Hotchkis & Wiley
Hotchkis & Wiley International Value Strategy
International Value
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 3 investment theses and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Hotchkis & Wiley for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD
- YTD+14.6%index +15.0%
- 1Y+22.4%index +24.3%
- 3Y · /yr+23.2%index +23.7%
- 5Y · /yr+15.4%index +14.7%
- 10Y · /yr+10.9%index +10.4%
- Inception · /yr+10.7%index +9.9%
Index: MSCI World ex-USA Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Hotchkis & Wiley International Value Strategy | +14.6% | +22.4% | +23.2% | +15.4% | +10.9% | +10.7% |
| MSCI World ex-USA Value Index | +15.0% | +24.3% | +23.7% | +14.7% | +10.4% | +9.9% |
Calendar years
- 2025+40.4%index +42.2%
- 2024+6.4%index +6.6%
- 2023+22.9%index +18.5%
- 2022−5.2%index −5.6%
- 2021+18.1%index +13.3%
- 2020−2.2%index −3.2%
- 2019+20.1%index +17.0%
- 2018−18.5%index −15.1%
- 2017+18.5%index +21.0%
- 2016+11.5%index +7.4%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →Also held
Its investment theses
- SAPSep 2026SAP is a large, sticky application software business with strong balance sheet, improving governance, cloud growth upside, and a valuation discount the manager views as unwarranted.
- EricssonSep 2026Ericsson is a major provider of wireless network hardware and software, and the manager sees cost pressure as manageable despite near-term earnings weakness.
- SAP SEJun 2026SAP SE is a sticky enterprise software leader with a multi-year growth runway, pricing power, margin expansion, and shareholder-friendly management.