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15 important things you should know about Westwood WWIAX mutual fund

Updated: September 18, 2020
50
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for WWIAX “stock” price, you can quickly find it out by visiting Finny and typing "WWIAX quote". If you’re looking for a quick scoop on WWIAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "WWIAX". You’ll get all this info in one place.

Are you looking to buy or sell WWIAX? Or perhaps you’re looking for WWIAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this WWIAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: WWIAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: WWIAX buy or sell; the pros and cons of investing in WWIAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to WWIAX.

And here is the list of questions we’ll answer:

  1. Describe Advisors' Inner Circle Fund: Westwood Income Opportunity Fund; A Class Shares (WWIAX).
  2. What are WWIAX holdings?
  3. What is WWIAX performance? What are WWIAX historical returns?
  4. How many up and down years did WWIAX have historically?
  5. What is WWIAX dividend yield?
  6. What is WWIAX minimum initial investment amount?
  7. What is WWIAX expense ratio?
  8. Does WWIAX have any sales loads or 12b-1 distribution expenses?
  9. What is WWIAX tax efficiency (tax-cost ratio)?
  10. What is WWIAX beta? How would you assess WWIAX risk?
  11. What is WWIAX Sharpe ratio?
  12. What is WWIAX Finny Score? WWIAX buy or sell?
  13. What are the pros of investing in WWIAX? What are WWIAX buy reasons?
  14. What are the cons of investing in WWIAX? What are WWIAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors' Inner Circle Fund: Westwood Income Opportunity Fund; A Class Shares (WWIAX).

The Fund seeks to provide a high level of current income. Under normal circumstances, the Fund invests primarily in dividend paying and/or interest bearing securities. The Fund will invest in dividend paying common stocks, preferred stocks, convertible securities, bonds and money market instruments.

2. What are WWIAX top holdings?

WWIAX has 31 stock holdings and 27 bond holdings.

The top 10 holdings represent 22.26% of total assets. Here are the top holdings:

Name Symbol % Assets
Barrick Gold Corp ABX.TO 3.03%
United States Treasury Notes 0.88% N/A 2.85%
Citrix Systems Inc. 3.3% N/A 2.60%
United States Treasury Notes 0.25% N/A 2.54%
Truist Financial Corporation 2.5% N/A 2.08%
United States Treasury Notes 0.38% N/A 1.98%
United States Treasury Notes 0.12% N/A 1.88%
Apple Inc AAPL 1.87%
Microsoft Corp MSFT 1.82%
The Home Depot Inc HD 1.61%

3. What is WWIAX performance? What are WWIAX historical returns?

WWIAX has generated the following returns:

  • 1-month return is 0.23%;
  • 3-month return is 5.42%;
  • 1-year return is 6.81%;
  • 3-year return is 6.21%;
  • 5-year return is 6.80%;
  • 10-year return is 7.02%.

4. How many up and down years did WWIAX have historically?

In the last 10 years, WWIAX had 8 up years and 2 down years. See Performances

5. What is WWIAX dividend yield?

WWIAX yield is 2.15%.

6. What is WWIAX minimum initial investment amount?

WWIAX minimum initial investment amount is N/A.

7. What is WWIAX expense ratio?

WWIAX expense ratio is 1.1%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does WWIAX have any sales loads or 12b-1 distribution expenses?

WWIAX 12b-1 distribution fee is 0.25. WWIAX front-end sales load is 3. WWIAX back-end sales load is 0.

9. What is WWIAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 5.73%;
  • 3-year ax cost ratio is 2.9%.

See Taxes

10. What is WWIAX beta? How would you assess WWIAX risk?

  • 3-year beta is 0.97;
  • 5-year beta is 0.95;
  • 10-year beta is 0.84.

See Risks

11. What is WWIAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.33;
  • 5-year Sharpe ratio is 0.44;
  • 10-year Sharpe ratio is 0.85.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.

13. What are the pros of investing in WWIAX? What are WWIAX buy reasons?

The following are WWIAX strengths from our perspective:

  • <strong>WWIAX 3-year return</strong> is 6.21%, which is higher than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.13%.
  • <strong>WWIAX 5-year return</strong> is 6.8%, which is higher than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.24%.
  • <strong>WWIAX 10-year return</strong> is 7.02%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.71%.

14. What are the cons of investing in WWIAX? What are WWIAX negatives?

The following are WWIAX weaknesses from our perspective:

  • <strong>WWIAX net assets</strong> are $57.70 million. This fund is not a popular choice with retail investors.
  • <strong>WWIAX expense ratio</strong> is 1.1%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 3%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the WWIAX review, we covered WWIAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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