LGBIX Fees and Costs — Legal & General Cash Flow Matched Bond Fund, Institutional Shares
Data updated: 2024-04-01
The net expense ratio is 0.20%: a 0.13% management fee plus 1.29% other expenses, less a 1.22% fee waiver. This share class carries a redemption fee of 2.00%. Portfolio turnover was 24%.
LGBIX Fees and Expenses
Annual operating expenses and sales charges of LGBIX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | — |
| Other expenses | 1.29% |
| Gross expense ratio | 1.42% |
| Fee waiver | −1.22% |
| Net expense ratio | 0.20% |
| 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 |
LGBIX Costs Over Time
On $10,000 invested in LGBIX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
LGBIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.6M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
LGBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $2.8M | 29.04% |
| GOLDMAN, SACHS & CO. | $2.0M | 20.94% |
| MONTGOMERY/BANK OF AMERICA | $1.4M | 13.92% |
| CITIGROUP GLOBAL MARKETS | $660K | 6.80% |
| PERSHING LLC | $595K | 6.14% |
| BNP PARIBAS | $553K | 5.70% |
| BMO CAPITAL | $494K | 5.09% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $427K | 4.40% |
| JPM CHASE | $425K | 4.38% |
| DEUTSCHE BANK SECURITIES, INC. | $347K | 3.57% |
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.