WAFMX Fees and Costs — Wasatch Frontier Emerging Small Countries Fund, Investor Class Shares
Data updated: 2026-08-26
The net expense ratio is 1.96%: a 1.50% management fee plus 0.87% other expenses, less a 0.42% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $86K in broker commissions, 0.2345% of average net assets, and portfolio turnover was 60%.
WAFMX Fees and Expenses
Annual operating expenses and sales charges of WAFMX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | 0.87% |
| Gross expense ratio | 2.38% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.96% |
| 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 |
WAFMX Costs Over Time
On $10,000 invested in WAFMX, assuming 5% a year before costs, total costs come to $1,340 over 5 years, cutting the return by 2.30% 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 1.96%) | $206 | $634 | $1,086 |
| Trading costs (broker commissions) | $25 | $76 | $130 |
| Lost growth on money paid in costs | $0 | $35 | $124 |
| Total costs | $230 | $746 | $1,340 |
| Value after costs | $10,270 | $10,831 | $11,423 |
| Impact on return, per year | 2.30% | 2.30% | 2.30% |
WAFMX 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): 0.2345%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
WAFMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Danske Bank A/S | $30K | 41.09% |
| Eurobank Ergasias Services and Holdings S.A. | $16K | 21.21% |
| Macquarie Capital (USA) Inc. | $6K | 8.08% |
| WOOD & Company Financial Services, a.s. | $5K | 6.79% |
| UBS Securities LLC | $5K | 6.73% |
| BofA Securities, Inc. | $3K | 4.04% |
| Morgan Stanley & Co. LLC | $3K | 3.72% |
| Deutsche Bank Securities Inc. | $3K | 3.66% |
| CLSA Americas, LLC | $2K | 2.41% |
| J.P. Morgan Securities LLC | $2K | 2.26% |
Wasatch Frontier Emerging Small Countries Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WIFMX | Institutional Class Shares | 1.76% | none |
| WAFMX | Investor Class Shares | 1.96% | 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.