WILNX Fees and Costs — William Blair International Leaders Fund, Class N
Data updated: 2026-08-14
The net expense ratio is 1.15%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.0986% of average net assets, and portfolio turnover was 91%.
WILNX Fees and Expenses
Annual operating expenses and sales charges of WILNX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.15% |
| 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 |
WILNX Costs Over Time
On $10,000 invested in WILNX, assuming 5% a year before costs, total costs come to $777 over 5 years, cutting the return by 1.31% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $10 | $32 | $56 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $777 |
| Value after costs | $10,369 | $11,148 | $11,986 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
WILNX 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): 0.0986%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $4.3B
- Portfolio turnover (prospectus): 91%
- Securities lending: none during the year
WILNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $165K | 18.57% |
| J.P. Morgan Securities LLC | $161K | 18.20% |
| Nomura Securities International, Inc. | $125K | 14.10% |
| Goldman Sachs & Co. LLC | $84K | 9.46% |
| Jefferies LLC | $71K | 8.04% |
| CLSA Americas, LLC | $67K | 7.52% |
| UBS Securities LLC | $61K | 6.87% |
| BofA Securities, Inc. | $53K | 6.03% |
| BNP Paribas Securities Corp. | $51K | 5.75% |
| SG Americas Securities, LLC | $48K | 5.45% |
WILNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.3B | 100.00% |
William Blair International 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 |
|---|---|---|---|
| WILJX | Class R6 | 0.85% | none |
| WILIX | Class I | 0.90% | none |
| WILNX | Class N | 1.15% | 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.