C000118879 Fees and Costs — Western Asset Global High Yield Bond Fund, Class IS
Data updated: 2022-11-28
The net expense ratio is 0.80%: a 0.70% management fee plus 0.14% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 81%.
C000118879 Fees and Expenses
Annual operating expenses and sales charges of C000118879. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
C000118879 Costs Over Time
On $10,000 invested in C000118879, assuming 5% a year before costs, total costs come to $504 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $504 |
| Value after costs | $10,416 | $11,300 | $12,259 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000118879 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
C000118879 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% |
C000118879 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.