HWSM ETF — Hotchkis & Wiley SMID Cap Diversified Value Fund

Hotchkis & Wiley SMID Cap Diversified Value Fund (HWSM)

Updated October 16, 2026.

HWSM is an ETF. its trailing-12-month yield is 1.17%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 26.9% over the past 1.5 years, 11.8 points behind SPY at 38.7%.

Hotchkis & Wiley SMID Cap Diversified Value Fund is an ETF that invests at least eighty percent of its assets in equity securities of small to mid-capitalization companies that the fund's advisor believes are undervalued, with potential exposure to foreign securities as well. The fund currently distributes annually, with a modest current distribution rate and an expense ratio of 0.55%; note that its most recent distribution was a special one-time payout and may not recur on a regular basis. This fund appeals to value-oriented investors seeking exposure to undervalued small and mid-cap equities.

HWSM performance versus SPY

Price and return data through 2026-10-16.

Total return is 26.9% over the past 1.5 years, 11.8 points behind SPY at 38.7%. Over the past year its total return — price change plus distributions reinvested — is 19.7%. Its deepest 1-year drawdown was 10.2%.

HWSM key facts

Distribution Safety Score™

50 · Unproven

Issuer

Hotchkis & Wiley

Asset type

ETF

Asset class

Equity

Inception date

03/28/2025

Expense ratio

0.55%

Distribution frequency

Annual

Trailing yield

1.17%

Last close

$30.90 (as of 2026-10-16)

AUM

$2,697,006

Average volume

13.0

Dividend

$0.362

Ex-dividend date

12/03/2025

Payment date

12/04/2025

Beta

0.7773

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.17%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Hotchkis & Wiley; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

HWSM risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.2%.

Who may consider HWSM — and who may not

It is a weaker fit for investors who need monthly cash flow (HWSM pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on HWSM

• All tickers starting with H

Tagged: Value, Mid Cap, Small Caps.

Frequently asked questions

More securities from Hotchkis & Wiley.