WCFEX Fees and Costs — WCM Focused Emerging Markets ex China Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 1.50%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.91% other expenses, less a 1.66% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.2014% of average net assets, and portfolio turnover was 66%.
WCFEX Fees and Expenses
Annual operating expenses and sales charges of WCFEX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.91% |
| Gross expense ratio | 3.16% |
| Fee waiver | −1.66% |
| Net expense ratio | 1.50% |
| 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 | Yes |
WCFEX Costs Over Time
On $10,000 invested in WCFEX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.79% 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 1.50%) | $158 | $488 | $840 |
| Trading costs (broker commissions) | $21 | $66 | $113 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $581 | $1,049 |
| Value after costs | $10,321 | $10,995 | $11,713 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
WCFEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2014%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $27.7M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
WCFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA) INC. | $10K | 28.90% |
| J.P. MORGAN SECURITIES LLC | $6K | 17.15% |
| CLSA AMERICAS, LLC | $5K | 15.30% |
| ALLEN & COMPANY LLC | $3K | 9.18% |
| ITAU BBA USA SECURITIES, INC. | $2K | 5.40% |
| ITG INC. | $2K | 5.25% |
| KOREA INVESTMENT & SECURITIES AMERICA, INC. | $2K | 4.99% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 4.74% |
| GOLDMAN SACHS & CO. LLC | $2K | 4.71% |
| KOTAK MAHINDRA, INC. | $1K | 4.37% |
WCFEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $26.5M | 95.83% |
| KOTAK MAHINDRA, INC. | $597K | 2.16% |
| MORGAN STANLEY | $556K | 2.01% |
| SANFORD C. BERNSTEIN & CO., LLC | $1 | 0.00% |
WCM Focused Emerging Markets ex China Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WCMWX | Institutional Class | 1.25% | none |
| WCFEX | Investor Class | 1.50% | 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.