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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.35

$153 M

1.04%

$0.11

0.96%

Vitals

YTD Return

-4.4%

1 yr return

-1.1%

3 Yr Avg Return

4.3%

5 Yr Avg Return

3.0%

Net Assets

$153 M

Holdings in Top 10

30.9%

52 WEEK LOW AND HIGH

$10.4
$10.35
$11.07

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 125.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Relative Value Arbitrage


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.35

$153 M

1.04%

$0.11

0.96%

WMNIX - Profile

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.45%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Westwood Alternative Income Fund
  • Fund Family Name
    Westwood
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    P. Adrian Helfert

Fund Description

The fund employs an absolute return strategy, which means that it seeks to earn a positive total return through a combination of current income and capital appreciation in all market conditions, by maintaining a portfolio that is designed to have low volatility and low correlations with equity and fixed income markets over a full market cycle. The fund invests primarily in income producing convertible securities.


WMNIX - Performance

Return Ranking - Trailing

Period WMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.6% 15.8% 69.00%
1 Yr -1.1% -33.0% 41.7% 18.45%
3 Yr 4.3%* -10.5% 13.4% 23.47%
5 Yr 3.0%* -4.8% 11.1% 18.07%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period WMNIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.6% -31.7% 23.2% 14.29%
2020 6.7% -20.7% 10.7% 24.74%
2019 3.1% -12.4% 14.7% 48.89%
2018 -1.5% -13.2% 12.9% 67.09%
2017 0.1% -11.7% 7.9% 32.86%

Total Return Ranking - Trailing

Period WMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.7% 15.8% 69.00%
1 Yr -1.1% -33.0% 41.7% 18.45%
3 Yr 4.3%* -10.5% 13.4% 21.43%
5 Yr 3.0%* -4.8% 11.1% 15.66%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period WMNIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.6% -31.7% 23.2% 14.29%
2020 6.7% -20.7% 10.7% 24.74%
2019 3.1% -12.4% 14.7% 63.33%
2018 -1.5% -12.7% 12.9% 84.81%
2017 0.1% -11.5% 13.2% 58.57%

NAV & Total Return History


WMNIX - Holdings

Concentration Analysis

WMNIX Category Low Category High WMNIX % Rank
Net Assets 153 M 105 K 12.6 B 41.35%
Number of Holdings 191 5 2526 44.23%
Net Assets in Top 10 29.2 M -619 M 6.53 B 46.15%
Weighting of Top 10 30.85% 7.6% 96.1% 64.63%

Top 10 Holdings

  1. US Treasury Note 0.12% 5.00%
  2. Bridgebio Pharma Inc 0% 4.93%
  3. NCL Corporation Ltd. 5.38% 4.15%
  4. SEA LTD 2.38% 4.11%
  5. Conmed Corporation 2.625% 3.88%
  6. Bilibili Inc 1.25% 3.86%
  7. Plug Power Inc 1.28% 3.85%
  8. Plug Power Inc 3.74%
  9. SEI Government F (SDIT) 3.65%
  10. Copa Holdings Sa 0% 3.62%

Asset Allocation

Weighting Return Low Return High WMNIX % Rank
Convertible Bonds
89.38% 0.00% 95.47% 1.92%
Bonds
8.96% -1.04% 63.30% 24.04%
Cash
4.18% -225.56% 102.75% 88.46%
Stocks
0.03% -57.09% 325.56% 96.15%
Preferred Stocks
0.00% 0.00% 5.67% 45.19%
Other
-2.57% -11.90% 43.69% 3.85%

Stock Sector Breakdown

Weighting Return Low Return High WMNIX % Rank
Technology
25.56% 0.00% 100.00% 1.08%
Healthcare
13.69% 0.00% 27.28% 86.02%
Financial Services
13.23% 0.00% 98.37% 92.47%
Consumer Cyclical
11.84% 0.00% 29.06% 88.17%
Communication Services
9.35% 0.00% 33.72% 84.95%
Industrials
8.14% 0.00% 27.58% 87.10%
Consumer Defense
6.51% 0.00% 30.58% 78.49%
Energy
3.88% 0.00% 53.30% 81.72%
Utilities
2.75% 0.00% 66.28% 78.49%
Real Estate
2.72% 0.00% 93.91% 86.02%
Basic Materials
2.32% 0.00% 42.74% 87.10%

Stock Geographic Breakdown

Weighting Return Low Return High WMNIX % Rank
US
0.03% -55.82% 325.56% 96.15%
Non US
0.00% -7.09% 86.98% 90.38%

Bond Sector Breakdown

Weighting Return Low Return High WMNIX % Rank
Corporate
93.17% 0.00% 100.00% 3.85%
Cash & Equivalents
4.05% 0.00% 100.00% 94.23%
Government
2.78% 0.00% 73.33% 19.23%
Derivative
0.00% 0.00% 30.95% 39.42%
Securitized
0.00% 0.00% 27.70% 33.65%
Municipal
0.00% 0.00% 3.82% 32.69%

Bond Geographic Breakdown

Weighting Return Low Return High WMNIX % Rank
US
7.86% -1.04% 80.93% 24.04%
Non US
1.10% -64.71% 9.68% 7.69%

WMNIX - Expenses

Operational Fees

WMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.73% 9.52% 81.55%
Management Fee 0.85% 0.13% 1.65% 23.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.06% 0.40% N/A

Sales Fees

WMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 71.43%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

WMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 125.00% 30.00% 483.00% 34.83%

WMNIX - Distributions

Dividend Yield Analysis

WMNIX Category Low Category High WMNIX % Rank
Dividend Yield 1.04% 0.00% 0.75% 25.96%

Dividend Distribution Analysis

WMNIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

WMNIX Category Low Category High WMNIX % Rank
Net Income Ratio 1.45% -2.49% 4.20% 14.56%

Capital Gain Distribution Analysis

WMNIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

WMNIX - Fund Manager Analysis

Managers

P. Adrian Helfert


Start Date

Tenure

Tenure Rank

Dec 22, 2020

1.44

1.4%

Adrian Helfert, Senior Vice President is Chief Investment Officer, Multi-Asset Portfolios at Westwood. Having originally joined Westwood in 2019, Mr. Helfert oversees multiple strategies with portfolio management and leadership responsibilities across the Multi-Asset continuum, including our flagship, Income Opportunity. Throughout his career, Mr. Helfert has developed a strong track record working on collaborative, global teams. Prior Westwood, Mr. Helfert served as Managing Director and Senior Multi-Asset Portfolio Manager at Amundi Smith Breeden in London, where he was responsible for Global Fixed Income strategies. During his 13-year Amundi tenure, he also was an investment team leader on absolute return, unconstrained and total return portfolios across multiple asset classes including equity and fixed income across multiple asset classes including equity and fixed income. Before joining Amundi, Mr. Helfert worked at Royal Bank of Scotland and JPMorgan's Asset Management Group. Mr. Helfert earned his MBA from Duke University and his BA in physics from the University of Virginia, where he was awarded a fellowship for his work in Solid State Physics. He also served in the U.S. Navy / Marine Corps as a Combat Medic.

Christopher Hartman


Start Date

Tenure

Tenure Rank

Aug 03, 2021

0.82

0.8%

Mr. Hartman joined Westwood in 2021 and currently serves as Vice President, Portfolio Manager on the Multi-Asset investment team. Prior to joining the Westwood, Mr. Hartman served as Senior Portfolio Manager – Convertible Arbitrage at Aegon Asset Management in Chicago, where he was responsible for portfolio management of the Aegon Asset Management Market Neutral Fund and the Legacy Convertible Insurance product strategy. He also focused on convertible arbitrage and managed long only convertible bonds. Prior to that, Mr. Hartman spent 17 years at Calamos Investments, eight of which he served as Senior Vice President, Portfolio Manager of the Calamos Market Neutral Income Fund. He has more than 24 years of investment experience. Mr. Hartman earned his MBA in Finance from Benedictine University and his BA in Economics from Southern Illinois University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42