WESGX Fees and Costs — WCM International Equity Fund, Investor Class
Data updated: 2024-11-25
The net expense ratio is 1.10%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.63% other expenses, less a 0.63% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $60K in broker commissions, 0.0893% of average net assets, and portfolio turnover was 39%.
WESGX Fees and Expenses
Annual operating expenses and sales charges of WESGX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.73% |
| Fee waiver | −0.63% |
| Net expense ratio | 1.10% |
| 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 |
WESGX Costs Over Time
On $10,000 invested in WESGX, assuming 5% a year before costs, total costs come to $741 over 5 years, cutting the return by 1.25% 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 1.10%) | $116 | $360 | $622 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,022 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
WESGX 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): 0.0893%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $40.8M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
WESGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11K | 19.67% |
| SANFORD C. BERNSTEIN & CO., LLC | $11K | 19.17% |
| BANC OF AMERICA SECURITIES LLC | $10K | 16.74% |
| GOLDMAN SACHS & CO. LLC | $8K | 13.47% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $7K | 12.06% |
| BERENBERG CAPITAL MARKETS LLC | $4K | 7.28% |
| MORGAN STANLEY | $3K | 5.84% |
| HSBC SECURITIES (USA) INC. | $2K | 3.28% |
| SCOTIA CAPITAL (USA) INC. | $754 | 1.30% |
| VIRTU AMERICAS LLC | $685 | 1.18% |
WESGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $40.8M | 100.00% |
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.