C000174650 Fees and Costs — Legg Mason Emerging Markets Low Volatility High Dividend ETF
Data updated: 2020-06-24
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0413% of average net assets, and portfolio turnover was 27%.
C000174650 Fees and Expenses
Annual operating expenses and sales charges of C000174650. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000174650 Costs Over Time
On $10,000 invested in C000174650, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000174650 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0413%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $14K
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
C000174650 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 62.49% |
| INSTINET, LLC | $420 | 16.20% |
| MORGAN STANLEY & CO. LLC | $408 | 15.74% |
| VIRTU ITG LLC | $74 | 2.87% |
| J.P. MORGAN SECURITIES LLC | $64 | 2.49% |
| DEUTSCHE BANK SECURITIES INC. | $6 | 0.22% |
C000174650 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $13K | 90.46% |
| UBS SECURITIES LLC | $1K | 9.54% |
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.