Logo Mutual Funds HIGH YIELD FUND Select Share Class I Shares Fund Ticker HWHIX Fund Category High Yield Bond Summary Performance & Expenses Portfolio Prices & Distributions Literature Fund Overview The High Yield Fund seeks to invest in undervalued debt securities of companies with attractive cash flow, strong asset coverage and financial flexibility to de-lever over time. We combine our research team’s expertise in small/mid-caps and fallen angels with a bias toward senior securities as we seek to maximize risk-adjusted returns. As of 12/02/2021 NAV $ CHANGE % CHANGE 11.38 0.02 0.18 Fund Facts As of 10/31/2021 TICKER HWHIX Cusip 44134R735 Open To New Investors Yes Minimum Investment $250,000 Inception Date 03/31/2009 Net Expense Ratio* 0.70% Gross Expense Ratio* 0.75% Dividend Schedule Monthly Size of Fund (millions) $1,072 30-Day SEC Yield with Expense Waiver 3.86% 30-Day SEC Yield w/o Expense Waiver 3.79% * As of 06/30/2021 Portfolio Managers Ray Kennedy, CFA 12 Years with H&W 36 Years of Industry Experience Mark Hudoff 11 Years with H&W 34 Years of Industry Experience Patrick Meegan, CPA 23 Years with H&W 31 Years of Industry Experience Richard Mak, CFA 8 Years with H&W 20 Years of Industry Experience The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through August 31, 2022. 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. You should consider the Hotchkis & Wiley High Yield Fund’s investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by calling 800-796-5606. Read carefully before you invest. Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities involve credit risk and typically decrease in value when interest rates rise. Investments in lower rated and non rated securities involve greater risk. The fund may invest in derivatives, asset backed and mortgage backed securities, and foreign securities. Please read the fund prospectus for a full list of fund risks. ©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC Index definitions Glossary of financial terms More Insights MAY 2021 High Yield Market Update – January 2021 Hotchkis & Wiley reflects on 2020 and provides an update on positioning as we enter 2021. GO TO NEWSLETTER Online Privacy Policy Terms of Use Contact Us ©2021 Hotchkis & Wiley