WSCIX: Westwood Strategic Convertibles Instl

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WSCIX Westwood Strategic Convertibles Instl


Profile

WSCIX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return N/A
  • Net Assets $39.4 M
  • Holdings in Top 10 42.0%

52 WEEK LOW AND HIGH

$10.25
$10.15
$11.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 175.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Nov 21, 2019
  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Westwood Strategic Convertibles Fund
  • Fund Family Name
    Westwood
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    3373714
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in convertible securities. It may also invest in equity securities and non-convertible fixed income securities, and may invest in securities of any market capitalization, maturity, duration or credit quality, including securities rated below investment grade or, if unrated, deemed by the Adviser to be of comparable quality ("junk bonds"). The fund may invest in U.S. and non-U.S. (including both developed and emerging market) companies.


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Categories

Performance

WSCIX - Performance

Return Ranking - Trailing

Period WSCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -29.0% 33.3% 53.75%
1 Yr 1.1% -29.3% 30.3% 54.49%
3 Yr 1.7%* -12.8% 11.5% 51.80%
5 Yr N/A* -8.1% 9.6% N/A
10 Yr N/A* -5.1% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period WSCIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -8.6% 24.4% 99.35%
2018 -2.7% -15.4% -2.5% 3.57%
2017 6.7% -7.8% 15.4% 41.18%
2016 -1.4% -4.1% 14.2% 90.15%
2015 N/A -26.1% 2.5% N/A

Total Return Ranking - Trailing

Period WSCIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -29.0% 33.3% 53.75%
1 Yr 1.1% -29.3% 30.3% 54.49%
3 Yr 1.7%* -9.9% 17.1% 56.12%
5 Yr N/A* -5.8% 13.2% N/A
10 Yr N/A* -5.1% 12.0% N/A

* Annualized

Total Return Ranking - Calendar

Period WSCIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -8.6% 24.4% 99.35%
2018 -2.7% -15.4% 4.5% 16.43%
2017 6.7% -1.0% 18.4% 67.65%
2016 -1.4% -4.1% 20.1% 90.15%
2015 N/A -26.1% 6.2% N/A

NAV & Total Return History


Holdings

WSCIX - Holdings

Concentration Analysis

WSCIX Category Low Category High WSCIX % Rank
Net Assets 39.4 M 196 K 9.94 B 89.63%
Number of Holdings 38 38 373 100.00%
Net Assets in Top 10 15.8 M -276 M 1.01 B 85.98%
Weighting of Top 10 42.01% 10.4% 72.4% 2.44%

Top 10 Holdings

  1. Akamai Technologies, Inc. 0.12% 6.43%
  2. Booking Holdings Inc 0.9% 5.54%
  3. Tesla Inc 1.25% 4.53%
  4. VIAVI SOLUTIONS INC 1.75% 4.15%
  5. Palo Alto Networks Inc 0.75% 3.98%
  6. IAC Financeco 3 Inc 2% 3.65%
  7. InterDigital, Inc. 2% 3.52%
  8. Nextera Energy Partners LP 1.5% 3.48%
  9. The Medicines Company 2.5% 3.39%
  10. Splunk Inc 0.5% 3.35%

Asset Allocation

Weighting Return Low Return High WSCIX % Rank
Convertible Bonds
95.38% 0.00% 108.22% 3.66%
Cash
3.83% -6.08% 15.79% 28.66%
Bonds
0.79% -14.80% 70.12% 51.83%
Stocks
0.00% -0.82% 47.79% 91.46%
Preferred Stocks
0.00% 0.00% 77.66% 98.78%
Other
0.00% 0.00% 15.69% 91.46%

Expenses

WSCIX - Expenses

Operational Fees

WSCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.63% 0.41% 94.07% 16.35%
Management Fee 0.75% 0.00% 1.42% 71.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

WSCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WSCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 84.62%

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.

WSCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 175.00% 5.00% 175.00% 100.00%

Distributions

WSCIX - Distributions

Dividend Yield Analysis

WSCIX Category Low Category High WSCIX % Rank
Dividend Yield 0.00% 0.00% 6.47% 78.66%

Dividend Distribution Analysis

WSCIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

WSCIX Category Low Category High WSCIX % Rank
Net Income Ratio 0.37% -0.26% 9.30% 93.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WSCIX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 35.22 9.51 9.67