WCFOX Fees and Costs — WCM Focused International Opportunities Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 1.26%: a 1.00% management fee, a 0.25% 12b-1 fee plus 1.07% other expenses, less a 1.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $114K in broker commissions, 0.2807% of average net assets, and portfolio turnover was 112%.
WCFOX Fees and Expenses
Annual operating expenses and sales charges of WCFOX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.07% |
| Gross expense ratio | 2.32% |
| Fee waiver | −1.06% |
| Net expense ratio | 1.26% |
| 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 |
WCFOX Costs Over Time
On $10,000 invested in WCFOX, assuming 5% a year before costs, total costs come to $953 over 5 years, cutting the return by 1.62% 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 1.26%) | $132 | $410 | $708 |
| Trading costs (broker commissions) | $29 | $91 | $158 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $527 | $953 |
| Value after costs | $10,338 | $11,049 | $11,809 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
WCFOX 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): 0.2807%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): $62.1M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
WCFOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BERENBERG CAPITAL MARKETS LLC | $13K | 21.92% |
| UBS SECURITIES LLC | $9K | 14.88% |
| MORGAN STANLEY | $7K | 11.81% |
| EXANE, INC. | $6K | 10.51% |
| J.P. MORGAN SECURITIES LLC | $5K | 8.34% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $4K | 7.15% |
| ITAU BBA USA SECURITIES, INC. | $4K | 6.71% |
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 6.65% |
| CARNEGIE, INC. | $4K | 6.22% |
| JEFFERIES LLC | $4K | 5.80% |
WCFOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $59.0M | 95.00% |
| GOLDMAN SACHS & CO. LLC | $2.1M | 3.35% |
| J.P. MORGAN SECURITIES LLC | $869K | 1.40% |
| RBC CAPITAL MARKETS, LLC | $157K | 0.25% |
WCM Focused International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WCMOX | Institutional Class | 1.01% | none |
| WCFOX | Investor Class | 1.26% | 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.