WPGHX Fees and Costs — WPG Partners Select Hedged Fund, Institutional Class
Data updated: 2025-07-29
The net expense ratio is 2.91% (2.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $120K in broker commissions, 0.2435% of average net assets, and portfolio turnover was 36%.
WPGHX Fees and Expenses
Annual operating expenses and sales charges of WPGHX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 2.96% |
| Fee waiver | −0.05% |
| Net expense ratio | 2.91% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WPGHX Costs Over Time
On $10,000 invested in WPGHX, assuming 5% a year before costs, total costs come to $1,889 over 5 years, cutting the return by 3.31% 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 2.91%) | $306 | $932 | $1,580 |
| Trading costs (broker commissions) | $26 | $78 | $132 |
| Lost growth on money paid in costs | $0 | $51 | $177 |
| Total costs | $331 | $1,061 | $1,889 |
| Value after costs | $10,169 | $10,515 | $10,873 |
| Impact on return, per year | 3.31% | 3.31% | 3.31% |
WPGHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2435%
- Total broker commissions: $120K
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
WPGHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $48K | 41.88% |
| RBC CAPITAL MARKETS LLC | $25K | 21.54% |
| J.P. MORGAN SECURITIES LLC | $10K | 8.46% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $9K | 7.66% |
| GOLDMAN SACHS & CO. LLC | $8K | 6.62% |
| UBS ASSET MANAGEMENT (US) INC. | $6K | 5.45% |
| NATIONAL FINANCIAL SERVICES LLC | $6K | 4.99% |
| EVERCORE GROUP L.L.C. | $1K | 1.25% |
| LIQUIDNET INC. | $1K | 1.20% |
| JEFFERIES LLC | $1K | 0.94% |
WPGHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $942K | 82.78% |
| BARCLAYS CAPITAL INC. | $196K | 17.22% |
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.