WMNAX Performance — Westwood Alternative Income Fund, A Class
Data updated: 2026-09-28
WMNAX returned +4.20% year to date and +7.35% over one year to Jul 2026. Over one year the fund beat its Ultrashort Corporate Bond category average: $100 grew to $107, against $106 for the category. Volatility over the past 12 months was 1.86% a year. In the 12 months to Jul 2026 the fund took in a net $47.2M, and assets reached $180.90M.
WMNAX Growth of $100
What $100 invested in Westwood Alternative Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Corporate Bond category average over the same months.
| Period | WMNAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $106 |
| 3 years (Aug 2023 – Jul 2026) | $71 | $122 |
| Since data start (Nov 2021 – Jul 2026) | $38 | $126 |
WMNAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.20% |
| 1 year | +7.35% |
3- and 5-year figures withheld: returns differ from sibling classes.
WMNAX Annual Returns
Calendar-year total returns of Westwood Alternative Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.20% |
| 2025 | +4.32% |
| 2024 | −26.55% |
| 2023 | −25.98% |
| 2022 | −31.54% |
| 2021 (Nov–Dec) | −6.21% |
WMNAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.2% | +0.5% | −0.4% | +1.4% | +0.9% | +0.4% | +0.1% | — | — | — | — | — |
| 2025 | −2.1% | +0.6% | +0.4% | +0.6% | +0.4% | +0.7% | +0.7% | +0.7% | +1.2% | +0.8% | −0.1% | +0.4% |
| 2024 | −3.0% | −2.7% | −2.3% | −3.3% | −2.5% | −2.5% | −1.8% | −1.8% | −2.0% | −3.0% | −2.4% | −3.1% |
| 2023 | −1.9% | −3.5% | −2.0% | −2.5% | −3.1% | −2.5% | −2.4% | −2.8% | −3.0% | −3.5% | −1.1% | −1.3% |
| 2022 | −3.5% | −3.4% | −3.3% | −3.7% | −3.4% | −4.4% | −1.6% | −2.6% | −4.3% | −2.5% | −2.1% | −2.4% |
| 2021 | — | — | — | — | — | — | — | — | — | — | −3.5% | −2.8% |
WMNAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 1.86%
- Best month: +1.42% (Apr 2026)
- Worst month: −0.37% (Mar 2026)
WMNAX Fund Flows
Monthly money in and out of Westwood Alternative Income Fund, from SEC Form N-PORT.
- 12-month net flow: $47.2M
- 12-month gross sales (incl. reinvestments): $76.2M
- Sales ÷ redemptions: 2.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $10.6M | $1.5M | $9.0M |
| Jun 2026 | $9.3M | $1.1M | $8.2M |
| May 2026 | $3.8M | $2.2M | $1.6M |
| Apr 2026 | $4.3M | $1.7M | $2.6M |
| Mar 2026 | $7.0M | $1.6M | $5.4M |
| Feb 2026 | $6.6M | $2.3M | $4.3M |
| Jan 2026 | $5.7M | $2.6M | $3.1M |
| Dec 2025 | $7.7M | $2.4M | $5.2M |
| Nov 2025 | $7.3M | $3.2M | $4.0M |
| Oct 2025 | $8.0M | $5.9M | $2.1M |
| Sep 2025 | $3.1M | $2.0M | $1.1M |
| Aug 2025 | $2.8M | $2.4M | $403K |
WMNAX Assets Under Management
Net assets of Westwood Alternative Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $180.90M |
| 2026-04-30 | $159.97M |
| 2026-01-31 | $146.06M |
| 2025-10-31 | $132.41M |
| 2025-07-31 | $125.76M |
| 2025-04-30 | $150.52M |
| 2025-01-31 | $127.61M |
| 2024-10-31 | $123.38M |
| 2024-07-31 | $117.80M |
| 2024-04-30 | $114.79M |
| 2024-01-31 | $121.34M |
| 2023-10-31 | $141.47M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.