Hotchkis & Wiley Mid-Cap Value Fund’s Q3 2025 Investor Letter

Hotchkis & Wiley, an investment management company, released its “Hotchkis & Wiley Mid-Cap Value Fund” third-quarter 2025 investor letter. In the third quarter of 2025, equity markets posted strong gains with the S&P 500 Index, Nasdaq Composite, Dow Jones Industrial Average, and Russell 2000 Index hitting all-time highs. Enthusiasm over artificial intelligence (AI), a long-awaited Federal Reserve rate cut, and stronger-than-expected corporate earnings supported the investor sentiments in the quarter. The fund outperformed the Russell Midcap Value Index in the third quarter, gaining 7.74% vs 6.18% for the index. Please review the fund’s top 5 holdings to gain insight into their key selections for 2025.

A copy of Hotchkis & Wiley Mid-Cap Value Fund’s Q3 2025 investor letter can be downloaded here.