Income Opportunity Fund (WHGIX) (as of 3/24/2017)
Combining a variety of income producing asset classes in a single fund helps mitigate risk while seeking to provide an attractive total return.
The Income Opportunity Fund invests in 60-80 high-quality dividend and interest-paying securities from a wide variety of asset classes.
Combining multiple types of income producing equity and fixed income investments may reduce overall volatility when compared to investing
in a single asset class, provide greater yield potential than traditional investment grade bond funds, and provide the opportunity for capital appreciation.
The Fund invests and allocates among:
- Dividend paying common stocks
- Preferred stocks
- Convertible preferred
- Real estate investment trusts (REITs)
- Master limited partnerships (MLPs)
- Royalty Trusts
- Bonds (Government, Corporate and Treasury Inflation-Protected Securities/TIPS)
- Money Market Instruments
Tactically Adjusting the Fund's Portfolio
Re-allocating among diverse asset classes can improve the opportunity for an attractive total return while dampening volatility. The investment team has the flexibility
to adjust the Fund’s asset allocation in order to benefit from changing market conditions. Market volatility offers the ability to capitalize on individual investments when
they become under- or over-valued relative to another investment. The investment team selects securities for the Fund by continually evaluating recommendations
approved by Westwood’s four Research Groups and assessing a security’s fit within the current portfolio. Allocation adjustments are made based on bottom-up fundamental
analysis of the reward/risk profile of individual securities coupled with relative value analysis among capital instruments and each asset class.
An Emphasis on Risk Management
In the pursuit of protecting capital, high quality securities may provide a cushion during periods of market weakness.
Consequently, the Fund focuses on securities of well-established companies with strong and improving cash flow that is sufficient to support
a sustainable or rising income stream for investors. In addition, the Fund favors companies whose prospects for future profitability
are significantly stronger than what the current stock price reflects. The Fund’s fixed income securities are, in aggregate,
investment grade (but may, at times, include securities rated below investment grade).
Growth of a $10,000 Investment
Assumes an initial investment of $10,000 was made on the fund's inception date of December 19, 2005.
The growth of a $10,000 investment in the fund is hypothetical and for illustration only. It does not represent any actual investment.
The Income Opportunity Fund's primary objective is to provide current income. As a secondary objective, the Fund seeks long-term capital appreciation.
||December 19, 2005
|Total Holdings (as of 12/31/2016)
|Expense Ratio (gross)
Read more on Westwood's Investment Process
Fund Performance (as of 3/24/2017)
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of
an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower
or higher than the performance quoted.
Click here to view the performance of this fund.
A company may reduce or eliminate its dividend, causing losses to the fund
Diversification does not protect against market loss
We manage the Fund using a team-based system. Ultimately, the entire Portfolio Team is responsible for all aspects of the portfolio.
Mark R. Freeman, CFA
Executive Vice President
Chief Investment Officer
Todd L. Williams, CFA
Senior Vice President
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