LMIIX Fees and Costs — Western Asset Intermediate Maturity New York Municipals Fund, Class I
Data updated: 2026-07-22
The net expense ratio is 0.54%: a 0.40% management fee plus 0.29% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $306 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 8%.
LMIIX Fees and Expenses
Annual operating expenses and sales charges of LMIIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LMIIX Costs Over Time
On $10,000 invested in LMIIX, assuming 5% a year before costs, total costs come to $341 over 5 years, cutting the return by 0.57% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $341 |
| Value after costs | $10,443 | $11,390 | $12,422 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
LMIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $306
- Bought from dealers (principal trades, not a cost): $56.7M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
LMIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $112 | 36.72% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $86 | 28.25% |
| GOLDMAN SACHS & CO. LLC | $48 | 15.82% |
| R.J. O'Brien Securities, LLC | $31 | 10.17% |
| J.P. Morgan Securities LLC | $28 | 9.04% |
LMIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $9.1M | 21.15% |
| J.P. Morgan Securities LLC | $6.5M | 15.04% |
| TD SECURITIES (USA) LLC | $5.7M | 13.19% |
| BARCLAYS CAPITAL, INC. | $5.5M | 12.84% |
| RBC CAPITAL MARKETS, LLC | $5.4M | 12.45% |
| ICE BONDS SECURITIES CORPORATION | $3.0M | 7.00% |
| Wedbush Securities Inc. | $2.0M | 4.75% |
| Academy Securities, Inc. | $2.0M | 4.64% |
| Goldman Sachs & Co. LLC | $1.9M | 4.51% |
| TRADEWEB DIRECT LLC | $1.9M | 4.42% |
Western Asset Intermediate Maturity New York Municipals Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SNYSX | C000187789 | 0.51% | none |
| LMIIX | Class I | 0.54% | none |
| IMNYX | Class A | 0.79% | 2.25% |
| SINLX | Class C | 1.39% | none |
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.