LNJIX Fees and Costs — Western Asset New Jersey Municipals Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 0.55%: a 0.45% management fee plus 0.23% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $62 in broker commissions, and portfolio turnover was 5%.
LNJIX Fees and Expenses
Annual operating expenses and sales charges of LNJIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.55% |
| 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 |
LNJIX Costs Over Time
On $10,000 invested in LNJIX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
LNJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $62
- Bought from dealers (principal trades, not a cost): $50.4M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
LNJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $62 | 100.00% |
LNJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Academy Securities, Inc. | $11.0M | 22.14% |
| J.P. Morgan Securities LLC | $10.4M | 20.98% |
| TD SECURITIES (USA) LLC | $10.1M | 20.33% |
| Wells Fargo Securities LLC | $5.8M | 11.67% |
| GOLDMAN SACHS & CO. LLC | $4.7M | 9.36% |
| BOFA SECURITIES, INC. | $2.8M | 5.68% |
| CitiGroup Global Markets Inc. | $1.7M | 3.42% |
| PERSHING LLC | $1.6M | 3.22% |
| Daiwa Capital Markets America, Inc. | $900K | 1.81% |
| RBC CAPITAL MARKETS, LLC | $684K | 1.38% |
Western Asset New Jersey 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 |
|---|---|---|---|
| LNISX | C000193928 | 0.52% | none |
| LNJIX | Class I | 0.55% | none |
| SHNJX | Class A | 0.81% | 3.75% |
| SNJLX | Class C | 1.36% | 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.