Hotchkis & Wiley Opportunities Fund ETF Class (HWO)

Hotchkis & Wiley Opportunities Fund ETF Class (HWO) is an exchange-traded fund in the Mid Cap Value category. It has $898.37M in assets and an expense ratio of 0.90%. The fund normally invests in equity securities, such as common stock, preferred stock and convertible securities, of any size market capitalization, and investment grade and high yield ("junk bonds") fixed income securities. It seeks to invest in companies whose future prospects are misunderstood or not fully recognized by the market. The fund employs a fundamental value investing approach which seeks to exploit market inefficiencies created by irrational investor behavior. It is non-diversifie…