WPGTX Fees and Costs — WPG Partners Small Cap Value Diversified Fund, Institutional Class
Data updated: 2026-07-28
The net expense ratio is 1.10%: a 0.80% management fee plus 0.41% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $56K in broker commissions, 0.1853% of average net assets, and portfolio turnover was 92%.
WPGTX Fees and Expenses
Annual operating expenses and sales charges of WPGTX. Prospectus, as of July 3, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.11% |
| 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 |
WPGTX Costs Over Time
On $10,000 invested in WPGTX, assuming 5% a year before costs, total costs come to $799 over 5 years, cutting the return by 1.35% 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 | $61 | $105 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $441 | $799 |
| Value after costs | $10,365 | $11,136 | $11,963 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
WPGTX 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): 0.1853%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $199K
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $6.8M
- Net income from securities lending: $21K (0.070% of average net assets)
WPGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $11K | 20.83% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $9K | 16.85% |
| GOLDMAN SACHS & CO. LLC | $8K | 14.68% |
| J.P. MORGAN SECURITIES LLC | $8K | 14.07% |
| MORGAN STANLEY & CO. LLC | $7K | 12.85% |
| UBS ASSET MANAGEMENT (US) INC. | $6K | 11.37% |
| NATIONAL FINANCIAL SERVICES LLC | $3K | 5.42% |
| JEFFERIES LLC | $1K | 2.15% |
| ACADEMY SECURITIES INC. | $527 | 0.98% |
| EVERCORE GROUP LLC | $428 | 0.80% |
WPGTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $137K | 68.56% |
| BARCLAYS CAPITAL INC. | $63K | 31.44% |
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.