WABAX Fees and Costs — Western Asset Core Bond Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.82%: a 0.42% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2025 the fund paid $172K in broker commissions, 0.0073% of average net assets, and portfolio turnover was 93%.
WABAX Fees and Expenses
Annual operating expenses and sales charges of WABAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| 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 |
WABAX Costs Over Time
On $10,000 invested in WABAX, assuming 5% a year before costs, total costs come to $978 over 5 years, cutting the return by 1.66% 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 0.82%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $19 | $72 | $149 |
| Total costs | $477 | $708 | $978 |
| Value after costs | $10,023 | $10,868 | $11,784 |
| Impact on return, per year | 4.77% | 2.19% | 1.66% |
WABAX 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): 0.0073%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $9.1B
- Portfolio turnover (prospectus): 93%
- Securities lending: none during the year
WABAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $35K | 21.77% |
| GOLDMAN SACHS & CO. LLC | $30K | 18.56% |
| CitiGroup Global Markets Inc. | $28K | 17.60% |
| J.P. Morgan Securities LLC | $25K | 15.78% |
| JEFFERIES LLC | $10K | 6.47% |
| R.J. O'Brien Securities, LLC | $9K | 5.83% |
| WELLS FARGO SECURITIES, LLC | $7K | 4.49% |
| BOFA SECURITIES, INC. | $6K | 3.57% |
| RBC CAPITAL MARKETS, LLC | $5K | 3.23% |
| BNP Paribas Securities Corp. | $4K | 2.71% |
WABAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.3B | 27.69% |
| J.P. Morgan Securities LLC | $2.2B | 25.59% |
| Goldman Sachs & Co. LLC | $1.8B | 21.41% |
| CitiGroup Global Markets Inc. | $936.8M | 11.14% |
| BOFA SECURITIES, INC. | $338.0M | 4.02% |
| BNP PARIBAS SECURITIES CORP. | $255.4M | 3.04% |
| WELLS FARGO SECURITIES, LLC | $250.5M | 2.98% |
| BMO CAPITAL MARKETS CORP. | $159.4M | 1.90% |
| BARCLAYS CAPITAL, INC. | $104.5M | 1.24% |
| Mizuho Securities USA LLC | $82.7M | 0.98% |
Western Asset Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WACSX | Class IS | 0.42% | none |
| WATFX | Class I | 0.43% | none |
| WAPIX | Class FI | 0.80% | none |
| WABAX | Class A | 0.82% | 3.75% |
| WABRX | Class R | 1.14% | none |
| LWACX | Class C1 | 1.42% | none |
| WABCX | Class C | 1.54% | 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.