Emerging Market Risk Member Emerging Market Risk Member Hotchkis & Wiley Small Cap Value Fund Hotchkis & Wiley Small Cap Value Fund, S000006215 Multi-Class ETF Fund Structure Risk Member Multi-Class ETF Fund Structure Risk Member IHotchkis and Wiley International Small Cap Diversified Value Fund Hotchkis and Wiley International Small Cap Diversified Value Fund, S000068938 Hotchkis & Wiley Large Cap Disciplined Value Fund Hotchkis & Wiley Large Cap Disciplined Value Fund, S000006212 Currency Risk Member Currency Risk Member Newer Fund Risk Member Newer Fund Risk Member Hotchkis and Wiley International Value Fund - ETF Class Shares Hotchkis and Wiley International Value Fund - ETF Class Shares Hotchkis & Wiley Small Cap Diversified Value Fund Hotchkis & Wiley Small Cap Diversified Value Fund, S000045868 Style Risk Member Style Risk Member Small And Mid-Cap Companies Risk Member Small And Mid-Cap Companies Risk Member Russell Midcap® Value Index (reflects no deduction for fees, expenses or taxes) Russell Midcap® Value Index (reflects no deduction for fees, expenses or taxes) Income Risk Member Income Risk Member Hotchkis & Wiley Opportunities Fund - ETF Class Shares Hotchkis & Wiley Opportunities Fund - ETF Class Shares Hotchkis & Wiley Large Cap Fundamental Value Fund Class A Hotchkis & Wiley Large Cap Fundamental Value Fund Class A, C000017127 Russell 2000® Value Index (reflects no deduction for fees, expenses or taxes) Russell 2000® Value Index (reflects no deduction for fees, expenses or taxes) Hotchkis and Wiley International Small Cap Diversified Value Fund Class A Hotchkis and Wiley International Small Cap Diversified Value Fund Class A, C000220295 Mortgage-Related And Other Asset-Backed Securities Risk Member Mortgage-Related And Other Asset-Backed Securities Risk Member Industrials Sector Risk Member Industrials Sector Risk Member Hotchkis and Wiley International Value Fund Class Z Hotchkis and Wiley International Value Fund Class Z, C000205774 ICE BofA US Corporate Bond Index (reflects no deduction for fees, expenses or taxes) ICE BofA US Corporate Bond Index (reflects no deduction for fees, expenses or taxes) Russell 3000® Value Index (reflects no deduction for fees, expenses or taxes) Russell 3000® Value Index (reflects no deduction for fees, expenses or taxes) Hotchkis & Wiley Small Cap Value Fund Class I Hotchkis & Wiley Small Cap Value Fund Class I, C000017134 Issuer Risk Member Issuer Risk Member Hotchkis & Wiley High Yield Fund - ETF Class Shares Hotchkis & Wiley High Yield Fund - ETF Class Shares Hotchkis & Wiley Large Cap Disciplined Value Fund Class A Hotchkis & Wiley Large Cap Disciplined Value FundClass A, C000017124 Hotchkis & Wiley Global Value Fund Class Z Hotchkis & Wiley Global Value Fund Class Z, C000205772 Hotchkis & Wiley Large Cap Disciplined Value Fund Class Z Hotchkis & Wiley Large Cap Disciplined Value Fund Class Z, C000205766 Russell Midcap® Index (reflects no deduction for fees, expenses or taxes) Russell Midcap® Index (reflects no deduction for fees, expenses or taxes) ETF Structure Risk Member ETF Structure Risk Member Hotchkis and Wiley International Value Fund Class A Hotchkis and Wiley International Value Fund Class A, C000164216 High Yield Risk Member High Yield Risk Member Hotchkis & Wiley Small Cap Diversified Value Fund Class Z Hotchkis & Wiley Small Cap Diversified Value Fund Class Z, C000205773 Hotchkis & Wiley Small Cap Value Fund Class A Hotchkis & Wiley Small Cap Value Fund Class A, C000017135 Capitalization Risk Member Capitalization Risk Member Hotchkis & Wiley High Yield Fund Class Z Hotchkis & Wiley High Yield Fund Class Z, C000199806 Hotchkis & Wiley Opportunities Fund Hotchkis & Wiley Opportunities Fund, S000006216 Large Shareholder Risk Member Large Shareholder Risk Member Hotchkis & Wiley Global Value Fund - ETF Class Shares Hotchkis & Wiley Global Value Fund - ETF Class Shares Hotchkis and Wiley International Value Fund Class I Hotchkis and Wiley International Value Fund Class I, C000164215 MSCI World ex-USA Index (reflects no deduction for fees, expenses or taxes) MSCI World ex-USA Index (reflects no deduction for fees, expenses or taxes) Hotchkis & Wiley Large Cap Disciplined Value Fund Class I Hotchkis & Wiley Large Cap Disciplined Value Fund Class I, C000017123 Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) Hotchkis & Wiley Large Cap Fundamental Value Fund Class Z Hotchkis & Wiley Large Cap Fundamental Value Fund Class Z, C000205767 Russell 2000® Index (reflects no deductions for fees, expenses or taxes) Russell 2000® Index (reflects no deductions for fees, expenses or taxes) Hotchkis & Wiley SMID Cap Diversified Value Fund Class S000091359 Hotchkis & Wiley SMID Cap Diversified Value Fund C000259016 Hotchkis & Wiley SMID Cap Diversified Value Fund HWSM Active Management Risk Member Active Management Risk Member Foreign (Non-U.S.) Investment Risk Member Foreign (Non-U.S.) Investment Risk Member Hotchkis & Wiley Opportunities Fund Class Z Hotchkis & Wiley Opportunities Fund Class Z, C000205770 Financials Sector Risk Member Financials Sector Risk Member Hotchkis & Wiley High Yield Fund Class A Hotchkis & Wiley High Yield Fund Class A, C000075208 Hotchkis & Wiley High Yield Fund Hotchkis & Wiley High Yield Fund, S000025241 Hotchkis & Wiley Mid-Cap Value Fund Class Z Hotchkis & Wiley Mid-Cap Value Fund Class Z, C000205768 Foreign Currency Exchange Contracts Risk Member Foreign Currency Exchange Contracts Risk Member Fixed Income Securities Risk Member Fixed Income Securities Risk Member Equity Securities Risk Member Equity Securities Risk Member Hotchkis & Wiley Mid-Cap Value Fund Hotchkis & Wiley Mid-Cap Value Fund, S000006214 Information Technology Sector Risk Member Information Technology Sector Risk Member Hotchkis & Wiley Mid-Cap Value Fund Class I Hotchkis & Wiley Mid-Cap Value Fund Class I, C000017130 Hotchkis & Wiley High Yield Fund Class I Hotchkis & Wiley High Yield Fund Class I, C000075210 ADR And GDR Risk Member ADR And GDR Risk Member Russell 1000® Index (reflects no deduction for fees, expense or taxes) Russell 1000® Index (reflects no deduction for fees, expense or taxes) Japan Risk Member Japan Risk Member MSCI World Index (reflects no deduction for fees, expenses or taxes) MSCI World Index (reflects no deduction for fees, expenses or taxes) European Investments Risk Member European Investments Risk Member Hotchkis and Wiley International Small Cap Diversified Value Fund - ETF Class Shares Hotchkis and Wiley International Small Cap Diversified Value Fund - ETF Class Shares Hotchkis & Wiley Opportunities Fund Class C Hotchkis & Wiley Opportunities Fund Class C, C000017139 Hotchkis & Wiley Small Cap Value Fund Class C Hotchkis & Wiley Small Cap Value Fund Class C, C000017136 Convertible Securities Risk Member Convertible Securities Risk Member Credit Risk 1 Member Credit Risk 1 Member Hotchkis & Wiley Small Cap Value Fund Class Z Hotchkis & Wiley Small Cap Value Fund Class Z, C000205769 Hotchkis and Wiley International Value Fund Hotchkis and Wiley International Value Fund, S000052191 Hotchkis & Wiley Global Value Fund Class I Hotchkis & Wiley Global Value Fund Class I, C000121672 Hotchkis & Wiley Global Value Fund Hotchkis & Wiley Global Value Fund, S000039502 Hotchkis & Wiley Large Cap Fundamental Value Fund Hotchkis & Wiley Large Cap Fundamental Value Fund, S000006213 Credit Ratings And Unrated Securities Risk Member Credit Ratings And Unrated Securities Risk Member Call Risk Member Call Risk Member Hotchkis & Wiley Small Cap Diversified Value Fund Class I Hotchkis & Wiley Small Cap Diversified Value Fund Class I, C000142947 Hotchkis & Wiley Opportunities Fund Class A Hotchkis & Wiley Opportunities Fund Class A, C000017138 Hotchkis & Wiley Opportunities Fund Class I Hotchkis & Wiley Opportunities Fund Class I, C000017137 Hotchkis and Wiley International Small Cap Diversified Value Fund Class I Hotchkis and Wiley International Small Cap Diversified Value Fund Class I, C000220294, HWTIX Market Risk Member Market Risk Member Interest Rate Risk 1 Member Interest Rate Risk 1 Member Security Selection Risk Member Security Selection Risk Member MSCI World ex-USA Small Cap Index (reflects no deduction for fees, expenses or taxes) MSCI World ex-USA Small Cap Index (reflects no deduction for fees, expenses or taxes) ETF Class Shares ETF Class Shares Derivatives Risk Member Derivatives Risk Member Hotchkis & Wiley Global Value Fund Class A Hotchkis & Wiley Global Value Fund Class A, C000121673 Hotchkis & Wiley Small Cap Diversified Value Fund Class A Hotchkis & Wiley Small Cap Diversified Value Fund Class A, C000142948 Russell 3000® Index (reflects no deduction for fees, expenses or taxes) Russell 3000® Index (reflects no deduction for fees, expenses or taxes) Shares May Trade At Prices Other Than NAV Risk Member Shares May Trade At Prices Other Than NAV Risk Member Hotchkis & Wiley SMID Cap Diversified Value Fund S000091359 Hotchkis & Wiley SMID Cap Diversified Value Fund C000259016 Hotchkis & Wiley SMID Cap Diversified Value Fund HWSM Liquidity Risk Member Liquidity Risk Member ICE BofA BB-B U.S. High Yield Constrained Index (reflects no deduction for fees, expenses or taxes) ICE BofA BB-B U.S. High Yield Constrained Index (reflects no deduction for fees, expenses or taxes) Hotchkis & Wiley Mid-Cap Value Fund - ETF Class Shares Hotchkis & Wiley Mid-Cap Value Fund - ETF Class Shares Hotchkis & Wiley Large Cap Fundamental Value Fund Class I Hotchkis & Wiley Large Cap Fundamental Value Fund Class I, C000017126 Hotchkis & Wiley Mid-Cap Value Fund Class A Hotchkis & Wiley Mid-Cap Value Fund Class A, C000017131 Hotchkis and Wiley International Small Cap Diversified Value Fund Class Z Hotchkis and Wiley International Small Cap Diversified Value Fund Class Z, C000220293