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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the SMID Cap Diversified Value ETF please visit www.hwcm.com OR call 1-800-796-5606. Read the prospectus or summary prospectus carefully before investing.
Investing in smaller, medium-sized and/or newer companies involves greater risks than those associated with investing in larger companies. Please read the prospectus for a full list of fund risks. Diversification does not assure a profit nor protect against loss in a declining market.
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.
ETFs 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 premium or 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 an ETF’s ability to sell its shares. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.
New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.
The portfolio manager’s views and opinions expressed are as of June 29, 2025. Such views are subject to change without notice 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. In the event of new information or changed circumstances, H&W reserves the right to change its investment perspective and outlook and has no obligation to provide revised assessments and/or opinions.
The Russell 2500 Value Index measures the performance of the small to mid-cap value segment of the US equity universe. The Russell 1000 Growth Index (The Large-Cap Growth Index) measures the performance of the large-cap growth segment of the U.S. equity securities. The indices do not reflect the payment of transactions costs, fees and expenses associated with an investment in the ETF. It is not possible to invest directly in an index.
Artificial Intelligence (AI) refers to computer systems that can perform complex tasks normally done by human-reasoning, decision making, creating, etc.; Fundamental Risk Ratings are part of the firm’s internal risk evaluation process, where as the risk profile of a security is discussed and scored; Magnificent Seven represents Meta, Alphabet, Tesla, Nvidia, Apple, Amazon, and Microsoft; Registered Investment Advisor (RIA) is a financial professional or firm that advises clients on securities investments and may manage their investment portfolios; Price-to-Earnings (P/E) ratio measures a company's share price relative to its earnings per share (EPS); Forward P/E Ratio measures the relationship of the current stock price to the forecasted earnings-per-share (EPS); SMID refers to Small and Mid-Cap stocks, representing companies with market capitalizations between small and mid-sized ranges; Turnkey asset Management Programs (TAMPs) are investment solutions that financial institutions can use to help manage their client's investment accounts.
Past performance is not indicative of future performance.
Investing involves risk. Principal loss is possible.
The SMID Cap Diversified Value ETF is distributed by Quasar Distributors, LLC
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