C000127028 Fees and Costs — ClearBridge Small Cap Value Fund, Class IS
Data updated: 2024-08-26
The net expense ratio is 0.90%: a 0.75% management fee plus 0.23% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $67K in broker commissions, 0.0592% of average net assets, and portfolio turnover was 30%.
C000127028 Fees and Expenses
Annual operating expenses and sales charges of C000127028. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.90% |
| 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 | No |
C000127028 Costs Over Time
On $10,000 invested in C000127028, assuming 5% a year before costs, total costs come to $600 over 5 years, cutting the return by 1.01% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $600 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000127028 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): 0.0592%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000127028 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Co., Inc. | $8K | 14.70% |
| BOFA SECURITIES, INC. | $7K | 13.32% |
| BARCLAYS CAPITAL, INC. | $6K | 11.13% |
| CitiGroup Global Markets Inc. | $5K | 10.52% |
| GOLDMAN SACHS & CO. LLC | $5K | 10.52% |
| MORGAN STANLEY & CO. LLC | $5K | 9.00% |
| JEFFERIES LLC | $4K | 8.16% |
| INSTINET, LLC | $4K | 8.08% |
| ROBERT W. BAIRD & CO. INC. | $4K | 7.66% |
| Pershing LLC | $4K | 6.91% |
C000127028 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.8M | 100.00% |
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.