Small Cap Value Fund (HWSCX) - Limited Availability

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.

C Shares inception is 2/4/2002. 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.

Performance (%) Average Annual Total Returns for periods greater than one year
As of latest:    MONTH-END     QUARTER-END    (12/31/2017)
  1 MONTH 3 MONTH YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE
09/20/1985
HWSCX (w/o CDSC) -0.41 1.64 6.67 6.67 4.58 12.83 9.75 10.64
HWSCX -1.41 0.64 5.67 5.67 4.58 12.83 9.75 10.64
Russell 2000 Value Index -0.95 2.05 7.84 7.84 9.55 13.01 8.17 N/A
Russell 2000 Index -0.40 3.34 14.65 14.65 9.96 14.12 8.71 10.02
HWSCX
(w/o CDSC)
HWSCX
Russell 2000 Value Index
Russell 2000 Index
15%
10%
5%
0%
-5%
GROWTH OF $10,000 SINCE FUND INCEPTION AS OF 12/31/2017
Initial Investment $
Investment Date
   
Without CDSC
  HWSCX
  Russell 2000 Value Index
EXPENSES
ANNUAL EXPENSES
As of 06/30/2017
Net Expense Ratio n/a
Gross Expense Ratio 2.04%
Management Fee 0.75%
12b-1 Fee 1.00%
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 Limited Availability
CONTINGENT DEFERRED SALES CHARGE
0 to 1 year 1.00%
1 year and thereafter 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. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in ETFs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares.  The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

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.

Index definitions

Glossary of financial terms