Hotchkis & Wiley Opportunities Fund (HWO)

The Hotchkis & Wiley Opportunities Fund (HWO) 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 pursues a flexible value strategy that can invest across company sizes and parts of the capital structure in search of attractively priced opportunities. 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.