QLMPTX Fees and Costs — ClearBridge Variable Mid Cap Portfolio, Class II
Data updated: 2026-08-26
The net expense ratio is 1.07%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $83K in broker commissions, 0.0317% of average net assets, and portfolio turnover was 36%.
QLMPTX Fees and Expenses
Annual operating expenses and sales charges of QLMPTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 |
QLMPTX Costs Over Time
On $10,000 invested in QLMPTX, assuming 5% a year before costs, total costs come to $688 over 5 years, cutting the return by 1.16% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $378 | $688 |
| Value after costs | $10,384 | $11,198 | $12,075 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
QLMPTX 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): 0.0317%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
QLMPTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $10K | 15.02% |
| UBS Securities LLC | $9K | 14.12% |
| RBC CAPITAL MARKETS, LLC | $9K | 13.10% |
| J.P. Morgan Securities LLC | $8K | 12.81% |
| BOFA SECURITIES, INC. | $7K | 11.05% |
| JEFFERIES LLC | $5K | 8.02% |
| MORGAN STANLEY & CO. LLC | $5K | 7.84% |
| GOLDMAN SACHS & CO. LLC | $4K | 6.49% |
| Stifel, Nicolaus & Co., Inc. | $4K | 6.01% |
| WELLS FARGO SECURITIES, LLC | $4K | 5.55% |
QLMPTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.3M | 74.67% |
| J.P. Morgan Securities LLC | $457K | 25.33% |
ClearBridge Variable Mid Cap Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QLMMIX | Class I | 0.82% | — |
| QLMPTX | Class II | 1.07% | — |
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.