Capital Income Fund (HWIIX)

I SHARES    A SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Strategy & Objective

The Fund seeks high current income and long-term growth of income, as well as capital appreciation. To achieve this objective, the Fund invests in undervalued dividend-paying equities and high yield fixed income securities with an emphasis on maximizing current income. Leveraging the firm’s corporate research platform and using a disciplined, value investment process, the Fund invests across the corporate capital structure. Typically, the Fund invests 40-60% in dividend-paying stocks and 40-60% in high yield bonds. The Fund pays income distributions to shareholders monthly.

  • Emphasizes current income
  • Constructs a diversified portfolio of income-generating securities with flexible asset allocation ranges
  • Employs a disciplined and repeatable investment process using rigorous in-house fundamental research

Read more about the capital income strategy

FUND FACTS
As of 08/31/2014
Ticker HWIIX
Cusip 44134R719
Open to New Investors Yes
Minimum Investment $1,000,000
Inception Date 12/31/2010
Gross Expense Ratio* 1.34%
Net Expense Ratio* 0.80%
Dividend Schedule Monthly
Capital Gains Schedule Annual
Size of Fund (millions) $69
Size of Class (millions) $22
30-Day SEC Yield with expense waiver 3.86%
30-Day SEC Yield without expense waiver 3.58%

* As of 06/30/2014
As of 10/01/2014
INVESTMENT TEAM


Mark Hudoff
5 Years with H&W
27 Years of Experience


Patrick Meegan
16 Years with H&W
24 Years of Experience

Mr. Hudoff and Mr. Meegan coordinate the day-to-day management of the Capital Income Fund portfolio. They also represent the Capital Income Fund to current and prospective shareholders.

To view the full investment team, click here.  You will be leaving the mutual fund site and a separate browser window will open to the advisor site.

The Advisor has contractually agreed to waive fees through October 31, 2015.

Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit nor protect against loss in a declining market. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid. Investment in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may invest in foreign as well as emerging markets which involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC