Alternative Income Fund

Alternative Income Fund

Strategy Description
The Westwood Alternative Income Fund aims to generate absolute returns through a combination of current income and capital appreciation with low correlation to equity and fixed income markets.

Fund Overview

  • Multi-strategy approach utilizes short duration high yield, convertible arbitrage and macro allocation to limit exposure to interest rates and other macroeconomic factors with low duration and a low risk profile.
  • Integrates a levered global convertible arbitrage strategy to potentially take advantage of market dislocations including earnings catalysts, credit ratings and mergers.
  • Seeks to enhance portfolio construction and reduce volatility risk through the active use of macro hedging strategies.
  • Potential for uncorrelated returns and attractive diversification benefits with traditional fixed income allocations and equity.
  • Incorporates Westwood Sensible Fees™ which attempts to achieve better alignment of fees and performance for investors.
Share Class*
Ticker Symbol
Inception Date
May 1, 2015
Net** / Gross Expense Ratio
0.99% / 1.40%
Distribution Frequency
Total Holdings (as of 9/30/21)
SEC 30-Day Yield (as of 9/30/21) subsidized / unsubsidized
1.28% / 1.06%
FTSE 1 Month Treasury
Related Materials
*For additional information for other share classes, click Related Materials.

**The advisor has contractually agreed to reduce fees and reimburse expenses until March 1, 2024.

Daily NAV
Daily Change
Daily % Change

Growth of a $10,000 Investment

Value as of xx/xx/xx

Assumes an initial investment of $10,000 was made on the fund's inception date of 05/01/2015. The growth of a $10,000 investment in the fund is hypothetical and for illustration only. It does not represent any actual investment.

Annualized Fund Performance
as of 12/31/2021

Trailing Year Performance YTD* 1-Yr
Alternative Income Fund Net of Fees 3.07% 3.07% 6.28% 3.93% --- 3.73%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The Fund charges a redemption fee of 1.00% as a percentage of shares redeemed that have been held less than 30 days. Investment performance does not reflect the redemption fee; if it was reflected, the total return would be lower than shown. For performance data current to the most recent month end, please call 877.FUND.WHG. *YTD figure is calculated as of the most recent month end.

Westwood Alternative Income Fund | Sensible Fees™ Illustration

*The Adviser has contractually agreed to reduce fees and reimburse expenses until March 1, 2024.

Management Fees have been restated to reflect contractual changes to the management fees paid by the Fund. As of November 1, 2019, Management Fees consist of a base fee at an annualized rate of 0.53% of the Fund’s average daily net assets, and a positive or negative performance adjustment of up to an annualized rate of 0.32% based on the Fund’s Institutional Shares’ performance relative to the FTSE 1-Month U.S. Treasury Bill Index plus 2.00%, resulting in a minimum total fee of 0.21% and a maximum total fee of 0.85%.

Potential Investor Benefits

Absolute Return Target

Aims to achieve an attractive return (net of fees) annualized over a full market cycle.

Potential for Lower Volatility

A portfolio designed to have low volatility relative to equity and fixed income markets.

Potential Uncorrelated Returns

Potential for uncorrelated returns and attractive diversification benefits with traditional equity and fixed income allocations.

Lower Fees

Utilizes Sensible Fees to change the probability of achieving better absolute net returns for active investors.

Alternative Income Fund Portfolio Managers

Adrian Helfert
Senior Vice President, Chief Investment Officer, Multi-Asset
Chris Hartman
Vice President, Portfolio Manager