LCOIX Fees and Costs — Legal & General Commodity Strategy Fund, Institutional Shares
Data updated: 2025-03-31
The net expense ratio is 0.15%: a 0.15% management fee plus 1.77% other expenses, less a 1.77% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2024 the fund paid $1K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 28%.
LCOIX Fees and Expenses
Annual operating expenses and sales charges of LCOIX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.77% |
| Gross expense ratio | 1.92% |
| Fee waiver | −1.77% |
| Net expense ratio | 0.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LCOIX Costs Over Time
On $10,000 invested in LCOIX, assuming 5% a year before costs, total costs come to $97 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $53 | $97 |
| Value after costs | $10,484 | $11,524 | $12,666 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
LCOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0020%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $106.1M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
LCOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J P MORGAN CHASE BANK | $934 | 67.62% |
| MORGAN STANLEY & CO, INC | $404 | 29.21% |
| BAML | $32 | 2.32% |
| BARCLAY BANK PLC | $9 | 0.68% |
| CITIGROUP | $2 | 0.15% |
LCOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK SECURITIES, INC. | $44.5M | 42.16% |
| MORGAN STANLEY & CO, INC | $19.9M | 18.87% |
| BMO CAPITAL | $13.4M | 12.65% |
| CITIGROUP | $8.8M | 8.30% |
| BARCLAY BANK PLC | $8.3M | 7.90% |
| BAML | $4.7M | 4.49% |
| J P MORGAN CHASE BANK | $4.1M | 3.85% |
| BMO CAPITAL MARKETS | $1.0M | 0.95% |
| WELLS FARGO | $559K | 0.53% |
| MONGOMERY/BANK OF AMERICA | $311K | 0.29% |
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.