WAAEX Fees and Costs — Wasatch Small Cap Growth Fund, Investor Class Shares
Data updated: 2026-08-26
The net expense ratio is 1.14%: a 1.00% management fee plus 0.14% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $807K in broker commissions, 0.0408% of average net assets, and portfolio turnover was 39%.
WAAEX Fees and Expenses
Annual operating expenses and sales charges of WAAEX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WAAEX Costs Over Time
On $10,000 invested in WAAEX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $736 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
WAAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0408%
- Total broker commissions: $807K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
WAAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $176K | 23.42% |
| Goldman Sachs & Co. LLC | $174K | 23.27% |
| BTIG, LLC | $128K | 17.08% |
| Canaccord Genuity LLC | $83K | 11.12% |
| Nomura Securities International, Inc. | $44K | 5.93% |
| RBC Capital Markets, LLC | $42K | 5.61% |
| BNY Capital Markets, LLC | $42K | 5.59% |
| Stifel, Nicolaus & Company, Incorporated | $24K | 3.20% |
| William Blair & Company, L.L.C. | $19K | 2.60% |
| Evercore Group L.L.C. | $16K | 2.19% |
Wasatch Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WIAEX | Institutional Class Shares | 1.05% | none |
| WAAEX | Investor Class Shares | 1.14% | none |
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.