WEEI Fees and Costs — Westwood Salient Enhanced Energy Income ETF
Data updated: 2026-09-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.2725% of average net assets, and portfolio turnover was 14%.
WEEI Fees and Expenses
Annual operating expenses and sales charges of WEEI. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
WEEI Costs Over Time
On $10,000 invested in WEEI, assuming 5% a year before costs, total costs come to $700 over 5 years, cutting the return by 1.18% 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 0.85%) | $89 | $278 | $482 |
| Trading costs (broker commissions) | $29 | $89 | $154 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $700 |
| Value after costs | $10,382 | $11,191 | $12,062 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
WEEI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2725%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $770K
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
WEEI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital LLC | $48K | 98.54% |
| SUSQUEHANNA CAPITAL GROUP | $694 | 1.44% |
| Virtu Americas LLC | $13 | 0.03% |
WEEI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth | $770K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.