C000088508 Fees and Costs — Western Asset Global High Yield Bond Fund, Class C
Data updated: 2022-11-28
The net expense ratio is 1.95%: a 0.70% management fee, a 1.00% 12b-1 fee plus 0.26% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $4K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 81%.
C000088508 Fees and Expenses
Annual operating expenses and sales charges of C000088508. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000088508 Costs Over Time
On $10,000 invested in C000088508, assuming 5% a year before costs, total costs come to $1,198 over 5 years, cutting the return by 2.05% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.95%) | $205 | $633 | $1,086 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $308 | $665 | $1,198 |
| Value after costs | $10,192 | $10,911 | $11,565 |
| Impact on return, per year | 3.08% | 2.05% | 2.05% |
C000088508 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $286.7M
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
C000088508 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $1K | 26.01% |
| STONEX FINANCIAL INC. | $717 | 18.19% |
| Marex North America Securities LLC | $570 | 14.45% |
| CitiGroup Global Markets Inc. | $453 | 11.48% |
| Merrill Lynch Professional Clearing Corp. | $452 | 11.45% |
| GOLDMAN SACHS & CO. LLC | $424 | 10.75% |
| MORGAN STANLEY & CO. LLC | $285 | 7.23% |
| JEFFERIES LLC | $17 | 0.44% |
C000088508 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $46.0M | 18.74% |
| Merrill Lynch Professional Clearing Corp. | $42.8M | 17.45% |
| CitiGroup Global Markets Inc. | $36.2M | 14.76% |
| MORGAN STANLEY & CO. LLC | $28.7M | 11.68% |
| Goldman Sachs & Co. LLC | $25.0M | 10.19% |
| JEFFERIES LLC | $17.7M | 7.23% |
| CREDIT SUISSE SECURITIES (USA) LLC | $16.4M | 6.68% |
| MARKETAXESS CORPORATION | $13.5M | 5.52% |
| DEUTSCHE BANK SECURITIES, INC. | $9.8M | 3.99% |
| WELLS FARGO SECURITIES LLC | $9.2M | 3.75% |
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.