| Ticker: | HWAAX |
| Manager: | George H. Davis Jr. |
| Manager Since: | 12/02 |
| NAV (05/20/2013): | 25.92 |
| Objective: | Equity - Growth |
| Peer: | GR VL |
| Net Assets ($mil): | 48.94 |
| Inception: | 12/31/2002 |
HWAAX : Description
The fund was incepted in December 2002 and is managed by Hotchkis and Wiley Capital Management, LLC. The fund seeks capital appreciation. The fund invests in a small number of small and mid-sized companies, including investing in IPOs in order to capitalized on investments that it considers to be undervalued. The fund may invest up to 20% of its assets in foreign securities. Dividends and capital gains (if any) are distributed annually.
HWAAX : Composition - 05/13
| Stocks | 85.62% |
| Foreign Stocks | 11.61% |
| Cash | 4.21% |
| Bonds | 6.64% |
| Foreign Bonds | 0.00% |
| Preferred | 0.61% |
| Convertible | 0.53% |
| Other | 2.38% |
| Foreign Hedged | 0.00% |
HWAAX : Style Analysis - 05/13
| Large Growth | 0.00% |
| Large Value | 74.43% |
| Small Growth | 0.00% |
| Small Value | 12.51% |
| Foreign Stock | 0.00% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
HWAAX : Risk Analysis
| Beta v. S&P 500 | 1.08 |
| Beta v. EAFE | 0.06 |
| Beta v. Barclays Agg Bond | -1.33 |
| Alpha 3 Yr | 0.29 |
| Alpha 5 Yr | 6.36 |
| R-Sq 3 Yr | 0.87 |
| R-Sq 5 Yr | 0.86 |
| Std Dev 3 Yr | 20.11 |
| Std Dev 5 Yr | 26.15 |
| Sharpe 3 Yr | 0.89 |
| Sharpe 5 Yr | 0.60 |
HWAAX : Fees
| Expense Ratio | 1.30 |
| % Max Load | 5.25 |
| % Min Load | 0.00 |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 0.75 |
HWAAX : Purchase Choices:
| Min Initial Investment | 2500 |
| Min Subsequent Investment | 100 |
HWAAX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 16.94 | 19.64 | 19.97 | 19.91 | 15.73 | 9.02 | 14.67 | 19.54 | 17.62 | 21.49 | 25.92 |
| Total Return (%) | 69.76 | 16.38 | 6.33 | 8.26 | -11.53 | -42.24 | 65.47 | 34.53 | -6.89 | 29.26 | 15.26 |
| Annual Dividend Yield (%) | 0.13 | 0.07 | 0.99 | 0.04 | 0.12 | 0.67 | 1.63 | 0.91 | 0.43 | 1.37 | 1.20 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 410.76 | 55.15 | 14.48 | -75.36 | -170.31 | -52.35 | 390.56 | 194.72 | -89.96 | 132.75 | 25.20 |
| Rel Performance-Obj.Ret.(%) | 397.88 | 58.63 | -43.83 | -24.41 | -196.40 | -31.16 | 336.49 | 177.36 | -38.65 | 149.92 | 43.19 |
| Ret.Quintile vs Obj(1 is best) | 1 | 1 | 3 | 4 | 5 | 4 | 1 | 1 | 5 | 1 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 21 | 57 | 113 | 72 | 33 | 10 | 18 | 23 | 24 | 49 | 49 |
| Annual Turnover (%) | 11.00 | 21.00 | 39.00 | 73.00 | 53.00 | 119.00 | 210.00 | 166.00 | 137.00 | 123.00 | 0.00 |
| Annual Dividend Paid ($) | 0.02 | 0.01 | 0.21 | 0.01 | 0.02 | 0.06 | 0.25 | 0.18 | 0.08 | 0.32 | 0.00 |
| Annual Capital Gains Paid($) | 0.01 | 0.06 | 0.68 | 1.70 | 1.89 | 0.00 | 0.00 | 0.00 | 0.47 | 0.94 | 0.00 |
HWAAX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 1.47% | 8.26% | 19.49% | 15.26% | 27.20% | 15.80% | 12.21% | 12.69% | NA | NA |
| Ret. Percentile vs. Obj. (1 is best) | 40 | 5 | 4 | 4 | 1 | 1 | 1 | 1 | NA | NA |
HWAAX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 17.01 |
| Average Price/Book | 2.34 |
| Average EPS Growth | 11.23 |
| Average Market Value | 34,415.00 |
HWAAX : Stock Sector Breakout - 05/13
HWAAX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| VALASSIS COMMUNICATIONS | 9.40 | 416,500 |
| ~AMERICAN INTERNATIONAL GROUP | 9.28 | 300,200 |
| HEWLETT PACKARD CO | 3.85 | 308,500 |
| BANK OF AMERICA CORP | 3.57 | 351,200 |
| RENT A CENTER INC | 3.13 | 104,200 |
| WELLS FARGO + CO | 3.32 | 111,000 |
| UNUM GROUP | 3.19 | 175,100 |
| JPMORGAN CHASE + CO | 3.19 | 82,800 |
| CON WAY INC | 3.34 | 137,200 |