Expense Ratio History

SBVAX expense ratio history

ClearBridge Small Cap Value Fund, Class A

Fund company
Legg Mason Partners Investment
Type
Mutual fund

1.36%

In basis points
136 basis points
Yearly cost per $10,000
$136
Prospectus dated
31 January 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.37% on 31 January 2024

Fee over time

SBVAX expense ratio: 1.35% until 31 Jan 2012, then 1.37%; 1.37% until 1 Feb 2013, then 1.25%; 1.25% until 1 Feb 2014, then 1.34%; 1.34% until 1 Feb 2015, then 1.35%; 1.35% until 1 Feb 2016, then 1.33%; 1.33% until 1 Feb 2017, then 1.38%; 1.38% until 1 Feb 2018, then 1.33%; 1.33% until 1 Feb 2019, then 1.35%; 1.35% until 1 Feb 2020, then 1.40%; 1.40% until 29 Jan 2021, then 1.46%; 1.46% until 28 Jan 2022, then 1.38%; 1.38% until 30 Jan 2023, then 1.37%; 1.37% until 31 Jan 2024, then 1.36%; read at 1.36% on 31 Jan 2024.0.00%0.50%1.00%1.50%2.00%Jan 2011Apr 2013Jul 2015Oct 2017Jan 2020Apr 20221.35% before1.36% from 31 Jan 2024
SBVAX expense ratio: 1.35% until 31 Jan 2012, then 1.37%; 1.37% until 1 Feb 2013, then 1.25%; 1.25% until 1 Feb 2014, then 1.34%; 1.34% until 1 Feb 2015, then 1.35%; 1.35% until 1 Feb 2016, then 1.33%; 1.33% until 1 Feb 2017, then 1.38%; 1.38% until 1 Feb 2018, then 1.33%; 1.33% until 1 Feb 2019, then 1.35%; 1.35% until 1 Feb 2020, then 1.40%; 1.40% until 29 Jan 2021, then 1.46%; 1.46% until 28 Jan 2022, then 1.38%; 1.38% until 30 Jan 2023, then 1.37%; 1.37% until 31 Jan 2024, then 1.36%; read at 1.36% on 31 Jan 2024.0.00%0.50%1.00%1.50%2.00%Jan 2011Jun 2015Nov 20191.35% before1.36% from 31 Jan 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 8 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
SBVAX (this page) Class A 1.36% 1.35% 31 Jan 2024
— — 2.44% 2.26% 1 Feb 2014
SBVLX Class C 2.10% — 31 Jan 2024
SMCYX Class I 1.06% 1.00% 31 Jan 2024
— — 1.35% — 1 Feb 2019
— Class R 1.66% 1.60% 31 Jan 2024
— — 2.08% — 1 Feb 2017
LCBIX Class IS 0.98% 0.90% 31 Jan 2024

Every figure we've recorded

DateFeeWhat happened
31 Jan 2024 1.36% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-01-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jan 2024 1.36% Cut from 1.37% to 1.36%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-01-26
30 Jan 2023 1.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-01-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jan 2023 1.37% Cut from 1.38% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-01-24
28 Jan 2022 1.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-01-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jan 2022 1.38% Cut from 1.46% to 1.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-01-24
29 Jan 2021 1.46% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-01-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jan 2021 1.46% Raised from 1.40% to 1.46%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-01-25
1 Feb 2020 1.40% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2020 1.40% Raised from 1.35% to 1.40%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-02-10
1 Feb 2019 1.35% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2019 1.35% Raised from 1.33% to 1.35%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-02-04
1 Feb 2018 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2018 1.33% Cut from 1.38% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-02-15
1 Feb 2017 1.38% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2017 1.38% Raised from 1.33% to 1.38%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-02-03
1 Feb 2016 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2016 1.33% Cut from 1.35% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-02-02
1 Feb 2015 1.35% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2015 1.35% Raised from 1.34% to 1.35%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-08-19
1 Feb 2014 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2014 1.34% Raised from 1.25% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-02-05
20 May 2013 1.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-05-20 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2013 1.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2013 1.25% Cut from 1.37% to 1.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-02-11
31 Jan 2012 1.37% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-01-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jan 2012 1.37% Raised from 1.35% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2012-02-08
31 Jan 2011 1.35% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-01-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.36% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,643 in fees over 10 years

After fees, $10,000 grows to $14,251.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$139
3 years$433
5 years$749
10 years$1,643

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 15 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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