High Income Fund

High Income Fund

Strategy Description
The Westwood High Income Fund aims to provide investors high and consistent income with capital appreciation potential.

Fund Overview

  • Multi-asset approach utilizes primarily non-investment grade corporate bond exposure, coupled with modest equity exposure
    in order to generate both investment income and capital appreciation.
  • Enhances portfolio construction and diversifies return sources through both traditional fixed income and equity investments.
  • Aligns our bottom-up fundamental credit analysis and security selection with our top-down asset allocation views to find high quality opportunities across sectors and navigate market risks.
  • Incorporates Westwood Sensible Fees™ which attempts to achieve better alignment of fees and performance for investors.
Share Class*
Ticker Symbol
Inception Date
December 28, 2011
Net** / Gross Expense Ratio
0.40% / 0.59%
Distribution Frequency
Total Holdings (as of 9/30/21)
SEC 30-Day Yield (as of 9/30/21) subsidized / unsubsidized
2.79% / 2.66%
Blended Benchmark
Related Materials

Blended Benchmark is 80% Bloomberg Barclays U.S. Aggregate Bond Index and 20% S&P 500 Index.

*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. In the absence of current fee waivers, total return and yield would be reduced.

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 12/28/2011. 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
High Income Fund Net of Fees 7.24% 7.24% 10.48% 7.11% 5.15% 5.15%

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. For performance data as of the most recent month end, please call 1.877.FUND.WHG. *YTD figure is calculated as of the most recent month end.

Westwood High 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 0.38% 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 Blended 80/20 Bloomberg Barclays U.S. Aggregate Bond Index/S&P 500 Index plus 1.00%, resulting in a minimum total fee of 0.06% and a maximum total fee of 0.70%.

Potential Investor Benefits

Potential High Yield Bond Complement

Potential Multi-Asset Income

Potential Retirement Income

Potential Complement to Multi-Sector Credit and Core Plus Fixed Income

High Income Fund Portfolio Managers

Adrian Helfert
Senior Vice President, Chief Investment Officer, Multi-Asset
Scott Barnard, CFA
Vice President, Portfolio Manager
Hussein Adatia
Vice President, Research Analyst & Portfolio Manager