WPINX Fees and Costs — WP Income Plus Fund, Institutional Class Shares
Data updated: 2022-10-24
The net expense ratio is 4.67%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $8K in broker commissions, 0.1447% of average net assets, and portfolio turnover was 6%.
WPINX Fees and Expenses
Annual operating expenses and sales charges of WPINX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.66% |
| Gross expense ratio | 4.67% |
| Fee waiver | — |
| Net expense ratio | 4.67% |
| 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 | No |
| Waived fees subject to recoupment | No |
WPINX Costs Over Time
On $10,000 invested in WPINX, assuming 5% a year before costs, total costs come to $2,791 over 5 years, cutting the return by 5.06% 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 4.67%) | $490 | $1,470 | $2,449 |
| Trading costs (broker commissions) | $15 | $46 | $76 |
| Lost growth on money paid in costs | $0 | $77 | $266 |
| Total costs | $506 | $1,593 | $2,791 |
| Value after costs | $9,994 | $9,983 | $9,972 |
| Impact on return, per year | 5.06% | 5.06% | 5.06% |
WPINX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1447%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
WPINX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers Corp. | $8K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.