FWRLX Fees and Costs — Select Wireless Portfolio
Data updated: 2026-07-24
The net expense ratio is 0.71%: a 0.66% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $137K in broker commissions, 0.0450% of average net assets, and portfolio turnover was 58%.
FWRLX Fees and Expenses
Annual operating expenses and sales charges of FWRLX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FWRLX Costs Over Time
On $10,000 invested in FWRLX, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
FWRLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0450%
- Total broker commissions: $137K
- Bought from dealers (principal trades, not a cost): $164K
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $19.1M
- Net income from securities lending: $67K (0.022% of average net assets)
FWRLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $24K | 21.51% |
| GOLDMAN SACHS GROUP INC (THE) | $23K | 21.28% |
| BANK OF AMERICA CORPORATION | $20K | 17.91% |
| UBS GROUP AG | $10K | 9.12% |
| JPMORGAN CHASE and CO | $7K | 6.77% |
| JEFFERIES FINANCIAL GROUP INC | $6K | 5.21% |
| VIRTU FINANCIAL INC | $6K | 5.20% |
| ROYAL BANK OF CANADA | $5K | 4.99% |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC | $4K | 4.07% |
| CITIGROUP INC | $4K | 3.94% |
FWRLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE and CO | $164K | 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.