C000229076 Fees and Costs — Westwood SmallCap Growth Fund, Institutional Class
Data updated: 2023-09-27
The net expense ratio is 0.75%: a 0.55% management fee plus 1.02% other expenses, less a 0.82% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $226K in broker commissions, 1.6836% of average net assets, and portfolio turnover was 860%.
C000229076 Fees and Expenses
Annual operating expenses and sales charges of C000229076. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 1.02% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.82% |
| Net expense ratio | 0.75% |
| 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 |
C000229076 Costs Over Time
On $10,000 invested in C000229076, assuming 5% a year before costs, total costs come to $1,479 over 5 years, cutting the return by 2.56% 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 0.75%) | $79 | $242 | $413 |
| Trading costs (broker commissions) | $177 | $543 | $928 |
| Lost growth on money paid in costs | $0 | $39 | $138 |
| Total costs | $256 | $825 | $1,479 |
| Value after costs | $10,244 | $10,751 | $11,284 |
| Impact on return, per year | 2.56% | 2.56% | 2.56% |
C000229076 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 1.6836%
- Total broker commissions: $226K
- Bought from dealers (principal trades, not a cost): $22K
- Portfolio turnover (prospectus): 860%
- Securities lending: none during the year
C000229076 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $226K | 100.00% |
C000229076 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $22K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.