WAYRX Fees and Costs — Western Asset High Yield Fund, Class R
Data updated: 2026-09-24
The net expense ratio is 1.30%: a 0.55% management fee, a 0.50% 12b-1 fee plus 0.48% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 64%.
WAYRX Fees and Expenses
Annual operating expenses and sales charges of WAYRX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.30% |
| 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 | Yes |
WAYRX Costs Over Time
On $10,000 invested in WAYRX, assuming 5% a year before costs, total costs come to $809 over 5 years, cutting the return by 1.37% 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 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $809 |
| Value after costs | $10,363 | $11,130 | $11,954 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
WAYRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0006%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $261.3M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
WAYRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $373 | 28.90% |
| GOLDMAN SACHS & CO. LLC | $219 | 16.97% |
| MORGAN STANLEY & CO. LLC | $149 | 11.52% |
| RBC CAPITAL MARKETS, LLC | $145 | 11.21% |
| JEFFERIES LLC | $104 | 8.04% |
| R.J. O'Brien Securities, LLC | $90 | 6.98% |
| BOFA SECURITIES, INC. | $76 | 5.89% |
| DEUTSCHE BANK SECURITIES INC. | $59 | 4.55% |
| BNP Paribas Securities Corp. | $44 | 3.41% |
| WELLS FARGO SECURITIES, LLC | $33 | 2.52% |
WAYRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $39.7M | 18.99% |
| GOLDMAN SACHS & CO. LLC | $36.0M | 17.23% |
| BOFA SECURITIES, INC. | $32.4M | 15.48% |
| MORGAN STANLEY & CO. LLC | $30.3M | 14.50% |
| CitiGroup Global Markets Inc. | $23.2M | 11.11% |
| BARCLAYS CAPITAL, INC. | $13.8M | 6.59% |
| WELLS FARGO SECURITIES, LLC | $10.9M | 5.19% |
| JEFFERIES LLC | $9.2M | 4.42% |
| DEUTSCHE BANK SECURITIES, INC. | $6.8M | 3.28% |
| Apollo Global Securities LLC | $6.7M | 3.22% |
Western Asset High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| WAHSX | Class IS | 0.65% | none |
| WAHYX | Class I | 0.75% | none |
| WAYAX | Class A | 0.99% | 3.75% |
| WAYRX | Class R | 1.30% | none |
| WAYCX | Class C | 1.73% | 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.