WCMIX Fees and Costs — WCM Focused International Growth Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 1.05%: a 0.85% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12.9M in broker commissions, 0.0649% of average net assets, and portfolio turnover was 23%.
WCMIX Fees and Expenses
Annual operating expenses and sales charges of WCMIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 | No |
| Waived fees subject to recoupment | No |
WCMIX Costs Over Time
On $10,000 invested in WCMIX, assuming 5% a year before costs, total costs come to $696 over 5 years, cutting the return by 1.17% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $383 | $696 |
| Value after costs | $10,383 | $11,193 | $12,067 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
WCMIX 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): 0.0649%
- Total broker commissions: $12.9M
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
WCMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $4.1M | 40.31% |
| J.P. MORGAN SECURITIES LLC | $1.8M | 17.53% |
| BANC OF AMERICA SECURITIES LLC | $978K | 9.56% |
| MORGAN STANLEY | $809K | 7.91% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $527K | 5.15% |
| GOLDMAN SACHS & CO. LLC | $494K | 4.83% |
| BERENBERG CAPITAL MARKETS LLC | $410K | 4.01% |
| BIDS TRADING L.P. | $387K | 3.78% |
| CARNEGIE, INC. | $361K | 3.53% |
| KEPLER CAPITAL MARKETS, INC. | $346K | 3.38% |
WCMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $8.7B | 99.97% |
| BANC OF AMERICA SECURITIES LLC | $2.6M | 0.03% |
WCM Focused International 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 |
|---|---|---|---|
| WCMIX | Institutional Class | 1.05% | none |
| WCMRX | Investor Class | 1.30% | 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.