QSML Fees and Costs — WisdomTree U.S. SmallCap Quality Growth Fund
Data updated: 2026-08-31
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0280% of average net assets, and portfolio turnover was 85%.
QSML Fees and Expenses
Annual operating expenses and sales charges of QSML. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
QSML Costs Over Time
On $10,000 invested in QSML, assuming 5% a year before costs, total costs come to $258 over 5 years, cutting the return by 0.43% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $141 | $258 |
| Value after costs | $10,457 | $11,435 | $12,505 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
QSML 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): 0.0280%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $7.0M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $4K (0.046% of average net assets)
QSML Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $2K | 61.12% |
| J.P. Morgan Securities LLC | $868 | 34.23% |
| PIPER SANDLER & CO. | $27 | 1.06% |
| BOFA SECURITIES, INC. | $23 | 0.91% |
| UBS SECURITIES LLC | $23 | 0.91% |
| MORGAN STANLEY & CO. LLC | $19 | 0.75% |
| GOLDMAN SACHS & CO. LLC | $18 | 0.71% |
| BARCLAYS CAPITAL, INC. | $4 | 0.16% |
| INSTINET LLC | $3 | 0.12% |
| PENSERRA SECURITIES, LLC | $1 | 0.04% |
QSML Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $4.8M | 68.37% |
| J.P. Morgan Securities LLC | $1.3M | 18.63% |
| VIRTU AMERICAS LLC | $677K | 9.67% |
| GOLDMAN SACHS & CO. LLC | $113K | 1.61% |
| GMS, INC. | $43K | 0.61% |
| INSTINET, LLC | $37K | 0.53% |
| Vimeo, Inc. | $15K | 0.21% |
| PIPER SANDLER & CO. | $12K | 0.18% |
| BARCLAYS CAPITAL, INC. | $8K | 0.12% |
| POTBELLY CORPORATION | $6K | 0.08% |
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.