WVAIX Fees and Costs — Large Cap Equity Fund, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 0.86%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $80K in broker commissions, 0.0101% of average net assets, and portfolio turnover was 9%.
WVAIX Fees and Expenses
Annual operating expenses and sales charges of WVAIX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 | No |
| Waived fees subject to recoupment | No |
WVAIX Costs Over Time
On $10,000 invested in WVAIX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
WVAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0101%
- Total broker commissions: $80K
- Bought from dealers (principal trades, not a cost): $473.0M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $2K (0.000% of average net assets)
WVAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northern Trust Securities, Inc. | $80K | 100.00% |
WVAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $424.5M | 89.74% |
| Wells Fargo Securities, LLC | $28.8M | 6.08% |
| Scotia Capital (USA) Inc. | $19.8M | 4.18% |
Large Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WVAIX | Institutional Class | 0.86% | none |
| WVALX | Investor Class | 1.03% | none |
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.