C000218777 Fees and Costs — Westwood High Income Fund, Class C
Data updated: 2022-01-13
The net expense ratio is 1.21%: a 0.11% management fee, a 1.00% 12b-1 fee plus 0.44% other expenses, less a 0.34% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $36K in broker commissions, 0.0423% of average net assets, and portfolio turnover was 130%.
C000218777 Fees and Expenses
Annual operating expenses and sales charges of C000218777. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.11% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| 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 |
C000218777 Costs Over Time
On $10,000 invested in C000218777, assuming 5% a year before costs, total costs come to $779 over 5 years, cutting the return by 1.31% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $235 | $429 | $779 |
| Value after costs | $10,265 | $11,147 | $11,983 |
| Impact on return, per year | 2.35% | 1.31% | 1.31% |
C000218777 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): 0.0423%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $58.5M
- Portfolio turnover (prospectus): 130%
- Securities lending: none during the year
C000218777 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $36K | 100.00% |
C000218777 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPM CHASE | $221.6M | 51.83% |
| WELLS FARGO BROKERAGE SERVICES, LLC | $172.9M | 40.44% |
| MORGAN STANLEY SMITH BARNEY LLC | $8.2M | 1.93% |
| RBC CAPITAL | $5.9M | 1.38% |
| MERRILL LYNCH | $5.8M | 1.35% |
| GOLDMAN, SACHS & CO. | $3.6M | 0.85% |
| JEFFERIES LLC | $3.2M | 0.75% |
| MARKET AXESS | $2.4M | 0.56% |
| GMP SECURITIES L.P. | $2.1M | 0.49% |
| STIFEL NICOLAUS & CO., INC. | $1.8M | 0.43% |
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.