Portfolio Manager Hunter Doble reviews:
- YTD performance drivers
- Sector exposure
- Japan and European exposure
- Current market volatility
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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. To obtain performance data current to the most recent month-end, access our website at www.hwcm.com.
Hotchkis & Wiley International Value Fund standardized performance - from the dropdown menu, select month-end or quarter-end standardized fund performance
You should consider the Hotchkis & Wiley International 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.
The 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 fund risks. All investments contain risk and may lose value. Equities, bonds, and other asset classes have different risk profiles, which should be considered when investing. Value investing style may over time go in and out of favor in certain market cycles. Exposure to investments in European countries may expose the Fund to the economic and political risks associated with Europe in general.
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 are as of November 20, 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.
Information obtained from independent sources is considered reliable, but H&W cannot guarantee its accuracy or completeness. Certain information contained in this material represents or is based upon forward-looking statements. Due to various risks and uncertainties, actual events/results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance or a representation as to the future.
Click on link for top ten Fund holdings: Hotchkis & Wiley 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 nor protect against loss in a declining market.
AI - Artificial Intelligence; Basis Points is a unit equal to 1/100th of 1% and is used to denote the change in a financial instrument; Book Value is the value of a company's assets after deducting its liabilities. It approximates the total value shareholders would receive if the company were liquidated; Gross Domestic Product (GDP) measures the total value of everything a country produces in goods and services over a set period; Multiples of Tangible Book provides a snapshot of the value of a company's physical assets versus its market price. The tangible book value is a company's net worth excluding intangible assets; Return on Capital (ROC) is a payment, or return, received from an investment that is not considered a taxable event and is not taxed as income; and Valuation is a process in which an analyst uses a company's latest financial statements to determine its current or projected value.
The MSCI World ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries. The MSCI World ex USA Value Index captures large and mid cap securities exhibiting overall value style characteristics across 22 of 23 Developed Markets countries. The MSCI Europe 600 Index is a free float-adjusted market capitalization weighted index designed to track the performance of the largest 600 securities of an underlying MSCI Europe IMI Index based on their free float-adjusted market capitalization. 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 the Fund. The Fund’s value disciplines may prevent or restrict investment in major stocks in the benchmark indices. It is not possible to invest directly in an index.
Past performance is not indicative of future performance.
Mutual fund investing involves risk. Principal loss is possible.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC
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