SHIAX Fees and Costs — Western Asset Short Duration High Income Fund, Class A
Data updated: 2026-10-09
The net expense ratio is 0.97%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2026 the fund paid $2K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 47%.
SHIAX Fees and Expenses
Annual operating expenses and sales charges of SHIAX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
SHIAX Costs Over Time
On $10,000 invested in SHIAX, assuming 5% a year before costs, total costs come to $881 over 5 years, cutting the return by 1.49% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.97%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $11 | $51 | $117 |
| Total costs | $336 | $587 | $881 |
| Value after costs | $10,164 | $10,990 | $11,882 |
| Impact on return, per year | 3.36% | 1.80% | 1.49% |
SHIAX 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): 0.0003%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $627.4M
- Portfolio turnover (prospectus): 47%
SHIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Co., Inc. | $204 | 100.00% |
SHIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $95.4M | 29.50% |
| J.P. Morgan Securities LLC | $56.8M | 17.58% |
| BOFA SECURITIES, INC. | $38.1M | 11.79% |
| GOLDMAN SACHS & CO. LLC | $34.0M | 10.53% |
| JEFFERIES LLC | $29.2M | 9.03% |
| CitiGroup Global Markets Inc. | $24.4M | 7.55% |
| WELLS FARGO SECURITIES, LLC | $15.6M | 4.83% |
| BARCLAYS CAPITAL, INC. | $15.0M | 4.63% |
| RBC CAPITAL MARKETS, LLC | $7.4M | 2.28% |
| BNY MELLON CAPITAL MARKETS, LLC | $7.3M | 2.27% |
Western Asset Short Duration High 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 |
|---|---|---|---|
| SHIYX | Class I | 0.74% | none |
| SHIAX | Class A | 0.97% | 2.25% |
| LWSRX | Class R | 1.41% | none |
| SHICX | Class C1 | 1.50% | none |
| LWHIX | Class C | 1.68% | 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.