SHRCX Fees and Costs — Western Asset California Municipals Fund, Class A
Data updated: 2026-07-22
The net expense ratio is 0.94%: a 0.45% management fee, a 0.15% 12b-1 fee plus 0.34% other expenses. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2026 the fund paid $104 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 6%.
SHRCX Fees and Expenses
Annual operating expenses and sales charges of SHRCX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.34% |
| 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 | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SHRCX Costs Over Time
On $10,000 invested in SHRCX, assuming 5% a year before costs, total costs come to $1,045 over 5 years, cutting the return by 1.78% 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) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $19 | $74 | $156 |
| Total costs | $489 | $745 | $1,045 |
| Value after costs | $10,011 | $10,831 | $11,718 |
| Impact on return, per year | 4.89% | 2.30% | 1.78% |
SHRCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $104
- Bought from dealers (principal trades, not a cost): $111.1M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
SHRCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $104 | 100.00% |
SHRCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $40.6M | 37.55% |
| Wells Fargo Securities LLC | $15.4M | 14.22% |
| PERSHING LLC | $13.2M | 12.19% |
| TD SECURITIES (USA) LLC | $10.3M | 9.57% |
| BOFA SECURITIES, INC. | $9.6M | 8.87% |
| MORGAN STANLEY & CO. LLC | $8.9M | 8.27% |
| GOLDMAN SACHS & CO. LLC | $4.1M | 3.84% |
| Academy Securities, Inc. | $2.3M | 2.13% |
| BARCLAYS CAPITAL, INC. | $2.0M | 1.85% |
| Wedbush Securities Inc. | $1.6M | 1.51% |
Western Asset California 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 |
|---|---|---|---|
| SHRSX | Class IS | 0.67% | none |
| LMCUX | Class I | 0.70% | none |
| SHRCX | Class A | 0.94% | 3.75% |
| SCACX | Class C | 1.48% | 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.