DES Fees and Costs — WisdomTree U.S. SmallCap Dividend Fund
Data updated: 2026-08-31
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $251K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 40%.
DES Fees and Expenses
Annual operating expenses and sales charges of DES. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
DES Costs Over Time
On $10,000 invested in DES, assuming 5% a year before costs, total costs come to $249 over 5 years, cutting the return by 0.41% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $136 | $249 |
| Value after costs | $10,459 | $11,440 | $12,514 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
DES Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0134%
- Total broker commissions: $251K
- Bought from dealers (principal trades, not a cost): $320.7M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $65.5M
- Net income from securities lending: $197K (0.011% of average net assets)
DES Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $219K | 88.85% |
| PIPER SANDLER & CO. | $10K | 3.87% |
| MORGAN STANLEY & CO. LLC | $3K | 1.37% |
| J.P. Morgan Securities LLC | $3K | 1.13% |
| INSTINET LLC | $3K | 1.11% |
| GOLDMAN SACHS & CO. LLC | $3K | 1.02% |
| CitiGroup Global Markets Inc. | $2K | 0.82% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $2K | 0.70% |
| PENSERRA SECURITIES, LLC | $2K | 0.62% |
| BARCLAYS CAPITAL, INC. | $1K | 0.51% |
DES Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $81.0M | 27.98% |
| GOLDMAN SACHS & CO. LLC | $73.4M | 25.35% |
| CITADEL SECURITIES LLC | $60.6M | 20.94% |
| BOFA SECURITIES, INC. | $19.7M | 6.81% |
| PIPER SANDLER & CO. | $12.7M | 4.38% |
| Macquarie Capital (USA) Inc. | $12.6M | 4.34% |
| VIRTU AMERICAS LLC | $12.1M | 4.17% |
| Premier, Inc. | $9.7M | 3.35% |
| BARCLAYS CAPITAL, INC. | $4.6M | 1.58% |
| JANE STREET EXECUTION SERVICES, LLC | $3.2M | 1.09% |
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.