# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-26-014285
**Filing Date:** 2026-5
**Character Count:** 2764
**Document Hash:** e6d19b8a6dea27b318a1a68cf7e24918
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014285.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0000894189-26-014285

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-68740
- **FILM NUMBER:** 26932218

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis & Wiley Value Opportunities Fund (Series ID: S000006216)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | HWAIX         | C000017137 |
| Class A    | HWAAX         | C000017138 |
| Class C    | HWACX         | C000017139 |
| Class Z    | HWAZX         | C000205770 |

---

## Series and Classes Contracts Data

### Hotchkis & Wiley Value Opportunities Fund (Series ID: S000006216)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017137 | Class I      | HWAIX           |
| C000017138 | Class A      | HWAAX           |
| C000017139 | Class C      | HWACX           |
| C000205770 | Class Z      | HWAZX           |

**HOTCHKIS AND WILEY FUNDS**

**Hotchkis & Wiley Value Opportunities Fund**

(the "Fund")

*Supplement dated May 1, 2026 to the* 

*Summary and Statutory Prospectus and Statement of Additional Information ("SAI")*

*<u>dated August 29, 2025, as supplemented</u>*

***Unless otherwise defined in this supplement, capitalized terms used in this supplement have the meanings assigned to them in the Fund's Summary and Statutory Prospectus and SAI.***

This Supplement updates certain information in the Summary and Statutory Prospectus and SAI for the Fund listed above. You may obtain copies of the Fund's Summary and Statutory Prospectus free of charge, upon request, by calling toll-free 1-866-HW-FUNDS (1-866-493-8637).

Effective July 1, 2026, the Fund's Summary and Statutory Prospectus and SAI will be revised as follows:

The Fund's name will be changed to Hotchkis & Wiley Opportunities Fund.

All references to the Fund's name will be revised accordingly.

**Please retain this supplement for future reference.**

<br> <br> <br>

<br>