USMF Fees and Costs — WisdomTree U.S. Multifactor Fund
Data updated: 2026-08-31
The net expense ratio is 0.28%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $38K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 113%.
USMF Fees and Expenses
Annual operating expenses and sales charges of USMF. Prospectus, as of March 31, 2026.
| 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) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
USMF Costs Over Time
On $10,000 invested in USMF, assuming 5% a year before costs, total costs come to $184 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) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
USMF 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): 0.0100%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $260.7M
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
USMF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $19K | 49.25% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $10K | 26.30% |
| MORGAN STANLEY & CO. LLC | $8K | 20.03% |
| INSTINET LLC | $533 | 1.40% |
| GOLDMAN SACHS & CO. LLC | $335 | 0.88% |
| BOFA SECURITIES, INC. | $311 | 0.82% |
| UBS SECURITIES LLC | $271 | 0.71% |
| PIPER SANDLER & CO. | $175 | 0.46% |
| RBC CAPITAL MARKETS, LLC | $43 | 0.11% |
| CitiGroup Global Markets Inc. | $15 | 0.04% |
USMF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $87.8M | 33.67% |
| VIRTU AMERICAS LLC | $66.2M | 25.40% |
| MORGAN STANLEY & CO. LLC | $39.4M | 15.11% |
| CITADEL SECURITIES LLC | $28.9M | 11.08% |
| JANE STREET EXECUTION SERVICES, LLC | $22.7M | 8.71% |
| JUNIPER NETWORKS, INC. | $6.7M | 2.56% |
| FRONTIER COMMUNICATIONS CORPORATION | $3.2M | 1.24% |
| INFORMATICA INC. | $2.9M | 1.11% |
| PARAMOUNT GLOBAL | $2.2M | 0.83% |
| GOLDMAN SACHS & CO. LLC | $767K | 0.29% |
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.