Mutual Funds

High Yield Fund

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High Yield Bond

Fund Overview

The High Yield Fund seeks to invest in undervalued debt securities of companies with attractive cash flow, strong asset coverage and financial flexibility to de-lever over time. We combine our research team’s expertise in small/mid-caps and fallen angels with a bias toward senior securities as we seek to maximize risk-adjusted returns.

As of 06/20/2024
NAV$ Change% Change

Fund Facts

As of 05/31/2024
Open To New InvestorsYes
Minimum Investment$2,500
Inception Date05/29/2009
Net Expense Ratio*0.92%
Gross Expense Ratio*0.98%
Dividend ScheduleMonthly
Size of Fund (millions)$890
30-Day SEC Yield with Expense Waiver6.55%
30-Day SEC Yield w/o Expense Waiver6.48%

Portfolio Managers

Ray Kennedy, CFA

15 Years with H&W 38 Years of Industry Experience

Mark Hudoff

14 Years with H&W 37 Years of Industry Experience

Patrick Meegan, CPA

25 Years with H&W 33 Years of Industry Experience

Richard Mak, CFA

10 Years with H&W 23 Years of Industry Experience

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

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 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. 

©2024 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 Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC

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