LLDIX Fees and Costs — Legal & General Long Duration U.S. Credit Fund
Data updated: 2024-04-01
The net expense ratio is 0.30%: a 0.23% management fee plus 1.47% other expenses, less a 1.40% fee waiver. This share class carries a redemption fee of 2.00%. Portfolio turnover was 132%.
LLDIX Fees and Expenses
Annual operating expenses and sales charges of LLDIX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | — |
| Other expenses | 1.47% |
| Gross expense ratio | 1.70% |
| Fee waiver | −1.40% |
| Net expense ratio | 0.30% |
| 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 |
LLDIX Costs Over Time
On $10,000 invested in LLDIX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
LLDIX 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): $80.7M
- Portfolio turnover (prospectus): 132%
- Securities lending: none during the year
LLDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MONTGOMERY/BANK OF AMERICA | $11.0M | 17.56% |
| CITIGROUP GLOBAL MARKETS | $9.2M | 14.80% |
| BARCLAYS CAPITAL INC. FIXED INCOME | $7.9M | 12.64% |
| JPM CHASE | $7.2M | 11.50% |
| GOLDMAN, SACHS & CO. | $7.0M | 11.24% |
| MORGAN STANLEY & CO, INC | $6.7M | 10.74% |
| BMO FIXED | $5.5M | 8.89% |
| DEUTSCHE BANK SECURITIES, INC | $2.9M | 4.60% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $2.8M | 4.48% |
| PERSHING LLC | $2.2M | 3.55% |
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.