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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructively positioned in high-conviction, deeply discounted value stocks."
The Hotchkis & Wiley Mid-Cap Value Fund returned 3.63% in Q2 2025, underperforming the Russell Midcap Value Index's 5.35% return. Market performance during the quarter was defined by volatility from tariff negotiations and geopolitics, with growth significantly outperforming value. Stock selection and an overweight position in Energy detracted from relative performance, offset by gains in Fluor (FLR), Adient (ADNT), and Popular (BPOP). The fund continues to maintain its largest overweight in Energy, trading at low multiples of normalized earnings with strong free cash flow potential, and its largest absolute weight in Financials.
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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 Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Growth Outlook
Market outlook remains above average conviction: The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Risk Appetite
Risk appetite posture is above average conviction: The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Forward Guidance
Forward guidance signal: The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Language Signal
Tone analysis indicates above average conviction language: The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Perceived Risk
Perceived risk level is evaluated as above average conviction. The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Hotchkis & Wiley Mid-Cap Value Fund posted a 3.63% return in Q2 2025, lagging behind its benchmark due to headwinds in its key overweight Energy sector, but remains constructiv...
