Expense Ratio History

HWTIX expense ratio history

Hotchkis and Wiley International Small Cap Diversified Value Fund, Class I

Fund company
Hotchkis & Wiley Funds
Type
Mutual fund

4.84%

In basis points
484 basis points
Yearly cost per $10,000
$484
Prospectus dated
1 July 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 3.95% on 29 August 2025

Fee over time

HWTIX expense ratio: 3.77% until 27 Aug 2021, then 4.27%; 4.27% until 29 Aug 2022, then 4.23%; 4.23% until 29 Aug 2023, then 4.59%; 4.59% until 29 Aug 2024, then 3.95%; 3.95% until 29 Aug 2025, then 4.84%; read at 4.84% on 1 Jul 2026.0.00%2.00%4.00%6.00%8.00%Jun 2020Jul 2021Aug 2022Sep 2023Oct 2024Nov 20253.77% before4.84% from 29 Aug 2025
HWTIX expense ratio: 3.77% until 27 Aug 2021, then 4.27%; 4.27% until 29 Aug 2022, then 4.23%; 4.23% until 29 Aug 2023, then 4.59%; 4.59% until 29 Aug 2024, then 3.95%; 3.95% until 29 Aug 2025, then 4.84%; read at 4.84% on 1 Jul 2026.0.00%2.00%4.00%6.00%8.00%Jun 2020Jul 2022Aug 20243.77% before4.84% from 29 Aug 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
— Class Z 4.83% 0.89% 1 Jul 2026
HWTIX (this page) Class I 4.84% 0.89% 1 Jul 2026
— Class A 5.09% 1.14% 1 Jul 2026
— — 6.06% 0.89% 1 Jul 2026

Every figure we've recorded

DateFeeWhat happened
1 Jul 2026 4.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2026 4.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2025 4.84% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2025 4.84% Raised from 3.95% to 4.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-08-29
29 Aug 2024 3.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-08-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Aug 2024 3.95% Cut from 4.59% to 3.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-09-03
29 Aug 2023 4.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2023 4.59% Raised from 4.23% to 4.59%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-08-29
29 Aug 2022 4.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-08-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Aug 2022 4.23% Cut from 4.27% to 4.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-08-26
27 Aug 2021 4.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-08-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Aug 2021 4.27% Raised from 3.77% to 4.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-08-27
28 Aug 2020 3.77% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2020 3.77% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 4.84% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$4,970 in fees over 10 years

After fees, $10,000 grows to $10,039.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$496
3 years$1,489
5 years$2,482
10 years$4,970

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2020. Each one is listed above with a link to the filing.

How we read fees

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