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Wednesday, March 30, 2011

Westwood's Small-MidCap Team Powers Another Fund

News summary by MFWire's editors

Westwood Holdings Group's [see profile] newest mutual fund may look a bit familiar to fundsters. Yesterday the Dallas-based mutual fund firm revealed the launch of its WHG SMidCap Plus Fund, run by the same team running the WHG SMidCap Fund, which just closed to new investors [see filing].

Banking Business Review reported on the launch.

The Westwood SMidCap PM team includes: vice president and research analyst Thomas Lieu; vice president and investment strategist David Spika; senior vice president and product director Ragen Stienke; vice president and research analyst Grant Taber; and vice president and research analyst Graham Wong.

Westwood offers institutional shares only for the new fund, with total expenses capped 100 basis points at least through February 2013. DST serves as the new fund's transfer agent, U.S. Bank as its custodian, Ernst & Young as its accounting firm and Morgan, Lewis & Bockius as legal counsel. The fund is part of SEI's Advisors' Inner Circle Fund. (SEI distributes the fund.)


Company Press Release

DALLAS--Westwood Holdings Group, Inc. (NYSE: WHG) announced the launch of the WHG SMidCap Plus Fund (WHGPX). The new mutual fund is managed by the same Westwood investment team as the WHG SMidCap Fund (WHGMX), which was recently closed to new investors due to the successful growth of Westwood's SMidCap strategy.

The new WHG SMidCap Plus Fund will offer investors a complementary strategy that considers small- and mid-cap companies with market capitalizations between $2 billion and $15 billion. Small to mid size companies have been an attractive area of the stock market and Westwood has a long term track record of investing in these securities.

The WHG SMidCap Plus Fund will be offered in an institutional share class with a total expense ratio capped at 1.00%. Fee waivers are contractual through February 28, 2013. The total annual operating expense would otherwise be 1.82%. The fund may be purchased directly from the fund or through third party mutual fund platforms.

About Westwood

Westwood Holdings Group, Inc. manages investment assets and provides services for its clients through two subsidiaries, Westwood Management Corp. and Westwood Trust. Westwood Management Corp. is a registered investment advisor and provides investment advisory services to corporate pension funds, public retirement plans, endowments, foundations, the WHG Funds, other mutual funds and clients of Westwood Trust. Westwood Trust provides trust services and participation in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. trades on the New York Stock Exchange under the symbol “WHG.”

For more information on Westwood, please visit www.westwoodgroup.com.

For more information on the WHG Funds, please visit www.whgfunds.com.

Mutual fund investing involves risk including loss of principal. There is no assurance that the fund will meet its stated objectives. There are specific risks inherent in small cap investing such as greater share price volatility as compared to other funds that invest in stocks of companies with larger and potentially more stable market capitalizations.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 1-877-FUND-WHG or by visiting our website at www.whgfunds.com. Please read the prospectus carefully before investing.

The WHG Funds are distributed by SEI Investments Distribution Co. which is not affiliated with Westwood Management Corp. or its affiliates. 

Edited by: Neil Anderson, Managing Editor


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