Hotchkis & Wiley Large Cap Value Fund’s Q3 2024 Investor Letter

Hotchkis & Wiley Funds, an investment management company, released its “Hotchkis & Wiley Large Cap Value Fund” third quarter 2024 investor letter. The S&P 500 Index was up +22.1% since the start of the year and returned +5.9% in the third quarter. The latest update on the Consumer Price Index provided additional proof that the rate of inflation is declining sustainably. In the quarter, large value beat large growth (+9.4% vs. +3.2%), although growth has a significant advantage so far this year (+24.6% vs. +16.7%). In the third quarter of 2024, the Hotchkis & Wiley Large Cap Fundamental Value portfolio underperformed the Russell 1000 Value index (gross and net of management fees). In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Hotchkis & Wiley Large Cap Value Fund’s Q3 2024 investor letter can be downloaded here.