ACKIX Fees and Costs — Virtus AllianzGI Core Plus Bond Fund, Institutional Class
Data updated: 2022-08-25
The net expense ratio is 0.30%: a 0.30% management fee plus 0.30% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 361%.
ACKIX Fees and Expenses
Annual operating expenses and sales charges of ACKIX. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ACKIX Costs Over Time
On $10,000 invested in ACKIX, assuming 5% a year before costs, total costs come to $192 over 5 years, cutting the return by 0.32% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $105 | $192 |
| Value after costs | $10,468 | $11,471 | $12,571 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
ACKIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $417.4M
- Portfolio turnover (prospectus): 361%
- Securities lending: none during the year
ACKIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1K | 93.06% |
| BOFA SECURITIES, INC. | $108 | 6.94% |
ACKIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $107.8M | 24.46% |
| MORGAN STANLEY & CO. LLC | $81.5M | 18.49% |
| WELLS FARGO SECURITIES, LLC | $60.8M | 13.80% |
| GOLDMAN SACHS & CO. LLC | $50.2M | 11.38% |
| CitiGroup Global Markets Inc. | $41.4M | 9.38% |
| J.P. Morgan Securities LLC | $39.3M | 8.92% |
| BOFA SECURITIES, INC. | $21.2M | 4.82% |
| RBC CAPITAL MARKETS LLC | $18.6M | 4.22% |
| DEUTSCHE BANK SECURITIES, INC. | $10.8M | 2.45% |
| BARCLAYS CAPITAL, INC. | $9.3M | 2.10% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.