C000053341 Fees and Costs — Wells Fargo Asia Pacific Fund, Class A
Data updated: 2020-01-14
The net expense ratio is 1.60%: a 1.00% management fee plus 0.69% other expenses, less a 0.09% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $172K in broker commissions, 0.1413% of average net assets, and portfolio turnover was 50%.
C000053341 Fees and Expenses
Annual operating expenses and sales charges of C000053341. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 | No |
C000053341 Costs Over Time
On $10,000 invested in C000053341, assuming 5% a year before costs, total costs come to $1,745 over 5 years, cutting the return by 3.04% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.60%) | $158 | $490 | $844 |
| Trading costs (broker commissions) | $14 | $43 | $74 |
| Lost growth on money paid in costs | $29 | $117 | $252 |
| Total costs | $776 | $1,226 | $1,745 |
| Value after costs | $9,724 | $10,351 | $11,017 |
| Impact on return, per year | 7.76% | 3.84% | 3.04% |
C000053341 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1413%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $695K
- Net income from securities lending: $38K (0.031% of average net assets)
C000053341 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $21K | 17.79% |
| Merrill Lynch | $15K | 13.06% |
| HSBC Securities | $15K | 12.72% |
| Credit Suisse LLC | $14K | 12.52% |
| Mitsubishi Securities | $14K | 12.12% |
| JPMorgan Securities LLC | $12K | 10.51% |
| Citigroup Global Markets Incorporated | $9K | 8.03% |
| MacQuarie Bank Limited | $6K | 5.41% |
| China International Capital | $5K | 4.05% |
| Morgan Stanley Incorporated | $4K | 3.78% |
C000053341 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities | $1.8M | 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.