WWIAX: Westwood Income Opportunity A - MutualFunds.com

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WWIAX Westwood Income Opportunity A

  • Fund
  • WWIAX
  • Price as of: Oct 11, 2019
  • $15.74 + $0.03 + 0.19%

WWIAX - Profile

Vitals

  • YTD Return 11.8%
  • 3 Yr Annualized Return 6.6%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.15 B
  • Holdings in Top 10 27.8%

52 WEEK LOW AND HIGH

$15.74
$13.77
$15.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.08%

SALES FEES

  • Front Load 3.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return 5.5%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Westwood Income Opportunity Fund
  • Fund Family Name Westwood
  • Inception Date Dec 31, 2007
  • Shares Outstanding 4125413
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David Clott

Fund Description

Under normal circumstances, the fund seeks to meet its investment objectives by investing generally more than 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying and/or interest-bearing securities. The fund aims to invest in securities of companies with a strong and improving cash flow sufficient to support a sustainable or rising income stream for investors.

WWIAX - Performance

Return Ranking - Trailing

Period WWIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -38.3% 24.6% 34.00%
1 Yr 7.1% -95.5% 33.0% 7.43%
3 Yr 6.6%* -63.1% 26.2% 14.11%
5 Yr 4.8%* -45.7% 13.5% 19.53%
10 Yr 7.7%* -37.9% 15.4% 17.38%

* Annualized


Return Ranking - Calendar

Period WWIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.9% -93.5% 19.0% 59.08%
2017 7.2% -44.7% 46.3% 41.12%
2016 4.6% -84.5% 146.1% 37.38%
2015 -4.1% -40.7% 14.6% 22.35%
2014 6.2% -35.0% 306.6% 8.95%

Total Return Ranking - Trailing

Period WWIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -38.3% 24.6% 34.10%
1 Yr 3.9% -25.4% 33.0% 44.10%
3 Yr 5.5%* -49.6% 26.2% 40.04%
5 Yr 4.2%* -40.9% 13.5% 51.79%
10 Yr 7.4%* -37.9% 15.4% 36.04%

* Annualized


Total Return Ranking - Calendar

Period WWIAX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.9% -27.2% 19.0% 78.77%
2017 7.2% -44.7% 46.3% 69.96%
2016 4.6% -84.5% 146.1% 65.21%
2015 -4.1% -36.9% 14.6% 65.03%
2014 6.2% -35.0% 306.6% 39.65%

NAV & Total Return History

WWIAX - Holdings

Concentration Analysis

WWIAX Category Low Category High WWIAX % Rank
Net Assets 1.15 B 595 K 150 B 30.68%
Number of Holdings 68 2 13525 55.27%
Net Assets in Top 10 313 M -32.5 M 27.3 B 33.11%
Weighting of Top 10 27.79% 9.0% 808.8% 63.18%

Top 10 Holdings

  1. AT&T Inc 3.39%

  2. Alexandria Real Estate Equities Inc 3.02%

  3. Becton, Dickinson and Co Pfd 2.82%

  4. The Home Depot Inc 2.78%

  5. United States Treasury Notes 2.62% 2.76%

  6. PepsiCo Inc 2.75%

  7. Cisco Systems Inc 2.73%

  8. United States Treasury Notes 2% 2.67%

  9. Vornado Realty Trust 2.53%

  10. Northern Trust Corporation 3.15% 2.35%


Asset Allocation

Weighting Return Low Return High WWIAX % Rank
Stocks
46.89% -41.01% 85.51% 47.07%
Bonds
41.17% -35.77% 80.79% 48.34%
Preferred Stocks
10.93% 0.00% 49.94% 3.91%
Convertible Bonds
1.43% 0.00% 88.42% 14.55%
Other
0.00% -36.58% 100.69% 88.96%
Cash
-0.43% -46.53% 72.58% 89.65%

Stock Sector Breakdown

Weighting Return Low Return High WWIAX % Rank
Technology
8.73% -18.03% 25.15% 38.95%
Financial Services
7.93% -7.21% 29.64% 42.22%
Real Estate
5.55% -8.18% 50.68% 8.33%
Industrials
5.50% -2.39% 24.83% 34.19%
Energy
4.95% -2.02% 67.98% 14.37%
Consumer Defense
4.67% -4.20% 11.56% 26.86%
Communication Services
3.39% -6.69% 6.14% 5.15%
Consumer Cyclical
2.78% -10.48% 41.19% 66.11%
Utilities
2.41% -2.30% 56.62% 22.89%
Basic Materials
0.98% -1.69% 15.06% 65.11%
Healthcare
0.00% -6.04% 21.65% 99.01%

Stock Geographic Breakdown

Weighting Return Low Return High WWIAX % Rank
US
44.56% -41.02% 95.72% 38.09%
Non US
2.33% -71.32% 29.49% 71.68%

Bond Sector Breakdown

Weighting Return Low Return High WWIAX % Rank
Corporate
35.08% -8.79% 89.23% 14.84%
Government
18.45% -149.28% 80.79% 28.13%
Derivative
0.00% -84.86% 22.55% 71.68%
Securitized
0.00% 0.00% 45.59% 96.19%
Municipal
0.00% 0.00% 58.02% 91.02%
Cash & Equivalents
-0.43% -46.36% 335.52% 91.50%

Bond Geographic Breakdown

Weighting Return Low Return High WWIAX % Rank
US
40.60% -36.43% 358.36% 44.73%
Non US
0.57% -302.38% 18.65% 84.47%

WWIAX - Expenses

Operational Fees

WWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.00% 18.45% 48.91%
Management Fee 0.75% 0.00% 2.00% 78.79%
12b-1 Fee 0.25% 0.00% 1.00% 53.05%
Administrative Fee 0.12% 0.00% 0.83% 63.40%

Sales Fees

WWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 1.00% 5.75% 95.36%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

WWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Turnover 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.

WWIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 0.00% 1373.00% 42.70%

WWIAX - Distributions

Dividend Yield Analysis

WWIAX Category Low Category High WWIAX % Rank
Dividend Yield 0.52% 0.00% 11.91% 56.64%

Dividend Distribution Analysis

WWIAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WWIAX Category Low Category High WWIAX % Rank
Net Income Ratio 1.56% -4.09% 6.65% 55.47%

Capital Gain Distribution Analysis

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

WWIAX - Managers

David Clott

Manager

Start Date

Tenure

Tenure Rank

Mar 22, 2019

0.53

0.5%

David serves as a Senior Portfolio Manager and leads the firm’s Global Convertible Securities team. Prior to joining Westwood, David spent fifteen years managing both the long only and absolute return global convertible securities strategies at Aviva Investors and co-founded their convertible funds in April 2002. Before this he was a Portfolio Manager and Equity Analyst at HSB Group for one year, and an Equity Analyst and later a Convertible Securities Analyst at Phoenix Investment Partners for seven years. David earned a BSc in Business Administration and Finance from Bryant University. He is a member of the CFA Institute and the Boston Security Analysts Society.


P. Adrian Helfert

Manager

Start Date

Tenure

Tenure Rank

Mar 22, 2019

0.53

0.5%

Mr. Adrian Helfert has served as Senior Vice President and Director of Multi-Asset Portfolios at the Westwood since 2019. He is responsible for leading the firm’s multi-asset strategies team. Most recently, Mr. Helfert served as Managing Director and Senior Multi-Asset Portfolio Manager at Amundi 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. Prior to 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. Mr. Helfert has served on the portfolio team for the Westwood Income Opportunity Fund since 2019. Mr. Helfert participates in the investment decision process. He has authority to direct trading activity for the Fund and is also responsible for representing the Fund to investors. Mr. Helfert has more than 19 years of investment experience.


Tenure Analysis

Category Low

0.0

Category High

35.77

Category Average

6.78

Category Mode

7.37