WAGTX Fees and Costs — Seven Canyons World Innovators Fund, Investor Class
Data updated: 2025-05-30
The net expense ratio is 1.71%: a 1.50% management fee plus 0.99% other expenses, less a 0.79% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $254K in broker commissions, 0.3881% of average net assets, and portfolio turnover was 70%.
WAGTX Fees and Expenses
Annual operating expenses and sales charges of WAGTX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.99% |
| Gross expense ratio | 2.50% |
| Fee waiver | −0.79% |
| Net expense ratio | 1.71% |
| 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 |
WAGTX Costs Over Time
On $10,000 invested in WAGTX, assuming 5% a year before costs, total costs come to $1,284 over 5 years, cutting the return by 2.20% 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 1.71%) | $180 | $554 | $949 |
| Trading costs (broker commissions) | $41 | $126 | $215 |
| Lost growth on money paid in costs | $0 | $34 | $119 |
| Total costs | $220 | $713 | $1,284 |
| Value after costs | $10,280 | $10,863 | $11,479 |
| Impact on return, per year | 2.20% | 2.20% | 2.20% |
WAGTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3881%
- Total broker commissions: $254K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
WAGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet | $31K | 16.04% |
| Goldman Sachs | $31K | 15.66% |
| Phillip Capital | $30K | 15.27% |
| Ichiyoshi Secs | $30K | 15.13% |
| KB Securities | $26K | 13.03% |
| Berenberg | $16K | 8.16% |
| Jones Trading | $9K | 4.46% |
| Equirus Capital | $9K | 4.34% |
| Auerbach Grayson & Company LLC | $8K | 4.04% |
| Wood (Arthur W.) Company, Inc. | $8K | 3.87% |
WAGTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PI Financial Corp. | $821K | 66.38% |
| BNP PARIBAS Securities Corp. | $406K | 32.87% |
| Canaccord Genuity LLC | $9K | 0.76% |
| Goldman Sachs | $0 | 0.00% |
| Peelhunt | $0 | 0.00% |
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.