Manager turnover continues to be a challenge for Westwood Income Opportunity. A manager departure and addition in December 2020 added to a bevy of recent changes, which included three other departures in just over two years. Given the strategy's flexible approach to multi-asset income investing, additional time and demonstrated stability would help build our confidence in the managers' ability to execute over the long haul. The fund maintains a Morningstar Analyst Rating of Neutral across all share classes.
Will WHGIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable WHGIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the WHGIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of WHGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.