# Hotchkis & Wiley International Value Fund (HWIV): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hwiv for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Hotchkis & Wiley · Asset class: Equity - Strategy: Actively Managed · Inception: 2026-07-22 Hotchkis & Wiley International Value Fund is an exchange-traded fund that seeks capital appreciation. The fund invests a minimum of 80% of its net assets primarily in non-U.S. companies that meet the adviser's definition of value, spanning all market capitalizations. ## Key Facts | Metric | Value | |---|---| | Price | $26.02 | | Expense Ratio | 4.22% | | Assets Under Management | $1.6M | | NAV | $26.34 (2026-11-05 close) | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $24.93 – $26.99 | | Beta | 0.86 | ## Frequently Asked Questions ### What does HWIV invest in? Hotchkis & Wiley International Value Fund is an exchange-traded fund that seeks capital appreciation. The fund invests a minimum of 80% of its net assets primarily in non-U.S. companies that meet the adviser's definition of value, spanning all market capitalizations. ### What is the expense ratio of HWIV? Hotchkis & Wiley International Value Fund (HWIV) charges an expense ratio of 4.22%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HWIV? Hotchkis & Wiley International Value Fund (HWIV) manages $1.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HWIV actively managed or an index fund? HWIV is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HWIV's is 4.22%) in exchange for the discretion to over- or under-weight positions. ### When was HWIV launched? Hotchkis & Wiley International Value Fund (HWIV) launched in July 2026 and is managed by Hotchkis & Wiley. ### How has HWIV performed? HWIV's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HWIV pay a dividend? Hotchkis & Wiley International Value Fund (HWIV) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HWIV pay dividends? Hotchkis & Wiley International Value Fund pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HWIV's dividend yield? HWIV's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is HWIV's next ex-dividend date? HWIV hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will HWIV's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.22% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HWIV charge its expense ratio? The expense ratio is deducted in tiny daily slices from HWIV's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HWIV cost more than a fund like VOO? HWIV is actively managed (current expense ratio 4.22%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether HWIV's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HWIV? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as HWIV (4.22%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hwiv - Distribution history: https://www.dividenddata.com/funds/hwiv/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hwiv/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hwiv/expenses - Peer comparison: https://www.dividenddata.com/funds/hwiv/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.