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This Multiasset Income Fund Keeps Portfolio Slim

Bronze-rated Westwood Income Opportunity is not one of the highest yielders, but it is poised to deliver solid risk-adjusted results over the long run.


Jeff Holt: Multiasset income funds generally aim to provide investors with a diversified portfolio of income-paying securities. Investors that are interested in that objective may want to consider Bronze-rated Westwood Income Opportunity.

Like other multiasset income funds, Westwood Income Opportunity invests across multiple asset classes. In addition to traditional stocks and bonds, this fund invests in areas like preferred stock, master limited partnerships, REITs, and convertibles. Westwood CIO Mark Freeman has been at fund's helm since its 2005 inception, and he ultimately decides on the mix between these asset classes, but he does heavily rely on the bottom-up research from the firm's analysts.

Jeff Holt does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.