About WMNIX
Westwood Alternative Income Fund Institutional Shares is a mutual fund designed to generate absolute returns through a combination of current income and capital appreciation, featuring low correlation to traditional equity and fixed income markets. It employs a multi-strategy approach centered on convertible arbitrage, which exploits pricing imbalances in convertible securities—hybrid instruments blending bond-like income with equity upside potential—alongside short-duration yield opportunities in corporate fixed income and tactical cash positions. The fund's portfolio typically includes holdings such as U.S. Treasury futures, government obligations, and convertible bonds from sectors like technology, healthcare, and entertainment, with a focus on issuers exhibiting solid balance sheets. This institutional share class targets sophisticated investors with a minimum initial investment, emphasizing low volatility, diversification benefits, and uncorrelated performance relative to broader market benchmarks like the FTSE 1-Month U.S. Treasury Bill Index. Managed by Westwood, the fund prioritizes prudent risk management through active delta hedging and security selection in volatile environments. Launched in 2015, it serves as an alternative investment vehicle for those seeking stable absolute returns in uncertain markets.
Fund Family Westwood
Category Relative Value Arbitrage
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol WMNIX
Share Class Institutional Shares
Index FTSE 1-Month Treasury Bill
WMNIX had a total return of 3.64% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.29%.
