WCLCX Fees and Costs — Westfield Capital Large Cap Growth Fund, Investor Class
Data updated: 2020-06-25
The net expense ratio is 1.10%: a 0.65% management fee plus 0.77% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $28K in broker commissions, 0.0656% of average net assets, and portfolio turnover was 57%.
WCLCX Fees and Expenses
Annual operating expenses and sales charges of WCLCX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.77% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.10% |
| 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 |
WCLCX Costs Over Time
On $10,000 invested in WCLCX, assuming 5% a year before costs, total costs come to $727 over 5 years, cutting the return by 1.22% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $400 | $727 |
| Value after costs | $10,378 | $11,176 | $12,036 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
WCLCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0656%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
WCLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies | $6K | 36.60% |
| JP Morgan | $3K | 16.92% |
| Wells Fargo | $2K | 11.93% |
| ISI Group | $2K | 11.84% |
| Citigroup | $997 | 5.67% |
| Liquidnet | $881 | 5.01% |
| Collins Stewart, Inc | $774 | 4.40% |
| Evercore | $725 | 4.12% |
| BLOX Securities | $619 | 3.52% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.