Given the (external) direct sum of $R$-modules: $V= \bigoplus V_i, W= \bigoplus W_j$, will $\hom(V,W) \cong \bigoplus_{i,j} \hom(V_i,W_j)?$
I know that $\hom(V,\bigoplus_j W_j) \cong \bigoplus_j \hom(V,W_j)$, the isomomorphism given by $\Phi(f) \mapsto (f\circ \pi_1,\cdots, f\circ \pi_s)$. Would then the same argument give us $\hom(V,W_j) \cong \bigoplus_i \hom(V_i,W_j) $? I'm not sure about this, since a $f\in \hom(V,W_j)$ is given by $f(v_1,\cdots, v_k) = w_j \in W_j.$
How to proceed with this? Is it actually true?