Capital Income Fund - reorganized 6/26/20 into High Yield Fund
|Equity Portfolio Characteristics||Portfolio||S&P 500|
|Forward Price/Earnings (fiscal year)||7.2x||14.3x|
|Weighted Avg Market Cap ($M)||$89,942||$282,111|
|Number of Holdings||67||506|
|BOND PORTFOLIO CHARACTERISTICS||Portfolio||ICE BofAML Corp/Govt/Mtg|
|Modified Duration||3.8 years||6.3 years|
|Spread over Treasuries||1120 bps||111 bps|
|Average Coupon Rate||6.2%||3.2%|
|Number of Active Issuers||130||1,687|
BOND CREDIT QUALITY (%)
|BOND CREDIT QUALITY (%)||Portfolio|
|CCC+ or Lower||7.3|
|Cash & Equivalents||2.2|
|TOP FIVE EQUITY HOLDINGS (%)1||Portfolio|
|General Electric Co.||2.8|
|Motors Liquid. Co. GUC Tr||2.5|
|Wells Fargo & Co.||2.5|
|American Int’l Group Inc.||2.0|
ASSET ALLOCATION (%)1
|ASSET ALLOCATION (%)1|
1 % of total portfolio includes total investments, cash and cash equivalents, and accrued investment income on a trade date basis.
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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Credit Quality weights by rating are derived from the highest bond rating as determined by S&P, Moody’s or Fitch. Bond ratings are grades given to bonds that indicate their credit quality as determined by private independent rating services such as Standard & Poor’s, Moody’s and Fitch. These firms evaluate a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. Ratings are expressed as letters ranging from ‘AAA’, which is the highest grade, to ‘D’, which is the lowest grade. In limited situations when none of the three rating agencies have issued a formal rating, the Advisor will classify the security as nonrated.
Information on the Fund’s holdings and portfolio characteristics is subject to its portfolio holdings disclosure policy. Such information may be obtained through the Funds’ website or by calling 800-796-5606. Fund holdings and/or sector allocations are subject to change and are not buy/sell recommendations. Information presented based on proprietary or third-party estimates are subject to change and cannot be guaranteed.
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.
The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC