Mutual Funds

Mid-Cap Value Fund

Fund Ticker
HWMAX
Fund Style
V B G
L M S
Fund Category
Mid-Cap Value

Expenses

As of 06/30/2020
ANNUAL EXPENSES 
Net Expense Ration/a
Gross Expense Ratio1.22%
Management Fee0.75%
12b-1 Fee0.25%
As of 10/31/2020
MINIMUM INVESTMENT 
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
FRONT-END SALES CHARGE SCHEDULE1 
Less than $25,0005.25%
$25,000 but less than $50,0004.75%
$50,000 but less than $100,0004.00%
$100,000 but less than $250,0003.00%
$250,000 but less than $1 mm2.00%
$1 mm and greater0.00%

You should consider the Hotchkis & Wiley Mid-Cap 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. Investing in small and medium-sized companies involves greater risks than those associated with investing in large company stocks. 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.

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