Westwood Short Duration High Yield Fund targets high-yield investments

By Toni Weeks

San Diego, March 1 - Westwood Holdings Group, Inc. announced it has launched a new mutual fund that will allow investors to capture high current income by investing principally in non-investment-grade debt.

According to a press release, the Westwood Short Duration High Yield Fund's investments will have expected maturities of three years or less. The fund's goal is to generate a high level of current income with lower volatility than the broader high-yield market.

"Today's market environment of historically low yields and high volatility has been very challenging for investors seeking current income in their portfolios," Mark Dunbar, senior vice president of marketing, said in the release. "The Westwood Short Duration High Yield Fund offers a potential solution for investors who are looking for yield but do not want added volatility."

The fund has launched with institutional class shares, which trade under the symbol "WHGHX." The fund's total expenses ratio is capped at 0.9% due to a one-year fee waiver.

The fund's investment adviser, Westwood Management Corp., has dual offices in Dallas and Omaha.

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