Hotchkis & Wiley International Value Fund (HWIV)

The Hotchkis & Wiley International Value Fund (HWIV) is an actively managed exchange-traded fund from Hotchkis & Wiley Capital Management, a Los Angeles-based investment firm known for its disciplined value investing approach.

The fund invests mainly in stocks of companies based outside the United States that the managers consider undervalued. Portfolio managers rely on fundamental research to identify companies whose shares trade below their estimate of intrinsic value, focusing on normalized earnings and cash flow rather than short-term results.