C000024405 Fees and Costs — Wanger Select
Data updated: 2023-05-25
The net expense ratio is 0.95%: a 0.74% management fee plus 0.35% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $62K in broker commissions, 0.0793% of average net assets, and portfolio turnover was 119%.
C000024405 Fees and Expenses
Annual operating expenses and sales charges of C000024405. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.95% |
| 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 | No |
C000024405 Costs Over Time
On $10,000 invested in C000024405, assuming 5% a year before costs, total costs come to $643 over 5 years, cutting the return by 1.08% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $643 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000024405 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0793%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $47K
- Portfolio turnover (prospectus): 119%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $15K (0.019% of average net assets)
C000024405 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets | $12K | 22.00% |
| Virtu Americas LLC | $11K | 20.25% |
| Goldman Sachs | $10K | 17.26% |
| JPMorgan | $8K | 15.06% |
| Jefferies LLC | $5K | 9.08% |
| Morgan Stanley | $4K | 6.89% |
| Barclays | $2K | 2.88% |
| BMO Capital Markets Corp. | $1K | 2.31% |
| UBS | $1K | 2.19% |
| Wells Fargo Securities LLC | $1K | 2.08% |
C000024405 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $47K | 100.00% |
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.