Mutual Funds

High Yield Fund

Fund Ticker
Fund Category
High Yield Bond


As of 06/30/2023
Net Expense Ratio0.92%
Gross Expense Ratio0.98%
Management Fee0.55%
12b-1 Fee0.25%
As of 01/31/2024
Minimum Investment$2,500
Minimum Subsequent Investment$100
Minimum IRA Investment$1,000
Minimum Subsequent IRA investment$100
Fiscal Year EndJune 30
Open To New InvestorsYes
Less than $100,0003.75%
$100,000 but less than $250,0003.25%
$250,000 but less than $500,0002.25%
$500,000 but less than $1 mm1.75%
$1 mm and greater0.00%

The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 29, 2024.

You should consider the Hotchkis & Wiley High Yield 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 non rated 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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1 All breakpoints represent dollar values. There is no initial sales charge on purchases of $1,000,000 or more of Investor A Shares; however you will pay a CDSC on the offering price or the net asset value of the shares on the redemption date (whichever is less) for shares redeemed within 12 months after purchase.

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