Mutual Funds

High Yield Fund

Fund Ticker
HWHCX
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
C shares (w/o CDSC)4.2610.72-5.29-3.88-0.232.264.677.50
C shares3.269.72-6.21-4.80-0.232.264.677.50
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
C shares (w/o CDSC)2.069.97-9.17-8.13-1.201.254.667.16
C shares1.068.97-10.05-9.01-1.201.254.667.16
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
C SHARES8.52-4.467.1715.08-5.340.087.4516.801.2717.93

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

As of 07/31/2020
 HWHCXICE BofA BB-B US HY Constrained Index
2009-03-311000010000
2009-04-301062410902
2009-05-311097111492
2009-06-301111311801
2009-07-311173112346
2009-08-311178112541
2009-09-301232913121
2009-10-311262513324
2009-11-301277713422
2009-12-311320413734
2010-01-311339513912
2010-02-281345613944
2010-03-311397014312
2010-04-301423714580
2010-05-311369814152
2010-06-301380414356
2010-07-311438014839
2010-08-311436814922
2010-09-301485715323
2010-10-311530315656
2010-11-301514615480
2010-12-311557115691
2011-01-311594115990
2011-02-281608716191
2011-03-311607116263
2011-04-301630216492
2011-05-311638616590
2011-06-301619016446
2011-07-311631616670
2011-08-311547616109
2011-09-301487815619
2011-10-311585016450
2011-11-301542816154
2011-12-311576816538
2012-01-311631416960
2012-02-291671717308
2012-03-311675817270
2012-04-301687617445
2012-05-311668517268
2012-06-301699517600
2012-07-311731217948
2012-08-311753318151
2012-09-301780918383
2012-10-311793518554
2012-11-301812018693
2012-12-311841718950
2013-01-311865919150
2013-02-281873119235
2013-03-311890819405
2013-04-301924019754
2013-05-311922119616
2013-06-301876919098
2013-07-311909719438
2013-08-311898919303
2013-09-301913019496
2013-10-311948619980
2013-11-301965820053
2013-12-311978820145
2014-01-311990020288
2014-02-282021720704
2014-03-312032020745
2014-04-302044320888
2014-05-312058121094
2014-06-302072121261
2014-07-312045820991
2014-08-312064221339
2014-09-302021920924
2014-10-312024721234
2014-11-302017921092
2014-12-311980520849
2015-01-311985021034
2015-02-282033621510
2015-03-312030421405
2015-04-302060521644
2015-05-312073621720
2015-06-302046221410
2015-07-312030321343
2015-08-311989821006
2015-09-301941720498
2015-10-311976121106
2015-11-301932420725
2015-12-311874720266
2016-01-311829820015
2016-02-291823920177
2016-03-311903420904
2016-04-301973521604
2016-05-311984721675
2016-06-302004821867
2016-07-312052822401
2016-08-312104422852
2016-09-302115722959
2016-10-312121322990
2016-11-302117622867
2016-12-312157323249
2017-01-312198023514
2017-02-282233423814
2017-03-312221423779
2017-04-302245124070
2017-05-312265024267
2017-06-302257824304
2017-07-312285624560
2017-08-312274524584
2017-09-302295024775
2017-10-312300724887
2017-11-302296324821
2017-12-312312024871
2018-01-312323224978
2018-02-282307224733
2018-03-312290424594
2018-04-302299324730
2018-05-312292524699
2018-06-302297724755
2018-07-312320525020
2018-08-312329925216
2018-09-302340825343
2018-10-312295224971
2018-11-302267124833
2018-12-312208924363
2019-01-312294325442
2019-02-282322725862
2019-03-312338026151
2019-04-302375826486
2019-05-312333026208
2019-06-302370126888
2019-07-312362027045
2019-08-312347427243
2019-09-302349127338
2019-10-312346527429
2019-11-302352027595
2019-12-312397128043
2020-01-312397928062
2020-02-292339327658
2020-03-311980024696
2020-04-302050525729
2020-05-312133326855
2020-06-302177427028
2020-07-312270228326

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. 

C Shares inception is 12/31/2012. Returns shown for C 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 C Shares. Returns shown without sales charge do not reflect the Contingent Deferred Sales Charge (CDSC) of 1.00% for the first year; if reflected, performance would be lower than shown. Returns shown reflect the deduction of the 1.00% CDSC. C Shares convert automatically to A Shares approximately eight years after purchase. A Shares are subject to lower annual expenses than C Shares.

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