Logo Mutual Funds SMALL CAP DIVERSIFIED VALUE FUND Select Share Class I Shares Fund Ticker HWVIX Fund Style V B G L M S Fund Category Small Value Summary Performance & Expenses Portfolio Literature Fund Overview The Small Cap Diversified Value Fund is a diversified portfolio that targets undervalued small cap stocks that are out of favor and often underfollowed by Wall Street research. The Fund leverages proprietary valuation models and the seasoned judgment of our experienced research team to build a portfolio of smaller companies with strong balance sheets and attractive assets. As of 12/02/2021 NAV $ CHANGE % CHANGE 14.19 0.44 3.20 Fund Facts As of 10/31/2021 TICKER HWVIX Cusip 44134R651 Open To New Investors Yes Minimum Investment $250,000 Inception Date 06/30/2014 Net Expense Ratio* 0.80% Gross Expense Ratio* 0.87% Dividend Schedule Annual Size of Fund (millions) $487 * As of 06/30/2021 Portfolio Managers Judd Peters, CFA 21 Years with H&W 24 Years of Industry Experience Ryan Thomes, CFA 13 Years with H&W 19 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 Small Cap Diversified Value 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. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies. Please read the fund prospectus for a full list of fund risks. Diversification does not assure a profit nor protect against loss in a declining market. ©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 Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth). A darkened square in the style box indicates the weighted average style of the portfolio. The Hotchkis & Wiley Funds are distributed by Quasar Distributors, LLC Index definitions Glossary of financial terms More Insights AUGUST 2020 2020 Update – A Systematic Advantage in Small & Micro Caps Not all small cap funds are the same. See how H&W Small Cap Diversified Value Fund delivers a distinct solution. GO TO NEWSLETTER JANUARY 2020 Judd Peters Featured on Gaining Perspective Podcast Hear what Portfolio Manager Judd Peters has to say about how Small Cap Diversified Value finds opportunities in small- and micro-cap stocks. GO TO PODCAST Online Privacy Policy Terms of Use Contact Us ©2021 Hotchkis & Wiley