Fund Performance
| SMALL CAP VALUE FUND Period ended June 30, 2010 |
| PERFORMANCE (%) |
|||||||||
MTD |
Last 3 Mths |
YTD |
1 Yr |
3 Yrs |
5 Yrs |
10 Yrs |
Since 9/20/85 |
Expense Ratio |
|
|
|||||||||
| Class I shares | -8.79 | -8.05 | 6.83 | 49.02 | -9.91 | -2.55 | 12.30 | 10.76 | 1.14 |
| Class A shares (w/o sales charge) | -8.81 | -8.10 | 6.68 | 48.70 | -10.13 | -2.79 | 12.19 | 10.52 | 1.39 |
| Class A shares | -13.59 | -12.92 | 1.08 | 40.91 | -11.74 | -3.84 | 11.59 | 10.27 | 1.39 |
| Class C shares | -9.87 | -9.27 | 5.27 | 46.56 | -10.64 | -3.34 | 11.32 | 9.72 | 2.14 |
| Russell 2000 Index | -7.75 | -9.92 | -1.95 | 21.48 | -8.60 | 0.37 | 3.00 | 8.65 | |
| Russell 2000 Value Index | -8.73 | -10.60 | -1.64 | 25.07 | -9.85 | -0.51 | 7.48 | N/A | |
The performance shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment results and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end, access our website at www.hwcm.com.
You should consider the Fund’s investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by calling 1.800.796.5606. You may also print this information from the Download Center under "Fund Literature". Read carefully before you invest.
Returns shown for Class A and C shares for the periods prior to their inception are derived from the historical performance of Class I shares of the Fund during such periods and have been adjusted to reflect the higher total annual operating expenses of each specific class. (Inception dates: Class I-9/20/85, Class A-10/6/00, Class C-2/4/02). Class A returns without sales charge does not reflect the maximum sales load of 5.25%; if reflected, performance would be lower than shown. All other returns reflect the deduction of the current maximum initial sales charges of 5.25% for Class A shares and the applicable contingent deferred sales charge (CDSC) for Class C shares. Class C CDSC is 1% for the first year. Expense ratios are gross of any fee waivers or expense reimbursements.
Class I shares sold to a limited group of investors. Periods over one year are average annual total return. Average annual total returns include reinvestment of dividends and capital gains. Expense limitations may have increased the Fund’s total return.
The Russell 2000 Index, an unmanaged index, is comprised of the 2,000 smallest companies in the Russell 3000 Index. The Russell 2000 Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. The indexes do not reflect the payment of transaction costs, fees and expenses associated with an investment in the Fund. The Fund’s value disciplines may prevent or restrict investment in major stocks in the benchmark indices. It is not possible to invest directly in an index. The Fund’s returns may not correlate with the returns of their benchmark indexes.
The Hotchkis and Wiley Funds are available only to residents in the United States and its territories
NOT FDIC INSURED • NO BANK GUARANTEE •
MAY LOSE VALUE
The Hotchkis and Wiley Funds are distributed by Quasar Distributors, LLC