Westwood Holdings Group, Inc. has rolled out the Westwood Short Duration High Yield Fund, which will bet on non-investment grade debt with expected maturities of three years or less.

The fund is sub-advised by SKY Harbor Capital Management, LLC, a registered investment adviser, based in Greenwich, CT. It will be offered in an institutional share class with a total expense ratio capped at 90 basis points.

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

Brian Casey, Westwood’s President & CEO, added, “We are very pleased to expand our relationship with the principals of SKY Harbor. We have worked with Hannah Strasser, Anne Yobage and Tom Kelleher for over fourteen years via their management of a traditional high yield fund offered to our private wealth clients.”

Hung Tran writes for Money Management Executive.