Expense Ratio History

SHDAX expense ratio history

Western Asset Short Duration Municipal Income Fund, Class A

Fund company
Legg Mason Partners Income
Type
Mutual fund

0.62%

In basis points
62 basis points
Yearly cost per $10,000
$62
Prospectus dated
1 July 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.60% on 1 July 2026

Fee over time

SHDAX expense ratio: 0.67% until 29 Feb 2012, then 0.65%; 0.65% until 1 Mar 2014, then 0.66%; 0.66% until 29 Jun 2018, then 0.68%; 0.68% until 28 Jun 2019, then 0.55%; 0.55% until 29 Jun 2023, then 0.56%; 0.56% until 1 Jul 2024, then 0.57%; 0.57% until 1 Jul 2025, then 0.60%; 0.60% until 1 Jul 2026, then 0.62%; read at 0.62% on 1 Jul 2026.0.00%0.25%0.50%0.75%1.00%Feb 2011Oct 2013Jun 2016Feb 2019Oct 2021Jun 20240.67% before0.62% from 1 Jul 2026
SHDAX expense ratio: 0.67% until 29 Feb 2012, then 0.65%; 0.65% until 1 Mar 2014, then 0.66%; 0.66% until 29 Jun 2018, then 0.68%; 0.68% until 28 Jun 2019, then 0.55%; 0.55% until 29 Jun 2023, then 0.56%; 0.56% until 1 Jul 2024, then 0.57%; 0.57% until 1 Jul 2025, then 0.60%; 0.60% until 1 Jul 2026, then 0.62%; read at 0.62% on 1 Jul 2026.0.00%0.25%0.50%0.75%1.00%Feb 2011May 2016Aug 20210.67% before0.62% from 1 Jul 2026
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
SHDAX (this page) Class A 0.62% 0.55% 1 Jul 2026
SHDLX Class C 0.96% — 1 Jul 2026
SMDYX Class I 0.47% 0.40% 1 Jul 2026
— Class FI 0.84% 0.75% 1 Jul 2026
— — 0.64% — 30 Jun 2020
SHDSX Class IS 0.39% 0.35% 1 Jul 2026
CIABX Class C2 1.14% — 1 Jul 2026

Every figure we've recorded

DateFeeWhat happened
1 Jul 2026 0.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2026 0.62% Raised from 0.60% to 0.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-06-23
1 Jul 2025 0.60% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2025 0.60% Raised from 0.57% to 0.60%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-06-24
1 Jul 2024 0.57% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-07-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2024 0.57% Raised from 0.56% to 0.57%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-06-25
29 Jun 2023 0.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-06-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jun 2023 0.56% Raised from 0.55% to 0.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-06-21
28 Jun 2022 0.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-06-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Jun 2021 0.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-06-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Jun 2020 0.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Jun 2019 0.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-06-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Jun 2019 0.55% Cut from 0.68% to 0.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-08-20
29 Jun 2018 0.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-06-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Jun 2018 0.68% Raised from 0.66% to 0.68%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-07-13
30 Jun 2017 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-06-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2017 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2016 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2015 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2014 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2014 0.66% Raised from 0.65% to 0.66%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-03-12
1 Mar 2013 0.65% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Feb 2012 0.65% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Feb 2012 0.65% Cut from 0.67% to 0.65%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2012-03-14
28 Feb 2011 0.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-02-28 (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 0.62% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$776 in fees over 10 years

After fees, $10,000 grows to $15,329.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$64
3 years$199
5 years$347
10 years$776

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 17 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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