Mutual Funds

High Yield Fund

Fund Ticker
HWHAX
Fund Category
High Yield Bond

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

As of 07/31/2020
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 03/31/2009
A shares (w/o sales charge)4.2510.87-5.25-3.480.432.935.418.22
A shares0.346.71-8.80-7.10-0.842.155.017.86
ICE BofA BB-B US HY Constrained Index4.8010.101.014.744.875.826.689.62
ICE BofA US HY Index4.7810.64-0.233.104.165.696.6110.45
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 03/31/2009
A shares (w/o sales charge)2.2310.10-9.11-7.77-0.531.955.417.88
A shares-1.605.97-12.52-11.23-1.791.175.017.52
ICE BofA BB-B US HY Constrained Index0.659.44-3.620.523.604.776.539.24
ICE BofA US HY Index0.979.61-4.78-1.102.944.586.4810.07

Calendar Year Performance

As of 07/31/2020
 2019201820172016201520142013201220112010
A SHARES9.32-3.637.9915.69-4.600.908.4417.641.9218.77

Growth of $10,000 since fund inception as of 07/31/2020

As of 07/31/2020
 HWHAXICE BofA BB-B US HY Constrained Index
2009-03-311000010000
2009-04-301063010902
2009-05-311098411492
2009-06-301111111801
2009-07-311172712346
2009-08-311178512541
2009-09-301233013121
2009-10-311263413324
2009-11-301278513422
2009-12-311321213734
2010-01-311342413912
2010-02-281348213944
2010-03-311400714312
2010-04-301428414580
2010-05-311374914152
2010-06-301386514356
2010-07-311445414839
2010-08-311445114922
2010-09-301495315323
2010-10-311541315656
2010-11-301525115480
2010-12-311569215691
2011-01-311607715990
2011-02-281623516191
2011-03-311622816263
2011-04-301647216492
2011-05-311656716590
2011-06-301637816446
2011-07-311650316670
2011-08-311565816109
2011-09-301505915619
2011-10-311605816450
2011-11-301563716154
2011-12-311599416538
2012-01-311656016960
2012-02-291698217308
2012-03-311703417270
2012-04-301716417445
2012-05-311697917268
2012-06-301730617600
2012-07-311764117948
2012-08-311786418151
2012-09-301815818383
2012-10-311829818554
2012-11-301848418693
2012-12-311881518950
2013-01-311911519150
2013-02-281921419235
2013-03-311940919405
2013-04-301974919754
2013-05-311974119616
2013-06-301927419098
2013-07-311962619438
2013-08-311951119303
2013-09-301966919496
2013-10-312006419980
2013-11-302025520053
2013-12-312040320145
2014-01-312053120288
2014-02-282087220704
2014-03-312099320745
2014-04-302113320888
2014-05-312128921094
2014-06-302144821261
2014-07-312117220991
2014-08-312139221339
2014-09-302096520924
2014-10-312100721234
2014-11-302093221092
2014-12-312058720849
2015-01-312064721034
2015-02-282114921510
2015-03-312112921405
2015-04-302145721644
2015-05-312160721720
2015-06-302133321410
2015-07-312119621343
2015-08-312078421006
2015-09-302029220498
2015-10-312066521106
2015-11-302021920725
2015-12-311964120266
2016-01-311918020015
2016-02-291912820177
2016-03-311997820904
2016-04-302069321604
2016-05-312082421675
2016-06-302104821867
2016-07-312156822401
2016-08-312212722852
2016-09-302224122959
2016-10-312233322990
2016-11-302228822867
2016-12-312272323249
2017-01-312316823514
2017-02-282355623814
2017-03-312344323779
2017-04-302370824070
2017-05-312395424267
2017-06-302387224304
2017-07-312418324560
2017-08-312408024584
2017-09-302431224775
2017-10-312440724887
2017-11-302435624821
2017-12-312453724871
2018-01-312469224978
2018-02-282453524733
2018-03-312439124594
2018-04-302450024730
2018-05-312442224699
2018-06-302451224755
2018-07-312475225020
2018-08-312486825216
2018-09-302500025343
2018-10-312454624971
2018-11-302425924833
2018-12-312364724363
2019-01-312455925442
2019-02-282490125862
2019-03-312506026151
2019-04-302550426486
2019-05-312505726208
2019-06-302547326888
2019-07-312537727045
2019-08-312525627243
2019-09-302528727338
2019-10-312527427429
2019-11-302534727595
2019-12-312585028043
2020-01-312587328062
2020-02-292527127658
2020-03-312133824696
2020-04-302209225729
2020-05-312298226855
2020-06-302349427028
2020-07-312449428326

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. 

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. 

A Shares inception is 5/29/2009. 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 3.75%.

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.

©2020 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (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 performance.

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 BofA index data referenced is the property of ICE Data Indices, LLC (“ICE BofA”) and/or its licensors and has been licensed for use by Hotchkis & Wiley. ICE BofA 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