Mutual Funds

Diversified Value Fund

Select Share Class
Fund Ticker
HWCAX
Fund Style
V B G
L M S
Fund Category
Large Value

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 08/30/2004
A shares (w/o sales charge)3.81-13.02-25.78-13.12-3.030.457.714.87
A shares-1.64-17.57-29.69-17.68-4.75-0.637.134.51
Russell 1000 Value Index3.43-4.61-15.70-1.642.604.369.856.91
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 08/30/2004
A shares (w/o sales charge)-25.51-36.44-36.44-28.34-7.55-2.055.383.88
A shares-29.41-39.78-39.78-32.11-9.20-3.094.813.53
Russell 1000 Value Index-17.09-26.73-26.73-17.17-2.181.907.676.03

Calendar Year Performance

As of 05/31/2020
 2019201820172016201520142013201220112010
A SHARES28.92-14.9318.0919.62-8.0712.4036.2219.54-5.8919.09

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

As of 05/31/2020
 HWCAXRussell 1000 Value Index
2004-08-311000010000
2004-09-301023010155
2004-10-311035010324
2004-11-301113010846
2004-12-311155111209
2005-01-311135011010
2005-02-281168111375
2005-03-311169111219
2005-04-301157111018
2005-05-311197211283
2005-06-301229311407
2005-07-311274411737
2005-08-311254311686
2005-09-301268411850
2005-10-311240311549
2005-11-301287411926
2005-12-311297012000
2006-01-311319112466
2006-02-281323212542
2006-03-311326212712
2006-04-301343313035
2006-05-311294912705
2006-06-301290912787
2006-07-311291913097
2006-08-311331213317
2006-09-301374613582
2006-10-311418014027
2006-11-301459314347
2006-12-311487814669
2007-01-311514714857
2007-02-281506414625
2007-03-311502314851
2007-04-301587915400
2007-05-311628215955
2007-06-301569315583
2007-07-311473414862
2007-08-311450715028
2007-09-301450715545
2007-10-311456915546
2007-11-301353714787
2007-12-311318214644
2008-01-311323814057
2008-02-291194813468
2008-03-311167113367
2008-04-301244914018
2008-05-311248213996
2008-06-301062612656
2008-07-311067012611
2008-08-311077012825
2008-09-30918111883
2008-10-3176809826
2008-11-3069479121
2008-12-3171159248
2009-01-3162108184
2009-02-2854327091
2009-03-3163267697
2009-04-3072668522
2009-05-3178129049
2009-06-3078818982
2009-07-3185439717
2009-08-31921610226
2009-09-30948310621
2009-10-31920410296
2009-11-30970310876
2009-12-31975411069
2010-01-31955210757
2010-02-28993211097
2010-03-311072711819
2010-04-301102312125
2010-05-311006211128
2010-06-30944510502
2010-07-311024011213
2010-08-31958710733
2010-09-301051311566
2010-10-311082211913
2010-11-301072711850
2010-12-311161512785
2011-01-311195113074
2011-02-281221413556
2011-03-311217813610
2011-04-301245413973
2011-05-311214213825
2011-06-301201013541
2011-07-311153113092
2011-08-311062112275
2011-09-30977111348
2011-10-311100512647
2011-11-301081312581
2011-12-311093112835
2012-01-311161213320
2012-02-291228113851
2012-03-311264614262
2012-04-301248814116
2012-05-311151513289
2012-06-301198913948
2012-07-311197714093
2012-08-311235414399
2012-09-301264614856
2012-10-311264614783
2012-11-301252414777
2012-12-311306715082
2013-01-311375716062
2013-02-281389316293
2013-03-311465716938
2013-04-301508917194
2013-05-311561917636
2013-06-301549617480
2013-07-311643218424
2013-08-311591517725
2013-09-301634618169
2013-10-311690118965
2013-11-301755419494
2013-12-311780019988
2014-01-311720219278
2014-02-281817420111
2014-03-311863520592
2014-04-301867220787
2014-05-311899721092
2014-06-301932121643
2014-07-311887221274
2014-08-311959522056
2014-09-301919621601
2014-10-311940822086
2014-11-301988222538
2014-12-312000622676
2015-01-311910121770
2015-02-282036322823
2015-03-312008322513
2015-04-302042722723
2015-05-312068222996
2015-06-302030022537
2015-07-312035122636
2015-08-311894821288
2015-09-301795320645
2015-10-311931822203
2015-11-301940722288
2015-12-311839121809
2016-01-311705120682
2016-02-291661320676
2016-03-311832722166
2016-04-301901022631
2016-05-311910022983
2016-06-301850723182
2016-07-311915223855
2016-08-311970624039
2016-09-301996423989
2016-10-311961623617
2016-11-302156224966
2016-12-312199925590
2017-01-312225625773
2017-02-282289126699
2017-03-312291826427
2017-04-302301326377
2017-05-312318926351
2017-06-302363526782
2017-07-312394627138
2017-08-312341926822
2017-09-302450027616
2017-10-312496027817
2017-11-302527128669
2017-12-312598029087
2018-01-312749130212
2018-02-282580128769
2018-03-312510028263
2018-04-302563628356
2018-05-312560928524
2018-06-302589728595
2018-07-312696929727
2018-08-312706530166
2018-09-302714730226
2018-10-312504528661
2018-11-302505929517
2018-12-312210126682
2019-01-312486928759
2019-02-282559229678
2019-03-312527229867
2019-04-302667730926
2019-05-312434028938
2019-06-302635731015
2019-07-312664931272
2019-08-312498030352
2019-09-302614831435
2019-10-312678831875
2019-11-302780432860
2019-12-312849333764
2020-01-312720733038
2020-02-292431129838
2020-03-311811024739
2020-04-302037027520
2020-05-312114728463

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. 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 5.25%.

You should consider the Hotchkis & Wiley Diversified 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.

Mutual fund investing involves risk. Principal loss is possible.  The Fund may invest in 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 Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). A darkened square in the style box indicates the weighted average style of the portfolio.

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.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The Advisor has contractually agreed to fee waivers to limit Fund net expenses through August 29, 2020.

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

Index definitions