WQAIX Fees and Costs — Westwood Quality AllCap Fund, Institutional Class
Data updated: 2026-03-31
The net expense ratio is 0.53%: a 0.45% management fee plus 0.52% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0473% of average net assets, and portfolio turnover was 73%.
WQAIX Fees and Expenses
Annual operating expenses and sales charges of WQAIX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.52% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.53% |
| 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 |
WQAIX Costs Over Time
On $10,000 invested in WQAIX, assuming 5% a year before costs, total costs come to $364 over 5 years, cutting the return by 0.61% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $199 | $364 |
| Value after costs | $10,439 | $11,377 | $12,399 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
WQAIX 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): 0.0473%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
WQAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $10K | 97.51% |
| MORGAN STANLEY & CO, LLC | $252 | 2.49% |
Westwood Quality AllCap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WQAUX | Ultra Class | 0.45% | — |
| WQAIX | Institutional Class | 0.53% | — |
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.