Mid-Cap Value Fund (HWMIX) - Limited Availability

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Strategy & Objective

The Fund seeks capital appreciation using a disciplined, value-oriented investment process. Through our consistent process and independent research, we own mid-size companies that we believe are undervalued relative to their tangible assets, have sustainable cash flow and potential for improving business performance. The Fund is well diversified and seeks to own mid-size U.S. based companies that offer the best combination of value and potential for price appreciation. The Fund typically holds 50-100 securities and generally invests in mid-size companies with a market capitalization ranging from $500 million to $20 billion.

  • Employs timeless investing principles and independent thinking to drive investment process
  • Exploits excessive investor reaction often exhibited in the stocks of mid-size companies
  • Capitalizes on the enhanced liquidity and minimal analyst coverage of mid-size companies

Read more about the mid-cap value strategy

FUND FACTS
As of 11/30/2014
Ticker HWMIX
Cusip 44134R800
Open to New Investors Limited Availability
Minimum Investment $1,000,000
Inception Date 01/02/1997
Gross Expense Ratio* 1.01%
Net Expense Ratio* n/a
Dividend Schedule Annual
Capital Gains Schedule Annual
Size of Fund (millions) $3,355
Size of Class (millions) $2,394
30-Day SEC Yield with expense waiver n/a
30-Day SEC Yield without expense waiver 0.39%

* As of 06/30/2014
As of 12/17/2014

STYLE: MID VALUE

INVESTMENT TEAM


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


Stan Majcher, CFA
18 Years with H&W
21 Years of Experience


Jim Miles
19 Years with H&W
26 Years of Experience

Mr. Davis and Mr. Majcher coordinate the day-to-day management of the Mid-Cap Value Fund portfolio. Mr. Miles participates in the investment research review and decision-making process and represents the Mid-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 Mid-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. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

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