Hotchkis & Wiley Launches ETF Share Class for Mid-Cap Value Fund

LOS ANGELES--(BUSINESS WIRE)--Hotchkis & Wiley, a global investment manager specializing in value equity and high yield strategies, today announced the launch of a new exchange-traded fund (ETF) share class for its Mid-Cap Value Fund. The new ETF is the Hotchkis & Wiley Mid-Cap Value Fund HWMV.

This new ETF share class reflects Hotchkis & Wiley's continued expansion of its ETF lineup, giving investors the choice between a mutual fund and an ETF that trades on an exchange throughout the day, backed by the same portfolio and investment team.

The Mid-Cap Value strategy invests in 50-80 undervalued mid-sized companies, targeting businesses with sustainable cash flow and strong balance sheets that are temporarily out of favor or misunderstood, with potential for long-term capital appreciation.

"The strategy for this ETF share class is identical to that of the existing mutual fund, backed by Hotchkis & Wiley's experienced investment team. Mid-cap value is an area where we're currently finding a number of undervalued companies, and this ETF gives investors an additional way to access that opportunity with the intraday liquidity and tax efficiency that ETFs can offer," said Scott McBride, Chief Executive Officer of Hotchkis & Wiley.

The addition of this ETF share class builds on the firm's expansion into the ETF ecosystem, following the 2025 launch of its first standalone ETF, the Hotchkis & Wiley SMID-Cap Diversified Value ETF (HWSM), the July 2026 launch of ETF share classes for the International Value Fund (HWIV) and Opportunities Fund (HWO), and the August 2026 launch of the ETF share class for the Global Value Fund (HWGV). These ETFs give investors broader flexibility to access Hotchkis & Wiley's actively managed strategies in the format that best suits their needs.

About Hotchkis & Wiley:

Hotchkis & Wiley Capital Management, based in Los Angeles, was founded in 1980. The firm oversees $42 billion in actively managed equity and fixed income portfolios. More information about Hotchkis & Wiley is available here: https://www.hwcm.com/who-we-are/

Disclosures

Investors should consider the Hotchkis & Wiley Mid-Cap Value Fund investment objectives, risks, and charges and expenses carefully before investing. This and other important information are contained in the Funds summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.

Investing involves risk. Principal loss is possible. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks. Please read the fund prospectus for a full list of fund risks.

ETFs 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 premium or 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 an ETF’s ability to sell its shares. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.

The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC