WTBN Fees and Costs — WisdomTree Bianco Total Return Fund
Data updated: 2026-07-30
The net expense ratio is 0.60% (0.64% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0197% of average net assets, and portfolio turnover was 154%.
WTBN Fees and Expenses
Annual operating expenses and sales charges of WTBN. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WTBN Costs Over Time
On $10,000 invested in WTBN, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
WTBN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0197%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $80.1M
- Portfolio turnover (prospectus): 154%
- Securities on loan, average value: $6.3M
- Net income from securities lending: $4K (0.009% of average net assets)
WTBN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $7K | 78.27% |
| CITADEL SECURITIES LLC | $1K | 11.41% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $675 | 7.34% |
| J.P. Morgan Securities LLC | $205 | 2.23% |
| BOFA SECURITIES, INC. | $31 | 0.34% |
| UBS Securities LLC | $16 | 0.17% |
| MORGAN STANLEY & CO. LLC | $10 | 0.11% |
| PIPER SANDLER & CO. | $7 | 0.08% |
| GOLDMAN SACHS & CO. LLC | $4 | 0.04% |
| RBC CAPITAL MARKETS, LLC | $1 | 0.01% |
WTBN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $29.9M | 37.36% |
| GOLDMAN SACHS & CO. LLC | $23.3M | 29.11% |
| BOFA SECURITIES, INC. | $19.6M | 24.44% |
| VIRTU AMERICAS LLC | $7.3M | 9.09% |
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.