HIBIX Fees and Costs — Virtus Newfleet Low Duration Core Plus Bond Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.50%: a 0.40% management fee plus 0.29% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 55%.
HIBIX Fees and Expenses
Annual operating expenses and sales charges of HIBIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.50% |
| 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 |
HIBIX Costs Over Time
On $10,000 invested in HIBIX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
HIBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $265.6M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $15K (0.004% of average net assets)
HIBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $42.5M | 19.94% |
| J.P. Morgan Securities LLC | $38.9M | 18.26% |
| MORGAN STANLEY & CO. LLC | $24.8M | 11.62% |
| GOLDMAN SACHS & CO. LLC | $23.6M | 11.06% |
| PERSHING LLC | $18.4M | 8.61% |
| BARCLAYS CAPITAL, INC. | $17.2M | 8.06% |
| WELLS FARGO SECURITIES, LLC | $15.1M | 7.08% |
| BNP PARIBAS SECURITIES CORP. | $12.2M | 5.74% |
| Truist Securities, Inc. | $10.6M | 4.98% |
| CitiGroup Global Markets Inc. | $9.9M | 4.64% |
Virtus Newfleet Low Duration Core Plus Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VLDRX | Class R6 | 0.43% | none |
| HIBIX | Class I | 0.50% | none |
| HIMZX | Class A | 0.75% | 2.25% |
| PCMZX | Class C | 1.50% | 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.