WWEMX — Westwood Emerging Markets Fund
Data updated: 2020-06-25
WWEMX — Westwood Emerging Markets Fund. Emerging Markets Real Estate · $89.91M AUM · 1.22% expense ratio. Holdings, fees, performance and SEC filings.
WWEMX Fund Overview
WWEMX — Westwood Emerging Markets Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Emerging Markets Real Estate. 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: Emerging Markets Real Estate
- Assets under management: $89.91M
- Ticker: WWEMX
- SEC CIK: 0000878719
- SEC series ID: S000039429
- Share class ID: C000121527
WWEMX Investment Objective and Strategy
Westwood Emerging Markets 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 Emerging Markets Fund (the ""Fund"") is to seek long-term capital appreciation."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies. This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. The Fund considers a company to be an emerging market company if (i) at least 50% of the company's assets are located in emerging markets; (ii) at least 50% of the company's revenues are generated in emerging markets; or (iii) the company is domiciled in an emerging market. ""Emerging markets"" include countries in the MSCI Emerging Markets Index, and other countries that the Fund considers to be equivalent to those in that index based on their level of economic development or the size and experience of their securities markets.
The equity securities in which the Fund invests are primarily common stocks, but may also include exchange-traded funds (""ETFs""), American Depositary Receipts (""ADRs""), Global Depositary Receipts (""GDRs""), preferred stock, warrants and real estate investment trusts (""REITs""). Equity securities also include participatory notes, which are derivative instruments with economic characteristics similar to equity securities designed to replicate equity market exposure in certain foreign markets where direct investment is either impossible or difficult due to local investment restrictions. The Fund typically invests in companies with market capitalizations exceeding $500 million. The Fund invests in approximately 70-90 securities to achieve its investment objective. The Adviser utilizes a fundamental, bottom-up investment process and seeks to invest in securities of sound businesses that it believes are currently undervalued in the market and can generate positive and sustainable earnings growth and, thus, economic profits over time.
Key characteristics that the Adviser looks for in evaluating an investment may include management aligned with an Economic Value Added (""EVA"") philosophy, strong core franchise value, above average cash flow generation and consistency of earnings growth. The Adviser has disciplines in place that serve as sell signals, such as a security reaching its estimated fair value, an adverse change in a company's fundamentals, or when more attractive alternatives exist."
WWEMX Costs and Fees
WWEMX costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.23%
- Portfolio turnover: 51%
- Brokerage commissions: 15.48 bps of average net assets (SEC N-CEN)
WWEMX Cashflows
Over the 12 months to 2020-04, Westwood Emerging Markets Fund had net inflows of $148.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-04 | $8.58M |
| 2020-03 | $29.97M |
| 2020-02 | $40.70M |
| 2020-01 | $33.48M |
| 2019-12 | $6.86M |
| 2019-11 | $9.15M |
WWEMX Debt Constituents
No individual debt constituents are reported in Westwood Emerging Markets Fund's latest SEC N-PORT filing.
WWEMX Prospectus and SEC Filings
Official Westwood Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-19
- Prospectus (485BPOS) — filed 2019-03-20
- Prospectus (485BPOS) — filed 2018-03-20
- Portfolio holdings (N-PORT) — filed 2020-06-25
- Portfolio holdings (N-PORT) — filed 2020-03-31
- 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 Emerging Markets Real Estate funds tracked on ABC INVEST:
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.