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Hotchkis & Wiley High Yield I (HWHIX)

10.30 +0.01 (+0.10%)
At close: 8:01 PM EDT

Fund Summary

The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in a diversified portfolio of high yield securities. It may invest up to 20% of its total assets in securities denominated in foreign currencies and may invest without limit in U.S. dollar-denominated securities of foreign issuers. The fund may invest up to 15% of its total assets in securities and instruments that are economically tied to emerging market countries.

Hotchkis & Wiley High Yield I

Los Angeles CA 90017-5439
725 South Figueroa Street, 39th Floor

Fund Overview

Category High Yield Bond
Fund Family Hotchkis & Wiley
Net Assets 931.25M
YTD Return 1.26%
Yield 5.92%
Morningstar Rating
Inception Date Mar 31, 2009

Fund Operations

Last Dividend 0.16
Last Cap Gain -53.00
Holdings Turnover 36.00%
Average for Category --

Fees & Expenses

Expense HWHIX Category Average
Annual Report Expense Ratio (net) 0.70% 0.95%
Prospectus Net Expense Ratio 0.70% --
Prospectus Gross Expense Ratio 0.77% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

In his role as portfolio manager, Mr. Mak plays an integral role in the investment research review and decision making process and coordinates the day-to-day management of all High Yield bond portfolios. Prior to joining the firm, Mr. Mak worked at PIMCO in multiple roles ranging from credit analyst to high yield portfolio manager, primarily focused on internal high yield funds. Prior to his position at PIMCO, Mr. Mak was an equity analyst at Epoch Partners covering telecom equipment and related technology issuers. Mr. Mak, a CFA charterholder, received his BA in Business Economics with a minor in Accounting from University of California, Los Angeles, and MBA with emphasis in Finance and Strategy from the Anderson School of Management at the University of California, Los Angeles.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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