WWSAX Fees and Costs — Keeley Small Cap Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 1.25% (1.66% before fee waivers). This share class carries a maximum front-end sales load of 4.00%. In fiscal 2025 the fund paid $105K in broker commissions, 0.1576% of average net assets, and portfolio turnover was 47%.
WWSAX Fees and Expenses
Annual operating expenses and sales charges of WWSAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.41% |
| Gross expense ratio | 1.66% |
| Fee waiver | −0.41% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WWSAX Costs Over Time
On $10,000 invested in WWSAX, assuming 5% a year before costs, total costs come to $1,349 over 5 years, cutting the return by 2.32% 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 | $400 | $400 | $400 |
| Fund expenses (net expense ratio 1.25%) | $126 | $391 | $676 |
| Trading costs (broker commissions) | $16 | $49 | $85 |
| Lost growth on money paid in costs | $20 | $85 | $188 |
| Total costs | $562 | $926 | $1,349 |
| Value after costs | $9,938 | $10,650 | $11,414 |
| Impact on return, per year | 5.62% | 2.88% | 2.32% |
WWSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1576%
- Total broker commissions: $105K
- Bought from dealers (principal trades, not a cost): $59.8M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
WWSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Needham & Company, LLC | $32K | 32.50% |
| Stifel, Nicolaus & Company, Incorporated | $31K | 31.75% |
| D.A. Davidson & Co. | $17K | 17.51% |
| KEEFE, BRUYETTE & WOODS, INC. | $5K | 4.94% |
| ROSENBLATT SECURITIES INC. | $3K | 2.94% |
| Northland Securities, Inc. | $3K | 2.75% |
| BARCLAYS CAPITAL, INC. | $2K | 2.02% |
| CJS SECURITIES, INC. | $2K | 1.99% |
| EVERCORE GROUP LLC | $2K | 1.82% |
| J.P. Morgan Securities LLC | $2K | 1.76% |
WWSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $19.5M | 32.62% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $15.6M | 26.10% |
| BMO Nesbitt Burns Securities Ltd. | $14.1M | 23.52% |
| Daiwa Capital Markets America, Inc. | $8.4M | 14.04% |
| GOLDMAN SACHS & CO. LLC | $2.2M | 3.72% |
Keeley Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WWSIX | Class I | 1.00% | none |
| WESCX | Class Aaa | 1.25% | none |
| WWSAX | Class A | 1.25% | 4.00% |
| WWSCX | Class C | 2.00% | 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.