WCEBX Fees and Costs — Nomura Core Equity Fund, Class B
Data updated: 2026-08-26
The net expense ratio is 2.08%: a 0.62% management fee, a 1.00% 12b-1 fee plus 0.62% other expenses, less a 0.16% fee waiver. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2026 the fund paid $398K in broker commissions, 0.0106% of average net assets, and portfolio turnover was 40%.
WCEBX Fees and Expenses
Annual operating expenses and sales charges of WCEBX. Prospectus, as of March 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 2.24% |
| Fee waiver | −0.16% |
| Net expense ratio | 2.08% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WCEBX Costs Over Time
On $10,000 invested in WCEBX, assuming 5% a year before costs, total costs come to $1,279 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 |
| Sales charges | $514 | $0 | $0 |
| Fund expenses (net expense ratio 2.08%) | $218 | $674 | $1,155 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $34 | $119 |
| Total costs | $734 | $711 | $1,279 |
| Value after costs | $9,766 | $10,865 | $11,483 |
| Impact on return, per year | 7.34% | 2.20% | 2.20% |
WCEBX 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): 0.0106%
- Total broker commissions: $398K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
WCEBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $54K | 18.98% |
| BARCLAYS CAPITAL, INC. | $38K | 13.15% |
| GOLDMAN SACHS & CO. LLC | $36K | 12.51% |
| UBS SECURITIES LLC | $31K | 10.76% |
| MORGAN STANLEY & CO. LLC | $28K | 9.63% |
| BOFA SECURITIES, INC. | $24K | 8.28% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $21K | 7.42% |
| CitiGroup Global Markets Inc. | $21K | 7.42% |
| RBC CAPITAL MARKETS, LLC | $19K | 6.64% |
| VIRTU AMERICAS LLC | $15K | 5.21% |
Nomura Core Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ICEQX | Class R6 | 0.67% | none |
| ICIEX | Institutional Class | 0.74% | none |
| WCEAX | Class A | 0.99% | 5.75% |
| WCEYX | Class Y | 0.99% | none |
| IYCEX | Class R | 1.24% | none |
| WTRCX | Class C | 1.74% | none |
| WCEBX | Class B | 2.08% | 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.