Value Opportunities Fund (HWAIX)

I SHARES    A SHARES    C SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Performance (%) Average Annual Total Returns for periods greater than one year
As of latest:    MONTH-END     QUARTER-END    (07/31/2017)
  1 MONTH 3 MONTH YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE
12/31/2002
HWAIX 2.07 3.93 7.04 24.45 8.94 15.74 10.03 12.95
S&P 500 Index 2.06 4.14 11.59 16.04 10.87 14.78 7.74 9.56
HWAIX
S&P 500 Index
30%
24%
18%
12%
6%
0%
GROWTH OF $10,000 SINCE FUND INCEPTION AS OF 07/31/2017
Initial Investment $
Investment Date
   
  HWAIX
  S&P 500 Index
EXPENSES
ANNUAL EXPENSES
As of 06/30/2016
Net Expense Ratio n/a
Gross Expense Ratio 1.00%
Management Fee 0.75%
12b-1 Fee None
MINIMUM INVESTMENT
Minimum Investment $1,000,000
Minimum Subsequent Investment $100
Minimum Investment IRA --
Minimum Subsequent Investment IRA --
Fiscal Year End June 30
Open To New Investors Yes

Mutual fund investing involves risk. Principal loss is possible.  Diversification does not assure a profit nor protect against loss in a declining market. Investing in non-diversified funds and/or smaller and/or medium-sized companies involves greater risks than those associated with investing in diversified funds and/or large company stocks, such as business risk, significant stock price fluctuations, sector concentration and illiquidity. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund.  The Fund may invest in ETFs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid.

The Growth of $10,000 Since Fund Inception chart reflects a hypothetical $10,000 investment in the class of shares noted with no sales charges applied. Assumes reinvestment of dividends and capital gains. Performance for other share classes will vary.

Index definitions

Glossary of financial terms