WWICX Fees and Costs — Westwood Income Opportunity Fund, C Class
Data updated: 2026-09-28
The net expense ratio is 1.77%: a 0.65% management fee, a 1.00% 12b-1 fee plus 0.12% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $156K in broker commissions, 0.0295% of average net assets, and portfolio turnover was 67%.
WWICX Fees and Expenses
Annual operating expenses and sales charges of WWICX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.77% |
| Fee waiver | — |
| Net expense ratio | 1.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WWICX Costs Over Time
On $10,000 invested in WWICX, assuming 5% a year before costs, total costs come to $1,108 over 5 years, cutting the return by 1.89% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.77%) | $186 | $575 | $989 |
| Trading costs (broker commissions) | $3 | $10 | $16 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $292 | $614 | $1,108 |
| Value after costs | $10,208 | $10,962 | $11,655 |
| Impact on return, per year | 2.92% | 1.89% | 1.89% |
WWICX 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): 0.0295%
- Total broker commissions: $156K
- Bought from dealers (principal trades, not a cost): $430.2M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
WWICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $146K | 93.93% |
| MORGAN STANLEY & CO, LLC | $9K | 5.51% |
| CITIGROUP GLOBAL MARKETS, INC | $875 | 0.56% |
WWICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets LLC | $97.2M | 24.75% |
| Wells Fargo Securities Co., LLC | $75.7M | 19.26% |
| HSBC SECURITIES (USA) INC | $71.5M | 18.21% |
| Morgan Stanley & Co., LLC | $48.4M | 12.31% |
| Citadel Securities Institutional, LLC | $46.0M | 11.70% |
| BOFA Securities, Inc. | $15.1M | 3.85% |
| J.P. Morgan Securities LLC | $14.6M | 3.72% |
| FHN FINANCIAL SECURITIES CORP | $10.0M | 2.54% |
| Stifel, Nicolaus & Co., Inc | $7.3M | 1.86% |
| CitiGroup Global Markets, Inc. | $7.1M | 1.81% |
Westwood Income Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WHGOX | Ultra Class | 0.77% | — |
| WHGIX | Institutional Class | 0.84% | none |
| WWIAX | A Class | 1.02% | 3.00% |
| WWICX | C Class | 1.77% | none |
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.