GWTLX Fees and Costs — SMID Core Equity Portfolio
Data updated: 2026-09-14
The net expense ratio is 0.65%: a 0.55% management fee plus 0.46% other expenses, less a 0.36% fee waiver. 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%.
GWTLX Fees and Expenses
Annual operating expenses and sales charges of GWTLX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.46% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.65% |
| 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 |
GWTLX Costs Over Time
On $10,000 invested in GWTLX, assuming 5% a year before costs, total costs come to $537 over 5 years, cutting the return by 0.90% 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 0.65%) | $68 | $213 | $370 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $295 | $537 |
| Value after costs | $10,410 | $11,281 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
GWTLX 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)
GWTLX 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% |
GWTLX 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.