Multi-Asset Income Fund

Multi-Asset Income Fund

Strategy Description
The Westwood Multi-Asset 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
0.72% / 0.79%
Distribution Frequency
Total Holdings (as of 3/31/24)
SEC 30-Day Yield*** (as of 3/31/24) subsidized / unsubsidized
5.83% / 5.74%
Blended Benchmark
Account Access and Related Materials

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

***The subsidized SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced.

*For additional information for other share classes, click Account Access and Related Materials.

**The advisor has contractually agreed to reduce fees and reimburse expenses until March 1, 2025. 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 03/31/2024

Trailing Year Performance YTD* 1-Yr
Multi-Asset Income Fund Net of Fees 2.20% 10.64% 2.03% 5.48% 4.05% 4.29%

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 Multi-Asset Income Fund | Sensible Fees™ Illustration

*The Adviser has contractually agreed to reduce fees and reimburse expenses until March 1, 2025.

The Base Fee is an annual rate of 0.38%. The Index Hurdle is the Blended 80/20 Bloomberg U.S. Aggregate Bond Index/S&P 500® Index plus 1.00%. The Performance Adjustment is calculated according to a schedule that adds or subtracts 0.0032% of the Institutional Shares’ average daily net assets for each 0.01% by which the performance of the Institutional Shares exceeds or lags the performance of the Index hurdle over the Performance Period. The maximum Performance Adjustment (positive or negative) will not exceed an annual rate of +/- 0.32% of the Institutional Shares’ average daily net assets during the performance Period, which would occur when the performance of the Institutional Shares exceeds, or is exceeded by, the performance of the Index Hurdle by 1.00% over the Performance Period. Accordingly, the management fee will range from a minimum annual rate of 0.06% to a maximum annual rate 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

Multi-Asset Income Fund Portfolio Managers