Global Value Fund (HWGAX)

I SHARES    A 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 08/30/2013. Returns shown for A 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 A Shares. 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    (03/31/2018)
  1 MONTH 3 MONTH YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE
12/31/2012
HWGAX (w/o sales charge) -1.58 -0.38 -0.38 11.92 7.59 9.72 -- 11.27
HWGAX -6.72 -5.64 -5.64 6.05 5.67 8.55 -- 10.14
Russell Developed Index -1.81 -1.06 -1.06 14.49 8.75 10.52 -- 11.68
HWGAX
(w/o sales charge)
HWGAX
Russell Developed Index
16%
12%
8%
4%
0%
-4%
-8%
GROWTH OF $10,000 SINCE FUND INCEPTION AS OF 03/31/2018
Initial Investment $
Investment Date
   
Without Sales Charge
  HWGAX
  Russell Developed Index
EXPENSES
ANNUAL EXPENSES
As of 06/30/2017
Net Expense Ratio 1.35%
Gross Expense Ratio 3.37%
Management Fee 0.80%
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. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. 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 October 31, 2018.

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