LCSMX Fees and Costs — Martin Currie SMASh Series EM Fund
Data updated: 2026-10-09
The net expense ratio is 0.00% (0.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $777K in broker commissions, 0.0547% of average net assets, and portfolio turnover was 49%.
LCSMX Fees and Expenses
Annual operating expenses and sales charges of LCSMX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.11% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
LCSMX Costs Over Time
On $10,000 invested in LCSMX, assuming 5% a year before costs, total costs come to $35 over 5 years, cutting the return by 0.06% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $19 | $35 |
| Value after costs | $10,494 | $11,557 | $12,728 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
LCSMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0547%
- Total broker commissions: $777K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 49%
LCSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $161K | 24.36% |
| MACQUARIE CAPITAL (USA), INC. | $125K | 18.87% |
| J.P. MORGAN SECURITIES LLC | $92K | 13.96% |
| INSTINET, LLC | $67K | 10.15% |
| UBS Securities LLC | $55K | 8.27% |
| HSBC SECURITIES (USA) INC. | $46K | 7.02% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $40K | 6.02% |
| CLSA Americas, LLC | $29K | 4.42% |
| MORGAN STANLEY & CO. LLC | $23K | 3.55% |
| CITIGROUP GLOBAL MARKETS INC. | $22K | 3.39% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.