Small Cap Value Fund (HWSIX) - Limited Availability

I SHARES    A SHARES    C 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 capital appreciation using a disciplined, value-oriented investment process. Through our consistent process and independent research, we own small cap 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 small 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 small companies with a market capitalization ranging from $100 million to $3 billion.

  • Employs timeless investing principles and independent thinking to drive investment process
  • Exploits excessive investor reaction often exhibited in the stocks of small size companies
  • Capitalizes on limited analyst coverage and the potential return opportunity of small companies

Read more about the small cap value strategy

FUND FACTS
As of 09/30/2014
Ticker HWSIX
Cusip 44134R867
Open to New Investors Limited Availability
Minimum Investment $1,000,000
Inception Date 09/20/1985
Gross Expense Ratio* 1.00%
Net Expense Ratio* n/a
Dividend Schedule Annual
Capital Gains Schedule Annual
Size of Fund (millions) $983
Size of Class (millions) $765
30-Day SEC Yield with expense waiver n/a
30-Day SEC Yield without expense waiver 0.34%

* As of 06/30/2014
As of 10/17/2014

STYLE: SMALL VALUE

INVESTMENT TEAM


David Green, CFA
17 Years with H&W
24 Years of Experience


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

Mr. Green and Mr. Miles coordinate the day-to-day management of the Small Cap Value Fund portfolio. They also represent the Small 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 Small 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 smaller and/or newer companies involves greater risks than those associated with investing in larger companies, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in ETFs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares.  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