Mutual Funds

Capital Income Fund - reorganized 6/26/20 into High Yield Fund

Select Share Class
Fund Ticker
HWIAX
Fund Category
Allocation--50% to 70% Equity

Long Term Performance (%) Average Annual Total Returns for periods greater than one year

As of 05/31/2020
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 12/31/2010
A shares (w/o sales charge)3.99-14.94-23.75-17.69-6.50-1.34 5.00
A shares-0.92-18.99-27.39-21.58-8.00-2.30 4.45
S&P 500 Index4.763.59-4.9712.8410.239.86 12.16
ICE BofAML Corp. Govt. & Mtg Index0.481.665.649.735.214.04 3.95
50/50 Blend S&P 500 & ICE BofAML C/G/M Indexes2.622.980.6911.948.107.22 8.24
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 12/31/2010
A shares (w/o sales charge)-24.01-31.88-31.88-27.85-9.29-3.21 3.82
A shares-27.63-35.13-35.13-31.28-10.75-4.15 3.27
S&P 500 Index-12.35-19.60-19.60-6.985.106.73 10.38
ICE BofAML Corp. Govt. & Mtg Index-0.593.313.319.274.973.44 3.78
50/50 Blend S&P 500 & ICE BofAML C/G/M Indexes-6.47-8.55-8.551.385.385.34 7.27

Calendar Year Performance

As of 05/31/2020
 201920182017201620152014201320122011
A SHARES16.10-10.9710.0121.07-8.297.7623.0516.356.58

Growth of $10,000 since fund inception as of 05/31/2020

As of 05/31/2020
 HWIAX50/50 Blend S&P 500 & ICE BofAML C/G/M Indexes
2010-12-311000010000
2011-01-311023310124
2011-02-281040610308
2011-03-311043210314
2011-04-301069910531
2011-05-311067410543
2011-06-301058710440
2011-07-311053210417
2011-08-311011810219
2011-09-3096199892
2011-10-311035710437
2011-11-301035110422
2011-12-311065810530
2012-01-311086410811
2012-02-291118511043
2012-03-311139311196
2012-04-301140811226
2012-05-311101910944
2012-06-301147411171
2012-07-311178411328
2012-08-311199811461
2012-09-301220111615
2012-10-311218811520
2012-11-301219611566
2012-12-311240111608
2013-01-311293111866
2013-02-281305611978
2013-03-311356712208
2013-04-301396612391
2013-05-311400612416
2013-06-301380712232
2013-07-311431212550
2013-08-311406912334
2013-09-301434712587
2013-10-311474212931
2013-11-301501113099
2013-12-311526013222
2014-01-311505013098
2014-02-281563213435
2014-03-311588813479
2014-04-301608013586
2014-05-311621213830
2014-06-301645413976
2014-07-311605213863
2014-08-311649714221
2014-09-301620414073
2014-10-311632514316
2014-11-301659614564
2014-12-311644314551
2015-01-311625914496
2015-02-281685714837
2015-03-311664614756
2015-04-301688714798
2015-05-311693514874
2015-06-301657614649
2015-07-311669014856
2015-08-311581814397
2015-09-301535214267
2015-10-311590314872
2015-11-301569814872
2015-12-311508114731
2016-01-311434514472
2016-02-291425414517
2016-03-311545415072
2016-04-301590315129
2016-05-311595615268
2016-06-301575015431
2016-07-311629215766
2016-08-311690715766
2016-09-301693015761
2016-10-311682415552
2016-11-301773415651
2016-12-311825815815
2017-01-311862015983
2017-02-281893416355
2017-03-311894416361
2017-04-301908516507
2017-05-311936216689
2017-06-301940016734
2017-07-311966316940
2017-08-311934517046
2017-09-301981817178
2017-10-311970817384
2017-11-301976117639
2017-12-312008717779
2018-01-312066018184
2018-02-282010017762
2018-03-311989317594
2018-04-302045917563
2018-05-312043417836
2018-06-302063917881
2018-07-312089218215
2018-08-312095918571
2018-09-302110318563
2018-10-311970517854
2018-11-301946018088
2018-12-311788617441
2019-01-311953318230
2019-02-282000018521
2019-03-311960518884
2019-04-302029819267
2019-05-311923718831
2019-06-301998119618
2019-07-311999619786
2019-08-311892719901
2019-09-301961320027
2019-10-311975620271
2019-11-302007520634
2019-12-312076620935
2020-01-311998621144
2020-02-291861520469
2020-03-311414519145
2020-04-301522520541
2020-05-311583321079

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. 

A Shares inception is 2/28/2011. Returns shown for A Shares for the periods prior to its inception are derived from the historical performance of I Shares of the Fund during such periods and have been adjusted to reflect the higher total annual operating expenses of the A Shares. Performance without sales charges would be lower if the sales charges were shown. Total returns with sales charges reflect the deduction of the current maximum initial sales charges of 4.75%.

You should consider the Hotchkis & Wiley Capital Income 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.  Investments in debt securities involve credit risk and typically decrease in value when interest rates rise.  Investments in lower rated and nonrated securities involve greater risk.  The Fund may invest in derivatives, asset backed and mortgage backed securities, and foreign securities. Please read the fund prospectus for a full list of fund risks. 

©2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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 results.

The Growth of $10,000 Since Fund Inception chart reflects a hypothetical $10,000 investment in the class of shares noted with no sales charges applied. Assumes reinvestment of dividends and capital gains. Performance for other share classes will vary.

The ICE BofAML index data referenced is the property of ICE Data Indices, LLC (“ICE BofAML”) and/or its licensors and has been licensed for use by Hotchkis & Wiley. ICE BofAML and its licensors accept no liability in connection with its use. See Index definitions for full disclaimer.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 29, 2020.

The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC

Index definitions