Hotchkis & Wiley launches ETF Share Classes for International Value Fund and Opportunities Fund. These new ETFs reflect Hotchkis & Wiley's continued commitment to offer its strategies through multiple investment vehicles, providing investors with the choice between a mutual fund and an ETF that trades on an exchange throughout the day, backed by the same portfolio and investment teams.
The International Value strategy invests in 40-80 attractively valued companies located outside the U.S., focusing on durable businesses run by shareholder-friendly management teams.
The Opportunities strategy takes a similarly flexible approach, building a concentrated portfolio of 45-75 undervalued issuers and opportunistically investing in special situations such as merger arbitrage, bonds and preferred stock.
The addition of ETF share classes builds on the firm's expansion into the ETF ecosystem. With these new funds, investors gain broader flexibility to access Hotchkis & Wiley's actively managed strategies in the format that best suits their needs.
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Investors should consider the Hotchkis & Wiley International Value Fund and Hotchkis & Wiley Opportunities Fund’s investment objectives, risks, and charges and expenses carefully before investing. This and other important information are contained in the Funds summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The International Value Fund may invest in foreign and emerging markets securities, which subjects the Fund to increased risk. The Opportunities Fund is non-diversified and may invest in foreign securities, junk bonds, derivatives, or small/mid cap 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.
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.
Investing involves risk. Principal loss is possible.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC
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