WLCTX Fees and Costs — Wilshire International Equity Fund, Investment Class
Data updated: 2026-08-24
The net expense ratio is 1.50%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.51% other expenses, less a 0.26% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $129K in broker commissions, 0.0577% of average net assets, and portfolio turnover was 54%.
WLCTX Fees and Expenses
Annual operating expenses and sales charges of WLCTX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WLCTX Costs Over Time
On $10,000 invested in WLCTX, assuming 5% a year before costs, total costs come to $964 over 5 years, cutting the return by 1.64% 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 1.50%) | $158 | $489 | $842 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $533 | $964 |
| Value after costs | $10,336 | $11,044 | $11,799 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
WLCTX 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): 0.0577%
- Total broker commissions: $129K
- Bought from dealers (principal trades, not a cost): $18.4M
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $460K
- Net income from securities lending: $4K (0.002% of average net assets)
WLCTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET LLC | $14K | 15.54% |
| MORGAN STANLEY & CO. LLC | $13K | 14.87% |
| BARCLAYS CAPITAL INC. | $12K | 13.42% |
| SG AMERICAS SECURITIES LLC | $11K | 12.58% |
| J.P. MORGAN SECURITIES LLC | $8K | 8.72% |
| GOLDMAN SACHS & CO. LLC | $8K | 8.54% |
| JEFFERIES LLC | $7K | 8.44% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $7K | 7.65% |
| UBS ASSET MANAGEMENT (US) INC. | $5K | 5.37% |
| VIRTU ITG LLC | $4K | 4.86% |
WLCTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $3.8M | 22.85% |
| WELLS FARGO SECURITIES LLC | $2.4M | 14.60% |
| J.P. MORGAN SECURITIES LLC | $1.8M | 11.01% |
| GOLDMAN SACHS & CO. LLC | $1.6M | 9.94% |
| CITIGROUP GLOBAL MARKETS INC. | $1.5M | 8.96% |
| BARCLAYS CAPITAL INC. | $1.4M | 8.71% |
| CITADEL SECURITIES LLC | $1.3M | 7.97% |
| BOFA SECURITIES INC. | $1.2M | 7.19% |
| NOMURA SECURITIES INTERNATIONAL INC. | $771K | 4.70% |
| DEUTSCHE BANK SECURITIES INC. | $670K | 4.08% |
Wilshire International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WLTTX | Institutional Class | 1.25% | none |
| WLCTX | Investment Class | 1.50% | 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.