SBNYX Fees and Costs — Western Asset New York Municipals Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.85%: a 0.45% management fee, a 0.15% 12b-1 fee plus 0.25% other expenses. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $138 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 6%.
SBNYX Fees and Expenses
Annual operating expenses and sales charges of SBNYX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
SBNYX Costs Over Time
On $10,000 invested in SBNYX, assuming 5% a year before costs, total costs come to $992 over 5 years, cutting the return by 1.69% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.85%) | $86 | $268 | $466 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $19 | $72 | $151 |
| Total costs | $480 | $716 | $992 |
| Value after costs | $10,020 | $10,860 | $11,771 |
| Impact on return, per year | 4.80% | 2.21% | 1.69% |
SBNYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $138
- Bought from dealers (principal trades, not a cost): $99.1M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
SBNYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $138 | 100.00% |
SBNYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $14.6M | 17.64% |
| JEFFERIES LLC | $12.6M | 15.19% |
| BARCLAYS CAPITAL, INC. | $10.7M | 12.91% |
| Wells Fargo Securities LLC | $8.2M | 9.93% |
| BOFA SECURITIES, INC. | $7.8M | 9.46% |
| MORGAN STANLEY & CO. LLC | $6.8M | 8.19% |
| Icecapital Securities Ltd | $6.7M | 8.07% |
| PERSHING LLC | $5.5M | 6.69% |
| J.P. Morgan Securities LLC | $5.0M | 6.04% |
| GOLDMAN SACHS & CO. LLC | $4.9M | 5.88% |
Western Asset New York Municipals Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SNIPX | C000193929 | 0.60% | none |
| SNPYX | Class I | 0.63% | none |
| SBNYX | Class A | 0.85% | 3.75% |
| SBYLX | Class C | 1.40% | 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.