WELIX Fees and Costs — William Blair Emerging Markets Leaders Fund, Class R6
Data updated: 2026-08-14
The net expense ratio is 0.94%: a 0.94% management fee plus 0.24% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $234K in broker commissions, 0.1631% of average net assets, and portfolio turnover was 79%.
WELIX Fees and Expenses
Annual operating expenses and sales charges of WELIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WELIX Costs Over Time
On $10,000 invested in WELIX, assuming 5% a year before costs, total costs come to $689 over 5 years, cutting the return by 1.16% 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 0.94%) | $99 | $308 | $533 |
| Trading costs (broker commissions) | $17 | $53 | $92 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $379 | $689 |
| Value after costs | $10,384 | $11,197 | $12,074 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
WELIX 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): 0.1631%
- Total broker commissions: $234K
- Bought from dealers (principal trades, not a cost): $368.2M
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
WELIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $56K | 28.72% |
| J.P. Morgan Securities LLC | $36K | 18.34% |
| Morgan Stanley & Co. LLC | $34K | 17.24% |
| CLSA Americas, LLC | $24K | 12.47% |
| Goldman Sachs & Co. LLC | $10K | 4.96% |
| CICC US Securities, Inc. | $9K | 4.56% |
| SG Americas Securities, LLC | $7K | 3.85% |
| Jefferies LLC | $7K | 3.53% |
| TD Securities (USA) LLC | $7K | 3.49% |
| Citigroup Global Markets Inc. | $6K | 2.83% |
WELIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $366.7M | 99.58% |
| Morgan Stanley & Co. LLC | $1.2M | 0.32% |
| HSBC Securities (USA) Inc. | $335K | 0.09% |
William Blair Emerging Markets Leaders Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WELIX | Class R6 | 0.94% | none |
| WBELX | Class I | 0.99% | none |
| WELNX | Class N | 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.