WBND Fees and Costs — Western Asset Total Return ETF
Data updated: 2025-08-25
The net expense ratio is 0.65%: a 0.49% management fee plus 0.20% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0770% of average net assets, and portfolio turnover was 105%.
WBND Fees and Expenses
Annual operating expenses and sales charges of WBND. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
WBND Costs Over Time
On $10,000 invested in WBND, assuming 5% a year before costs, total costs come to $457 over 5 years, cutting the return by 0.76% 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 0.65%) | $68 | $214 | $371 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $457 |
| Value after costs | $10,424 | $11,326 | $12,306 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
WBND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0770%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $109.5M
- Portfolio turnover (prospectus): 105%
- Securities lending: none during the year
WBND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADVANTAGE FUTURES LLC | $13K | 61.73% |
| MORGAN STANLEY & CO. LLC | $3K | 15.77% |
| BNY MELLON CAPITAL MARKETS, LLC | $1K | 4.79% |
| CitiGroup Global Markets Inc. | $827 | 3.94% |
| GOLDMAN SACHS & CO. LLC | $759 | 3.62% |
| WELLS FARGO SECURITIES, LLC | $699 | 3.33% |
| J.P. Morgan Securities LLC | $439 | 2.09% |
| JEFFERIES LLC | $351 | 1.67% |
| UBS Securities LLC | $322 | 1.54% |
| BOFA SECURITIES, INC. | $318 | 1.52% |
WBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $27.3M | 26.54% |
| GOLDMAN SACHS & CO. LLC | $23.3M | 22.57% |
| J.P. Morgan Securities LLC | $21.6M | 20.94% |
| BOFA SECURITIES, INC. | $9.4M | 9.17% |
| CitiGroup Global Markets Inc. | $8.3M | 8.01% |
| BNP PARIBAS SECURITIES CORP. | $3.5M | 3.45% |
| UBS SECURITIES LLC | $3.5M | 3.43% |
| WELLS FARGO SECURITIES, LLC | $2.7M | 2.67% |
| BMO CAPITAL MARKETS CORP. | $2.0M | 1.96% |
| Santander US Capital Markets LLC | $1.3M | 1.25% |
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.