LMVTX Fees and Costs — ClearBridge Value Fund, Class C
Data updated: 2026-09-23
The net expense ratio is 1.71%: a 0.64% management fee, a 0.95% 12b-1 fee plus 0.12% other expenses. This share class carries a deferred sales charge of up to 0.95%. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.0566% of average net assets, and portfolio turnover was 53%.
LMVTX Fees and Expenses
Annual operating expenses and sales charges of LMVTX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.95% |
| Other expenses | 0.12% |
| Gross expense ratio | 1.71% |
| Fee waiver | — |
| Net expense ratio | 1.71% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.95% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LMVTX Costs Over Time
On $10,000 invested in LMVTX, assuming 5% a year before costs, total costs come to $1,088 over 5 years, cutting the return by 1.85% 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 |
| Sales charges | $98 | $0 | $0 |
| Fund expenses (net expense ratio 1.71%) | $180 | $556 | $956 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $283 | $603 | $1,088 |
| Value after costs | $10,217 | $10,974 | $11,675 |
| Impact on return, per year | 2.83% | 1.85% | 1.85% |
LMVTX 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): 0.0566%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $59.4M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
LMVTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $369K | 21.91% |
| Stifel, Nicolaus & Co., Inc. | $192K | 11.40% |
| J.P. MORGAN SECURITIES LLC | $190K | 11.29% |
| MORGAN STANLEY & CO. LLC | $179K | 10.61% |
| JEFFERIES LLC | $157K | 9.34% |
| BERNSTEIN INSTITUTIONAL SERVICES LLC | $138K | 8.21% |
| UBS Securities LLC | $134K | 7.95% |
| BARCLAYS CAPITAL, INC. | $122K | 7.26% |
| INSTINET, LLC | $106K | 6.31% |
| GOLDMAN SACHS & CO. LLC | $96K | 5.72% |
LMVTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $39.4M | 66.31% |
| BARCLAYS CAPITAL, INC. | $20.0M | 33.69% |
ClearBridge Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CBVBX | Class IS | 0.68% | none |
| LMNVX | Class I | 0.76% | none |
| LGVAX | Class A | 1.01% | 5.50% |
| LMVFX | Class FI | 1.11% | none |
| LMVRX | Class R | 1.34% | none |
| LMVTX | Class C | 1.71% | 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.