Hotchkis & Wiley Adds ETF Share Class to Mid-Cap Value Fund

Hotchkis & Wiley has launched an ETF share class of its Mid-Cap Value Fund under the ticker HWMV, offering exchange-traded access to the same portfolio held by its mutual fund share classes. The actively managed strategy invests in 50–80 undervalued mid-sized companies, emphasizing sustainable cash flow, strong balance sheets and long-term capital appreciation. It targets businesses whose prospects may be misunderstood or temporarily out of favor because of cyclical pressures. Managed by Stan Majcher, Hunter Doble and George Davis, the fund gives investors another way to access the existing strategy, with ETF shares trading throughout the day at market prices.