SLWS Fees and Costs — Wisdom Short Duration Income Fund, Institutional Class
Data updated: 2026-10-13
The net expense ratio is 0.42%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $17K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 70%.
SLWS Fees and Expenses
Annual operating expenses and sales charges of SLWS. Prospectus, as of June 8, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
SLWS Costs Over Time
On $10,000 invested in SLWS, assuming 5% a year before costs, total costs come to $269 over 5 years, cutting the return by 0.45% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $45 | $147 | $269 |
| Value after costs | $10,455 | $11,429 | $12,494 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
SLWS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $738.3M
- Portfolio turnover (prospectus): 70%
SLWS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $17K | 99.80% |
| U.S. Bancorp Advisors LLC | $34 | 0.20% |
SLWS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $260.2M | 41.23% |
| SEAPORT GLOBAL SECURITIES LLC | $80.1M | 12.69% |
| GOLDMAN SACHS & CO. LLC | $75.3M | 11.94% |
| RAYMOND JAMES FINANCIAL SERVICES, INC. | $47.3M | 7.50% |
| MORGAN STANLEY & CO. LLC | $37.6M | 5.96% |
| WELLS FARGO SECURITIES, LLC | $34.7M | 5.51% |
| Singapore Exchange LTD | $34.1M | 5.40% |
| CITADEL SECURITIES LLC | $21.8M | 3.46% |
| JANE STREET CAPITAL, LLC | $21.0M | 3.32% |
| JPMORGAN SECURITIES LLC | $18.9M | 2.99% |
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.