WBALX Fees and Costs — Conservative Allocation Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 0.85%: a 0.60% management fee plus 0.43% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 20%.
WBALX Fees and Expenses
Annual operating expenses and sales charges of WBALX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WBALX Costs Over Time
On $10,000 invested in WBALX, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
WBALX 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): 0.0051%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $293.3M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $390K
- Net income from securities lending: $1K (0.001% of average net assets)
WBALX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $11K | 100.00% |
WBALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $200.5M | 68.89% |
| Wells Fargo Securities, LLC | $47.8M | 16.43% |
| Goldman Sachs & Co. LLC | $11.4M | 3.91% |
| Scotia Capital (USA) Inc. | $8.9M | 3.06% |
| BofA Securities, Inc. | $6.7M | 2.31% |
| Citadel Securities LLC | $5.0M | 1.72% |
| J.P. Morgan Securities LLC | $4.5M | 1.55% |
| First Horizon Bank | $2.8M | 0.95% |
| StoneX Financial Inc. | $1.9M | 0.64% |
| Stifel, Nicolaus & Company, Incorporated | $1.5M | 0.53% |
Conservative Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WBAIX | Institutional Class | 0.70% | none |
| WBALX | Investor Class | 0.85% | 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.