Hotchkis & Wiley Mid-Cap Value Fund (HWMV)

The Hotchkis & Wiley Mid-Cap Value Fund (HWMV) 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 focuses on stocks of U.S. mid-sized companies 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.