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You should consider the Hotchkis & Wiley Funds' investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Funds' summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.
For the Small Cap Value and Value Opportunities Funds, investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks. For the Value Opportunities Fund, investing in non-diversified funds means it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments by the Fund in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. The Value Opportunities Fund may invest in derivative securities, which can be volatile and involve various types/degrees of risk. Investments in foreign as well as emerging markets involve additional risk. The International Value Fund may invest in foreign and emerging markets securities, which subjects the Fund to increased risk. Please read the fund prospectus for a full list of the funds' risks.
This material is for general information purposes and should not be used as the sole basis to make any investment decision. Views expressed are not intended to be relied upon as research regarding a particular industry, investment or the markets in general, nor is it intended to predict performance of any investment or serve as a recommendation to buy or sell securities. Hotchkis & Wiley (“H&W”) is not responsible for any damages or losses arising from any use of this information.
The portfolio manager’s views and opinions expressed in this podcast are as of November 19, 2024. Such views are subject to change and may differ from others in the firm, or the firm as a whole. The portfolio manager’s comments may include estimated and/or forecasted views, which are believed to be based on reasonable assumptions within the bounds of current and historical information. However, there is no guarantee that any estimates, forecasts or views will be realized. Any discussion or view on a particular company, asset class/segment, industry/sector and/or investment type are not investment recommendations, should not be assumed to be profitable, and are subject to change.
Click on the respective link for the most recent top ten holdings as a % of the Fund's net assets: Small Cap Value Fund, Value Opportunities Fund and International Value Fund. Fund holdings are subject to change and are not recommendations to buy or sell any security. Diversification does not assure a profit or protect against a loss in a declining market.
As part of its investment process, the Adviser also considers certain environmental, social and governance (“ESG”) and sustainability factors that it believes could have a material negative or positive impact on the risk profiles of the issuers or underlying collateral assets of certain securities in which the Fund may invest.
Magnificent Seven stocks are a group of high-performing and influential companies in the U.S. stock market - Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla; MACD is a technical indicator to help investors identify price trends, measure trend momentum, and identify entry points for buying or selling; Margin of safety - buying with a "margin of safety," a phrase popularized by Benjamin Graham and Warren Buffett, is when a security is purchased for less than its estimated value. This helps protect against permanent capital loss in the case of an unexpected event or analytical mistake. A purchase made with a margin of safety does not guarantee the security will not decline in price; Price-to-Book (P/B) ratio measures the market's valuation of a company relative to its book value; Price-to-Earnings (P/E) ratio measures a company's share price relative to its earnings per share; Capital expenditure the money a company spends to acquire, maintain, or improve its fixed assets; Market capitalization is a measure of a company's total value based on the number of outstanding shares and the price per share. The Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000® Index. The S&P 500® Index is a broad-based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. The indices do not reflect the payment of transaction costs, fees and expenses associated with an investment in a Fund. The Funds' value disciplines may prevent or restrict investment in major stocks in the benchmark indices. It is not possible to invest directly in an index.
Russell Investment Group is the source and owner of the Russell Index data contained herein (and all trademarks related thereto), which may not be redistributed. The information herein is not approved by Russell. H&W and Russell sectors are based on the Global Industry Classification Standard by MSCI and S&P.
Mutual fund investing involves risk. Principal loss is possible. There can be no guarantee that any strategy (risk management or otherwise) will be successful.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC. No other products mentioned in this piece are distributed by Quasar Distributors, LLC.
©2024 Hotchkis & Wiley. All rights reserved. No portion of this podcast may be published, reproduced or transmitted in any form without the express written permission of H&W.
