GCC Fees and Costs — WisdomTree Enhanced Commodity Strategy Fund
Data updated: 2026-07-30
The net expense ratio is 0.57% (0.58% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $880 in broker commissions, 0.0006% of average net assets, and portfolio turnover was 26%.
GCC Fees and Expenses
Annual operating expenses and sales charges of GCC. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.57% |
| 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 |
GCC Costs Over Time
On $10,000 invested in GCC, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
GCC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $880
- Bought from dealers (principal trades, not a cost): $433.8M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $506K
- Net income from securities lending: —
GCC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $502 | 57.05% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $159 | 18.07% |
| JEFFERIES LLC | $120 | 13.64% |
| MORGAN STANLEY & CO. LLC | $99 | 11.25% |
GCC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $181.5M | 41.83% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $73.0M | 16.83% |
| J.P. Morgan Securities LLC | $65.9M | 15.19% |
| BNP PARIBAS SECURITIES CORP. | $56.6M | 13.06% |
| BNY MELLON CAPITAL MARKETS, LLC | $23.0M | 5.30% |
| Wells Fargo Securities LLC | $15.8M | 3.65% |
| State Street Bank and Trust Company | $7.0M | 1.61% |
| THE BANK OF NEW YORK MELLON | $6.0M | 1.38% |
| GOLDMAN SACHS & CO. LLC | $5.0M | 1.15% |
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.