Westwood Holdings Group last week announced that the Westwood Income Opportunity mutual fund has surpassed $1 billion in assets. The fund is available in an institutional share class (WHGIX) and an A share class (WWIAX).

The fund bets on a diversified group of income-producing asset classes including dividend-paying common stock, preferred stock, convertible securities, government and corporate debt securities, money market instruments, royalty trusts, master limited partnerships and real estate investment trusts.

The fund was launched in December 2005 and is managed by Mark Freeman and Todd Williams.

“This is truly a remarkable achievement as only 6% of mutual funds have assets greater than $1 billion,” stated Brian Casey, Westwood’s president and chief executive officer.

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