WTMF Fees and Costs — WisdomTree Managed Futures Strategy Fund
Data updated: 2026-07-30
The net expense ratio is 0.66% (0.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0185% of average net assets, and portfolio turnover was 96%.
WTMF Fees and Expenses
Annual operating expenses and sales charges of WTMF. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.66% |
| 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 |
WTMF Costs Over Time
On $10,000 invested in WTMF, assuming 5% a year before costs, total costs come to $427 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $234 | $427 |
| Value after costs | $10,429 | $11,342 | $12,336 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
WTMF 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): 0.0185%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $596.2M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $135 (0.000% of average net assets)
WTMF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $32K | 98.62% |
| CitiGroup Global Markets Inc. | $393 | 1.21% |
| JEFFERIES LLC | $56 | 0.17% |
WTMF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $156.7M | 26.28% |
| GOLDMAN SACHS & CO. LLC | $148.8M | 24.96% |
| J.P. Morgan Securities LLC | $138.0M | 23.15% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $67.9M | 11.39% |
| BNP PARIBAS SECURITIES CORP. | $62.8M | 10.54% |
| Wells Fargo Securities LLC | $12.4M | 2.09% |
| CitiGroup Global Markets Inc. | $7.5M | 1.25% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.0M | 0.34% |
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.