Mutual Funds

Value Opportunities Fund

Fund Ticker
HWACX
Fund Category
Allocation--85%+ Equity

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

As of 05/31/2020
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 12/31/2002
C shares (w/o CDSC)3.50-12.97-24.08-15.12-3.32-0.058.429.05
C shares2.50-13.84-24.84-15.95-3.32-0.058.429.05
Russell 3000 Value Index3.39-5.14-16.36-2.522.164.129.618.02
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSINCE 12/31/2002
C shares (w/o CDSC)-23.34-33.12-33.12-26.49-6.78-1.526.768.34
C shares-24.10-33.79-33.79-27.22-6.78-1.526.768.34
Russell 3000 Value Index-17.58-27.32-27.32-18.02-2.671.627.477.23

Calendar Year Performance

As of 05/31/2020
 2019201820172016201520142013201220112010
C SHARES24.34-11.8612.7618.24-4.298.9636.3728.35-8.0433.43

Growth of $10,000 since fund inception as of 05/31/2020

As of 05/31/2020
 HWACXRussell 3000 Value Index
2002-12-311000010000
2003-01-31100009755
2003-02-2896139490
2003-03-3197919512
2003-04-301082410354
2003-05-311224411049
2003-06-301251211191
2003-07-311370411386
2003-08-311433011582
2003-09-301429111468
2003-10-311556212187
2003-11-301620712376
2003-12-311669813114
2004-01-311705613361
2004-02-291756313646
2004-03-311749413550
2004-04-301665913190
2004-05-311618213326
2004-06-301677813669
2004-07-311594313440
2004-08-311631113626
2004-09-301661913864
2004-10-311663914093
2004-11-301866614851
2004-12-311928515336
2005-01-311903515036
2005-02-281923515517
2005-03-311897515295
2005-04-301853714978
2005-05-311932415383
2005-06-301996315595
2005-07-312085016084
2005-08-312040115988
2005-09-302028216190
2005-10-311924515779
2005-11-301974316306
2005-12-312035316386
2006-01-312105217085
2006-02-282094917180
2006-03-312171717467
2006-04-302131217874
2006-05-311980717396
2006-06-301971417516
2006-07-311867617880
2006-08-311948618200
2006-09-302026418546
2006-10-312076219184
2006-11-302147819632
2006-12-312190220047
2007-01-312259020308
2007-02-282259019997
2007-03-312277120300
2007-04-302388821002
2007-05-312431621760
2007-06-302362821252
2007-07-312169920199
2007-08-312093120440
2007-09-302053621092
2007-10-312050321113
2007-11-301953220037
2007-12-311924119845
2008-01-311873419049
2008-02-291708818254
2008-03-311746818148
2008-04-301924119008
2008-05-311948219031
2008-06-301669517210
2008-07-311594817220
2008-08-311634017556
2008-09-301440216304
2008-10-311209713444
2008-11-301132412432
2008-12-311105812651
2009-01-31987711167
2009-02-2886969671
2009-03-311027110500
2009-04-301174311669
2009-05-311347012351
2009-06-301347012265
2009-07-311476513301
2009-08-311675813991
2009-09-301740514544
2009-10-311688514057
2009-11-301743114823
2009-12-311819715151
2010-01-311768314723
2010-02-281904515206
2010-03-312070216218
2010-04-302180816698
2010-05-312013715322
2010-06-301850514420
2010-07-311995715400
2010-08-311838914702
2010-09-301997015876
2010-10-312115216363
2010-11-302165316316
2010-12-312428017609
2011-01-312549717976
2011-02-282607918659
2011-03-312606618748
2011-04-302628619231
2011-05-312648019016
2011-06-302615718620
2011-07-312540618002
2011-08-312302516841
2011-09-301999615523
2011-10-312235217335
2011-11-302218317250
2011-12-312232717591
2012-01-312430218297
2012-02-292571918989
2012-03-312652819554
2012-04-302609019348
2012-05-312468618210
2012-06-302583919112
2012-07-312595819280
2012-08-312680619711
2012-09-302713720343
2012-10-312766720231
2012-11-302740220228
2012-12-312865720678
2013-01-313048322014
2013-02-283077522325
2013-03-313249023213
2013-04-303293623535
2013-05-313434324146
2013-06-303384223942
2013-07-313540325254
2013-08-313405124284
2013-09-303512424954
2013-10-313590426024
2013-11-303759126774
2013-12-313907827438
2014-01-313788826456
2014-02-283942027606
2014-03-314020928239
2014-04-304044728428
2014-05-314087828826
2014-06-304211329620
2014-07-314087829011
2014-08-314272330092
2014-09-304159229362
2014-10-314128030125
2014-11-304214230683
2014-12-314257830921
2015-01-314100329681
2015-02-284342231113
2015-03-314298430763
2015-04-304490030975
2015-05-314532231338
2015-06-304449430763
2015-07-314449430817
2015-08-314163629007
2015-09-304051528121
2015-10-314243230199
2015-11-304248030373
2015-12-314075129644
2016-01-313790928076
2016-02-293583128084
2016-03-313970230131
2016-04-304031230764
2016-05-314027431249
2016-06-303943531507
2016-07-314162832479
2016-08-314294432771
2016-09-304263832728
2016-10-314241032178
2016-11-304618534199
2016-12-314818635098
2017-01-314843735307
2017-02-284969236515
2017-03-314915136148
2017-04-304947936097
2017-05-315002035975
2017-06-305029136614
2017-07-315129537081
2017-08-315005936614
2017-09-305177837809
2017-10-315191338067
2017-11-305247339227
2017-12-315433239729
2018-01-315708141187
2018-02-285474739214
2018-03-315306638608
2018-04-305504438776
2018-05-315514339159
2018-06-305581639269
2018-07-315797140757
2018-08-315886141387
2018-09-305894141385
2018-10-315375939127
2018-11-305364040257
2018-12-314789036321
2019-01-315380539227
2019-02-285546440499
2019-03-315417640656
2019-04-305631542105
2019-05-315325939347
2019-06-305662142150
2019-07-315692642481
2019-08-315345641156
2019-09-305590142667
2019-10-315666543292
2019-11-305788744609
2019-12-315954545858
2020-01-315717444773
2020-02-295194440436
2020-03-313982233329
2020-04-304367837098
2020-05-314520738357

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. C Shares inception is 8/23/2003. Returns shown for C 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 C Shares. Returns shown without sales charge do not reflect the Contingent Deferred Sales Charge (CDSC) of 1.00% for the first year; if reflected, performance would be lower than shown. Returns shown reflect the deduction of the 1.00% CDSC. C Shares convert automatically to A Shares approximately eight years after purchase. A Shares are subject to lower annual expenses than C Shares.

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.

©2020 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 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