LRSFX Fees and Costs — Small-Cap Value Series, Class F
Data updated: 2026-07-29
The net expense ratio is 1.06%: a 0.75% management fee, a 0.10% 12b-1 fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $388K in broker commissions, 0.1035% of average net assets, and portfolio turnover was 69%.
LRSFX Fees and Expenses
Annual operating expenses and sales charges of LRSFX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| 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 | No |
LRSFX Costs Over Time
On $10,000 invested in LRSFX, assuming 5% a year before costs, total costs come to $725 over 5 years, cutting the return by 1.22% 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 1.06%) | $111 | $347 | $600 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $725 |
| Value after costs | $10,378 | $11,177 | $12,037 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
LRSFX 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): 0.1035%
- Total broker commissions: $388K
- Bought from dealers (principal trades, not a cost): $991.9M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $86K
- Net income from securities lending: $2K (0.001% of average net assets)
LRSFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $71K | 23.40% |
| J.P. Morgan Securities LLC | $49K | 16.18% |
| Morgan Stanley & Co. LLC | $42K | 13.80% |
| BofA Securities, Inc. | $24K | 7.89% |
| UBS Securities LLC | $23K | 7.42% |
| Goldman Sachs & Co. LLC | $22K | 7.11% |
| Liquidnet, Inc. | $20K | 6.41% |
| Evercore Group L.L.C. | $19K | 6.32% |
| RBC Capital Markets, LLC | $19K | 6.22% |
| Stifel, Nicolaus & Company, Incorporated | $16K | 5.26% |
LRSFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $991.3M | 99.93% |
| Morgan Stanley & Co. LLC | $664K | 0.07% |
Small-Cap Value Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LRSOX | Class F3 | 0.89% | none |
| LRSVX | Class R6 | 0.89% | none |
| LRSTX | Class R5 | 0.96% | none |
| LRSYX | Class I | 0.96% | none |
| LRSFX | Class F | 1.06% | none |
| LRSCX | Class A | 1.21% | 5.75% |
| LRSSX | Class R4 | 1.21% | none |
| LRSPX | Class P | 1.41% | none |
| LRSRX | Class R3 | 1.46% | none |
| LRSQX | Class R2 | 1.56% | none |
| LSRCX | 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.