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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting from AI infrastructure trends and communication services holdings."
The Hotchkis & Wiley Global Value Fund returned 5.26% in Q3 2025, underperforming the MSCI World Value Index's 5.83%. Despite persistent trade frictions, tariff headlines, and U.S. government shutdown risks, global markets were sustained by robust AI infrastructure spending and tech earnings. Relative performance was detracted from by stock selection in financials, materials, technology, healthcare, and industrials, while communication services, consumer staples, and energy added value. Major individual contributors included Alphabet, Warner Bros. Discovery, and JDE Peet's, while WPP PLC, Elevance Health, and Comcast acted as the largest detractors during the quarter.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Growth Outlook
Market outlook remains above average conviction: The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Risk Appetite
Risk appetite posture is moderate conviction: The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Forward Guidance
Forward guidance signal: The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Language Signal
Tone analysis indicates above average conviction language: The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Hotchkis & Wiley Global Value Fund gained 5.26% in Q3 2025, trailing its value benchmark due to drag from stock selection in financials and health insurers, while benefiting fr...
