Mutual Funds

Small Cap Diversified Value Fund

Select Share Class
Fund Ticker
HWVAX
Fund Style
V B G
L M S
Fund Category
Small Value

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

As of 11/30/2022
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 06/30/2014
A shares (w/o sales charge)4.366.78-1.833.1711.626.52 8.31
A shares-1.111.21-7.01-2.229.625.38 7.62
Russell 2000 Value Index3.064.21-8.48-4.758.335.35 6.67
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 06/30/2014
A shares (w/o sales charge)-10.77-5.41-17.96-13.286.603.80 6.15
A shares-15.42-10.41-22.29-17.834.702.68 5.46
Russell 2000 Value Index-10.19-4.61-21.12-17.694.722.87 4.90

Calendar Year Performance

As of 11/30/2022
 2021202020192018201720162015
A SHARES34.911.0021.39-14.5913.5333.54-9.16

Growth of $10,000 since fund inception as of 11/30/2022

As of 11/30/2022
 HWVAXRussell 2000 Value Index
2014-06-301000010000
2014-07-3195609395
2014-08-31100009804
2014-09-3093609142
2014-10-3199809781
2014-11-3098909735
2014-12-311025110001
2015-01-3197999585
2015-02-281035410030
2015-03-311036410200
2015-04-30102929982
2015-05-311030210064
2015-06-301027110078
2015-07-3198409800
2015-08-3194609318
2015-09-3089878996
2015-10-3195329499
2015-11-3098099769
2015-12-3193129254
2016-01-3186978633
2016-02-2988148692
2016-03-3195469412
2016-04-3098539611
2016-05-3197379788
2016-06-3096419817
2016-07-311023510347
2016-08-311062710604
2016-09-301075510688
2016-10-311036210336
2016-11-301179411708
2016-12-311243612192
2017-01-311240412105
2017-02-281242512280
2017-03-311236112176
2017-04-301254212224
2017-05-311237211843
2017-06-301280912258
2017-07-311289412335
2017-08-311258512032
2017-09-301357712884
2017-10-311369412901
2017-11-301428113274
2017-12-311411913147
2018-01-311427913310
2018-02-281357512644
2018-03-311384712800
2018-04-301399513022
2018-05-311478613780
2018-06-301500913863
2018-07-311521914108
2018-08-311557714444
2018-09-301509514086
2018-10-311366112825
2018-11-301378513031
2018-12-311205911456
2019-01-311353712709
2019-02-281410713203
2019-03-311351012823
2019-04-301422913308
2019-05-311276412221
2019-06-301360512999
2019-07-311368613020
2019-08-311265512293
2019-09-301351012924
2019-10-311374013238
2019-11-301408013547
2019-12-311463814022
2020-01-311357413265
2020-02-291200511976
2020-03-3186769022
2020-04-30998610134
2020-05-311024510425
2020-06-301068210727
2020-07-311064110948
2020-08-311130911538
2020-09-301076411001
2020-10-311144611395
2020-11-301371113595
2020-12-311478414672
2021-01-311523815443
2021-02-281728816894
2021-03-311842917777
2021-04-301889718137
2021-05-311958418701
2021-06-301913018588
2021-07-311867717923
2021-08-311907518402
2021-09-301886918034
2021-10-311962618721
2021-11-301897918082
2021-12-311994618819
2022-01-311972717722
2022-02-281996118015
2022-03-311977118368
2022-04-301845516942
2022-05-311925917267
2022-06-301729915562
2022-07-311890817068
2022-08-311833816529
2022-09-301636314844
2022-10-311876216713
2022-11-301958117224

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.  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 5.25%.

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.

©2022 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.

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.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The Advisor has contractually agreed to fee waivers to limit Fund net expenses through August 31, 2023.

The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC

Index definitions