Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
11.3%
1 yr return
19.2%
3 Yr Avg Return
2.5%
5 Yr Avg Return
5.0%
Net Assets
$38.5 M
Holdings in Top 10
23.7%
Expense Ratio 1.21%
Front Load N/A
Deferred Load N/A
Turnover 65.00%
Redemption Fee N/A
Standard (Taxable)
$500,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Balanced Fund invests in a combination of equity and debt securities. The Balanced Fund is primarily equity-oriented, and uses a top-down approach in seeking to provide equity-like returns but with lower volatility than a fully invested equity portfolio. Westwood Management Corp., the Balanced Fund’s sub-adviser (the “Westwood Sub-Adviser”) will typically invest 30% to 70% of the Balanced Fund’s assets in equity securities and 70% to 30% in debt securities, and the balance of the Balanced Fund’s assets in cash or cash equivalents. The actual mix of assets will vary depending on the Westwood Sub-Adviser’s analysis of market and economic conditions.
The Balanced Fund invests in stocks of seasoned companies. Seasoned companies generally have market capitalizations of $1 billion or more and have been operating for at least three years. The Westwood Sub-Adviser chooses stocks of seasoned companies with proven records and above-average earnings growth potential. The Westwood Sub-Adviser has disciplines in place that serve as sell signals such as a security reaching a predetermined price target, a change to a company’s fundamentals that make the risk/reward profile unattractive, or a need to improve the overall risk/reward profile of the Balanced Fund.
The majority of the debt securities held by the Balanced Fund are investment grade securities of corporate and government issuers and commercial paper and mortgage- and asset-backed securities. Investment grade debt securities are securities rated in one of the four highest ratings categories by a Nationally Recognized Statistical Rating Organization (“NRSRO”). The Fund may invest up to 20% of the total fund in below investment grade bonds. A bond’s credit rating is determined by using the middle rating of Moody’s, S&P, and Fitch. If only two agencies rate a security, the lower rating is used. If only one rates a security, that single rating is used. The Balanced Fund may invest in fixed income securities of any maturity.
The Balanced Fund may also invest up to 25% of its total assets in foreign equity securities and in European Depositary Receipts (“EDRs”) or American Depositary Receipts (“ADRs”), including in those of companies located in emerging markets. The Balanced Fund may also invest in foreign debt securities.
Period | WBBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.3% | -3.3% | 57.3% | 57.60% |
1 Yr | 19.2% | -2.8% | 64.3% | 68.89% |
3 Yr | 2.5%* | -5.6% | 14.0% | 52.89% |
5 Yr | 5.0%* | -3.3% | 19.3% | 89.44% |
10 Yr | 5.8%* | 0.9% | 12.0% | 66.09% |
* Annualized
Period | WBBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -12.2% | 23.9% | 82.25% |
2022 | -18.3% | -34.7% | 2.8% | 47.95% |
2021 | 1.2% | -11.9% | 18.1% | 77.39% |
2020 | -0.7% | -20.9% | 39.7% | 93.65% |
2019 | 10.0% | 0.8% | 25.7% | 86.11% |
Period | WBBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.3% | -3.3% | 57.3% | 57.60% |
1 Yr | 19.2% | -2.8% | 64.3% | 68.89% |
3 Yr | 2.5%* | -5.6% | 14.0% | 52.89% |
5 Yr | 5.0%* | -3.3% | 19.3% | 89.44% |
10 Yr | 5.8%* | 0.9% | 12.0% | 66.09% |
* Annualized
Period | WBBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.0% | -12.2% | 26.8% | 83.98% |
2022 | -12.2% | -29.0% | 10.9% | 26.54% |
2021 | 15.2% | -3.0% | 27.3% | 26.40% |
2020 | 0.3% | -19.5% | 40.6% | 97.94% |
2019 | 19.1% | 2.2% | 32.7% | 60.78% |
WBBIX | Category Low | Category High | WBBIX % Rank | |
---|---|---|---|---|
Net Assets | 38.5 M | 789 K | 230 B | 92.12% |
Number of Holdings | 99 | 2 | 16015 | 44.01% |
Net Assets in Top 10 | 8.89 M | 577 K | 69.8 B | 96.83% |
Weighting of Top 10 | 23.72% | 10.8% | 122.7% | 85.28% |
Weighting | Return Low | Return High | WBBIX % Rank | |
---|---|---|---|---|
Stocks | 67.48% | 0.00% | 100.16% | 55.56% |
Bonds | 31.54% | 0.00% | 74.58% | 30.30% |
Convertible Bonds | 2.21% | 0.00% | 23.84% | 7.27% |
Cash | 0.99% | -7.92% | 100.00% | 58.30% |
Preferred Stocks | 0.00% | 0.00% | 23.91% | 85.14% |
Other | 0.00% | -42.55% | 113.97% | 82.40% |
Weighting | Return Low | Return High | WBBIX % Rank | |
---|---|---|---|---|
Financial Services | 20.67% | 0.00% | 38.77% | 5.69% |
Technology | 19.40% | 0.00% | 44.21% | 51.90% |
Healthcare | 18.42% | 0.00% | 29.35% | 6.41% |
Industrials | 10.91% | 0.00% | 24.37% | 37.61% |
Consumer Defense | 7.49% | 0.00% | 15.14% | 29.15% |
Consumer Cyclical | 6.09% | 0.00% | 19.36% | 84.55% |
Communication Services | 5.78% | 0.00% | 38.10% | 77.99% |
Energy | 4.72% | 0.00% | 85.65% | 51.60% |
Real Estate | 2.83% | 0.00% | 65.01% | 62.83% |
Utilities | 1.98% | 0.00% | 99.55% | 80.61% |
Basic Materials | 1.72% | 0.00% | 33.35% | 87.32% |
Weighting | Return Low | Return High | WBBIX % Rank | |
---|---|---|---|---|
US | 67.48% | 0.00% | 100.16% | 49.93% |
Non US | 0.00% | 0.00% | 39.06% | 84.13% |
Weighting | Return Low | Return High | WBBIX % Rank | |
---|---|---|---|---|
Corporate | 68.87% | 0.00% | 98.21% | 9.59% |
Government | 30.80% | 0.00% | 97.26% | 44.33% |
Cash & Equivalents | 0.65% | 0.00% | 99.92% | 59.16% |
Derivative | 0.00% | -2.87% | 42.43% | 73.30% |
Securitized | 0.00% | 0.00% | 92.13% | 97.09% |
Municipal | 0.00% | 0.00% | 24.80% | 91.57% |
Weighting | Return Low | Return High | WBBIX % Rank | |
---|---|---|---|---|
US | 31.54% | 0.00% | 74.58% | 29.15% |
Non US | 0.00% | 0.00% | 15.37% | 82.97% |
WBBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.21% | 0.03% | 17.63% | 34.43% |
Management Fee | 0.75% | 0.00% | 1.83% | 88.11% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.83% | 12.69% |
WBBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
WBBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
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.
WBBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 65.00% | 0.00% | 343.00% | 73.34% |
WBBIX | Category Low | Category High | WBBIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.63% | 0.00% | 17.90% | 73.93% |
WBBIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
WBBIX | Category Low | Category High | WBBIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.47% | -2.34% | 19.41% | 82.82% |
WBBIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.044 | OrdinaryDividend |
Mar 26, 2024 | $0.034 | OrdinaryDividend |
Nov 28, 2023 | $0.043 | OrdinaryDividend |
Nov 28, 2023 | $0.004 | CapitalGainShortTerm |
Nov 28, 2023 | $0.199 | CapitalGainLongTerm |
Sep 27, 2023 | $0.044 | OrdinaryDividend |
Jun 28, 2023 | $0.031 | OrdinaryDividend |
Mar 29, 2023 | $0.065 | OrdinaryDividend |
Nov 28, 2022 | $0.623 | OrdinaryDividend |
Sep 28, 2022 | $0.033 | OrdinaryDividend |
Jun 28, 2022 | $0.028 | OrdinaryDividend |
Mar 29, 2022 | $0.025 | OrdinaryDividend |
Nov 26, 2021 | $0.014 | OrdinaryDividend |
Nov 26, 2021 | $0.472 | CapitalGainShortTerm |
Nov 26, 2021 | $0.994 | CapitalGainLongTerm |
Sep 28, 2021 | $0.017 | OrdinaryDividend |
Jun 28, 2021 | $0.012 | OrdinaryDividend |
Mar 29, 2021 | $0.013 | OrdinaryDividend |
Nov 25, 2020 | $0.012 | OrdinaryDividend |
Sep 28, 2020 | $0.027 | OrdinaryDividend |
Jun 26, 2020 | $0.031 | OrdinaryDividend |
Mar 27, 2020 | $0.037 | OrdinaryDividend |
Nov 26, 2019 | $0.038 | OrdinaryDividend |
Nov 26, 2019 | $0.004 | CapitalGainShortTerm |
Nov 26, 2019 | $0.746 | CapitalGainLongTerm |
Sep 26, 2019 | $0.040 | OrdinaryDividend |
Jun 26, 2019 | $0.037 | OrdinaryDividend |
Mar 27, 2019 | $0.045 | OrdinaryDividend |
Nov 28, 2018 | $0.038 | OrdinaryDividend |
Nov 28, 2018 | $1.231 | CapitalGainLongTerm |
Jun 27, 2018 | $0.042 | OrdinaryDividend |
Mar 27, 2018 | $0.035 | OrdinaryDividend |
Nov 28, 2017 | $0.037 | OrdinaryDividend |
Nov 28, 2017 | $0.078 | CapitalGainShortTerm |
Nov 28, 2017 | $0.650 | CapitalGainLongTerm |
Sep 27, 2017 | $0.059 | OrdinaryDividend |
Jun 28, 2017 | $0.048 | OrdinaryDividend |
Mar 29, 2017 | $0.035 | OrdinaryDividend |
Nov 28, 2016 | $0.632 | CapitalGainLongTerm |
Sep 28, 2016 | $0.034 | OrdinaryDividend |
Jun 28, 2016 | $0.042 | OrdinaryDividend |
Mar 29, 2016 | $0.039 | OrdinaryDividend |
Nov 24, 2015 | $0.040 | OrdinaryDividend |
Nov 24, 2015 | $0.818 | CapitalGainLongTerm |
Sep 21, 2015 | $0.040 | OrdinaryDividend |
Jun 22, 2015 | $0.041 | OrdinaryDividend |
Mar 20, 2015 | $0.034 | OrdinaryDividend |
Nov 25, 2014 | $0.046 | OrdinaryDividend |
Nov 25, 2014 | $0.133 | CapitalGainShortTerm |
Nov 25, 2014 | $0.972 | CapitalGainLongTerm |
Sep 22, 2014 | $0.043 | OrdinaryDividend |
Jun 20, 2014 | $0.045 | OrdinaryDividend |
Mar 20, 2014 | $0.039 | OrdinaryDividend |
Nov 26, 2013 | $0.043 | OrdinaryDividend |
Nov 26, 2013 | $0.915 | CapitalGainLongTerm |
Sep 20, 2013 | $0.042 | OrdinaryDividend |
Jun 20, 2013 | $0.041 | OrdinaryDividend |
Mar 20, 2013 | $0.037 | OrdinaryDividend |
Nov 28, 2012 | $0.059 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 01, 2013
9.17
9.2%
Mr. Lockridge is Head of U.S. Value for Westwood. He serves as a Senior Portfolio Manager on the LargeCap Value and SmallCap Value portfolio teams and is responsible for investment research in the Consumer Staples and Consumer Discretionary sectors. Additionally, Mr. Lockridge is a member of the firm’s Operating Committee, Investment Policy Committee and the Consumer/Health Care research group. Mr. Lockridge began his career at Arthur Andersen, LLP, within their Chicago consulting practice. He served as a Senior Consultant with Deloitte Consulting, LLP, where he assisted clients with various corporate finance and accounting issues. Mr. Lockridge then served as a Managing Director and Partner at Dearborn Partners, LLC, where he was a member of the firm’s Investment Committee and oversaw investments in the Consumer and Industrial sectors. Mr. Lockridge earned his MBA with a concentration in Finance and Accounting from the University of Chicago Booth School of Business and his BBA in Finance from Southern Methodist University.
Start Date
Tenure
Tenure Rank
Jun 30, 2019
2.92
2.9%
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.
Start Date
Tenure
Tenure Rank
Sep 13, 2019
2.72
2.7%
Mr. Sheehan joined Westwood in 2018 and is currently a Vice President – Portfolio Manager & Research Analyst. He serves as a Portfolio Manager for Westwood’s LargeCap Value and AllCap Value strategies and specializes as an Analyst in the Technology, Media and Telecom sectors. Prior to joining Westwood, Mr. Sheehan was an Analyst at Surveyor Capital focused on the Technology sector. Prior to that, he held several roles investing across the Technology, Media and Telecom sectors. Mr. Sheehan earned a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania. He is a CFA charterholder.
Start Date
Tenure
Tenure Rank
Aug 04, 2020
1.82
1.8%
Ms. Hill joined Westwood in 2015 and is a Portfolio Manager on the LargeCap Value and AllCap Value portfolio teams and a Research Analyst specializing in the Consumer Discretionary and Industrials sectors. She is a member of the Consumer/Health Care and Technology/Industrials research groups. Before joining Westwood, Ms. Hill spent 11 years working in equity research in New York. She served as a Generalist at Northern Border Investments and Cantillon Capital and as a Financials and Utilities Analyst at J.P. Morgan Asset Management. Prior to that, she worked as an Associate on the sell-side at Sanford Bernstein with the No. 1-ranked Consumer Finance Analyst. Ms. Hill earned her MBA with Honors from Columbia Business School where she participated in the Value Investing Program. She earned her BBA in Finance and Accounting with Honors from Southern Methodist University. Ms. Hill is a CFA charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.36 | 2.41 |
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