HXBIX Fees and Costs — Virtus Seix Tax-Exempt Bond Fund, Class I
Data updated: 2026-05-29
The net expense ratio is 0.58%: a 0.45% management fee plus 0.45% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 35%.
HXBIX Fees and Expenses
Annual operating expenses and sales charges of HXBIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.58% |
| 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 |
HXBIX Costs Over Time
On $10,000 invested in HXBIX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
HXBIX 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): $46.8M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
HXBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $18.5M | 42.20% |
| BOFA SECURITIES, INC. | $5.8M | 13.27% |
| PERSHING LLC | $4.4M | 10.06% |
| RBC CAPITAL MARKETS LLC | $3.8M | 8.75% |
| D.A. DAVIDSON & CO. | $2.5M | 5.69% |
| MORGAN STANLEY & CO. LLC | $2.4M | 5.43% |
| CitiGroup Global Markets Inc. | $2.3M | 5.29% |
| STIFEL, NICHOLAUS & CO, INC | $1.7M | 3.78% |
| J.P. Morgan Securities LLC | $1.3M | 2.91% |
| NATIONAL FINANCIAL SERVICES LLC | $1.1M | 2.61% |
Virtus Seix Tax-Exempt 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 |
|---|---|---|---|
| HXBIX | Class I | 0.58% | none |
| HXBZX | Class A | 0.83% | 2.75% |
| PXCZX | Class C | 1.58% | 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.