BBC Fees and Costs — Virtus LifeSci Biotech Clinical Trials ETF
Data updated: 2026-09-29
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.1292% of average net assets, and portfolio turnover was 53%.
BBC Fees and Expenses
Annual operating expenses and sales charges of BBC. Prospectus, as of February 26, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BBC Costs Over Time
On $10,000 invested in BBC, assuming 5% a year before costs, total costs come to $490 over 5 years, cutting the return by 0.82% 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 0.65%) | $68 | $213 | $371 |
| Trading costs (broker commissions) | $14 | $42 | $74 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $490 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
BBC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1292%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $38.8M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $56K (0.442% of average net assets)
BBC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $16K | 95.82% |
| Jane Street Execution Services, LLC | $683 | 4.18% |
BBC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $21.8M | 41.94% |
| VIRTU AMERICAS LLC | $21.8M | 41.94% |
| GOLDMAN SACHS & CO. LLC | $6.6M | 12.67% |
| CITADEL SECURITIES LLC | $1.8M | 3.44% |
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.