WWMCX expense ratio history

WESTWOOD QUALITY MIDCAP FUND, WESTWOOD QUALITY MIDCAP FUND INSTITUTIONAL SHARES

Fund company: Ultimus Managers
Type: Mutual fund

Expense ratio: 3.41%

In basis points: 341 basis points
Yearly cost per $10,000: $341
Prospectus dated: 28 February 2025, filed with the SEC; rounded to 0.01%
Last change: Cut from 5.79% on 28 February 2025

Fee over time

Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

Date	Fee	What happened
28 Feb 2025	3.41%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025	3.41%	Cut from 5.79% to 3.41%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
28 Feb 2024	5.79%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2024	5.79%	Cut from 14.48% to 5.79%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-03-04
28 Feb 2022	14.48%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Nov 2021	14.48%	In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-11-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 3.41% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

Amount invested ($)

Years

Yearly return (%)

Compare with

$3,742 in fees over 10 years

After fees, $10,000 grows to $11,611.

Fees paid on $10,000 at 5% a year
After	Fees paid
1 year	$350
3 years	$1,064
5 years	$1,801
10 years	$3,742

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 4 prospectuses for this share class since 2021. Each one is listed above with a link to the filing.

How we read fees

More Ultimus Managers funds

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