WCMUX Fees and Costs — WCM Developing World Equity Fund, Investor Class
Data updated: 2024-11-25
The net expense ratio is 1.20%: a 0.95% management fee, a 0.25% 12b-1 fee plus 14.42% other expenses, less a 14.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0975% of average net assets, and portfolio turnover was 46%.
WCMUX Fees and Expenses
Annual operating expenses and sales charges of WCMUX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 14.42% |
| Gross expense ratio | 15.62% |
| Fee waiver | −14.42% |
| Net expense ratio | 1.20% |
| 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 |
WCMUX Costs Over Time
On $10,000 invested in WCMUX, assuming 5% a year before costs, total costs come to $807 over 5 years, cutting the return by 1.36% 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 1.20%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $445 | $807 |
| Value after costs | $10,364 | $11,131 | $11,956 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
WCMUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0975%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
WCMUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $456 | 25.43% |
| SANFORD C. BERNSTEIN & CO., LLC | $323 | 18.01% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $240 | 13.39% |
| MAYBANK KIM ENG SECURITIES USA INC. | $227 | 12.66% |
| BANC OF AMERICA SECURITIES LLC | $142 | 7.92% |
| KOREA INVESTMENT & SECURITIES AMERICA, INC. | $97 | 5.41% |
| HSBC SECURITIES (USA) INC. | $95 | 5.30% |
| GOLDMAN SACHS & CO. LLC | $81 | 4.52% |
| BTG PACTUAL US CAPITAL, LLC | $66 | 3.68% |
| KOTAK MAHINDRA (UK) LIMITED | $66 | 3.68% |
WCMUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $1.4M | 99.79% |
| BARCLAYS CAPITAL INC. | $2K | 0.11% |
| BANC OF AMERICA SECURITIES LLC | $1K | 0.09% |
| VIRTU AMERICAS LLC | $204 | 0.01% |
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.