WPSMX Fees and Costs — WP Smaller Companies Income Plus Fund, Institutional Class Shares
Data updated: 2022-10-24
The net expense ratio is 3.34%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $7K in broker commissions, 0.0831% of average net assets, and portfolio turnover was 6%.
WPSMX Fees and Expenses
Annual operating expenses and sales charges of WPSMX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.63% |
| Gross expense ratio | 3.34% |
| Fee waiver | — |
| Net expense ratio | 3.34% |
| 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 | Yes |
WPSMX Costs Over Time
On $10,000 invested in WPSMX, assuming 5% a year before costs, total costs come to $2,040 over 5 years, cutting the return by 3.59% 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 3.34%) | $351 | $1,067 | $1,803 |
| Trading costs (broker commissions) | $9 | $27 | $45 |
| Lost growth on money paid in costs | $0 | $55 | $192 |
| Total costs | $359 | $1,149 | $2,040 |
| Value after costs | $10,141 | $10,428 | $10,723 |
| Impact on return, per year | 3.59% | 3.59% | 3.59% |
WPSMX 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): 0.0831%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
WPSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers Corp. | $7K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.