Mutual Funds

Small Cap Diversified Value Fund

Select Share Class
Fund Ticker
Fund Style
Fund Category
Small Value


As of 06/30/2022
Net Expense Ratio1.05%
Gross Expense Ratio1.15%
Management Fee0.65%
12b-1 Fee0.25%
As of 04/30/2023
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 $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%

The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 31, 2023.

You should consider the Hotchkis & Wiley Small Cap Diversified 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 smaller and/or newer companies involves greater risks than those associated with investing in larger companies.  Please read the fund prospectus for a full list of fund risks.

©2023 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