WCMSX Fees and Costs — WCM International Small Cap Growth Fund, Institutional Class
Data updated: 2026-08-27
The net expense ratio is 1.26%: a 1.00% management fee plus 0.39% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $805K in broker commissions, 0.2500% of average net assets, and portfolio turnover was 116%.
WCMSX Fees and Expenses
Annual operating expenses and sales charges of WCMSX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.13% |
| 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 |
WCMSX Costs Over Time
On $10,000 invested in WCMSX, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 | $411 | $708 |
| Trading costs (broker commissions) | $26 | $81 | $141 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $935 |
| Value after costs | $10,341 | $11,060 | $11,828 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
WCMSX 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): 0.2500%
- Total broker commissions: $805K
- Bought from dealers (principal trades, not a cost): $594.4M
- Portfolio turnover (prospectus): 116%
- Securities lending: none during the year
WCMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $119K | 20.62% |
| BERENBERG CAPITAL MARKETS LLC | $91K | 15.81% |
| CARNEGIE, INC. | $75K | 13.04% |
| J.P. MORGAN SECURITIES LLC | $73K | 12.61% |
| MORGAN STANLEY | $54K | 9.45% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $43K | 7.43% |
| GOLDMAN SACHS & CO. LLC | $36K | 6.19% |
| JEFFERIES LLC | $35K | 6.04% |
| UBS SECURITIES LLC | $27K | 4.61% |
| HSBC SECURITIES (USA) INC. | $24K | 4.19% |
WCMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $581.6M | 97.85% |
| GOLDMAN SACHS & CO. LLC | $7.3M | 1.23% |
| J.P. MORGAN SECURITIES LLC | $5.5M | 0.92% |
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.