Hotchkis & Wiley Small Cap Value C (Hotchkis & Wiley Small Cap Valu) Fonds

The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of small capitalization companies. Hotchkis & Wiley Capital Management, LLC (the "Advisor") currently considers small cap companies to be those with market capitalizations like those found in the Russell 2000® Index.