What are the fees and expenses associated with Legg Mason's investment products?

The fees and expenses associated with Legg Mason's investment products vary depending on the specific product and investment strategy. These costs typically consist of management fees, operating expenses, and other service fees. Management fees cover the cost of professional management and can range from a few basis points to a percentage of the asset's value. Operating expenses encompass administrative and operational costs, including custodial fees and auditing expenses. Additionally, some investment products may have performance-based fees tied to their investment results. It is important to review the prospectus and other related materials for each specific investment product to fully understand the fees and expenses associated with it.