Mutual Funds

Small Cap Diversified Value Fund

Select Share Class
Fund Ticker
HWVZX
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
Z Shares4.416.89-1.603.4711.936.78 8.59
Russell 2000 Value Index3.064.21-8.48-4.758.335.35 6.67
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 06/30/2014
Z Shares-10.70-5.29-17.80-13.006.874.05 6.42
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
Z SHARES35.371.1421.69-14.3313.7534.02-9.03

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

As of 11/30/2022
 HWVZXRussell 2000 Value Index
2014-06-301000010000
2014-07-3195609395
2014-08-31100009804
2014-09-3093709142
2014-10-3199909781
2014-11-3099009735
2014-12-311027310001
2015-01-3198109585
2015-02-281037610030
2015-03-311037610200
2015-04-30103149982
2015-05-311032410064
2015-06-301029310078
2015-07-3198619800
2015-08-3194919318
2015-09-3090188996
2015-10-3195639499
2015-11-3098519769
2015-12-3193459254
2016-01-3187398633
2016-02-2988568692
2016-03-3195909412
2016-04-3099099611
2016-05-3197929788
2016-06-3096969817
2016-07-311029110347
2016-08-311069510604
2016-09-301082310688
2016-10-311043010336
2016-11-301187511708
2016-12-311252412192
2017-01-311249212105
2017-02-281251312280
2017-03-311244912176
2017-04-301264212224
2017-05-311247111843
2017-06-301292112258
2017-07-311300612335
2017-08-311269612032
2017-09-301370312884
2017-10-311382112901
2017-11-301441013274
2017-12-311424613147
2018-01-311442013310
2018-02-281371212644
2018-03-311398512800
2018-04-301413413022
2018-05-311494213780
2018-06-301517913863
2018-07-311539014108
2018-08-311576314444
2018-09-301527814086
2018-10-311381112825
2018-11-301394813031
2018-12-311220511456
2019-01-311370912709
2019-02-281426913203
2019-03-311366812823
2019-04-301440613308
2019-05-311293012221
2019-06-301377712999
2019-07-311387313020
2019-08-311282012293
2019-09-301369512924
2019-10-311394113238
2019-11-301426913547
2019-12-311485214021
2020-01-311377613265
2020-02-291219111976
2020-03-3187989021
2020-04-301013610134
2020-05-311041210425
2020-06-301085310727
2020-07-311081210948
2020-08-311148711538
2020-09-301092211001
2020-10-311162511394
2020-11-301392813594
2020-12-311502114671
2021-01-311549515443
2021-02-281756916894
2021-03-311873817777
2021-04-301922618136
2021-05-311993618701
2021-06-301947618587
2021-07-311901717922
2021-08-311942018402
2021-09-301921218033
2021-10-312000518721
2021-11-301933718081
2021-12-312033418819
2022-01-312011117722
2022-02-282036318015
2022-03-312017118367
2022-04-301883616942
2022-05-311965217267
2022-06-301764915561
2022-07-311929617068
2022-08-311871716528
2022-09-301671514844
2022-10-311916216713
2022-11-302000817223

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%.

Z Shares inception is 09/30/2019. Returns shown for Z 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 Z Shares.

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.

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

Index definitions