C000017844 Fees and Costs — Western Asset Management Strategic Bond Opportunities Portfolio, Class E
Data updated: 2026-08-27
The net expense ratio is 0.72%: a 0.58% management fee, a 0.15% 12b-1 fee plus 0.04% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $140K in broker commissions, 0.0073% of average net assets, and portfolio turnover was 85%.
C000017844 Fees and Expenses
Annual operating expenses and sales charges of C000017844. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.72% |
| 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 |
C000017844 Costs Over Time
On $10,000 invested in C000017844, assuming 5% a year before costs, total costs come to $457 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $457 |
| Value after costs | $10,424 | $11,326 | $12,305 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
C000017844 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0073%
- Total broker commissions: $140K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $287.8M
- Net income from securities lending: $998K (0.052% of average net assets)
C000017844 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $117K | 83.89% |
| Citigroup Global Markets Inc. | $17K | 11.86% |
| Barclays Capital Inc. | $5K | 3.37% |
| Stifel, Nicolaus & Company, Incorporated | $910 | 0.65% |
| J.P. Morgan Securities LLC | $323 | 0.23% |
C000017844 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $605.1M | 22.72% |
| J.P. Morgan Securities LLC | $558.0M | 20.95% |
| Goldman Sachs & Co. LLC | $387.2M | 14.54% |
| BNP Paribas Securities Corp. | $304.9M | 11.45% |
| Citigroup Global Markets Inc. | $283.4M | 10.64% |
| BofA Securities, Inc. | $184.4M | 6.92% |
| Wells Fargo Securities, LLC | $100.3M | 3.76% |
| Barclays Capital Inc. | $87.3M | 3.28% |
| Jefferies LLC | $76.9M | 2.89% |
| BNY Capital Markets, LLC | $76.0M | 2.85% |
Western Asset Management Strategic Bond Opportunities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017842 | Class A | 0.57% | — |
| C000017844 | Class E | 0.72% | — |
| C000017843 | Class B | 0.82% | — |
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.