SBIEX Fees and Costs — ClearBridge International Value Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.25%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses, less a 0.16% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $77K in broker commissions, 0.0460% of average net assets, and portfolio turnover was 20%.
SBIEX Fees and Expenses
Annual operating expenses and sales charges of SBIEX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
SBIEX Costs Over Time
On $10,000 invested in SBIEX, assuming 5% a year before costs, total costs come to $1,464 over 5 years, cutting the return by 2.53% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.25%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $28 | $107 | $222 |
| Total costs | $706 | $1,057 | $1,464 |
| Value after costs | $9,794 | $10,520 | $11,299 |
| Impact on return, per year | 7.06% | 3.30% | 2.53% |
SBIEX 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): 0.0460%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $193K
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
SBIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $13K | 20.93% |
| MORGAN STANLEY & CO. LLC | $12K | 18.24% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $10K | 16.17% |
| BOFA SECURITIES, INC. | $7K | 11.24% |
| GOLDMAN SACHS & CO. LLC | $6K | 9.23% |
| Berenberg Capital Markets LLC | $4K | 5.67% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 4.82% |
| BARCLAYS CAPITAL, INC. | $3K | 4.76% |
| J.P. MORGAN SECURITIES LLC | $3K | 4.47% |
| BNP Paribas Securities Corp. | $3K | 4.46% |
SBIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $193K | 100.00% |
ClearBridge International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSIUX | Class IS | 0.80% | none |
| SBIYX | Class I | 0.90% | none |
| SBIEX | Class A | 1.25% | 5.50% |
| LIORX | Class R | 1.50% | none |
| SBICX | Class C | 2.00% | 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.