Fund Evaluator:

Westwood Multi-Asset Income Instl Overview

Westwood Multi-Asset Income Instl (WHGHX) is an actively managed Allocation Conservative Allocation fund. Westwood launched the fund in 2011.

The investment seeks to maximize total return through a high level of current income and capital appreciation. The fund has flexibility to achieve its investment objective and invests in a broad range of income-producing securities, including debt and equity securities in the U.S. and other markets throughout the world, both developed and emerging. Under normal circumstances, it invests at least 80% of its net assets in securities of U.S. issuers. U.S. issuers include the U.S. government and its agencies and instrumentalities. The fund has a neutral allocation of 80% of its total assets in debt securities and 20% of its total assets in equity securities.

About Westwood Multi-Asset Income Instl (WHGHX)

There are 3 members of the management team with an average tenure of 6.05 years: P. Adrian Helfert (2019), Scott Barnard (2020), Hussein Adatia (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 3 primary benchmarks: Russell 3000 TR USD index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 80% and S&P 500 (TR) (1970) index with a weighting of 20%. Westwood Multi-Asset Income Instl has 159 securities in its portfolio. The top 10 holdings constitute 19.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Westwood Multi-Asset Income Instl is part of the Allocation global asset class and is within the Allocation fund group. Westwood Multi-Asset Income Instl has 8.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 19.3%. There is 2.6% allocated to foreign stock, and 5.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 67.5% (61.2% domestic bond, 6.3% foreign bond and 2.8% convertible bond). Westwood Multi-Asset Income Instl has 2.9% of the portfolio in cash.

Assets Under Management

The fund has $109 million in total assets, which is above the $107 million average for the Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

WHGHX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Westwood Multi-Asset Income Instl expense ratio is below average compared to funds in the Conservative Allocation category. Westwood Multi-Asset Income Instl has an expense ratio of 0.27%, which is 77% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Westwood Multi-Asset Income Instl has a portfolio turnover rate of 66%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 100% for the Conservative Allocation category.

Recently, in the month of July 2026, Westwood Multi-Asset Income Instl returned -0.2%, which earned it a grade of A, as the Conservative Allocation category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Westwood Multi-Asset Income Instl has a trailing yield of 5.66%, which is above the 3.43% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Westwood Multi-Asset Income Instl Grades

Year to date, the fund has returned 3.9%, 1.2 percentage points better than the category, which translates into a grade of A. The fund has returned 9.2% over the past year (grade of B), 9.4% over the past three years (grade of A) and 4.5% per year over the past five years (grade of A) and 6.0% per year over the past 10 years (grade of A).

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