C000221206 Fees and Costs — Westwood Quality SMIDCap Fund, Ultra Shares
Data updated: 2022-01-13
The net expense ratio is 0.68%: a 0.75% management fee plus 0.27% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $544K in broker commissions, 0.1918% of average net assets, and portfolio turnover was 69%.
C000221206 Fees and Expenses
Annual operating expenses and sales charges of C000221206. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.68% |
| 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 |
C000221206 Costs Over Time
On $10,000 invested in C000221206, assuming 5% a year before costs, total costs come to $547 over 5 years, cutting the return by 0.92% 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 0.68%) | $71 | $223 | $387 |
| Trading costs (broker commissions) | $20 | $63 | $109 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $300 | $547 |
| Value after costs | $10,408 | $11,276 | $12,216 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000221206 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): 0.1918%
- Total broker commissions: $544K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
C000221206 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $544K | 100.00% |
C000221206 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NORTHERN TRUST BROKERAGE INSTITUTION | $2.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.