WAMVX Fees and Costs — Wasatch Micro Cap Value Fund, Investor Class shares
Data updated: 2026-08-26
The net expense ratio is 1.68%: a 1.50% management fee plus 0.18% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $526K in broker commissions, 0.1581% of average net assets, and portfolio turnover was 69%.
WAMVX Fees and Expenses
Annual operating expenses and sales charges of WAMVX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 1.68% |
| Fee waiver | — |
| Net expense ratio | 1.68% |
| 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 |
WAMVX Costs Over Time
On $10,000 invested in WAMVX, assuming 5% a year before costs, total costs come to $1,131 over 5 years, cutting the return by 1.93% 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 1.68%) | $176 | $546 | $938 |
| Trading costs (broker commissions) | $17 | $51 | $88 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $193 | $627 | $1,131 |
| Value after costs | $10,307 | $10,950 | $11,632 |
| Impact on return, per year | 1.93% | 1.93% | 1.93% |
WAMVX 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): 0.1581%
- Total broker commissions: $526K
- Bought from dealers (principal trades, not a cost): $25.8M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
WAMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $121K | 26.13% |
| BTIG, LLC | $109K | 23.45% |
| Goldman Sachs & Co. LLC | $93K | 20.13% |
| Canaccord Genuity LLC | $54K | 11.56% |
| Nomura Securities International, Inc. | $28K | 5.96% |
| Evercore Group L.L.C. | $19K | 4.17% |
| BNY Capital Markets, LLC | $12K | 2.57% |
| RBC Capital Markets, LLC | $11K | 2.32% |
| Deutsche Bank Securities Inc. | $9K | 2.04% |
| Stifel, Nicolaus & Company, Incorporated | $8K | 1.66% |
WAMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $5.4M | 21.10% |
| J.P. Morgan Securities LLC | $4.8M | 18.71% |
| Roth Capital Partners, LLC | $4.7M | 18.36% |
| D.A. Davidson & Co. | $3.3M | 12.79% |
| State Street Bank and Trust Company | $2.5M | 9.68% |
| B. Riley Securities, Inc. | $2.1M | 8.21% |
| Raymond James & Associates, Inc. | $2.0M | 7.90% |
| BofA Securities, Inc. | $570K | 2.21% |
| Jefferies LLC | $273K | 1.06% |
Wasatch Micro Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WGMVX | Institutional Class Shares | 1.60% | none |
| WAMVX | Investor Class shares | 1.68% | 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.