WRAAX Fees and Costs — Wilmington Global Alpha Equities Fund, Class A
Data updated: 2026-09-24
The net expense ratio is 1.50%: a 1.15% management fee, a 0.25% 12b-1 fee plus 0.55% other expenses, less a 0.46% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $119K in broker commissions, 0.0491% of average net assets, and portfolio turnover was 66%.
WRAAX Fees and Expenses
Annual operating expenses and sales charges of WRAAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.46% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WRAAX Costs Over Time
On $10,000 invested in WRAAX, assuming 5% a year before costs, total costs come to $1,608 over 5 years, cutting the return by 2.79% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.50%) | $149 | $462 | $796 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $27 | $110 | $235 |
| Total costs | $731 | $1,137 | $1,608 |
| Value after costs | $9,769 | $10,439 | $11,155 |
| Impact on return, per year | 7.31% | 3.56% | 2.79% |
WRAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0491%
- Total broker commissions: $119K
- Bought from dealers (principal trades, not a cost): $209K
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
WRAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $20K | 20.31% |
| MORGAN STANLEY & CO. LLC | $16K | 16.08% |
| BOFA SECURITIES, INC. | $11K | 11.00% |
| J.P. Morgan Securities LLC | $11K | 10.91% |
| UBS SECURITIES LLC | $10K | 9.77% |
| CitiGroup Global Markets Inc. | $9K | 8.96% |
| BARCLAYS CAPITAL, INC. | $8K | 8.18% |
| JEFFERIES LLC | $6K | 5.89% |
| INSTINET LLC | $5K | 4.89% |
| BNP PARIBAS SECURITIES CORP. | $4K | 4.02% |
WRAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $98K | 46.58% |
| J.P. Morgan Securities LLC | $61K | 29.21% |
| MORGAN STANLEY & CO. LLC | $20K | 9.45% |
| BARCLAYS CAPITAL, INC. | $16K | 7.64% |
| JEFFERIES LLC | $15K | 7.11% |
Wilmington Global Alpha Equities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WRAIX | Class I | 1.25% | none |
| WRAAX | Class A | 1.50% | 5.50% |
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.