Fund Evaluator:
WCM Small Cap Growth Investor (WCMNX)
Follow This Fund
Best Performing in Small Growth Over the Last Year
| 49.6% | Oberweis Micro-Cap (OBMCX) |
| 49.1% | Emerald Growth Investor (FFGRX) |
| 45.1% | Hood River New Opportunities Investor (HRNIX) |
| 43.9% | FullerThaler Behavioral Sm-Cp Gr Inv (FTXNX) |
| 41.7% | Oberweis Small-Cap Opportunities (OBSOX) |
Fund Details
WCM Small Cap Growth Investor Overview
WCM Small Cap Growth Investor (WCMNX) is an actively managed U.S. Equity Small Growth fund. WCM Investment Management launched the fund in 2019.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small capitalization companies. It primarily invests in common stocks of U.S. companies. The fund may also invest in real estate investment trusts ("REITs").
About WCM Small Cap Growth Investor (WCMNX)
There are 2 members of the management team with an average tenure of 6.76 years: John Rackers (2019), Chad Hoffman (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. WCM Small Cap Growth Investor has 70 securities in its portfolio. The top 10 holdings constitute 24.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
WCM Small Cap Growth Investor is part of the Equity global asset class and is within the U.S. Equity fund group. WCM Small Cap Growth Investor has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.6%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WCM Small Cap Growth Investor has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $182 million in total assets, which is below the $431 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WCMNX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WCM Small Cap Growth Investor expense ratio is high compared to funds in the Small Growth category. WCM Small Cap Growth Investor has an expense ratio of 1.24%, which is 5% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WCM Small Cap Growth Investor has a portfolio turnover rate of 89%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.
Recently, in the month of July 2026, WCM Small Cap Growth Investor returned -8.3%, which earned it a grade of D, as the Small Growth category had an average return of -6.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
WCM Small Cap Growth Investor has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WCM Small Cap Growth Investor Grades
Year to date, the fund has returned 8.0%, 5.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 14.6% over the past year (grade of D), 6.2% over the past three years (grade of F) and 0.9% per year over the past five years (grade of D).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about WCM Small Cap Growth Investor, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
WCMNX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WCMNX Return (NAV) | -8.3% | 1.3% | 14.6% | 6.2% | 0.9% | na |
| WCMNX Grade | D | D | D | F | D | na |
| +/- Category | -1.6% | -2.4% | -8.1% | -6.1% | -2.4% | na |
| Small Growth Avg | -6.7% | 3.7% | 22.7% | 12.4% | 3.3% | 11.2% |
| WCMNX Tax Cost Ratio | na | na | 0.2% | 0.1% | 0.6% | na |
WCMNX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WCMNX Return (NAV) | 8.0% | 7.8% | 4.0% | 15.6% | -23.5% | 4.9% | 38.9% | na | na | na | na |
| WCMNX Grade | F | C | F | C | A | D | C | na | na | na | na |
| +/- Category | -5.7% | -0.2% | -11.5% | -1.1% | 4.5% | -5.6% | -3.0% | na | na | na | na |
| Small Growth Avg | 13.6% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 20.3% |
| Total Risk Index: | 1.65 - High |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (51% Rank) |
| Beta: | 1.29 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $51 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 89% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.8 years | |||
| Average Tenure: 6.8 years | |||
| Managers (Year): Rackers John (2019), Hoffman Chad (2019) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 24.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 96.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 3.5% |
Purchase Information
| Fund Family: | WCM Investment Management |
| Phone Number: | 888-988-9801 |
| Website: | http://www.lsthetafund.com/ |
| Status: | Closed |
| Inception Date: | October 30, 2019 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.24% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | WCM Small Cap Growth Institutional |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
