C000044900 Fees and Costs — ClearBridge All Cap Value Fund, Class A
Data updated: 2024-08-26
The net expense ratio is 1.15%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2023 the fund paid $520K in broker commissions, 0.0363% of average net assets, and portfolio turnover was 24%.
C000044900 Fees and Expenses
Annual operating expenses and sales charges of C000044900. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000044900 Costs Over Time
On $10,000 invested in C000044900, assuming 5% a year before costs, total costs come to $1,401 over 5 years, cutting the return by 2.41% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.15%) | $114 | $355 | $615 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $28 | $105 | $216 |
| Total costs | $695 | $1,021 | $1,401 |
| Value after costs | $9,805 | $10,555 | $11,362 |
| Impact on return, per year | 6.95% | 3.18% | 2.41% |
C000044900 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0363%
- Total broker commissions: $520K
- Bought from dealers (principal trades, not a cost): $12.1M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
C000044900 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $142K | 32.68% |
| BOFA SECURITIES, INC. | $80K | 18.41% |
| WELLS FARGO SECURITIES, LLC | $46K | 10.56% |
| JEFFERIES LLC | $38K | 8.68% |
| RBC CAPITAL MARKETS, LLC | $34K | 7.80% |
| Raymond James & Associates, Inc. | $20K | 4.59% |
| J.P. MORGAN SECURITIES LLC | $20K | 4.58% |
| Stifel, Nicolaus & Co., Inc. | $20K | 4.49% |
| BARCLAYS CAPITAL, INC. | $19K | 4.45% |
| GOLDMAN SACHS & CO. LLC | $16K | 3.76% |
C000044900 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $7.4M | 61.19% |
| JEFFERIES LLC | $4.7M | 38.81% |
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.