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Trending ETFs

Westwood Alternative Income Fund

mutual fund
WMNAX
Dividend policy
Active
Price as of:
$10.94 -0.02 -0.18%
primary theme
N/A
WMNAX (Mutual Fund)

Westwood Alternative Income Fund

Dividend policy
Active
Price as of:
$10.94 -0.02 -0.18%
primary theme
N/A
WMNAX (Mutual Fund)

Westwood Alternative Income Fund

Dividend policy
Active
Price as of:
$10.94 -0.02 -0.18%
primary theme
N/A

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.94

$185 M

0.81%

$0.09

1.09%

Vitals

YTD Return

1.7%

1 yr return

3.6%

3 Yr Avg Return

6.2%

5 Yr Avg Return

3.9%

Net Assets

$185 M

Holdings in Top 10

28.8%

52 WEEK LOW AND HIGH

$11.0
$10.70
$11.07

Expenses

OPERATING FEES

Expense Ratio 1.09%

SALES FEES

Front Load 3.00%

Deferred Load N/A

TRADING FEES

Turnover 137.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Relative Value Arbitrage


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.94

$185 M

0.81%

$0.09

1.09%

WMNAX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Westwood Alternative Income Fund
  • Fund Family Name
    Westwood
  • Inception Date
    Mar 31, 2020
  • Shares Outstanding
    3523
  • Share Class
    A
  • 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.


WMNAX - Performance

Return Ranking - Trailing

Period WMNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.6% 15.8% 68.00%
1 Yr 3.6% -33.0% 41.7% 20.39%
3 Yr 6.2%* -10.5% 13.4% 26.53%
5 Yr 3.9%* -4.8% 11.1% 21.69%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period WMNAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -31.7% 23.2% N/A
2019 N/A -20.7% 10.7% N/A
2018 N/A -12.4% 14.7% N/A
2017 N/A -13.2% 12.9% N/A
2016 N/A -11.7% 7.9% N/A

Total Return Ranking - Trailing

Period WMNAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -11.7% 15.8% 68.00%
1 Yr 0.5% -33.0% 41.7% 34.95%
3 Yr 5.1%* -10.5% 13.4% 33.67%
5 Yr 3.2%* -4.8% 11.1% 28.92%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period WMNAX Return Category Return Low Category Return High Rank in Category (%)
2020 N/A -31.7% 23.2% N/A
2019 N/A -20.7% 10.7% N/A
2018 N/A -12.4% 14.7% N/A
2017 N/A -12.7% 12.9% N/A
2016 N/A -11.5% 13.2% N/A

NAV & Total Return History


WMNAX - Holdings

Concentration Analysis

WMNAX Category Low Category High WMNAX % Rank
Net Assets 185 M 105 K 12.6 B 43.27%
Number of Holdings 240 5 2526 46.15%
Net Assets in Top 10 32.6 M -619 M 6.53 B 48.08%
Weighting of Top 10 28.78% 7.6% 96.1% 67.07%

Top 10 Holdings

  1. US Treasury Note 0.12% 5.00%
  2. Bridgebio Pharma Inc 0% 4.93%
  3. SEI Government F (SDIT) 4.46%
  4. NCL Corporation Ltd. 5.38% 4.15%
  5. SEA LTD 2.38% 4.11%
  6. Bilibili Inc 1.25% 3.86%
  7. Plug Power Inc 1.28% 3.85%
  8. Plug Power Inc 3.74%
  9. Copa Holdings Sa 0% 3.62%
  10. Sea Ltd ADR 3.52%

Asset Allocation

Weighting Return Low Return High WMNAX % Rank
Convertible Bonds
91.09% 0.00% 95.47% 3.85%
Other
34.07% -11.90% 43.69% 5.77%
Cash
8.82% -225.56% 102.75% 90.38%
Bonds
6.61% -1.04% 63.30% 25.96%
Preferred Stocks
0.00% 0.00% 5.67% 47.12%
Stocks
-40.59% -57.09% 325.56% 98.08%

Bond Sector Breakdown

Weighting Return Low Return High WMNAX % Rank
Corporate
89.56% 0.00% 100.00% 5.77%
Cash & Equivalents
7.54% 0.00% 100.00% 96.15%
Government
2.89% 0.00% 73.33% 21.15%
Derivative
0.00% 0.00% 30.95% 41.35%
Securitized
0.00% 0.00% 27.70% 35.58%
Municipal
0.00% 0.00% 3.82% 34.62%

Bond Geographic Breakdown

Weighting Return Low Return High WMNAX % Rank
US
4.77% -1.04% 80.93% 25.96%
Non US
1.84% -64.71% 9.68% 9.62%

WMNAX - Expenses

Operational Fees

WMNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.73% 9.52% 72.82%
Management Fee 0.85% 0.13% 1.65% 25.00%
12b-1 Fee 0.25% 0.00% 1.00% 35.59%
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

WMNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 2.75% 5.75% 88.89%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

WMNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

WMNAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 137.00% 30.00% 483.00% 37.08%

WMNAX - Distributions

Dividend Yield Analysis

WMNAX Category Low Category High WMNAX % Rank
Dividend Yield 0.81% 0.00% 0.75% 3.85%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

WMNAX Category Low Category High WMNAX % Rank
Net Income Ratio 1.61% -2.49% 4.20% 18.45%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

WMNAX - Fund Manager Analysis

Managers

P. Adrian Helfert


Start Date

Tenure

Tenure Rank

Dec 22, 2020

0.94

0.9%

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.

Christopher Hartman


Start Date

Tenure

Tenure Rank

Aug 03, 2021

0.33

0.3%

Chris Hartman is a Senior Vice President and Co-Portfolio Manager on the Alternatives Team, primarily focusing on the market neutral strategy. He is one of the Investment Team leaders responsible for analysis and research. In December 2012, Morningstar Inc. chose the Calamos Market Neutral Income Fund Team, which Mr. Hartman leads, as one of three nominees for its 2012 Morningstar Alternatives Fund Manager of the Year award in the U.S. Mr. Hartman began his career at Calamos as a Data Analyst. He has progressed through a series of promotions and additional responsibilities in the Investment Department, ultimately being promoted to his current role.

Tenure Analysis

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