WDIVX Fees and Costs — Westfield Capital Dividend Growth Fund, Institutional Class
Data updated: 2022-06-28
The net expense ratio is 0.95%: a 0.75% management fee plus 0.30% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $75K in broker commissions, 0.0517% of average net assets, and portfolio turnover was 62%.
WDIVX Fees and Expenses
Annual operating expenses and sales charges of WDIVX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.30% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.95% |
| 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 |
WDIVX Costs Over Time
On $10,000 invested in WDIVX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $627 |
| Value after costs | $10,395 | $11,232 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
WDIVX 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): 0.0517%
- Total broker commissions: $75K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
WDIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ISI GROUP | $8K | 16.21% |
| WILLIAMS TRADING LLC | $7K | 14.69% |
| MCDONALD & COMPANY SECURITIES INC. | $6K | 11.90% |
| BLAIR, WILLIAM, & COMPANY, L.L.C. | $5K | 9.78% |
| RHCO | $5K | 9.60% |
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 8.89% |
| JP MORGAN SECURITIES, INC | $4K | 7.99% |
| RBC CAPITAL | $3K | 7.12% |
| GUZMAN & COMPANY | $3K | 6.92% |
| O'NEIL, WILLIAM AND CO. INC./BCC CLRG | $3K | 6.91% |
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.