GWILX Fees and Costs — SMID Core Equity Portfolio, Advisor Shares
Data updated: 2026-09-14
The net expense ratio is 0.85% (1.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.2062% of average net assets, and portfolio turnover was 132%.
GWILX Fees and Expenses
Annual operating expenses and sales charges of GWILX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.52% |
| Net expense ratio | 0.85% |
| 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 |
GWILX Costs Over Time
On $10,000 invested in GWILX, assuming 5% a year before costs, total costs come to $660 over 5 years, cutting the return by 1.11% 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 0.85%) | $89 | $278 | $482 |
| Trading costs (broker commissions) | $22 | $68 | $117 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $363 | $660 |
| Value after costs | $10,389 | $11,213 | $12,103 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
GWILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2062%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $23.8M
- Portfolio turnover (prospectus): 132%
- Securities on loan, average value: $202K
- Net income from securities lending: $222 (0.001% of average net assets)
GWILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $9K | 26.53% |
| Morgan Stanley & Co. LLC | $9K | 26.08% |
| Jefferies LLC | $7K | 19.49% |
| Strategas Securities, LLC | $3K | 7.56% |
| Barclays Capital Inc. | $2K | 5.50% |
| BofA Securities, Inc. | $2K | 5.14% |
| RBC Capital Markets, LLC | $1K | 3.17% |
| Citigroup Global Markets Inc. | $955 | 2.69% |
| Piper Sandler & Co. | $694 | 1.96% |
| SG Americas Securities, LLC | $670 | 1.89% |
GWILX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $23.8M | 100.00% |
SMID Core Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GWTLX | C000263973 | 0.65% | — |
| GWILX | Advisor Shares | 0.85% | — |
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.