HWSM
Hotchkis & Wiley SMID Cap Diversified Value ETF
Hotchkis & Wiley SMID Cap Diversified Value Fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of U.S. small to mid-cap value stocks that are trading below their intrinsic value.
US
EQUITY
Active
MANAGEMENT STYLE
2.1 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Hotchkis & Wiley |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 28, 2025 |
| Assets (mns) | $2 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CRANE HOLDINGS, CO. | 1.4 % |
| SYNCHRONY FINANCIAL | 1.2 % |
| FRANKLIN RESOURCES INC | 1.2 % |
| POPULAR INC | 1.2 % |
| BORGWARNER INC | 1.2 % |
| HUNTINGTON INGALLS INDUSTRIE | 1.1 % |
| STATE STREET CORP | 1.1 % |
| TE CONNECTIVITY | 1.1 % |
| COREBRIDGE FINANCIAL INC | 1.1 % |
| WESCO INTERNATIONAL INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 154 |
| Herfindahl-Hirschman Index | 78 |
| Wgt avg mkt cap (mns) | $13,231 |
| Large cap (>$10bn) | 40.8% |
| Mid cap ($2-10bn) | 50.7% |
| Small cap (<$2bn) | 6.0% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.0 % |
 |
IRELAND | 3.7 % |
 |
CANADA | 3.3 % |
 |
BRITAIN | 3.2 % |
 |
BERMUDA | 2.5 % |
 |
PUERTO RICO | 1.2 % |
 |
SWEDEN | 1.1 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | 19.0% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | 19.0% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 27.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| Recent close | $25.81 |
| 30d moving avg. | $24.46 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 62 |
| Short interest | 6.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 21.6% | +15 bp | +11.1% |
| DFSV | Dimensional US Small Cap Value ETF | 19.8% | -24 bp | +10.4% |
| RPV | Invesco S&P 500 Pure Value ETF | 19.6% | -20 bp | +10.6% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 18.6% | -37 bp | +8.7% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 18.3% | -40 bp | +8.7% |
| EZM | WisdomTree U.S. MidCap Fund | 18.3% | -17 bp | +9.2% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 18.0% | -45 bp | +8.9% |
| DFAT | Dimensional U.S. Targeted Value ETF | 17.9% | -27 bp | +9.5% |
| FXO | First Trust Financials AlphaDEX Fund | 17.7% | +7 bp | +8.3% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 17.5% | +12 bp | +10.0% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/3/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
HWSM
10.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 963 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. HWSM's ALTAR Score™ is approximately
2.0 standard deviations
above
the category average. This places HWSM in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HWSMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| (55 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HWSM | 55.0 | 0.0 | 55 |
| Peer Avg. | 54.3 | 30.2 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .