LDEIX Fees and Costs — Legal & General Global Developed Equity Index Fund, Institutional Shares
Data updated: 2024-04-01
The net expense ratio is 0.09%: a 0.06% management fee plus 1.76% other expenses, less a 1.73% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $346 in broker commissions, 0.0015% of average net assets, and portfolio turnover was 3%.
LDEIX Fees and Expenses
Annual operating expenses and sales charges of LDEIX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | — |
| Other expenses | 1.76% |
| Gross expense ratio | 1.82% |
| Fee waiver | −1.73% |
| Net expense ratio | 0.09% |
| 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 |
LDEIX Costs Over Time
On $10,000 invested in LDEIX, assuming 5% a year before costs, total costs come to $58 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $10 | $32 | $58 |
| Value after costs | $10,490 | $11,545 | $12,705 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
LDEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $346
- Bought from dealers (principal trades, not a cost): $44
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
LDEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $160 | 47.48% |
| MORGAN STANLEY & CO, INC | $53 | 15.73% |
| CSFB | $35 | 10.39% |
| INSTINET | $31 | 9.20% |
| LIQUIDNET | $21 | 6.23% |
| PERSHING LLC | $19 | 5.64% |
| GOLDMAN SACHS & CO | $10 | 2.97% |
| BARCLAYS CAPITAL INC | $4 | 1.19% |
| EXANE, INC | $3 | 0.89% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $1 | 0.30% |
LDEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET CLEARING SERVICES, INC. | $26 | 59.09% |
| BARCLAYS CAPITAL | $18 | 40.91% |
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.