SDSAX Fees and Costs — Western Asset Income Fund, Class A
Data updated: 2026-10-09
The net expense ratio is 0.94%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $20K in broker commissions, 0.0059% of average net assets, and portfolio turnover was 95%.
SDSAX Fees and Expenses
Annual operating expenses and sales charges of SDSAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
SDSAX Costs Over Time
On $10,000 invested in SDSAX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.79% 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 0.94%) | $95 | $297 | $515 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $19 | $74 | $156 |
| Total costs | $489 | $747 | $1,049 |
| Value after costs | $10,011 | $10,829 | $11,714 |
| Impact on return, per year | 4.89% | 2.31% | 1.79% |
SDSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0059%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $396.0M
- Portfolio turnover (prospectus): 95%
SDSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $13K | 23.11% |
| MORGAN STANLEY & CO. LLC | $12K | 22.50% |
| WELLS FARGO SECURITIES, LLC | $6K | 11.36% |
| GOLDMAN SACHS & CO. LLC | $6K | 11.11% |
| J.P. MORGAN SECURITIES LLC | $4K | 7.29% |
| UBS Securities LLC | $3K | 5.90% |
| RBC CAPITAL MARKETS, LLC | $3K | 5.33% |
| BOFA SECURITIES, INC. | $3K | 4.75% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2K | 4.61% |
| BARCLAYS CAPITAL, INC. | $2K | 4.03% |
SDSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $639.8M | 35.27% |
| J.P. Morgan Securities LLC | $268.8M | 14.82% |
| BARCLAYS CAPITAL, INC. | $260.4M | 14.36% |
| MORGAN STANLEY & CO. LLC | $163.0M | 8.99% |
| CitiGroup Global Markets Inc. | $137.8M | 7.60% |
| Goldman Sachs & Co. LLC | $132.6M | 7.31% |
| JEFFERIES LLC | $77.8M | 4.29% |
| WELLS FARGO SECURITIES, LLC | $74.0M | 4.08% |
| BNP PARIBAS SECURITIES CORP. | $32.5M | 1.79% |
| UBS SECURITIES LLC | $26.9M | 1.48% |
Western Asset Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WAGIX | Class IS | 0.56% | none |
| SDSYX | Class I | 0.66% | none |
| SDSAX | Class A | 0.94% | 3.75% |
| SDSIX | Class C1 | 1.40% | none |
| LWSIX | Class C | 1.67% | 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.