Westwood Income Opportunity
The Westwood Income Opportunity Fund is an actively managed portfolio that aims to generate current income with capital appreciation and tax efficiency by focusing on companies with cash flow that is strong enough to support a sustainable or rising dividend. The fund invests in dividend-paying common stocks, preferred stocks, convertibles securities, energy MLPs and royalty trusts, REITs and selected debt instruments.
Investment approach
- Provides higher current income than offered by traditional fixed income products
- Actively managed portfolio of liquid and transparent securities
- Invests in a diversified group of income producing asset classes
The Fund’s investment universe includes:
- Preferred Stocks
- Convertible Securities
- Dividend Paying Common Stocks
- Real Estate Investment Trusts (REITs)
- Master Limited Partnerships & Trusts (MLPs)
- Bonds and Other Debt Securities
- Inflation-Protected Securities
- Money Market Instruments
Performance
(As of 3/31/2013)
| Inception date | 1Q13 | YTD | 1 yr trailing | 3 yr trailing | 5 yr trailing | Since Inception | |
| Income Opportunity | 1/1/2003 | 9.0% | 9.0% | 13.9% | 12.6% | 9.3% | 10.4% |
| Net of Fees | 8.8% | 8.8% | 13.5% | 12.0% | 8.7% | 9.9% | |
| 25% S&P 500 / 25% NAREIT / 25% 10-Year Treasury / 25% T-Bills |
4.5% | 4.5% | 9.4% | 10.2% | 6.1% | 7.6% | |
Click to download composite performance details.
“Past performance is not a guarantee of future returns. Returns are preliminary and are subject to change. Click here for the performance disclosure. The disclosures provided are considered an integral part of this presentation.”
More information
Contact us to learn more about this and other Westwood portfolios.
Portfolio team
Mark R. Freeman, CFA
Executive Vice President,
Chief Investment Officer,
Portfolio Manager
Todd L. Williams, CFA
Senior Vice President,
Senior Research Analyst,
Portfolio Manager