Expense Ratio History

LRRAX expense ratio history

Franklin Strategic Real Return Fund, Class A

Fund company
Legg Mason Global Asset
Type
Mutual fund

1.48%

In basis points
148 basis points
Yearly cost per $10,000
$148
Prospectus dated
31 January 2024, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.53% on 31 January 2024

Fee over time

LRRAX expense ratio: 2.68% until 31 Mar 2012, then 2.54%; 2.54% until 31 Mar 2013, then 1.55%; 1.55% until 31 Mar 2014, then 1.56%; 1.56% until 1 Feb 2015, then 1.61%; 1.61% until 1 Feb 2016, then 1.43%; 1.43% until 1 Feb 2017, then 1.50%; 1.50% until 1 Feb 2018, then 1.49%; 1.49% until 1 Feb 2019, then 1.57%; 1.57% until 29 Jan 2021, then 1.84%; 1.84% until 28 Jan 2022, then 1.66%; 1.66% until 30 Jan 2023, then 1.53%; 1.53% until 31 Jan 2024, then 1.48%; read at 1.48% on 31 Jan 2024.0.00%1.00%2.00%3.00%4.00%Mar 2011Jun 2013Sep 2015Dec 2017Mar 2020Jun 20222.68% before1.48% from 31 Jan 2024
LRRAX expense ratio: 2.68% until 31 Mar 2012, then 2.54%; 2.54% until 31 Mar 2013, then 1.55%; 1.55% until 31 Mar 2014, then 1.56%; 1.56% until 1 Feb 2015, then 1.61%; 1.61% until 1 Feb 2016, then 1.43%; 1.43% until 1 Feb 2017, then 1.50%; 1.50% until 1 Feb 2018, then 1.49%; 1.49% until 1 Feb 2019, then 1.57%; 1.57% until 29 Jan 2021, then 1.84%; 1.84% until 28 Jan 2022, then 1.66%; 1.66% until 30 Jan 2023, then 1.53%; 1.53% until 31 Jan 2024, then 1.48%; read at 1.48% on 31 Jan 2024.0.00%1.00%2.00%3.00%4.00%Mar 2011Aug 2015Jan 20202.68% before1.48% 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 7 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
LRRAX (this page) Class A 1.48% 1.35% 31 Jan 2024
LRRCX Class C 2.21% 2.10% 31 Jan 2024
— — 1.59% 1.35% 1 Feb 2019
LRRIX Class I 1.20% 1.10% 31 Jan 2024
LRRSX Class IS 1.10% 1.00% 31 Jan 2024
— Class R 1.80% 1.60% 31 Jan 2024
— — 1.75% 1.55% 29 Jan 2021

Every figure we've recorded

DateFeeWhat happened
31 Jan 2024 1.48% 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 1.48% Cut from 1.53% to 1.48%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-01-26
30 Jan 2023 1.53% 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 1.53% Cut from 1.66% to 1.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-01-24
28 Jan 2022 1.66% 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 1.66% Cut from 1.84% to 1.66%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-01-24
29 Jan 2021 1.84% 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 1.84% Raised from 1.57% to 1.84%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-01-25
1 Feb 2020 1.57% 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 2019 1.57% 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 1.57% Raised from 1.49% to 1.57%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-02-15
1 Feb 2018 1.49% 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 1.49% Cut from 1.50% to 1.49%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-02-15
1 Feb 2017 1.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2017 1.50% Raised from 1.43% to 1.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-02-15
1 Feb 2016 1.43% 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 1.43% Cut from 1.61% to 1.43%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-02-12
1 Feb 2015 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Feb 2015 1.61% Raised from 1.56% to 1.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-02-12
31 Mar 2014 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2014 1.56% Raised from 1.55% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-04-16
31 Mar 2013 1.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2013 1.55% Cut from 2.54% to 1.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-04-12
31 Oct 2012 2.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-10-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Mar 2012 2.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-03-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Mar 2012 2.54% Cut from 2.68% to 2.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2012-04-17
30 Mar 2011 2.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-03-30 (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 1.48% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,778 in fees over 10 years

After fees, $10,000 grows to $14,083.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$152
3 years$471
5 years$813
10 years$1,778

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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