Value Opportunities Fund

The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 29, 2026.

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