WTLS Fees and Costs — WisdomTree Efficient Long/Short U.S. Equity Fund
Data updated: 2026-09-14
The net expense ratio is 0.88%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $404 in broker commissions, 0.0042% of average net assets.
WTLS Fees and Expenses
Annual operating expenses and sales charges of WTLS. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
WTLS Costs Over Time
On $10,000 invested in WTLS, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,208 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
WTLS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0042%
- Total broker commissions: $404
- Bought from dealers (principal trades, not a cost): $26.4M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
WTLS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $402 | 99.50% |
| BOFA SECURITIES, INC. | $2 | 0.50% |
WTLS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO HARRIS FINANCIAL ADVISORS, INC. | $16.6M | 63.06% |
| MORGAN STANLEY & CO. LLC | $5.3M | 20.13% |
| J.P. Morgan Securities LLC | $2.3M | 8.61% |
| BOFA SECURITIES, INC. | $2.1M | 7.83% |
| WELLS FARGO SECURITIES, LLC | $99K | 0.37% |
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.