LLAAX Fees and Costs — Western Asset Long Credit VIT, Class I
Data updated: 2026-08-26
The net expense ratio is 0.41%: a 0.35% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 101%.
LLAAX Fees and Expenses
Annual operating expenses and sales charges of LLAAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.41% |
| Fee waiver | — |
| Net expense ratio | 0.41% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LLAAX Costs Over Time
On $10,000 invested in LLAAX, assuming 5% a year before costs, total costs come to $264 over 5 years, cutting the return by 0.44% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $144 | $264 |
| Value after costs | $10,456 | $11,432 | $12,499 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
LLAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $573.4M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
LLAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 17.78% |
| GOLDMAN SACHS & CO. LLC | $3K | 16.23% |
| MORGAN STANLEY & CO. LLC | $3K | 14.58% |
| BOFA SECURITIES, INC. | $2K | 14.16% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 10.41% |
| WELLS FARGO SECURITIES, LLC | $1K | 6.57% |
| RBC CAPITAL MARKETS, LLC | $1K | 6.15% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $912 | 5.18% |
| JEFFERIES LLC | $865 | 4.92% |
| BNP Paribas Securities Corp. | $709 | 4.03% |
LLAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $107.2M | 23.67% |
| J.P. Morgan Securities LLC | $69.2M | 15.28% |
| GOLDMAN SACHS & CO. LLC | $54.7M | 12.07% |
| CITADEL CLEARING LLC | $50.9M | 11.24% |
| MORGAN STANLEY & CO. LLC | $46.0M | 10.15% |
| CitiGroup Global Markets Inc. | $34.5M | 7.62% |
| BMO CAPITAL MARKETS CORP. | $27.2M | 6.00% |
| WELLS FARGO SECURITIES, LLC | $24.2M | 5.35% |
| DEUTSCHE BANK SECURITIES, INC. | $22.4M | 4.95% |
| RBC CAPITAL MARKETS, LLC | $16.6M | 3.67% |
Western Asset Long Credit VIT Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LLAAX | Class I | 0.41% | — |
| LLACX | C000241839 | 0.66% | — |
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.