WSVIX Fees and Costs — Walthausen Focused Small Cap Value Fund, Institutional Class
Data updated: 2022-12-15
The net expense ratio is 0.85%: a 0.85% management fee plus 0.20% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $10K in broker commissions, 0.0762% of average net assets, and portfolio turnover was 60%.
WSVIX Fees and Expenses
Annual operating expenses and sales charges of WSVIX. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.85% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
WSVIX Costs Over Time
On $10,000 invested in WSVIX, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $319 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
WSVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0762%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
WSVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN EXECUTION SERVICES LLC | $2K | 24.60% |
| VIRTU AMERICAS LLC | $1K | 18.94% |
| INSTINET LLC | $751 | 9.64% |
| WELLINGTON SHIELDS & CO LLC | $658 | 8.45% |
| O'NEIL SECURITIES INC | $649 | 8.33% |
| STONEX FINANCIAL INC | $584 | 7.50% |
| FBN SECURITIES INC | $562 | 7.21% |
| OPPENHEIMER AND CO INC | $456 | 5.86% |
| STEPHENS INC | $393 | 5.05% |
| B. RILEY WEALTH MANAGEMENT | $344 | 4.41% |
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.