C000092816 Fees and Costs — Wells Fargo Intrinsic World Equity Fund, Institutional Class
Data updated: 2021-03-29
The net expense ratio is 0.95%: a 0.85% management fee plus 0.29% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $58K in broker commissions, 0.0425% of average net assets, and portfolio turnover was 32%.
C000092816 Fees and Expenses
Annual operating expenses and sales charges of C000092816. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
C000092816 Costs Over Time
On $10,000 invested in C000092816, assuming 5% a year before costs, total costs come to $621 over 5 years, cutting the return by 1.04% 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 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $621 |
| Value after costs | $10,396 | $11,235 | $12,142 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
C000092816 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0425%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $6K (0.005% of average net assets)
C000092816 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Securities Incorporated | $18K | 34.08% |
| Goldman Sachs & Company | $8K | 14.27% |
| Guardian Capital LP | $5K | 10.40% |
| Sanford C Bernstein LLC | $5K | 8.88% |
| Morgan Stanley Incorporated | $4K | 7.35% |
| Barclays Capital Incorporated | $4K | 7.23% |
| UBS Securities LLC | $3K | 6.29% |
| Citigroup Global Markets Incorporated | $2K | 4.60% |
| Liquidnet Incorporated | $2K | 3.62% |
| RBC Capital Markets | $2K | 3.28% |
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.