C000126195 Fees and Costs — Virtus Duff & Phelps Real Estate Securities Series, Class I
Data updated: 2026-08-28
The net expense ratio is 0.85%: a 0.75% management fee plus 0.19% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0125% of average net assets, and portfolio turnover was 22%.
C000126195 Fees and Expenses
Annual operating expenses and sales charges of C000126195. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000126195 Costs Over Time
On $10,000 invested in C000126195, assuming 5% a year before costs, total costs come to $541 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $297 | $541 |
| Value after costs | $10,409 | $11,279 | $12,222 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000126195 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0125%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $448K
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000126195 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $5K | 35.43% |
| J.P. Morgan Securities LLC | $3K | 23.19% |
| CitiGroup Global Markets Inc. | $2K | 18.06% |
| EVERCORE GROUP L.L.C. | $758 | 5.92% |
| WOLFE RESEARCH SECURITIES | $678 | 5.30% |
| MORGAN STANLEY & CO. LLC | $672 | 5.25% |
| BOFA SECURITIES, INC. | $502 | 3.92% |
| RBC CAPITAL MARKETS, LLC | $376 | 2.94% |
C000126195 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $448K | 100.00% |
Virtus Duff & Phelps Real Estate Securities Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000126195 | Class I | 0.85% | — |
| C000005146 | Class A | 1.10% | — |
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.