WWLAX Fees and Costs — Westwood Quality Value Fund, A Class
Data updated: 2026-09-28
The net expense ratio is 0.80%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.08% fee waiver. This share class carries a maximum front-end sales load of 3.00%. In fiscal 2025 the fund paid $50K in broker commissions, 0.0263% of average net assets, and portfolio turnover was 77%.
WWLAX Fees and Expenses
Annual operating expenses and sales charges of WWLAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| Max deferred load | 0.00% |
| 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 |
WWLAX Costs Over Time
On $10,000 invested in WWLAX, assuming 5% a year before costs, total costs come to $886 over 5 years, cutting the return by 1.50% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.80%) | $81 | $255 | $442 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $15 | $60 | $129 |
| Total costs | $399 | $623 | $886 |
| Value after costs | $10,101 | $10,953 | $11,877 |
| Impact on return, per year | 3.99% | 1.92% | 1.50% |
WWLAX 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): 0.0263%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
WWLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nothern Trust Securities, Inc. | $46K | 92.31% |
| Morgan Stanly & Co LLC | $4K | 7.69% |
Westwood Quality Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WHGQX | Ultra Class | 0.55% | — |
| WHGLX | Institutional Class | 0.63% | none |
| WWLAX | A Class | 0.80% | 3.00% |
| WWLCX | C Class | 1.55% | 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.