RESP Fees and Costs — WisdomTree U.S. ESG Fund
Data updated: 2024-02-29
The net expense ratio is 0.28%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 46%.
RESP Fees and Expenses
Annual operating expenses and sales charges of RESP. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RESP Costs Over Time
On $10,000 invested in RESP, assuming 5% a year before costs, total costs come to $180 over 5 years, cutting the return by 0.30% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $30 | $98 | $180 |
| Value after costs | $10,470 | $11,478 | $12,583 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
RESP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0039%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $37K
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $212K
- Net income from securities lending: $3K (0.005% of average net assets)
RESP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $790 | 29.02% |
| Guardian Capital LP | $680 | 25.00% |
| UBS Securities LLC | $346 | 12.72% |
| J.P. Morgan Securities LLC | $312 | 11.47% |
| Sanford C. Bernstein & Co., LLC | $297 | 10.90% |
| RBC Capital Markets, LLC | $254 | 9.35% |
| Credit Suisse Securities (USA) LLC | $13 | 0.47% |
| Goldman Sachs & Co. LLC | $12 | 0.44% |
| Morgan Stanley & Co. LLC | $9 | 0.33% |
| Piper Sandler & Co. | $9 | 0.32% |
RESP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $34K | 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.