Diversified Value Fund (HWCAX)

I SHARES    A SHARES    C SHARES   

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. Click quarter-end or month-end to obtain the most recent fund performance.

A Shares inception is 08/30/2004. 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%.

Performance (%) Average Annual Total Returns for periods greater than one year
As of latest:    MONTH-END     QUARTER-END    (11/30/2018)
  1 MONTH 3 MONTH YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE
08/30/2004
HWCAX (w/o sales charge) 0.05 -7.41 -3.54 -0.84 8.89 7.38 13.69 6.66
HWCAX -5.20 -12.27 -8.62 -6.07 6.96 6.23 13.07 6.26
Russell 1000 Value Index 2.99 -2.15 1.48 2.96 9.82 8.65 12.46 7.94
S&P 500 Index 2.04 -4.40 5.11 6.27 12.16 11.12 14.32 8.91
HWCAX
(w/o sales charge)
HWCAX
Russell 1000 Value Index
S&P 500 Index
16%
12%
8%
4%
0%
-4%
-8%
-12%
-16%
GROWTH OF $10,000 SINCE FUND INCEPTION AS OF 11/30/2018
Initial Investment $
Investment Date
   
Without Sales Charge
  HWCAX
  Russell 1000 Value Index
EXPENSES
ANNUAL EXPENSES
As of 06/30/2018
Net Expense Ratio 1.05%
Gross Expense Ratio 1.22%
Management Fee 0.70%
12b-1 Fee 0.25%
MINIMUM INVESTMENT
Minimum Investment $2,500
Minimum Subsequent Investment $100
Minimum Investment IRA $1,000
Minimum Subsequent Investment IRA $100
Fiscal Year End June 30
Open To New Investors Yes
FRONT-END SALES CHARGE SCHEDULE1
Less than $25,000 5.25%
$25,000 but less than $50,000 4.75%
$50,000 but less than $100,000 4.00%
$100,000 but less than $250,000 3.00%
$250,000 but less than $1 mm 2.00%
$1 mm and greater 0.00%

Mutual fund investing involves risk. Principal loss is possible.  Diversification does not assure a profit nor protect against loss in a declining market. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund may invest in American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”) which may be subject to some of the same risks as direct investment in foreign companies.

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 29, 2019.

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.

Index definitions

Glossary of financial terms