C000176067 Fees and Costs — Legg Mason Global Infrastructure ETF
Data updated: 2022-03-25
The net expense ratio is 0.40% (0.45% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0329% of average net assets, and portfolio turnover was 56%.
C000176067 Fees and Expenses
Annual operating expenses and sales charges of C000176067. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000176067 Costs Over Time
On $10,000 invested in C000176067, assuming 5% a year before costs, total costs come to $274 over 5 years, cutting the return by 0.45% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $150 | $274 |
| Value after costs | $10,455 | $11,427 | $12,489 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
C000176067 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0329%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $14.6M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000176067 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA), INC. | $3K | 88.27% |
| ITAU BBA USA SECURITIES, INC. | $343 | 9.61% |
| MORGAN STANLEY & CO. LLC | $34 | 0.96% |
| CITIGROUP GLOBAL MARKETS INC. | $32 | 0.91% |
| BNY MELLON CAPITAL MARKETS, LLC | $9 | 0.25% |
C000176067 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $5.9M | 40.08% |
| BOFA SECURITIES, INC. | $4.3M | 29.39% |
| J.P. Morgan Securities LLC | $2.9M | 19.94% |
| VIRTU AMERICAS LLC | $1.5M | 10.16% |
| Macquarie Capital (USA) Inc. | $62K | 0.42% |
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.