WPOIX Fees and Costs — Partners III Opportunity Fund, Investor Class
Data updated: 2026-08-31
The net expense ratio is 1.84%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $99K in broker commissions, 0.0258% of average net assets, and portfolio turnover was 33%.
WPOIX Fees and Expenses
Annual operating expenses and sales charges of WPOIX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.84% |
| 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 |
WPOIX Costs Over Time
On $10,000 invested in WPOIX, assuming 5% a year before costs, total costs come to $1,147 over 5 years, cutting the return by 1.96% 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 1.84%) | $193 | $597 | $1,027 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $196 | $636 | $1,147 |
| Value after costs | $10,304 | $10,940 | $11,616 |
| Impact on return, per year | 1.96% | 1.96% | 1.96% |
WPOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0258%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $566.2M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $3K (0.001% of average net assets)
WPOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $99K | 100.00% |
WPOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $431.5M | 76.22% |
| Wells Fargo Securities, LLC | $73.4M | 12.97% |
| Scotia Capital (USA) Inc. | $15.8M | 2.80% |
| J.P. Morgan Securities LLC | $13.0M | 2.29% |
| Goldman Sachs & Co. LLC | $12.9M | 2.29% |
| Citadel Securities LLC | $11.0M | 1.94% |
| BofA Securities, Inc. | $7.9M | 1.40% |
| Northern Trust Securities, Inc. | $540K | 0.10% |
Partners III Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WPOPX | Institutional Class | 1.12% | none |
| WPOIX | Investor Class | 1.84% | none |
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.