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LMXAX - Legg Mason Target Retirement 2025 A

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Legg Mason Target Retirement 2025 A (LMXAX)
Expense Ratio: 1.15%
Expected Lifetime Fees: $33,716.69


The Legg Mason Target Retirement 2025 A fund (LMXAX) is a Target Date 2021-2025 fund started on 08/29/2008 and has $5.80 million in assets under management. The current manager has been running Legg Mason Target Retirement 2025 A since 12/11/2011. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

iShares S&P Target Date 2025 (TZI)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26


The iShares S&P Target Date 2025 (TZI) is an Exchange Traded Fund. It is a "basket" of securities that index the Target Date 2021-2025 investment strategy and is an alternative to a Target Date 2021-2025 mutual fund. Fees are very low compared to a comparable mutual fund like Legg Mason Target Retirement 2025 A because computers automatically manage the stocks.




The Following Target Date 2021-2025 Funds Have Lower Fees Than Legg Mason Target Retirement 2025 A (LMXAX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
AllianceBern 2025 Retirement Strat A LTIAX 14.0% 244 1.04%
AllianceBern 2025 Retirement Strat I LTJIX 14.0% 244 0.74%
AllianceBern 2025 Retirement Strat K LTJKX 14.0% 244 0.99%
American Century LIVESTRONG 2025 A ARWAX 3.0% 1,200 1.08%
American Century LIVESTRONG 2025 Instl ARWFX 3.0% 1,200 0.63%
American Century LIVESTRONG 2025 Inv ARWIX 3.0% 1,200 0.83%
American Funds Trgt Date Ret 2025 A AADTX 3.0% 1,700 0.76%
American Funds Trgt Date Ret 2025 R3 RCDTX 3.0% 1,700 1.09%
American Funds Trgt Date Ret 2025 R4 RDDTX 3.0% 1,700 0.77%
American Funds Trgt Date Ret 2025 R5 REDTX 3.0% 1,700 0.46%
American Funds Trgt Date Ret 2025 R6 RFDTX 3.0% 1,700 0.42%
Fidelity Advisor Freedom 2025 A FATWX 14.0% 2,300 0.96%
Fidelity Advisor Freedom 2025 I FITWX 14.0% 2,300 0.71%
JHancock2 Retirement Living 2025 R4 JLEGX 22.0% 973 1.08%
Schwab Target 2025 SWHRX 9.0% 122 0.74%
T. Rowe Price Retirement 2025 TRRHX 16.7% 7,900 0.72%
T. Rowe Price Retirement 2025 Adv PARJX 16.7% 7,900 0.97%
Vanguard Target Retirement 2025 Inv VTTVX 23.0% 17,600 0.18%
Wells Fargo Advantage DJ Target 2025 Adm WFTRX 31.0% 1,800 0.85%
Wells Fargo Advantage DJ Target 2025 I WFTYX 31.0% 1,800 0.50%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.