WLIVX Fees and Costs — WCM Focused International Equity Fund, Investor Class
Data updated: 2026-08-27
The net expense ratio is 1.10%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.78% other expenses, less a 0.78% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $94K in broker commissions, 0.1783% of average net assets, and portfolio turnover was 31%.
WLIVX Fees and Expenses
Annual operating expenses and sales charges of WLIVX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.78% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.78% |
| 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 |
WLIVX Costs Over Time
On $10,000 invested in WLIVX, assuming 5% a year before costs, total costs come to $795 over 5 years, cutting the return by 1.34% 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 | $359 | $621 |
| Trading costs (broker commissions) | $19 | $58 | $101 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $795 |
| Value after costs | $10,366 | $11,138 | $11,968 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
WLIVX 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): 0.1783%
- Total broker commissions: $94K
- Bought from dealers (principal trades, not a cost): $46.2M
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
WLIVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES LLC | $21K | 27.49% |
| MORGAN STANLEY | $10K | 13.26% |
| UBS SECURITIES LLC | $9K | 11.96% |
| Peel Hunt, Inc. | $8K | 10.45% |
| BERENBERG CAPITAL MARKETS LLC | $8K | 10.39% |
| BNP Paribas Exane | $6K | 7.44% |
| KEPLER CAPITAL MARKETS, INC. | $5K | 6.40% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $4K | 4.78% |
| JEFFERIES LLC | $3K | 3.95% |
| J.P. MORGAN SECURITIES LLC | $3K | 3.88% |
WLIVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN & CO. | $46.2M | 100.00% |
WCM Focused 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 |
|---|---|---|---|
| WCMVX | Institutional Class | 0.85% | none |
| WLIVX | Investor Class | 1.10% | 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.