C000234183 Fees and Costs — Virtus Stone Harbor Strategic Income Fund, Class I
Data updated: 2024-01-23
The net expense ratio is 0.70% (1.33% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $5K in broker commissions, 0.0123% of average net assets, and portfolio turnover was 99%.
C000234183 Fees and Expenses
Annual operating expenses and sales charges of C000234183. Prospectus, as of May 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.63% |
| Net expense ratio | 0.70% |
| 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 |
C000234183 Costs Over Time
On $10,000 invested in C000234183, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $448 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000234183 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0123%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $74.9M
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
C000234183 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $5K | 100.00% |
C000234183 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $63.5M | 87.03% |
| J.P. Morgan Securities LLC | $2.8M | 3.82% |
| BOFA SECURITIES, INC. | $1.9M | 2.58% |
| PERSHING LLC | $1.3M | 1.78% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.2M | 1.66% |
| BARCLAYS CAPITAL, INC. | $627K | 0.86% |
| WELLS FARGO SECURITIES, LLC | $622K | 0.85% |
| GOLDMAN SACHS & CO. LLC | $393K | 0.54% |
| UNICREDIT CAPITAL MARKETS LLC | $321K | 0.44% |
| HSBC SECURITIES (USA), INC. | $320K | 0.44% |
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.