · FBHS · AOS · BAH

Healthcare9.2%

GEHC 2.2 · ATR · LH · LIVN · CNC · CON · UHS

Energy7.4%

APA 1.4 · NFG · OVV · NOV

Utilities6.4%

D 1.6 · ES 1.0 · BKH · EXC · PPL · FE · POR

Hotchkis & Wiley HWSM · share of the fund by sector · as of Nov 6, 2026

GE’s Share of HWSM

Today

2.2%

$22 of every $1,000 in HWSM is GE

GE held by HWSM

$63K

Most GE per dollar

CSD10.2%

MVAL5.2%

HEAL4.7%

IHI4.6%

Hotchkis & Wiley HWSM · each square = $10 of $1,000 · as of Nov 6, 2026

HWSM’s Share of Mid Cap ETFs

Today

0.0%

of the $515B in 108 Mid cap ETFs

HWSM$2.9M0.0%

IJH$121B23.6%

VO$103B20.1%

105 others$290B56.3%

Mid cap ETF AUM · Nov 8, 2026

HWSM Fee per $100 vs Peers

Today

$0.55a year
per $100

$55 a year on $10,000

VO$0.03

IJH$0.05

VOE$0.05

IWR$0.18

MDY$0.23

HWSM$0.55

Expense ratio · Mid cap peers · Nov 8, 2026

Inside HWSM

98 holdings · as of Nov 6, 2026

HWSM

Hotchkis & Wiley SMID Cap Diversified Value Fund

Today

Financial Services25.3%AIGACGLFCNCACRBG15 more holdings19.0% of the fundConsumer Cyclical14.9%MGACHDNBC MAT10 moreTechnology14.8%WDAYFFIVERICVNTFI FTV8 moreIndustrials10.6%FLRPOOLFCNSWKFBHSAOS6 moreHealthcare9.2%GEHCATRLH 5 moreEnergy7.4%APANFGUtilities6.4%D ES 1 moreBasic Materials3.6%PPGConsumer Defensive3.3%STZTAPSJMKHCReal Estate3.2%HSTOMC

#	Ticker	Company	Weight ▼
1	GEHC	GE HealthCare Technologies	2.21%
2	WDAY	Workday	2.04%
3	PPG	PPG Industries	1.69%
4	D	Dominion Energy	1.57%
5	APA	APA	1.39%
6	AIG	American International Group	1.27%
7	FFIV	F5	1.23%
8	ACGL	Arch Capital Group	1.11%
9	HST	Host Hotels & Resorts	1.09%
10	FCNCA	First Citizens BancShares /NC	1.04%

See all 174 holdings ↓

Financial ServicesConsumer CyclicalTechnologyIndustrialsHealthcareEnergyUtilitiesBasic MaterialsConsumer DefensiveReal EstateCommunication ServicesOther

Hotchkis & Wiley HWSM · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 24.0%

All HWSM Holdings

174 holdings · as of Nov 6, 2026

HWSM

HWSM’s Holdings

Today

#
1	GEHCGE HealthCare Technologies	Healthcare	2.21%	$221.27	764	$64K
2	WDAYWorkday	Technology	2.04%	$204.21	295	$59K
3	PPGPPG Industries	Basic Materials	1.69%	$168.81	396	$49K
4	DDominion Energy	Utilities	1.57%	$157.50	654	$46K
5	APAAPA	Energy	1.39%	$139.39	927	$40K
6	—First American Government Obligations Fund 12/01/2031	—	1.28%	$127.84	37K	$37K
7	AIGAmerican International Group	Financial Services	1.27%	$127.34	455	$37K
8	FFIVF5	Technology	1.23%	$122.90	114	$36K
9	ACGLArch Capital Group	Financial Services	1.11%	$110.89	290	$32K
10	HSTHost Hotels & Resorts	Real Estate	1.09%	$108.60	1,275	$31K
11	FCNCAFirst Citizens BancShares /NC	Financial Services	1.04%	$103.61	13	$30K
12	ESEversource Energy	Utilities	1.03%	$102.72	413	$30K
13	ERICTelefonaktiebolaget LM Ericsson	Technology	1.00%	$99.65	2,760	$29K
14	CRBGCorebridge Financial	Financial Services	0.96%	$95.56	807	$28K
15	SYFSynchrony Financial	Financial Services	0.95%	$94.78	370	$27K

Hotchkis & Wiley HWSM · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

HWSM

Hotchkis & Wiley SMID Cap Diversified Value Fund’s Peers

YTD


IJH	iSharesRead Desk	0.05%	+9.5%	+12.9%	$121.4B
VO	VanguardRead Desk	0.03%	+10.6%	+11.6%	$103.4B
IWR	iSharesRead Desk	0.18%	+12.9%	+14.7%	$56.9B
MDY	SPDRRead Desk	0.23%	+9.8%	+12.4%	$25.5B
VOE	VanguardRead Desk	0.05%	+18.4%	+22.7%	$22.8B
HWSM	Hotchkis & WileyThis fundRead Desk	0.55%	+17.2%	+22.0%	$3M

Mid cap peers · YTD and past-year returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put HWSM head to head with IJH →

IJH vs HWSM

YTD

IJHiShares · Mid capHWSMHotchkis & Wiley · Mid cap

Year to date

+9.5%

+17.2%

HWSM wins+7.8 pts

Past year

+12.9%

+22.0%

HWSM wins+9.1 pts

Fee

0.05%

0.55%

IJH winslower fee

Yield

1.3%

1.1%

IJH wins+0.1 pts

AUM

$121B

$2.9M

IJH42401.6× more

2–2level

iShares IJH and Hotchkis & Wiley HWSM · year-to-date · as of Nov 8, 2026 · AUM not scored

HWSM vs VOO

YTD

HWSM · Hotchkis & Wiley SMID Cap Diversified Value Fund

+17.2%

VOO · S&P 500

+8.7%

Gap

8.5 pts

Hotchkis & Wiley HWSM and Vanguard VOO · YTD total return · as of Nov 8, 2026

HWSM vs Its Peer Average

YTD

HWSMAvsBPeer average

1D−0.9%+0.2%

1M+5.4%−1.2%

3M−0.4%−5.6%

YTD+17.2%+10.0%

1Y+22.0%+12.7%

3Y[…]+61.3%

5Y[…]+39.3%

4–1HWSM wins

107 Mid cap peers · each row scaled to its leader

How Bumpy Is HWSM?

View

HWSM

How Bumpy

1.1×the S&P 500’s swings

CalmerBumpierS&P 1×HWSM

Calm rank among 7 mid cap funds#4

Other mid cap funds0.8× to 1.4×

Hotchkis & Wiley HWSM · daily swings over the past year vs the S&P 500

HWSM

Worst Drop

−10.2%from its Feb 20 high

Still below the high−3.0%

$10,000 at the high is now$9,700

Hotchkis & Wiley HWSM · fall from the highest close, past year

HWSM

On a Bad Day

0.6×the S&P 500’s fall

HWSM’s worst day: Monday, Feb 23

HWSM

−2.2%

S&P 500

−1.0%

Up days52 of every 100

S&P 500 up days52 of every 100

Hotchkis & Wiley HWSM · average move on days the S&P 500 fell

HWSM

Return for the Bumps

1Y#2 of 7 mid cap funds

#1VOEVanguard

most for the bumps

#2HWSMHotchkis & Wiley

#3IWRiShares

#4VOVanguard

#5IJHiShares

#6MDYSPDR

#7VOTVanguard

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

HWSM

Cost

Today

$55a year per $10,000

IJH

VOE

VOT

IWR

$18

MDY

$23

HWSM

$55

Expense ratio 0.55%, taken from the fund’s value

HWSM

Volatility & Beta

14.3%annual volatility

S&P 500 volatility13.6%

Downside volatility9.0%

Beta vs SPY0.60

Correlation vs SPY0.57

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 254 trading days

HWSM

Max Drawdown

−10.2%peak to trough

Peak closeFeb 20, 2026

Current drawdown−3.0%

Worst day−2.24% · Feb 23

Closing prices, dividends in

HWSM

Up / Down Capture

56%down capture vs SPY

Down days

56%

Up days

74%

S&P 500

100%

Up ÷ down capture1.33

Up days52.4% (S&P 52.0%)

Average daily move on SPY up days and down days

HWSM

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
VOE	1.67	2.55	11.4%	−6.9%	0.50	$5
HWSM	1.28	2.03	14.3%	−10.2%	0.60	$55
IWR	0.75	1.10	13.8%	−8.2%	0.86	$18
VO	0.57	0.81	12.9%	−8.2%	0.80	$3
IJH	0.57	0.83	15.5%	−8.8%	0.93	$5
MDY	0.55	0.80	15.4%	−8.8%	0.92	$23
VOT	−0.43	−0.58	18.6%	−14.0%	1.22	$5

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

HWSM

Trading

Today

0.00%at its holdings’ value

Close$31.83

NAV$31.83

Fee per $10,000$55 a year

Avg. volume 30D116 shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

HWSM

Fund Facts

Today

2025launched Mar 31

Tracks[…]

Exchange · CUSIPNASDAQ · 44134R438

StructureETF

Leverage1x

Cost on $10,000$55 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Hotchkis & Wiley HWSM · fund facts · as of Nov 8, 2026

HWSM

Payouts by Year

$0.36per share, Dec 2025

Distribution yield1.1%

Paid[…]

Latest ex-date · paidDec 3 · Dec 4, 2025

1 payouts added up$0.36 a share

Hotchkis & Wiley HWSM · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$31.83

Premium / discount[…]

Median spread · 30D[…]

Volume today21

Average volume · 30D116

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.55%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$55.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 3, 2025	Dec 4, 2025	$0.36

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