WCMNX Fees and Costs — WCM Small Cap Growth Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 1.24%: a 0.99% management fee, a 0.25% 12b-1 fee plus 0.80% other expenses, less a 0.80% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0415% of average net assets, and portfolio turnover was 89%.
WCMNX Fees and Expenses
Annual operating expenses and sales charges of WCMNX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.80% |
| Gross expense ratio | 2.04% |
| Fee waiver | −0.80% |
| Net expense ratio | 1.24% |
| 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 |
WCMNX Costs Over Time
On $10,000 invested in WCMNX, assuming 5% a year before costs, total costs come to $797 over 5 years, cutting the return by 1.35% 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 1.24%) | $130 | $405 | $700 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $135 | $439 | $797 |
| Value after costs | $10,365 | $11,137 | $11,966 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
WCMNX 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): 0.0415%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $261K
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
WCMNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $6K | 36.82% |
| NEEDHAM & COMPANY, LLC | $3K | 19.02% |
| CANACCORD GENUITY INC. | $3K | 15.79% |
| WELLS FARGO CLEARING SERVICES, LLC | $2K | 11.96% |
| KEYBANC | $1K | 6.31% |
| LIQUIDNET, INC. | $853 | 4.84% |
| BIDS TRADING L.P. | $617 | 3.50% |
| Jones Trading | $187 | 1.06% |
| MORGAN STANLEY | $78 | 0.44% |
| BTIG | $45 | 0.26% |
WCMNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $261K | 100.00% |
WCM Small Cap 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 |
|---|---|---|---|
| WCMLX | Institutional Class | 0.99% | none |
| WCMNX | Investor Class | 1.24% | 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.