WCMJX Fees and Costs — WCM SMID Quality Value Fund, Investor Class
Data updated: 2026-03-11
The net expense ratio is 1.15%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses, less a 0.55% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39K in broker commissions, 0.0795% of average net assets, and portfolio turnover was 15%.
WCMJX Fees and Expenses
Annual operating expenses and sales charges of WCMJX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.70% |
| Fee waiver | −0.55% |
| Net expense ratio | 1.15% |
| 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 |
WCMJX Costs Over Time
On $10,000 invested in WCMJX, assuming 5% a year before costs, total costs come to $766 over 5 years, cutting the return by 1.29% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $422 | $766 |
| Value after costs | $10,371 | $11,154 | $11,997 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
WCMJX 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): 0.0795%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
WCMJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $29K | 74.51% |
| CANTOR FITZGERALD & CO. | $5K | 13.09% |
| BANC OF AMERICA SECURITIES LLC | $2K | 6.28% |
| RAYMOND JAMES (USA) LTD. | $730 | 1.87% |
| BTIG, LLC | $689 | 1.77% |
| LIQUIDNET, INC. | $587 | 1.50% |
| JEFFERIES LLC | $176 | 0.45% |
| MORGAN STANLEY | $97 | 0.25% |
| GOLDMAN SACHS & CO. LLC | $61 | 0.16% |
| SANFORD C. BERNSTEIN & CO., LLC | $48 | 0.12% |
WCM SMID Quality Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WCMFX | Institutional Class | 0.90% | none |
| WCMJX | Investor Class | 1.15% | 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.