Westwood Alternative Income Instl (WMNIX)
| Fund Assets | 136.17M |
| Expense Ratio | 0.35% |
| Min. Investment | $100,000 |
| Turnover | 51.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 2.28% |
| Dividend Growth | -23.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 10.19 |
| YTD Return | 0.30% |
| 1-Year Return | 7.64% |
| 5-Year Return | 24.24% |
| 52-Week Low | 9.45 |
| 52-Week High | 10.19 |
| Beta (5Y) | 0.18 |
| Holdings | 133 |
| Inception Date | May 1, 2015 |
About WMNIX
Westwood Alternative Income Fund Institutional Shares is an open-end mutual fund focused on generating **absolute returns** through a combination of current income and capital appreciation. The fund is structured to maintain **low correlation** to traditional equity and core fixed income markets, seeking a differentiated return profile across market cycles. It allocates primarily to income-producing securities, including corporate credit and convertible instruments, and may use derivatives to refine risk and return characteristics. The strategy emphasizes **low volatility** relative to broader stock and bond markets and is categorized in the **relative value arbitrage** space, reflecting its use of opportunistic, valuation-driven positioning. Designed for institutional investors, it incorporates a performance-based advisory fee structure intended to align the management fee with the fund’s results versus a cash-plus benchmark. Within diversified portfolios, Westwood Alternative Income Fund Institutional Shares is often used as an **alternative income** and **diversifier** allocation alongside traditional equity and fixed income holdings.
Performance
WMNIX had a total return of 7.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.24%.
Top 10 Holdings
27.68% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGUXX | 4.86% |
| Snowflake Inc 0.0%, Due 10/01/2030 | SNOW.0 10.01.29 | 2.78% |
| Advanced Energy Industries, Inc. - Advanced Energy Industries Inc 2.500%, Due 09/15/28 | AEIS.2.5 09.15.28 | 2.71% |
| Alibaba Group Holding Ltd. - Alibaba Group Holding Ltd 0.50% Due 06/01/2031 | BABA.0.5 06.01.31 | 2.67% |
| Alnylam Pharmaceuticals Inc. - Alnylam Pharmaceuticals, Inc. 1.000%, Due 09/15/2027 | ALNY.1 09.15.27 | 2.61% |
| Parsons Corporation - Parsons Corp 2.625% Due 03/01/2029 | PSN.2.625 03.01.29 | 2.59% |
| Western Digital Corp. - Western Digital Corp 3.0%, Due 11/15/2028 | WDC.3 11.15.28 | 2.42% |
| OSI System Inc. - OSI Systems Inc 2.25%, Due 08/01/2029 | OSIS.2.25 08.01.29 | 2.38% |
| Seagate HDD Cayman 3.5% Due 6/1/2028 | STX.3.5 06.01.28 | 2.36% |
| Ionis Pharmaceuticals, Inc. - Ionis Pharmaceuticals Inc 1.75%, Due 06/15/28 | IONS.1.75 06.15.28 | 2.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.0279 | Dec 31, 2025 |
| Nov 26, 2025 | $0.0157 | Nov 28, 2025 |
| Oct 30, 2025 | $0.0119 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0078 | Sep 30, 2025 |
| Aug 28, 2025 | $0.0194 | Aug 29, 2025 |
| Jul 30, 2025 | $0.0212 | Jul 31, 2025 |