WMIDX Fees and Costs — WCM Mid Cap Quality Value Fund, Investor Class
Data updated: 2026-05-22
The net expense ratio is 1.00%: a 0.65% management fee, a 0.25% 12b-1 fee plus 7.12% other expenses, less a 7.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0202% of average net assets, and portfolio turnover was 66%.
WMIDX Fees and Expenses
Annual operating expenses and sales charges of WMIDX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 7.12% |
| Gross expense ratio | 8.02% |
| Fee waiver | −7.02% |
| Net expense ratio | 1.00% |
| 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 |
WMIDX Costs Over Time
On $10,000 invested in WMIDX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
WMIDX 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): 0.0202%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $7K
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
WMIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $324 | 32.02% |
| SANFORD C. BERNSTEIN & CO., LLC | $252 | 24.90% |
| ROBERT W. BAIRD & CO. INCORPORATED | $193 | 19.07% |
| BANC OF AMERICA SECURITIES LLC | $182 | 17.98% |
| CANTOR FITZGERALD & CO. | $28 | 2.77% |
| KEYBANC CAPITAL MARKETS INC. | $23 | 2.27% |
| LIQUIDNET, INC. | $7 | 0.69% |
| VIRTU AMERICAS LLC | $3 | 0.30% |
| GOLDMAN SACHS & CO. LLC | $0 | 0.00% |
WMIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 63.29% |
| BANC OF AMERICA SECURITIES LLC | $2K | 31.69% |
| MORGAN STANLEY | $347 | 5.02% |
WCM Mid Cap Quality Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WMVYX | Class Y | 0.66% | none |
| WCMAX | Institutional Class | 0.75% | none |
| WMIDX | Investor Class | 1.00% | 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.