WFLEX — Westwood Flexible Income Fund

WFLEX Fund Overview

WFLEX — Westwood Flexible Income Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisors' Inner Circle Fund
• Category: Money Market
• Assets under management: $8.93M
• Ticker: WFLEX
• SEC CIK: 0000878719
• SEC series ID: S000063895
• Share class ID: C000206877

WFLEX Investment Objective and Strategy

Westwood Flexible Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund.

Investment objective

"The primary investment objective of the Westwood Flexible Income Fund (the ""Fund"") seeks to provide current income."

Principal investment strategy

"The Fund invests primarily in income-producing fixed income and equity securities, including exchange-traded funds (""ETFs"") that invest primarily in income-producing securities. Under normal circumstances, the Fund invests at least 65% of its net assets in fixed income securities and preferred stocks. The fixed income securities in which the Fund invests include U.S. dollar-denominated corporate bonds of both U.S. and non-U.S. companies, bank loans, mortgage-backed securities, municipal bonds, U.S. government securities, and money market instruments. The Fund may invest in bank loans in the form of participations in the loans (participations) and assignments of all or a portion of the loans from third parties (assignments). The Fund may invest in fixed income securities with any maturity, duration or credit quality, including securities rated below investment grade or, if unrated, deemed by the Adviser to be of comparable quality (""junk bonds"").

The preferred stocks in which the Fund invests include business development company (""BDC"") preferred securities. The Fund may invest up to 35% of its net assets in equity securities, other than preferred stocks. The equity securities, other than preferred stocks, in which the Fund invests include common stocks, convertible securities, master limited partnerships (""MLPs""), real estate investment trusts (""REITs""), BDCs and American Depositary Receipts (""ADRs""). The Fund may take long and short positions in equity securities, and may invest in companies with any market capitalization. The Fund may seek to generate income by writing (selling) ""covered"" call options on securities in which the Fund holds long positions, or writing (selling) ""covered"" put options on securities in which the Fund holds short positions.

In addition, the Fund may purchase options, and utilize other derivatives, principally futures and swaps (including credit default swaps), to hedge risks or enhance the returns of the Fund. In selecting securities to buy for the Fund, the Adviser employs a bottom-up research-focused investment process that seeks to identify securities with favorable risk/reward characteristics relative to other securities in a company's capital structure, and relative to other securities in its asset class. The Adviser may sell a security if it believes that the security no longer has favorable risk/reward characteristics, or it identifies a more attractive investment opportunity. Under normal circumstances, the Fund invests at least 25% of its assets in the financials sector. In addition, the Fund may, from time to time, focus its investments in one or more other sectors."

WFLEX Costs and Fees

WFLEX costs about $87 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.87%
• Gross expense ratio: 3.12%
• Portfolio turnover: 142%
• Brokerage commissions: 8.02 bps of average net assets (SEC N-CEN)

WFLEX Cashflows

Over the 12 months to 2020-01, Westwood Flexible Income Fund had net inflows of $5.33M, from monthly SEC N-PORT filings.

WFLEX Debt Constituents

No individual debt constituents are reported in Westwood Flexible Income Fund's latest SEC N-PORT filing.

WFLEX Prospectus and SEC Filings

Official Westwood Flexible Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-04-13
• Prospectus (485BPOS) — filed 2020-03-19
• Prospectus (485BPOS) — filed 2019-03-20
• Portfolio holdings (N-PORT) — filed 2020-03-31
• Portfolio holdings (N-PORT) — filed 2019-12-19
• Annual census (N-CEN) — filed 2020-01-14

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.