DLS Fees and Costs — WisdomTree International SmallCap Dividend Fund
Data updated: 2026-08-31
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $263K in broker commissions, 0.0264% of average net assets, and portfolio turnover was 45%.
DLS Fees and Expenses
Annual operating expenses and sales charges of DLS. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
DLS Costs Over Time
On $10,000 invested in DLS, assuming 5% a year before costs, total costs come to $382 over 5 years, cutting the return by 0.64% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $382 |
| Value after costs | $10,436 | $11,367 | $12,381 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
DLS 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): 0.0264%
- Total broker commissions: $263K
- Bought from dealers (principal trades, not a cost): $139.6M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $34.7M
- Net income from securities lending: $1.5M (0.150% of average net assets)
DLS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $87K | 33.49% |
| J.P. Morgan Securities LLC | $72K | 27.69% |
| UBS SECURITIES LLC | $49K | 18.77% |
| GOLDMAN SACHS & CO. LLC | $29K | 10.96% |
| MORGAN STANLEY & CO. LLC | $19K | 7.33% |
| HSBC SECURITIES (USA) INC. | $2K | 0.58% |
| VIRTU AMERICAS LLC | $1K | 0.38% |
| MACQUARIE CAPITAL (USA), INC. | $738 | 0.28% |
| INSTINET LLC | $710 | 0.27% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $631 | 0.24% |
DLS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $74.9M | 55.55% |
| CitiGroup Global Markets Inc. | $36.3M | 26.88% |
| GOLDMAN SACHS & CO. LLC | $9.0M | 6.70% |
| J.P. Morgan Securities LLC | $4.9M | 3.67% |
| SPAR NORD BANK A/S | $4.8M | 3.54% |
| BOFA SECURITIES, INC. | $1.9M | 1.38% |
| SG FLEET AUSTRALIA PTY LIMITED | $1.2M | 0.91% |
| H & T GROUP PLC | $928K | 0.69% |
| DOMAIN HOLDINGS AUSTRALIA | $913K | 0.68% |
| MORGAN STANLEY & CO. LLC | $1 | 0.00% |
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.