LADIX Fees and Costs — ClearBridge Tactical Dividend Income Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 1.13%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $201K in broker commissions, 0.0556% of average net assets, and portfolio turnover was 79%.
LADIX Fees and Expenses
Annual operating expenses and sales charges of LADIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| 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 |
LADIX Costs Over Time
On $10,000 invested in LADIX, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.24% 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 1.13%) | $119 | $369 | $640 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $407 | $739 |
| Value after costs | $10,376 | $11,169 | $12,024 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
LADIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0556%
- Total broker commissions: $201K
- Bought from dealers (principal trades, not a cost): $71.4M
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
LADIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $29K | 17.19% |
| CitiGroup Global Markets Inc. | $24K | 14.41% |
| NATIONAL FINANCIAL SERVICES LLC | $23K | 13.83% |
| J.P. MORGAN SECURITIES LLC | $19K | 11.34% |
| INSTINET, LLC | $18K | 10.83% |
| MORGAN STANLEY & CO. LLC | $14K | 8.19% |
| CAPIS | $12K | 7.40% |
| WELLS FARGO SECURITIES, LLC | $10K | 6.25% |
| GOLDMAN SACHS & CO. LLC | $10K | 6.18% |
| JEFFERIES LLC | $7K | 4.38% |
LADIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $32.3M | 45.26% |
| MORGAN STANLEY & CO. LLC | $12.3M | 17.25% |
| J.P. Morgan Securities LLC | $10.3M | 14.37% |
| Goldman Sachs & Co. LLC | $8.6M | 12.03% |
| Wells Fargo Securities LLC | $3.9M | 5.42% |
| CitiGroup Global Markets Inc. | $2.2M | 3.08% |
| NATIONAL FINANCIAL SERVICES LLC | $1.9M | 2.60% |
ClearBridge Tactical Dividend Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LCBDX | Class IS | 1.02% | none |
| LADIX | Class I | 1.13% | none |
| CFLGX | Class A | 1.36% | 5.50% |
| SMDLX | Class C | 2.10% | none |
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.