C000017847 Fees and Costs — Western Asset Management U.S. Government Portfolio, Class E
Data updated: 2026-08-27
The net expense ratio is 0.65%: a 0.49% management fee, a 0.15% 12b-1 fee plus 0.04% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 185%.
C000017847 Fees and Expenses
Annual operating expenses and sales charges of C000017847. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.65% |
| 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 |
C000017847 Costs Over Time
On $10,000 invested in C000017847, assuming 5% a year before costs, total costs come to $410 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $225 | $410 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000017847 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): 0.0009%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $4.9B
- Portfolio turnover (prospectus): 185%
- Securities on loan, average value: $17.2M
- Net income from securities lending: $11K (0.001% of average net assets)
C000017847 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $11K | 100.00% |
C000017847 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.9B | 38.92% |
| J.P. Morgan Securities LLC | $807.0M | 16.79% |
| Goldman Sachs & Co. LLC | $748.8M | 15.58% |
| BNP Paribas Securities Corp. | $602.3M | 12.54% |
| Wells Fargo Securities, LLC | $300.7M | 6.26% |
| Citigroup Global Markets Inc. | $163.7M | 3.41% |
| Natwest Markets Securities Inc. | $118.8M | 2.47% |
| BofA Securities, Inc. | $114.5M | 2.38% |
| Loop Capital Markets LLC | $46.3M | 0.96% |
| Santander Securities LLC | $32.8M | 0.68% |
Western Asset Management U.S. Government Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017845 | Class A | 0.50% | — |
| C000017847 | Class E | 0.65% | — |
| C000017846 | Class B | 0.75% | — |
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.