AOTAX Fees and Costs — Virtus Emerging Markets Opportunities Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.29%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.40% other expenses, less a 0.21% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $336K in broker commissions, 0.1719% of average net assets, and portfolio turnover was 146%.
AOTAX Fees and Expenses
Annual operating expenses and sales charges of AOTAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.29% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
AOTAX Costs Over Time
On $10,000 invested in AOTAX, assuming 5% a year before costs, total costs come to $1,558 over 5 years, cutting the return by 2.70% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.29%) | $128 | $397 | $686 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $27 | $109 | $231 |
| Total costs | $723 | $1,109 | $1,558 |
| Value after costs | $9,777 | $10,467 | $11,205 |
| Impact on return, per year | 7.23% | 3.47% | 2.70% |
AOTAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1719%
- Total broker commissions: $336K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 146%
- Securities lending: none during the year
AOTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $136K | 40.57% |
| BOFA SECURITIES, INC. | $66K | 19.60% |
| HSBC SECURITIES (USA) INC. | $56K | 16.63% |
| CitiGroup Global Markets Inc. | $47K | 14.07% |
| KB Securities Co., Ltd | $27K | 8.15% |
| CLSA AMERICAS, LLC | $2K | 0.54% |
| BNP PARIBAS SECURITIES CORP. | $797 | 0.24% |
| SANFORD C. BERNSTEIN & CO., LLC | $679 | 0.20% |
Virtus Emerging Markets Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AEMOX | Class R6 | 0.89% | none |
| AOTIX | Institutional Class | 0.94% | none |
| AOTAX | Class A | 1.29% | 5.50% |
| AOTCX | Class C | 2.04% | none |
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.