Mutual Funds

Value Opportunities Fund

Fund Ticker
HWAAX
Fund Category
Large Value

Expenses

As of 06/30/2022
ANNUAL EXPENSES 
Net Expense Ration/a
Gross Expense Ratio1.20%
Management Fee0.75%
12b-1 Fee0.25%
As of 10/31/2022
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 Value Opportunities 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.  The Fund is non-diversified and may invest in foreign securities, junk bonds, derivatives, or small/mid cap companies.  Please read the fund prospectus for a full list of fund risks.

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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