WCMCX Fees and Costs — WCM China Quality Growth Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 1.27%: a 1.00% management fee plus 16.91% other expenses, less a 16.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.1779% of average net assets, and portfolio turnover was 92%.
WCMCX Fees and Expenses
Annual operating expenses and sales charges of WCMCX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 16.91% |
| Gross expense ratio | 17.91% |
| Fee waiver | −16.64% |
| Net expense ratio | 1.27% |
| 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 |
WCMCX Costs Over Time
On $10,000 invested in WCMCX, assuming 5% a year before costs, total costs come to $898 over 5 years, cutting the return by 1.52% 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 1.27%) | $133 | $414 | $715 |
| Trading costs (broker commissions) | $19 | $58 | $100 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $496 | $898 |
| Value after costs | $10,348 | $11,081 | $11,865 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
WCMCX 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): 0.1779%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
WCMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA) INC. | $1K | 35.48% |
| J.P. MORGAN SECURITIES LLC | $548 | 17.25% |
| SANFORD C. BERNSTEIN & CO., LLC | $370 | 11.65% |
| MACQUARIE CAPITAL (USA) INC. | $253 | 7.97% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $211 | 6.64% |
| MORGAN STANLEY | $206 | 6.49% |
| BTIG, LLC | $139 | 4.38% |
| JEFFERIES LLC | $136 | 4.28% |
| GOLDMAN SACHS & CO. LLC | $101 | 3.18% |
| BOFA SECURITIES, INC. | $85 | 2.68% |
WCMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $2.3M | 100.00% |
WCM China Quality Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WCMCX | Institutional Class | 1.27% | none |
| WCQGX | Investor Class | 1.52% | 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.