C000034254 Fees and Costs — Westwood Quality Value Fund, Institutional Class
Data updated: 2022-01-13
The net expense ratio is 0.65%: a 0.60% management fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $89K in broker commissions, 0.0470% of average net assets, and portfolio turnover was 52%.
C000034254 Fees and Expenses
Annual operating expenses and sales charges of C000034254. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000034254 Costs Over Time
On $10,000 invested in C000034254, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $439 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
C000034254 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0470%
- Total broker commissions: $89K
- Bought from dealers (principal trades, not a cost): $43K
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
C000034254 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $89K | 100.00% |
C000034254 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $43K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.