HWVAX : Hotchkis & Wiley Small Cap Diversified Value Fund Class A

Fund Summary

The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of small capitalization companies. It seeks to invest in stocks whose future prospects are misunderstood or not fully recognized by the market. The fund may invest in foreign (non-U.S.) securities.