Hotchkis & Wiley Value Opportunities Fund Class Institutional (HWAIX)

The Hotchkis & Wiley Value Opportunities Fund Class Institutional seeks to achieve long-term capital appreciation. Its portfolio typically comprises a diverse range of equity securities, including common, preferred, and convertible shares from companies of varying market capitalizations. Additionally, it invests in both high-quality (investment-grade) and higher-risk, higher-yielding ("junk") fixed-income instruments. The fund's approach focuses on identifying businesses whose future potential is either underestimated or not fully grasped by the wider market. It implements a fundamental value investment methodology designed to capitalize on market inefficiencies arising from emotional or illogical investor behavior. Notably, the fund operates as a non-diversified portfolio.