SOPYX Fees and Costs — ClearBridge Dividend Strategy Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.73%: a 0.64% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.1M in broker commissions, 0.0244% of average net assets, and portfolio turnover was 30%.
SOPYX Fees and Expenses
Annual operating expenses and sales charges of SOPYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
SOPYX Costs Over Time
On $10,000 invested in SOPYX, assuming 5% a year before costs, total costs come to $474 over 5 years, cutting the return by 0.79% 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 |
| Fund expenses (net expense ratio 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $474 |
| Value after costs | $10,421 | $11,316 | $12,289 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
SOPYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0244%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
SOPYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $266K | 15.77% |
| JEFFERIES LLC | $225K | 13.36% |
| BARCLAYS CAPITAL, INC. | $219K | 13.02% |
| MORGAN STANLEY & CO. LLC | $214K | 12.69% |
| BOFA SECURITIES, INC. | $211K | 12.49% |
| GOLDMAN SACHS & CO. LLC | $145K | 8.61% |
| J.P. Morgan Securities LLC | $138K | 8.21% |
| INSTINET, LLC | $101K | 6.00% |
| Pershing LLC | $97K | 5.74% |
| TD SECURITIES (USA) LLC | $69K | 4.11% |
ClearBridge Dividend Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LCBEX | Class IS | 0.66% | none |
| LCBOX | Class 1 | 0.71% | none |
| SOPYX | Class I | 0.73% | none |
| SOPAX | Class A | 1.00% | 5.50% |
| LBRIX | Class FI | 1.02% | none |
| LMMRX | Class R | 1.36% | none |
| SBPLX | Class C | 1.75% | 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.