Westwood Holdings Group (NYSE: WHG) introduced its first multi‑asset income‑focused exchange‑traded fund, the Westwood Enhanced Income Opportunity ETF (ticker: YLDW), on December 12, 2025. The new fund expands the company’s Enhanced Income Series by adding a disciplined multi‑asset allocation that blends equities, fixed‑income, and alternative assets with a covered‑call overlay designed to generate current income and potential capital appreciation.
YLDW builds on Westwood’s existing income‑focused ETFs—MDST, which launched on April 8, 2024, and WEEI, which launched on April 30, 2024—by offering a broader asset mix. The strategy applies covered‑call writing to the portfolio, aiming to enhance yield while preserving the transparency and liquidity that investors expect from an ETF. The fund’s expense ratio is 0.79%, a competitive level for multi‑asset income products.
The launch comes as Westwood’s ETF platform has recently surpassed $200 million in assets under management, a milestone that underscores the firm’s growing presence in the income‑seeking market. For context, MDST had $166.32 million in AUM as of September 30, 2025, and WEEI had $31.7 million at the same date, indicating steady growth across the series. YLDW began trading on December 10, 2025, and the announcement on December 12 signals the company’s confidence in the product’s market fit.
Adrian Helfert, Chief Investment Officer of Westwood’s Alternative and Multi‑Asset Portfolios, said the launch “marks an important milestone for Westwood as the first of our multi‑asset strategies to join the Enhanced Income Series™ ETFs. Our team focuses on income‑oriented strategies that balance current income generation with prudent risk management. YLDW leverages this approach while adding an enhanced income component through covered calls—creating a compelling opportunity for investors seeking robust income solutions.”
Brian Casey, CEO of Westwood Holdings Group, added that the company will continue to seek “white space” in the ETF world, noting that the new product demonstrates Westwood’s commitment to providing innovative investment tools that fit within its broad capabilities. The launch positions Westwood to capture a larger share of the growing demand for income‑focused ETFs, reinforcing its competitive stance in a market where investors increasingly seek yield without sacrificing liquidity or transparency.
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