Real Estate Income Fund

Real Estate Income Fund

Objective

The Fund seeks high current income and potential for modest long-term growth of capital.

Fund Overview

  • Offers access to a professionally managed portfolio of preferred shares and senior securities that may provide income-oriented investors an opportunity to own the preferred equity and bonds of public real estate companies at what we feel are attractive yields and the potential for inflation protected income.
  • Also invests in real estate investment trust (REIT) common stocks and may seek opportunities in small capitalization REITs, as well as utilize portfolio leverage in pursuit of its objectives. While the focus is on preferred/senior securities, the allocation may shift based on market conditions.
  • The team employs a rigorous, repeatable, bottom-up investment approach that incorporates both quantitative and qualitative analyses of companies’ cash flow, assets, and management to identify securities with the most risk-adjusted appreciation potential.
  • The team adjusts to changing market fundamentals through sector and geographic rotation, employs active stock selection and leverages the team’s experience in real estate security portfolio management.
Share Class*
Institutional
Ticker Symbol
KIFYX
CUSIP
90386K779
Inception Date
28th April 2006
Net** / Gross Expense Ratio
0.91% / 1.01%
Distribution Frequency
Quarterly
Total Holdings (as of 12/31/23)
49
SEC 30-Day Yield***
(as of 12/31/23)
5.41% / 5.46%
Benchmark
ICE BofAML Fixed Rate Preferred Securities Index
Account Access and Related Materials

*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 April 30, 2025. In the absence of current fee waivers, total return and yield would be reduced. During the fiscal year ending October 31, 2024, the Adviser expects to recoup previous fee reductions and expense reimbursements to the extent allowed.



***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.

Daily NAV
$17.78
Daily Change
0.11
Daily % Change
0.623%

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 04/28/2006. 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
Trailing
3-Yrs
Trailing
5-Yrs
Trailing
10-Yrs
Trailing
Since
Inception
Real Estate Income Fund Net of Fees -0.85% 11.11% 2.38% 2.99% 4.11% 4.90%

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 current to the most recent month end, please call +1 (877) FUND-WHG. *YTD figure is calculated as of the most recent month end.


Real Estate Income Fund
Property Sector Diversification (%)

Tap chart to show detail
Data as of December 31, 2023. Holdings are subject to change. Information is for the institutional share class only; other classes may vary. Diversification does not protect against market loss. There can be no assurance that the Fund will achieve its stated objective. The summation of percentages reported may not equal 100% due to rounding discrepancies. Copyright © 2025 Westwood Funds

Westwood Real Estate Income Fund (KIFYX)

Source: Morningstar. Data since Fund inception (4/28/06 through 12/31/23)

Past performance does not guarantee future results.
Large Cap Stocks- S&P 500® Index; Government Bonds – Bloomberg U.S. Treasury Bond Index; Corporate Bonds – Citi U.S. BIG Bond Index; High Yield Bonds – ICE BoAML U.S. High Yield Master II Index.

Risk Characteristics

  Fund Benchmark
Beta 0.98 1.00
Correlation 0.73 1.00
Standard Deviation 17.72 13.31

Data since Fund inception (4/28/06 through 12/31/23)

Beta is a measure of risk that shows a fund’s volatility relative to its benchmark index. Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g., depreciation) and interest expense to pretax income. Correlation is a statistical measure of the interdependence of two random variables that range in value from -1 to +1, indicating perfect negative correlation at -1, absence of correlation at zero and perfect positive correlation at +1. Standard deviation measures the degree to which a fund’s return varies from its previous returns for from the average of all similar funds.
Past performance does not guarantee future results.

Real Estate Income Fund Portfolio Managers