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.

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