C000127814 Fees and Costs — WCM Focused Global Growth Fund, Investor Class
Data updated: 2024-11-25
The net expense ratio is 1.30%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $94K in broker commissions, 0.0285% of average net assets, and portfolio turnover was 32%.
C000127814 Fees and Expenses
Annual operating expenses and sales charges of C000127814. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.30% |
| 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 | Yes |
C000127814 Costs Over Time
On $10,000 invested in C000127814, assuming 5% a year before costs, total costs come to $826 over 5 years, cutting the return by 1.39% 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 1.30%) | $136 | $424 | $734 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $139 | $455 | $826 |
| Value after costs | $10,361 | $11,121 | $11,937 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000127814 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0285%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $55.5M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000127814 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES LLC | $23K | 25.33% |
| LIQUIDNET, INC. | $21K | 23.21% |
| JEFFERIES LLC | $14K | 15.41% |
| GOLDMAN SACHS & CO. LLC | $13K | 14.70% |
| MORGAN STANLEY | $6K | 6.62% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 5.49% |
| BIDS TRADING L.P. | $3K | 3.49% |
| J.P. MORGAN SECURITIES LLC | $2K | 2.55% |
| UBS SECURITIES LLC | $2K | 1.81% |
| BERENBERG CAPITAL MARKETS LLC | $1K | 1.39% |
C000127814 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $55.5M | 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.