Westwood Alternative Income Fund Institutional Shares (WMNIX)
| Fund Assets | 146.06M |
| Expense Ratio | 0.35% |
| Min. Investment | $100,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.44% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | n/a |
| YTD Return | 1.67% |
| 1-Year Return | 8.11% |
| 5-Year Return | 23.09% |
| 52-Week Low | 9.54 |
| 52-Week High | 10.30 |
| Beta (5Y) | 0.18 |
| Holdings | 206 |
| 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 8.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.31%.
Top 10 Holdings
27.95% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligs U | n/a | 4.91% |
| 5 Year Treasury Note Future Mar 26 | n/a | 4.23% |
| OSI System Inc. 2.25% | OSIS.2.25 08.01.29 | 2.52% |
| Advanced Energy Industries, Inc. 2.5% | AEIS.2.5 09.15.28 | 2.51% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 2.49% |
| Recv Westerndigital - Trs | n/a | 2.41% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 2.28% |
| Recv Seagate Tech-Tr | n/a | 2.27% |
| Granite Construction Inc 3.25% | GVA.3.25 06.15.30 | 2.17% |
| Ionis Pharmaceuticals, Inc. 1.75% | IONS.1.75 06.15.28 | 2.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0194 | Jan 30, 2026 |
| 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 |