Westwood Quality Smidcap Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.8%
1 yr return
24.4%
3 Yr Avg Return
6.1%
5 Yr Avg Return
10.4%
Net Assets
$163 M
Holdings in Top 10
22.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 106.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
WHGMX - Profile
Distributions
- YTD Total Return 10.8%
- 3 Yr Annualized Total Return 6.1%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.99%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWestwood Quality Smidcap Fund
-
Fund Family NameWestwood
-
Inception DateDec 19, 2005
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGrant Taber
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of small- and mid-cap companies. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund considers small-and mid-cap companies to be those companies within the market capitalization range of the Russell 2500® Index at the time of initial purchase. While the market capitalization range of the Russell 2500® Index changes throughout the year, it undergoes an annual reconstitution in June of each year. As of December 31, 2023, the market capitalization range of the companies in the index was between $16.8 million and $21.9 billion. The equity securities in which the Fund invests are primarily common stocks, but may also include shares of exchange-traded funds (“ETFs”), real estate investment trusts (“REITs”), and master limited partnerships (“MLPs”). The Fund generally invests in securities of domestic companies, but may also invest in equity securities of foreign companies and American Depositary Receipts (“ADRs”). In the event the Fund invests in foreign securities or ADRs, the Adviser expects that the Fund’s investment in such securities would normally represent less than 15% of the Fund’s assets.
The Fund invests in approximately 45-75 securities that are well diversified among market sectors. The Adviser utilizes a value style of investing to select securities for the Fund that it believes are undervalued,
generally maintain high-quality characteristics, and offer an attractive opportunity for price appreciation coupled with downside risk limitation. Value investing focuses on companies with stocks that appear undervalued in light of factors such as the company’s earnings, book values, revenues and cash flow. Key metrics for evaluating the risk/return profile of an investment may include strong free cash flow, an improving return on equity, a strengthening balance sheet and, in the case of common equities, positive earnings surprises without a corresponding change in the stock price. The Adviser has disciplines in place that serve as sell signals, such as a security reaching a predetermined price target, a change to a company’s fundamentals that makes the risk/return profile unattractive, or a need to improve the overall risk/return profile of the Fund. The Adviser will not necessarily sell a security that has appreciated or depreciated outside the Fund’s target capitalization range.
WHGMX - Performance
Return Ranking - Trailing
Period | WHGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.8% | -7.1% | 33.9% | 61.34% |
1 Yr | 24.4% | -1.6% | 51.7% | 49.30% |
3 Yr | 6.1%* | -17.8% | 23.8% | 38.07% |
5 Yr | 10.4%* | 0.2% | 25.5% | 73.48% |
10 Yr | 7.0%* | 3.3% | 13.7% | 85.92% |
* Annualized
Return Ranking - Calendar
Period | WHGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.3% | -12.9% | 28.8% | 40.85% |
2022 | -11.7% | -52.6% | 20.1% | 7.95% |
2021 | 4.1% | -43.8% | 32.4% | 78.26% |
2020 | 2.4% | -10.6% | 82.1% | 86.49% |
2019 | 15.2% | -8.5% | 37.5% | 81.21% |
Total Return Ranking - Trailing
Period | WHGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.8% | -7.1% | 33.9% | 61.34% |
1 Yr | 24.4% | -1.6% | 51.7% | 49.30% |
3 Yr | 6.1%* | -17.8% | 23.8% | 38.07% |
5 Yr | 10.4%* | 0.2% | 25.5% | 73.48% |
10 Yr | 7.0%* | 3.3% | 13.7% | 85.92% |
* Annualized
Total Return Ranking - Calendar
Period | WHGMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.8% | 1.2% | 31.3% | 25.07% |
2022 | -10.4% | -45.7% | 21.1% | 13.64% |
2021 | 20.4% | -30.2% | 52.8% | 80.29% |
2020 | 5.4% | -8.4% | 84.3% | 93.69% |
2019 | 29.4% | 1.0% | 43.4% | 34.08% |
NAV & Total Return History
WHGMX - Holdings
Concentration Analysis
WHGMX | Category Low | Category High | WHGMX % Rank | |
---|---|---|---|---|
Net Assets | 163 M | 728 K | 168 B | 72.55% |
Number of Holdings | 64 | 1 | 2714 | 67.23% |
Net Assets in Top 10 | 36.5 M | 399 K | 13.2 B | 71.99% |
Weighting of Top 10 | 22.19% | 0.5% | 100.0% | 41.01% |
Top 10 Holdings
- Littelfuse, Inc. 2.69%
- Chord Energy Corporation 2.36%
- Hubbell, Inc. 2.23%
- COPT Defense Properties REIT 2.22%
- Rambus, Inc. 2.17%
- Rexford Industrial Realty, Inc. 2.15%
- Cullen/Frost Bankers, Inc. 2.15%
- Alliant Energy Corporation 2.08%
- Summit Materials, Inc. Class A 2.07%
- Northern Oil and Gas, Inc. 2.07%
Asset Allocation
Weighting | Return Low | Return High | WHGMX % Rank | |
---|---|---|---|---|
Stocks | 98.96% | 0.86% | 100.69% | 36.13% |
Cash | 1.04% | 0.00% | 99.07% | 68.07% |
Preferred Stocks | 0.00% | 0.00% | 11.46% | 34.17% |
Other | 0.00% | -0.01% | 51.08% | 51.54% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 34.45% |
Bonds | 0.00% | 0.00% | 72.71% | 39.78% |
Stock Sector Breakdown
Weighting | Return Low | Return High | WHGMX % Rank | |
---|---|---|---|---|
Financial Services | 19.37% | 0.00% | 46.10% | 11.24% |
Industrials | 16.46% | 0.00% | 45.89% | 51.12% |
Consumer Cyclical | 12.12% | 2.49% | 46.48% | 60.11% |
Real Estate | 9.69% | 0.00% | 25.82% | 22.75% |
Technology | 9.45% | 0.00% | 40.65% | 90.73% |
Energy | 6.63% | 0.00% | 58.13% | 32.58% |
Healthcare | 6.49% | 0.00% | 24.06% | 91.01% |
Basic Materials | 6.10% | 0.00% | 16.35% | 44.38% |
Utilities | 5.75% | 0.00% | 18.97% | 23.88% |
Communication Services | 4.23% | 0.00% | 30.98% | 14.89% |
Consumer Defense | 3.71% | 0.00% | 32.18% | 65.45% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | WHGMX % Rank | |
---|---|---|---|---|
US | 98.96% | 0.86% | 100.69% | 34.73% |
Non US | 0.00% | 0.00% | 10.11% | 44.82% |
WHGMX - Expenses
Operational Fees
WHGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.03% | 19.40% | 45.92% |
Management Fee | 0.75% | 0.00% | 1.50% | 69.58% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.20% | 0.01% | 0.30% | 78.30% |
Sales Fees
WHGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
WHGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
WHGMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 106.00% | 0.00% | 304.00% | 93.40% |
WHGMX - Distributions
Dividend Yield Analysis
WHGMX | Category Low | Category High | WHGMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.87% | 0.00% | 29.78% | 21.29% |
Dividend Distribution Analysis
WHGMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
WHGMX | Category Low | Category High | WHGMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.99% | -2.06% | 3.38% | 19.15% |
Capital Gain Distribution Analysis
WHGMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.141 | OrdinaryDividend |
Dec 12, 2023 | $0.164 | CapitalGainShortTerm |
Dec 12, 2023 | $0.120 | CapitalGainLongTerm |
Dec 29, 2022 | $0.089 | OrdinaryDividend |
Dec 08, 2022 | $0.103 | CapitalGainLongTerm |
Dec 08, 2021 | $0.837 | CapitalGainShortTerm |
Dec 08, 2021 | $1.411 | CapitalGainLongTerm |
Dec 30, 2020 | $0.131 | OrdinaryDividend |
Dec 07, 2020 | $0.260 | CapitalGainLongTerm |
Dec 30, 2019 | $0.114 | OrdinaryDividend |
Dec 05, 2019 | $1.493 | CapitalGainLongTerm |
Dec 28, 2018 | $0.111 | OrdinaryDividend |
Dec 20, 2018 | $0.109 | CapitalGainShortTerm |
Dec 20, 2018 | $2.013 | CapitalGainLongTerm |
Dec 28, 2017 | $0.040 | OrdinaryDividend |
Dec 20, 2017 | $0.061 | CapitalGainShortTerm |
Dec 20, 2017 | $1.811 | CapitalGainLongTerm |
Dec 29, 2016 | $0.070 | OrdinaryDividend |
Dec 20, 2016 | $0.136 | CapitalGainLongTerm |
Dec 30, 2015 | $0.019 | OrdinaryDividend |
Dec 18, 2015 | $1.053 | CapitalGainLongTerm |
Dec 30, 2014 | $0.020 | OrdinaryDividend |
Dec 30, 2013 | $0.069 | OrdinaryDividend |
Dec 12, 2013 | $0.113 | CapitalGainShortTerm |
Dec 12, 2013 | $1.760 | CapitalGainLongTerm |
Dec 28, 2012 | $0.220 | OrdinaryDividend |
Dec 29, 2011 | $0.061 | OrdinaryDividend |
Dec 30, 2010 | $0.052 | OrdinaryDividend |
Dec 16, 2010 | $0.136 | CapitalGainLongTerm |
Dec 30, 2009 | $0.049 | OrdinaryDividend |
Dec 30, 2008 | $0.058 | OrdinaryDividend |
Dec 28, 2007 | $0.174 | OrdinaryDividend |
Dec 13, 2007 | $0.187 | CapitalGainShortTerm |
Dec 13, 2007 | $0.155 | CapitalGainLongTerm |
Dec 28, 2006 | $0.093 | OrdinaryDividend |
Dec 14, 2006 | $0.082 | CapitalGainShortTerm |
WHGMX - Fund Manager Analysis
Managers
Grant Taber
Start Date
Tenure
Tenure Rank
Apr 30, 2008
14.09
14.1%
Mr. Taber joined Westwood in 2008 and serves as a Senior Portfolio Manager and Analyst covering the Materials and Industrials sectors. He is a member of the Energy/Utilities and Technology/Industrials research groups. Mr. Taber began his career in New York at Bear Stearns, performing sell-side equity research. Subsequently, he moved to the buy-side as a Research Analyst with Bessemer Trust Company. Mr. Taber graduated from Texas Christian University with a BBA in Finance and Accounting, during which time he served in leadership of the William C. Conner Educational Investment Fund. Mr. Taber is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
Prashant Inamdar
Start Date
Tenure
Tenure Rank
Nov 30, 2013
8.5
8.5%
Mr. Inamdar joined Westwood in 2013, serves as a Portfolio Manager and is responsible for investment research of financial processors and the Health Care sector. Currently, he leads the Consumer/Health Care research group and is a member of the Financials research group. Prior to Westwood, Mr. Inamdar worked at Chilton Investment Company as Vice President, Research covering the health care sector. Before that, he was with Stark Investments in Milwaukee for nine years as a Generalist Research Analyst covering health care, software and the consumer sectors. Mr. Inamdar earned his bachelor’s degree in Electrical Engineering from the Indian Institute of Technology, his master’s degree in Business from the Indian Institute of Management, and his MBA with a concentration in Finance from Indiana University, Bloomington. He is a member of the CFA Institute.
William Costello
Start Date
Tenure
Tenure Rank
Sep 18, 2018
3.7
3.7%
Mr. Costello joined Westwood in 2010 and serves as Director of Equity Portfolios and Senior Portfolio Manager on the SmallCap Value portfolio team. He is also responsible for investment research within the Energy and Utilities sectors and is a member of the Energy/Utilities research group. Mr. Costello began his career with Investors Bank and Trust in 1992 and subsequently joined Delphi Management and The Boston Company. Mr. Costello earned an MBA from Boston University and a BA in Economics from Marietta College. He is a member of the CFA Institute, the Boston Security Analysts Society and the National Association of Petroleum Investment Analysts.
Kyle Martin
Start Date
Tenure
Tenure Rank
Apr 22, 2021
1.11
1.1%
Mr. Martin joined Westwood in 2016 and currently serves as a Vice President, Portfolio Manager on the SMidCap Value Portfolio and a Research Analyst responsible for coverage of Banks, Brokers, Exchanges and Autos. He is Head of the Financials research group and a member of the Technology/Industrials research group. He previously served as a Research Associate supporting the Financials and Energy/Materials research groups. Prior to joining Westwood, he was with Fidelity Investments as a Financial Analyst. Mr. Martin earned his MBA in Finance from Southern Methodist University and his BBA in Finance from Texas Tech University. Mr. Martin is a CFA Charterholder and member of the CFA Institute and the CFA Society of Dallas-Fort Worth.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.29 | 5.78 |