LBDRX Fees and Costs — BrandywineGLOBAL - Diversified US Large Cap Value Fund, Class R
Data updated: 2026-08-27
The net expense ratio is 1.41%: a 0.65% management fee, a 0.50% 12b-1 fee plus 0.39% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $38K in broker commissions, 0.0261% of average net assets, and portfolio turnover was 57%.
LBDRX Fees and Expenses
Annual operating expenses and sales charges of LBDRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.41% |
| 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 |
LBDRX Costs Over Time
On $10,000 invested in LBDRX, assuming 5% a year before costs, total costs come to $890 over 5 years, cutting the return by 1.51% 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 1.41%) | $148 | $460 | $794 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $890 |
| Value after costs | $10,349 | $11,085 | $11,872 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
LBDRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0261%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
LBDRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $7K | 22.50% |
| PIPER SANDLER & CO. | $7K | 20.43% |
| GOLDMAN SACHS & CO. LLC | $4K | 11.65% |
| CAPIS | $3K | 10.22% |
| JONESTRADING | $3K | 9.61% |
| STIFEL NICHOLAS & CO., INC. | $3K | 8.42% |
| BOFA SECURITIES, INC. | $2K | 6.55% |
| RBC CAPITAL MARKETS, LLC | $1K | 4.53% |
| LIQUIDNET, INC. | $1K | 3.37% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $897 | 2.73% |
BrandywineGLOBAL - Diversified US Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LBISX | Class IS | 0.71% | none |
| LBWIX | Class I | 0.81% | none |
| LBWAX | Class A | 1.16% | 5.50% |
| LBDRX | Class R | 1.41% | none |
| LBWCX | Class C | 1.91% | 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.