Fund Evaluator:

WPG Partners Small Cap Value Div Fund Overview

WPG Partners Small Cap Value Div Fund (WPGTX) is an actively managed U.S. Equity Small Value fund. Boston Partners launched the fund in 1972.

The investment seeks long-term growth of capital and outperformance of its benchmark net of fees. The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in equity securities of U.S. companies that, at the time of purchase, have a market capitalization that is within the range of the market capitalization of issuers in the Russell 2000® Value Index. It may invest in companies that may experience unusual and possibly unique developments which may create a special opportunity for significant returns.

About WPG Partners Small Cap Value Div Fund (WPGTX)

There are 2 members of the management team with an average tenure of 15.09 years: Eric Gandhi (2022), Gregory Weiss (1999). 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 Value TR USD index with a weighting of 100%. WPG Partners Small Cap Value Div Fund has 94 securities in its portfolio. The top 10 holdings constitute 22.6% 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.

WPG Partners Small Cap Value Div Fund is part of the Equity global asset class and is within the U.S. Equity fund group. WPG Partners Small Cap Value Div Fund has 11.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 85.3%. There is 11.7% 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). WPG Partners Small Cap Value Div Fund has 3.1% of the portfolio in cash.

Assets Under Management

The fund has $37 million in total assets, which is below the $417 million average for the Small Value 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.

WPGTX 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 WPG Partners Small Cap Value Div Fund expense ratio is high compared to funds in the Small Value category. WPG Partners Small Cap Value Div Fund has an expense ratio of 1.10%, which is 6% lower than its category average, making the fund expense ratio grade a C. 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. WPG Partners Small Cap Value Div Fund has a portfolio turnover rate of 92%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 128% for the Small Value category.

Recently, in the month of July 2026, WPG Partners Small Cap Value Div Fund returned -3.2%, which earned it a grade of F, as the Small Value category had an average return of -0.4%. 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.

WPG Partners Small Cap Value Div Fund has a trailing yield of 0.66%, which is below the 0.77% category average. The fund normally distributes its income annually and its capital gains 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.

WPG Partners Small Cap Value Div Fund Grades

Year to date, the fund has returned 19.2%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 29.0% over the past year (grade of C), 12.9% over the past three years (grade of C) and 12.5% per year over the past five years (grade of A) and 9.8% per year over the past 10 years (grade of C).

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 WPG Partners Small Cap Value Div Fund, including its riskiness, submit your email to unlock the rest of the article.