LROIX Fees and Costs — BrandywineGLOBAL - Multi-Sector Opportunities Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.86%: a 0.60% management fee plus 0.44% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0118% of average net assets, and portfolio turnover was 190%.
LROIX Fees and Expenses
Annual operating expenses and sales charges of LROIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.86% |
| 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 |
LROIX Costs Over Time
On $10,000 invested in LROIX, assuming 5% a year before costs, total costs come to $547 over 5 years, cutting the return by 0.92% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $300 | $547 |
| Value after costs | $10,408 | $11,276 | $12,216 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
LROIX 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): 0.0118%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $369.3M
- Portfolio turnover (prospectus): 190%
- Securities lending: none during the year
LROIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $6K | 53.77% |
| CITIGROUP GLOBAL MARKETS INC. | $5K | 46.23% |
LROIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $69.4M | 21.99% |
| CitiGroup Global Markets Inc. | $64.0M | 20.28% |
| BARCLAYS CAPITAL, INC. | $46.8M | 14.82% |
| BOFA SECURITIES, INC. | $38.0M | 12.03% |
| Wells Fargo Securities LLC | $25.2M | 7.98% |
| Goldman Sachs & Co. LLC | $24.3M | 7.69% |
| HSBC SECURITIES (USA), INC. | $13.7M | 4.33% |
| MORGAN STANLEY & CO. LLC | $13.2M | 4.19% |
| DEUTSCHE BANK SECURITIES, INC. | $11.3M | 3.57% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $9.8M | 3.12% |
BrandywineGLOBAL - Multi-Sector Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LROSX | Class IS | 0.76% | none |
| LROIX | Class I | 0.86% | none |
| LBAFX | Class FI | 1.21% | none |
| LROAX | Class A | 1.21% | 2.25% |
| LBARX | Class R | 1.46% | none |
| LAOCX | Class C | 1.96% | 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.