08/29/2024 | Press release | Distributed by Public on 08/29/2024 12:00
Hotchkis & Wiley Funds
LARGE CAP DISCIPLINED VALUE FUND (formerly: Hotchkis & Wiley Diversified Value Fund)
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Class I - HWCIX
Class A - HWCAX
Class Z - (not currently offered)
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Summary Prospectus August 29, 2024
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Before you invest, you may want to review the Hotchkis & Wiley Large Cap Disciplined Value Fund's (the "Fund") Prospectus, which contains more information about the Fund and its risks. You can find the Fund's Prospectus and other information about the Fund, including the Fund's Statement of Additional Information, annual report to shareholders and semi-annual report to shareholders and Form N-CSR, online at http://www.hwcm.com/mutual-funds/resources/literature. You can also get this information at no cost by calling 1-866-HW-Funds (1-866-493-8637) or by sending an email request to [email protected]. The Fund's Prospectus is also available from financial intermediaries who are authorized to sell Fund shares. The Fund's Prospectus and Statement of Additional Information, both dated August 29, 2024, along with the financial statements included in the Fund's most recent Form N-CSR dated June 30, 2024, are incorporated by reference into this Summary Prospectus and may be obtained, free of charge, at the website, phone number or e-mail address noted above.
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SHAREHOLDER FEES (fees paid directly from your investment)
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Class I |
Class A |
Class Z |
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Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
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None | 5.25% | None |
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price) | None | None⁽ᵃ⁾ | None |
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
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Class I |
Class A |
Class Z |
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Management Fees
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0.70% | 0.70% | 0.70% |
Distribution and/or Service (12b-1) Fees
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None | 0.25% | None |
Other Expenses | 0.31% | 0.28% | 0.21⁽ᵇ⁾ |
Total Annual Fund Operating Expenses
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1.01% | 1.23% | 0.91% |
Fee Waiver and/or Expense Reimbursement
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-0.21% | -0.18% | -0.11% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(c)
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0.80% | 1.05% | 0.80% |
1 Year | 3 Years | 5 Years | 10 Years | |
Class I | $82 | $301 | $537 | $1,217 |
Class A | $626 | $878 | $1,149 | $1,920 |
Class Z | $82 | $279 | $493 | $1,109 |
1 Year | 5 Years | 10 Years | |
Large Cap Disciplined Value Fund | |||
Return Before Taxes - Class I | 19.00% | 14.37% | 9.42% |
Return After Taxes on Distributions - Class I | 18.54% | 13.96% | 8.91% |
Return After Taxes on Distributions and Sale of Fund Shares - Class I | 11.54% | 11.50% | 7.59% |
Return Before Taxes - Class A | 12.47% | 12.86% | 8.56% |
Russell 3000® Index(a)
(reflects no deduction for fees, expenses or taxes)
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25.96% | 15.16% | 11.48% |
Russell 1000® Value Index(b)
(reflects no deduction for fees, expenses or taxes)
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11.46% | 10.91% | 8.40% |
Russell 1000® Index(b)
(reflects no deduction for fees, expenses or taxes)
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26.53% | 15.52% | 11.80% |
Investment team member |
Primary title with Advisor |
Started with the Fund |
Doug Campbell | Portfolio Manager | 2024 |
George H. Davis, Jr. | Executive Chairman and Portfolio Manager | 2004 |
Patricia McKenna, CFA | Portfolio Manager | 2004 |
Scott McBride, CFA | Chief Executive Officer and Portfolio Manager | 2004 |