Objective
The Westwood Broadmark Tactical Growth Fund (the Fund) seeks to produce above-average, risk-adjusted returns, in any market environment, while exhibiting less downside volatility than the S&P 500® Index.
Fund Overview
Prior to January 1, 2019, the fund compared its performance to the S&P 500® Index. After this date, to better reflect the universe of investment opportunities based on the fund’s investment strategy, the fund added the HFRX Equity Hedge Index as the benchmark to which the fund compares its performance.
Assumes an initial investment of $10,000 was made on the fund's inception date of 09/14/2009. The growth of a $10,000 investment in the fund is hypothetical and for illustration only. It does not represent any actual investment.
| Trailing Year Performance | YTD* | 1-Yr Trailing |
3-Yrs Trailing |
5-Yrs Trailing |
10-Yrs Trailing |
Since Inception |
|---|---|---|---|---|---|---|
| Tactical Growth Fund Net of Fees | 2.61% | 5.85% | 0.41% | 3.80% | 3.36% | 3.65% |
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.
Prior to January 1, 2019, the fund compared its performance to the S&P 500® Index. After this date, to better reflect the universe of investment opportunities based on the fund’s investment strategy, the fund added the HFRX Equity Hedge Index as the benchmark to which the fund compares its performance.
| Week Ending | Gross Market Exposure | Net Market Exposure |
|---|---|---|
| 10/02/2023 | +49.83% | -2.02% |
| 10/09/2023 | +49.25 | -1.48 |
| 10/16/2023 | +49.31% | -1.62% |
| 10/23/2023 | +45.70% | -5.95% |
| 10/30/2023 | +46.06% | -5.53% |
| 11/06/2023 | +46.24% | -4.50% |
| 11/13/2023 | +42.54% | +0.52% |
| 11/20/2023 | +42.29% | +1.63% |
| 11/27/2023 | +42.82% | +1.81% |
| 12/04/2023 | +43.75% | +2.13% |
| 12/11/2023 | +47.64% | +4.87% |
| 12/18/2023 | +51.85% | +8.37% |
| 12/26/2023 | +52.97% | +8.67% |
Gross exposure is the value of all of the portfolio’s holdings (long and short positions), excluding the value of the portfolio’s net cash and cash equivalent holdings. Net exposure is the value of the portfolio’s long holdings, minus the value of the portfolio’s short portions and excluding the value of the portfolio’s net cash and cash equivalent holdings.
| Fund | Benchmark | |
|---|---|---|
| Beta | 0.45 | 1.00 |
| Correlation | 0.63 | 1.00 |
| Standard Deviation | 5.77 | 8.00 |
Data since Fund inception (9/14/09 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.
RISKS
There are risks involved with investing, including loss of principal. Past performance does not guarantee future results, share prices will fluctuate and you may have a gain or loss when you redeem shares. Borrowing for investment purposes creates leverage, which can increase the risk and volatility of a fund. Debt securities are subject to interest rate risk. If interest rates increase, the value of debt securities generally declines. Debt securities with longer durations tend to be more sensitive to changes in interest rates and more volatile than securities with shorter durations. Derivative instruments involve risks different from those associated with investing directly in securities and may cause, among other things, increased volatility and transaction costs or a fund to lose more than the amount invested. Investing in exchange-traded funds (ETFs) will subject a fund to substantially the same risks as those associated with the direct ownership of the securities or other property held by the ETFs. Foreign securities, especially emerging or frontier markets, will involve additional risks including exchange rate fluctuations, social and political instability, less liquidity, greater volatility and less regulation. Short selling involves additional investment risks and transaction costs, and creates leverage, which can increase the risk and volatility of a fund. Investing in smaller companies generally will present greater investment risks, including greater price volatility, greater sensitivity to changing economic conditions and less liquidity than investing in larger, more mature companies. Alternative strategies typically are subject to increased risk and loss of principal. Consequently, investments such as mutual funds which focus on alternative strategies are not suitable for all investors. Diversification does not assure profit or protect against risk. HFRX Equity Hedge Index is comprised of private funds with strategies that maintain both long and short positions primarily in equity securities and equity derivatives. S&P 500 Index is an unmanaged index of 500 common stocks chosen to reflect the industries in the U.S. economy. One cannot invest directly in an index. Alpha is a coefficient measuring risk-adjusted performance. Beta is a measure of risk that shows a fund’s volatility relative to its benchmark index. 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. Drawdown is the gradual decline in the price of a security or other investment between its high and low over a given period.
Westwood Funds are distributed by Ultimus Fund Distributors, LLC. (Member FINRA) Ultimus Fund Distributors and Westwood Funds (or Westwood Holdings Group, Inc.) are separate and unaffiliated.
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which may be obtained by calling +1 (877) FUND-WHG (+1 (877) 386-3944). Please read the prospectus carefully before investing.
