WPLCX Fees and Costs — WP Large Cap Income Plus Fund, Institutional Class Shares
Data updated: 2026-07-10
The net expense ratio is 2.21%: a 1.35% management fee, a 0.10% 12b-1 fee plus 0.76% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 4%.
WPLCX Fees and Expenses
Annual operating expenses and sales charges of WPLCX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.21% |
| Fee waiver | — |
| Net expense ratio | 2.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
WPLCX Costs Over Time
On $10,000 invested in WPLCX, assuming 5% a year before costs, total costs come to $1,353 over 5 years, cutting the return by 2.33% 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 2.21%) | $232 | $715 | $1,224 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $36 | $126 |
| Total costs | $233 | $753 | $1,353 |
| Value after costs | $10,267 | $10,823 | $11,410 |
| Impact on return, per year | 2.33% | 2.33% | 2.33% |
WPLCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
WPLCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers Corp. | $2K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.