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Hotchkis & Wiley High Yield I HWHIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
11.57  /  0.10 %
Total Assets
1.1 Bil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Average
Longest Manager Tenure
12.23 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
250,000
Status
Open
TTM Yield
5.07%
Effective Duration
3.71 years

USD | NAV as of Jun 23, 2021 | 1-Day Return as of Jun 23, 2021, 9:13 PM GMT+00:00

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Morningstar’s Analysis

Will HWHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HWHIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the HWHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of HWHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Performing out of step with marketlike competitors is axiomatic given this offering's approach.

Strategist

Summary

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Recent years have not been kind to its midsize and smaller issuers, but Hotchkis & Wiley High Yield's experienced management and analyst resources help support Morningstar Analyst Ratings of Silver and Bronze for its cheaper share classes; its others are rated Neutral.

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