QLMGTX Fees and Costs — ClearBridge Variable Growth Portfolio, Class II
Data updated: 2026-08-26
The net expense ratio is 1.13%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0118% of average net assets, and portfolio turnover was 23%.
QLMGTX Fees and Expenses
Annual operating expenses and sales charges of QLMGTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
QLMGTX Costs Over Time
On $10,000 invested in QLMGTX, assuming 5% a year before costs, total costs come to $712 over 5 years, cutting the return by 1.20% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $19 | $65 |
| Total costs | $120 | $392 | $712 |
| Value after costs | $10,380 | $11,184 | $12,051 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
QLMGTX 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): 0.0118%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
QLMGTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $2K | 14.37% |
| Raymond James & Associates, Inc. | $2K | 13.63% |
| MORGAN STANLEY & CO. LLC | $2K | 13.28% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 11.04% |
| BOFA SECURITIES, INC. | $2K | 10.88% |
| UBS Securities LLC | $1K | 10.15% |
| BARCLAYS CAPITAL, INC. | $1K | 10.10% |
| J.P. MORGAN SECURITIES LLC | $879 | 6.15% |
| NATIONAL FINANCIAL SERVICES LLC | $768 | 5.37% |
| GOLDMAN SACHS & CO. LLC | $718 | 5.02% |
ClearBridge Variable Growth Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QLMGOX | Class I | 0.87% | — |
| QLMGTX | Class II | 1.13% | — |
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.