Capital Income Fund
The Capital Income Fund targets capital appreciation and current income through a diversified portfolio of undervalued stocks and high yield bonds. We believe the Fund’s advantage comes from its flexibility to invest across the capital structure, seeking the best risk-adjusted opportunities within targeted allocation ranges.
|NAV||$ Change||% Change|
|Open To New Investors||Yes|
|Net Expense Ratio*||1.06%|
|Gross Expense Ratio*||1.62%|
|Size of Fund (millions)||$15|
|30-Day SEC Yield with Expense Waiver||6.23%|
|30-Day SEC Yield w/o Expense Waiver||5.33%|
The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 29, 2020 so the net expense ratio does not exceed 1.05%. Over the past 12 months, the Fund invested in business development companies, which produced acquired fund fees and expenses (“AFFE”) of 0.01%. The reported net expense ratio is the expense ratio cap plus AFFE, or 1.06%. Net expense ratios were applicable to investors.
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. Click quarter-end or month-end to obtain the most recent fund performance.
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.
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The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC