Large Cap Value Fund (HWLIX)

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Strategy & Objective

The Fund seeks current income and long-term growth of income, as well as capital appreciation using a disciplined, value investment process. Through our consistent process and independent research, we identify large cap companies that we believe are undervalued relative to their tangible assets, have sustainable cash flow and potential for improving business performance. The Fund seeks to own large, financially strong companies that offer the best combination of value and potential for price appreciation. The Fund typically holds 40-60 securities and generally invests in companies with a market capitalization greater than $3 billion.

  • Emphasizes rigorous in-house fundamental research to identify undervalued large cap companies
  • Employs a disciplined and repeatable investment process
  • Incorporates multiple perspectives to enhance understanding of risks

Read more about the large cap value strategy

FUND FACTS
As of 10/31/2014
Ticker HWLIX
Cusip 44134R503
Open to New Investors Yes
Minimum Investment $1,000,000
Inception Date 06/24/1987
Gross Expense Ratio* 1.01%
Net Expense Ratio* n/a
Dividend Schedule** Annual
Capital Gains Schedule Annual
Size of Fund (millions) $767
Size of Class (millions) $519
30-Day SEC Yield with expense waiver n/a
30-Day SEC Yield without expense waiver 1.33%

* As of 06/30/2014
**Effective 08/29/2014, the Fund will only pay an annual distribution in December.
As of 11/25/2014

STYLE: LARGE VALUE

INVESTMENT TEAM


George Davis, Jr.
26 Years with H&W
30 Years of Experience


Sheldon Lieberman
20 Years with H&W
28 Years of Experience


Scott McBride, CFA
13 Years with H&W
16 Years of Experience


Patty McKenna, CFA
19 Years with H&W
28 Years of Experience


Judd Peters, CFA
15 Years with H&W
17 Years of Experience

Mr. Davis, Mr. McBride and Mr. Peters coordinate the day-to-day management of the Large Cap Value Fund portfolio. Mr. Lieberman and Ms. McKenna participate in the investment research review and decision-making process and represent the Large Cap Value 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.

You should consider the Hotchkis & Wiley Large Cap Value 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 800-796-5606. Read carefully before you invest.

Mutual fund investing involves risk. Principal loss is possible.  The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.  The Fund may invest in American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”) which may be subject to some of the same risks as direct investment in foreign companies.

Diversification does not assure a profit nor protect against loss in a declining market.

©2014 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future performance.

The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).

 

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