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Hotchkis and Wiley Funds

05/01/2026 | Press release | Distributed by Public on 05/01/2026 13:53

Prospectus by Investment Company (Form 497)




HOTCHKIS AND WILEY FUNDS

Hotchkis & Wiley Value Opportunities Fund
(the "Fund")
Supplement dated May 1, 2026 to the
Summary and Statutory Prospectus and Statement of Additional Information ("SAI")
dated August 29, 2025, as supplemented
Unless otherwise defined in this supplement, capitalized terms used in this supplement have the meanings assigned to them in the Fund's Summary and Statutory Prospectus and SAI.
This Supplement updates certain information in the Summary and Statutory Prospectus and SAI for the Fund listed above. You may obtain copies of the Fund's Summary and Statutory Prospectus free of charge, upon request, by calling toll-free 1-866-HW-FUNDS (1-866-493-8637).

Effective July 1, 2026, the Fund's Summary and Statutory Prospectus and SAI will be revised as follows:
The Fund's name will be changed to Hotchkis & Wiley Opportunities Fund.

All references to the Fund's name will be revised accordingly.








Please retain this supplement for future reference.





Hotchkis and Wiley Funds published this content on May 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 01, 2026 at 19:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]