LWSTX Fees and Costs — Western Asset Short-Term Bond Fund, Class IS
Data updated: 2026-08-26
The net expense ratio is 0.40%: a 0.35% management fee plus 0.09% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0105% of average net assets, and portfolio turnover was 44%.
LWSTX Fees and Expenses
Annual operating expenses and sales charges of LWSTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.44% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.40% |
| 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 |
LWSTX Costs Over Time
On $10,000 invested in LWSTX, assuming 5% a year before costs, total costs come to $260 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $142 | $260 |
| Value after costs | $10,457 | $11,434 | $12,503 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
LWSTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0105%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $180.4M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
LWSTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R.J. O'Brien Securities, LLC | $7K | 26.42% |
| JEFFERIES LLC | $5K | 17.71% |
| BOFA SECURITIES, INC. | $3K | 10.32% |
| WELLS FARGO SECURITIES, LLC | $2K | 9.19% |
| J.P. MORGAN SECURITIES LLC | $2K | 9.03% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 8.94% |
| BARCLAYS CAPITAL, INC. | $2K | 7.72% |
| MORGAN STANLEY & CO. LLC | $1K | 4.45% |
| GOLDMAN SACHS & CO. LLC | $1K | 4.08% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $556 | 2.13% |
LWSTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK SECURITIES, INC. | $21.9M | 15.40% |
| J.P. Morgan Securities LLC | $18.7M | 13.13% |
| CitiGroup Global Markets Inc. | $17.8M | 12.46% |
| BOFA SECURITIES, INC. | $15.3M | 10.71% |
| MORGAN STANLEY & CO. LLC | $15.2M | 10.64% |
| BMO CAPITAL MARKETS CORP. | $13.8M | 9.68% |
| Wells Fargo Securities LLC | $12.8M | 8.96% |
| BARCLAYS CAPITAL, INC. | $9.9M | 6.96% |
| Goldman Sachs & Co. LLC | $8.7M | 6.07% |
| CASTLEOAK SECURITIES, LP | $8.6M | 6.01% |
Western Asset Short-Term Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LWSTX | Class IS | 0.40% | none |
| SBSYX | Class I | 0.42% | none |
| SBSTX | Class A | 0.70% | 2.25% |
| SSTLX | Class C1 | 1.03% | none |
| LWARX | Class R | 1.10% | none |
| LWSOX | Class C | 1.55% | 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.