Hotchkis & Wiley Small Cap Value Fund Class A

The Hotchkis & Wiley Small Cap Value Fund Class A primarily aims to achieve growth in the value of its investments. Typically, the fund commits at least 80% of its net assets, along with any capital acquired through borrowing for investment, to equity holdings in companies categorized as small capitalization. Hotchkis & Wiley Capital Management, LLC, the fund's advisor, currently defines these smaller companies as those possessing market values similar to the firms included in the Russell 2000® Index.