LMREX Fees and Costs — ClearBridge Mid Cap Fund, Class R
Data updated: 2026-09-23
The net expense ratio is 1.45%: a 0.73% management fee, a 0.50% 12b-1 fee plus 0.23% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $565K in broker commissions, 0.0333% of average net assets, and portfolio turnover was 29%.
LMREX Fees and Expenses
Annual operating expenses and sales charges of LMREX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.45% |
| 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 |
LMREX Costs Over Time
On $10,000 invested in LMREX, assuming 5% a year before costs, total costs come to $919 over 5 years, cutting the return by 1.56% 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 1.45%) | $152 | $473 | $815 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $508 | $919 |
| Value after costs | $10,344 | $11,069 | $11,844 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
LMREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0333%
- Total broker commissions: $565K
- Bought from dealers (principal trades, not a cost): $10.6M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
LMREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $69K | 16.03% |
| INSTINET, LLC | $61K | 14.17% |
| J.P. MORGAN SECURITIES LLC | $56K | 12.84% |
| RBC CAPITAL MARKETS, LLC | $47K | 10.81% |
| BOFA SECURITIES, INC. | $46K | 10.62% |
| JEFFERIES LLC | $39K | 9.10% |
| Stifel, Nicolaus & Co., Inc. | $35K | 7.99% |
| MORGAN STANLEY & CO. LLC | $32K | 7.40% |
| Pershing LLC | $28K | 6.36% |
| WELLS FARGO SECURITIES, LLC | $20K | 4.69% |
LMREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $8.7M | 82.12% |
| J.P. Morgan Securities LLC | $1.9M | 17.88% |
ClearBridge Mid Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSIRX | Class IS | 0.75% | none |
| SMBYX | Class I | 0.84% | none |
| SMCPX | Class 1 | 0.85% | none |
| SBMAX | Class A | 1.15% | 5.50% |
| LMREX | Class R | 1.45% | none |
| SBMLX | Class C | 1.89% | 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.