HWIV: HOTCHKIS AND WILEY INTERNATIONAL VALUE FUND ETF CLASS
ETF Education Report: HWIV
The Hotchkis and Wiley International Value Fund ETF Class (HWIV) is an ETF designed to invest in international value stocks. Based on the supplied data, it is a non-leveraged fund that does not currently provide cash distributions to its investors.
What this ETF is trying to do
HWIV focuses on "value" investing on an international scale. This generally means looking for companies that the fund managers believe are priced lower than their actual worth. It is not a specialized income fund, a covered call ETF, or a crypto-related fund.
What the numbers show
As of September 25, 2026, the share price of HWIV was $26.00.
Currently, there is very little performance data available for this fund. The supplied facts show no data for year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.
Income and distribution explanation
For investors seeking regular cash payments, it is important to note that HWIV has a distribution yield of 0%. The data shows no distributions were detected over the last 12 months. Because it does not pay out cash, it has an income rating grade of "D" and an income rating score of 51.
NAV erosion explanation
NAV erosion happens when the net asset value (the actual value of the fund's underlying assets) declines over time.
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the "severe erosion-risk flag" is currently false, meaning the specific screening rules for severe price deterioration were not triggered.
Top Holdings
The fund holds a total of 60 assets. Because the holdings list is partial, only the largest positions are shown. As of October 12, 2026, the top holdings included:
• First American Government Obligs X: 4.71%
• Fuso Chemical Co Ltd: 4.45%
• SAP SE: 4.36%
• Telefonaktiebolaget L M Ericsson Class B: 4.07%
• Akzo Nobel NV: 3.45%
• Shell PLC: 3.41%
• TotalEnergies SE: 3.09%
• Heineken Holding NV: 2.93%
• BNP Paribas Act. Cat.A: 2.81%
• Nippon Sanso Holdings Corp: 2.59%
Holdings can change over time as the fund manager adjusts the portfolio.
Pros
• Diversification: The fund invests in a variety of international companies across different sectors.
• No Severe Risk Flag: The fund has not triggered the severe erosion-risk warning.
Cons
• No Income: There are no current distributions for investors who need cash flow.
• Limited Data: There is a lack of available historical return data to judge past performance.
Beginner takeaway
HWIV is an international value fund, not an income fund. While it provides exposure to global companies, it does not pay a distribution yield. New investors should remember that a lack of distributions means any potential gain would come from the share price increasing rather than from cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | FIRST AMERICAN GOVERNMENT OBLIGS X | FGXXX | 4.71% |
| 2 | FUSO CHEMICAL CO LTD | n/a | 4.45% |
| 3 | SAP SE | n/a | 4.36% |
| 4 | TELEFONAKTIEBOLAGET L M ERICSSON CLASS B | n/a | 4.07% |
| 5 | AKZO NOBEL NV | n/a | 3.45% |
| 6 | SHELL PLC | n/a | 3.41% |
| 7 | TOTALENERGIES SE | TTE:XPAR | 3.09% |
| 8 | HEINEKEN HOLDING NV | n/a | 2.93% |
| 9 | BNP PARIBAS ACT. CAT.A | n/a | 2.81% |
| 10 | NIPPON SANSO HOLDINGS CORP | n/a | 2.59% |