C000214661 Fees and Costs — Westwood Quality SmallCap Fund, Class A
Data updated: 2022-01-13
The net expense ratio is 1.04%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses, less a 0.24% fee waiver. This share class carries a maximum front-end sales load of 4.00%. In fiscal 2021 the fund paid $1.2M in broker commissions, 0.1306% of average net assets, and portfolio turnover was 67%.
C000214661 Fees and Expenses
Annual operating expenses and sales charges of C000214661. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000214661 Costs Over Time
On $10,000 invested in C000214661, assuming 5% a year before costs, total costs come to $1,211 over 5 years, cutting the return by 2.07% 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 |
| Sales charges | $400 | $400 | $400 |
| Fund expenses (net expense ratio 1.04%) | $105 | $327 | $565 |
| Trading costs (broker commissions) | $13 | $41 | $71 |
| Lost growth on money paid in costs | $20 | $81 | $175 |
| Total costs | $538 | $849 | $1,211 |
| Value after costs | $9,962 | $10,727 | $11,552 |
| Impact on return, per year | 5.38% | 2.63% | 2.07% |
C000214661 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): 0.1306%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $11.1M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
C000214661 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $1.2M | 100.00% |
C000214661 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $10.3M | 92.54% |
| BNY Mellon | $830K | 7.46% |
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.