Hotchkis & Wiley Opportunities Fund
HWO
NASDAQ Global Market- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles CA United States of America 90071
- IPO Date
- Jul 22, 2026
- Similar Companies
- Business
- Hotchkis & Wiley Opportunities Fund (ticker: HWO) is a diversified, actively managed investment fund that offers investors exposure to a concentrated portfolio of undervalued securities across the market capitalization spectrum, with the flexibility to invest in special situations. The Fund operates as part of Hotchkis & Wiley's broader platform of value-oriented equity and high yield strategies, and is offered in multiple share classes including mutual fund and exchange-traded fund (ETF) structures. Investment Strategy and Product Offerings The Opportunities Fund pursues a flexible, value-driven investment approach, typically holding 45 to 75 undervalued issuers selected from Hotchkis & Wiley's highest-conviction ideas. While the portfolio is primarily invested in equities, the Fund maintains the discretion to allocate capital opportunistically across special situations including merger arbitrage transactions, corporate bonds, and preferred stock. The Fund is classified as non-diversified and may invest in foreign securities, high-yield or "junk" bonds, derivatives, and small- to mid-cap companies, subject to the risks disclosed in its prospectus. The Fund offers both traditional mutual fund share classes (including Class A, Class I, and Class Z) and an ETF share class that trades on a national securities exchange throughout the day. Both structures are invested in the same underlying portfolio of securities and are managed by the same investment team, but differ in their purchase, redemption, and trading mechanics. Mutual fund shares are transacted at net asset value, while ETF shares are bought and sold at market-determined prices with intraday liquidity and potential tax efficiency benefits. Recent Developments In July 2026, Hotchkis & Wiley announced the launch of a new ETF share class for the Opportunities Fund, marking a significant expansion of the Fund's distribution options. This development follows the firm's broader initiative to provide investors with greater flexibility in accessing its actively managed strategies through multiple investment vehicles. The ETF share class, which began trading under the ticker HWO, uses the same portfolio and investment strategy as the existing mutual fund share classes. Additionally, effective July 1, 2026, the Fund underwent a name change from "Value Opportunities Fund" to "Opportunities Fund." This rebranding was administrative in nature, with no changes made to the Fund's investment objectives, strategy, or fee structure. The name change reflects the Fund's positioning within Hotchkis & Wiley's product lineup and its emphasis on opportunistic, value-oriented investing. These developments build on Hotchkis & Wiley's continued expansion into the ETF ecosystem, following the 2025 launch of its first standalone ETF, the Hotchkis & Wiley SMID-Cap Diversified Value ETF (HWSM). The addition of ETF share classes for the Opportunities Fund and the International Value Fund demonstrates the firm's commitment to offering its disciplined value strategies in formats that accommodate diverse investor preferences and trading needs. Fund Structure and Distribution The Hotchkis & Wiley Opportunities Fund is part of the Hotchkis & Wiley Funds trust, a family of mutual funds and ETFs managed by Hotchkis & Wiley, a Los Angeles-based global investment manager specializing in value equity and high yield strategies. The Fund's shares are distributed by Quasar Distributors, LLC. Hotchkis & Wiley oversees approximately $38 billion in actively managed equity and fixed-income portfolios across its platform. The Fund is subject to an advisory fee waiver and/or expense reimbursement agreement contractually in effect through August 29, 2027, which enhances its reported performance. In the absence of such waivers, total returns would be reduced. Investors are advised to carefully review the Fund's investment objectives, risks, charges, and expenses as detailed in its summary prospectus and prospectus before investing.