WMICX Fees and Costs — Wasatch Micro Cap Fund, Investor Class Shares
Data updated: 2026-08-26
The net expense ratio is 1.64%: a 1.50% management fee plus 0.14% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.2068% of average net assets, and portfolio turnover was 87%.
WMICX Fees and Expenses
Annual operating expenses and sales charges of WMICX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 1.64% |
| Fee waiver | — |
| Net expense ratio | 1.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
WMICX Costs Over Time
On $10,000 invested in WMICX, assuming 5% a year before costs, total costs come to $1,136 over 5 years, cutting the return by 1.94% 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 1.64%) | $172 | $533 | $915 |
| Trading costs (broker commissions) | $22 | $67 | $115 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $194 | $630 | $1,136 |
| Value after costs | $10,306 | $10,947 | $11,627 |
| Impact on return, per year | 1.94% | 1.94% | 1.94% |
WMICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2068%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $43.4M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
WMICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $247K | 20.80% |
| Canaccord Genuity LLC | $232K | 19.58% |
| BofA Securities, Inc. | $223K | 18.76% |
| BTIG, LLC | $212K | 17.88% |
| Nomura Securities International, Inc. | $107K | 9.03% |
| Evercore Group L.L.C. | $41K | 3.46% |
| SG Americas Securities, LLC | $37K | 3.15% |
| BMO Capital Markets Corp. | $35K | 2.95% |
| BNY Capital Markets, LLC | $35K | 2.95% |
| B. Riley Securities, Inc. | $17K | 1.44% |
WMICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.2M | 28.10% |
| Roth Capital Partners, LLC | $9.4M | 21.66% |
| Stifel, Nicolaus & Company, Incorporated | $7.3M | 16.70% |
| BofA Securities, Inc. | $5.4M | 12.37% |
| B. Riley Securities, Inc. | $3.8M | 8.77% |
| State Street Bank and Trust Company | $3.7M | 8.52% |
| Barclays Capital Inc. | $1.7M | 3.89% |
Wasatch Micro Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WGICX | Institutional Class Shares | 1.59% | none |
| WMICX | Investor Class Shares | 1.64% | 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.