WSCIX — Westwood Strategic Global Convertibles Fund

WSCIX Fund Overview

WSCIX — Westwood Strategic Global Convertibles Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Preferred / Convertible Bond. 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: Preferred / Convertible Bond
• Assets under management: $38.88M
• Ticker: WSCIX
• SEC CIK: 0000878719
• SEC series ID: S000049018
• Share class ID: C000154541

WSCIX Investment Objective and Strategy

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

Investment objective

"The investment objective of the Westwood Strategic Convertibles Fund (the ""Fund"") is to seek to provide total return through a combination of capital appreciation and current income."

Principal investment strategy

"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in convertible securities. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. Convertible securities include, but are not limited to, corporate bonds, debentures, notes or preferred stocks and their hybrids that can be converted into (exchanged for) common stock or other securities, such as warrants or options, which provide an opportunity for equity participation. The Fund may also invest in equity securities and non-convertible fixed income securities, and may invest in securities of any market capitalization, 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 Fund may invest in U.S. and non-U.S. (including both developed and emerging market) companies. The Fund may invest in derivative instruments, such as futures contracts, forward contracts, options and swaps to seek to hedge risks such as issuer, equity market, credit, interest rate and foreign currency risks, or enhance the returns of the Fund. The Adviser seeks to identify undervalued convertible securities by utilizing quantitative tools and fundamental research to assess a security's income characteristics, liquidity, credit quality, volatility and equity value. The Adviser seeks to invest in companies with strong business models, quality management, and favorable financial conditions. The Adviser will consider selling a convertible security when it believes that the security is no longer undervalued, or there are unfavorable changes in the fundamentals of the underlying company or the structure of the convertible security.

The Fund may buy and sell securities frequently, which could result in a high portfolio turnover rate."

WSCIX Costs and Fees

WSCIX costs about $86 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.86%
• Gross expense ratio: 2.64%
• Portfolio turnover: 175%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

WSCIX Cashflows

Over the 12 months to 2019-10, Westwood Strategic Global Convertibles Fund had net inflows of $1.51M, from monthly SEC N-PORT filings.

WSCIX Debt Constituents

No individual debt constituents are reported in Westwood Strategic Global Convertibles Fund's latest SEC N-PORT filing.

WSCIX Prospectus and SEC Filings

Official Westwood Strategic Global Convertibles Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-03-20
• Prospectus (485BPOS) — filed 2018-03-20
• Prospectus (485BPOS) — filed 2017-08-04
• Portfolio holdings (N-PORT) — filed 2019-12-19
• Annual census (N-CEN) — filed 2020-01-14
• Annual census, amended (N-CEN/A) — filed 2019-04-24

Related Funds

Other Preferred / Convertible Bond funds tracked on ABC INVEST:

• American Century Quality Convertible Securities ETF (QCON)
• Virtus InfraCap Preferred and Income Securities ETF (VPFF)
• JPMorgan Preferred and Income Securities ETF (JPRF)
• T-Strive Digital Credit Preferred Income ETF (DCAP)

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.