WRLDX Fees and Costs — Scharf Global Opportunity Fund, Institutional Class
Data updated: 2025-08-19
The net expense ratio is 0.63%: a 0.70% management fee plus 0.69% other expenses, less a 0.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $8K in broker commissions, 0.0280% of average net assets, and portfolio turnover was 32%.
WRLDX Fees and Expenses
Annual operating expenses and sales charges of WRLDX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.76% |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
WRLDX Costs Over Time
On $10,000 invested in WRLDX, assuming 5% a year before costs, total costs come to $414 over 5 years, cutting the return by 0.69% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $414 |
| Value after costs | $10,431 | $11,349 | $12,348 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
WRLDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0280%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
WRLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO. LLC | $7K | 92.51% |
| SKANDINAVISKA ENSKILDA BANKEN AB | $328 | 4.37% |
| LEERINK PARTNERS LLC | $144 | 1.92% |
| COWEN AND COMPANY LLC | $90 | 1.20% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.