WPGSX Fees and Costs — WPG Partners Select Small Cap Value Fund, Institutional Class
Data updated: 2026-07-28
The net expense ratio is 1.10%: a 0.90% management fee plus 0.23% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $414K in broker commissions, 0.4126% of average net assets, and portfolio turnover was 155%.
WPGSX Fees and Expenses
Annual operating expenses and sales charges of WPGSX. Prospectus, as of July 3, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.10% |
| 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 |
WPGSX Costs Over Time
On $10,000 invested in WPGSX, assuming 5% a year before costs, total costs come to $936 over 5 years, cutting the return by 1.59% 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 | $358 | $618 |
| Trading costs (broker commissions) | $43 | $134 | $232 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $936 |
| Value after costs | $10,341 | $11,059 | $11,826 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
WPGSX 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): 0.4126%
- Total broker commissions: $414K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 155%
- Securities lending: none during the year
WPGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $82K | 21.61% |
| GOLDMAN SACHS & CO. LLC | $70K | 18.52% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $59K | 15.52% |
| NATIONAL FINANCIAL SERVICES LLC | $42K | 11.06% |
| MORGAN STANLEY & CO. LLC | $40K | 10.45% |
| J.P. MORGAN SECURITIES LLC | $33K | 8.56% |
| JEFFERIES LLC | $26K | 6.81% |
| PERSHING LLC | $14K | 3.56% |
| LIQUIDNET INC. | $8K | 2.11% |
| PIPER JAFFRAY INVESTMENT MANAGEMENT, LLC | $7K | 1.80% |
WPGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $2.0M | 83.06% |
| BARCLAYS CAPITAL INC. | $413K | 16.94% |
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.