The Westwood Worldwide Income Opportunity strategy:

  • Is actively managed, utilizing a bottom-up security selection process.
  • Utilizes a tactical asset-allocation approach.
  • Invests in global dividend-paying common stocks, global preferred stocks, global convertible securities, royalty trusts, master limited partnerships (MLPs), global real estate investment trusts (REITs), global bonds (corporate and government) and other global debt securities, and cash.
  • Controls risk by limiting the target weight of each holding, imposing maximum issuer weightings and limiting sector weightings. Equity and fixed income asset class weightings are unconstrained while the remaining asset classes are limited to 35%.

Performance

(As of 9/30/2017)

Inception date QTR YTD 1 yr 3 yr 5 yr Since Inception
Worldwide Income Opportunity Gross of Fees 4/1/2015 2.52% 8.84% 7.48% n/a n/a 3.32%
Worldwide Income Opportunity Net of Fees   2.30% 8.12% 6.62% n/a n/a 2.39%
25% MSCI World Net/25% FTSE EPRA Nareit Developed Net/25% Barclays Global G-7 Treasury/25% Citigroup 3-Month Treasury Bill Index   2.00% 6.95% 3.43% n/a n/a 3.42%

Investment Team

Westwood believes that team management creates a sense of ownership, accountability and consistency in the investment process. Our Worldwide Income Opportunity team is supported by a fundamental research team that has cross capitalization responsibilities in specific sectors.

Within our process, Research Analysts generate investment ideas, while the Portfolio Team is responsible for portfolio construction. Each of our Research Analysts is also on a Portfolio Team, which leads to a very collaborative environment where we fully utilize the expertise of all investment team members.

Portfolio Team

Mark R. Freeman, CFA

Chief Investment Officer

Daniel Barnes, CFA

Research Analyst

Todd L. Williams, CFA

Portfolio Manager/Research Analyst


Disclosures

 

 

For purposes of compliance with the GIPS standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. and Westwood International Advisors Inc.  Westwood Management Corp. is an SEC registered investment adviser under the Investment Advisers Act of 1940 that provides investment supervisory services, managing equity and fixed income portfolios.  Westwood International Advisors Inc. is a registered portfolio manager with the Ontario Securities Commission and the Autorité des marchés financiers in Quebec that provides investment supervisory services for global and emerging markets equity portfolios.  Westwood Management Corp. and Westwood International Advisors Inc. are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request, as is a complete list and description of the Firm’s composites, by contacting performance@westwoodgroup.com.

 

Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®).  Unless otherwise stated, performance shown is in U.S. Dollars.

 

The Worldwide Income Opportunity Composite includes all taxable and tax-exempt, fee-paying fully discretionary accounts that invest in a range of global asset classes with the objective of delivering an attractive rate of total return with a low volatility profile. The strategy may invest on both domestic and foreign companies and will generally have exposure to Europe and Asia. There is no minimum portfolio size for inclusion in the Worldwide Income Opportunity Composite. Portfolio returns reflect the reinvestment of dividend and interest income. The Worldwide Income Opportunity Composite is compared to a four-part custom benchmark (25% MSCI World Index, 25% FTSE EPRA/NAREIT Developed Index, 25% Barclays Capital Global Treasury G7 Bond Index, 25% 3-Month T-Bill), which is rebalanced monthly.  The MSCI World Index represents large and mid-cap equity performance across 23 developed market countries, covering approximately 85% of the free float-adjusted market capitalization in each country. The FTSE EPRA/NAREIT Developed Index is designed to track the performance of listed real estate companies and REITS worldwide. The Barclays Capital Global Treasury G7 Bond Index tracks fixed-rate, local currency government debt of the U.S., Germany, U.K., Italy, France, Canada and Japan. The return of the 3-month Treasury bill is calculated by Citigroup each month and published in their Global Bond Index.  LIBOR stands for “London Inter-Bank Offered Rate.” It is the interest rate at which banks can borrow funds from other banks in the London inter-bank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association and is derived from a filtered average of the world’s most creditworthy banks’ interbank deposit rates for larger loans with maturities between overnight and one full year. All of the indices described above are unmanaged market indices.  The comparative index returns include reinvestment of income but do not include transaction costs or management fees.