HYPSX Fees and Costs — Virtus Seix High Yield Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.84% (1.04% before fee waivers). This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 69%.
HYPSX Fees and Expenses
Annual operating expenses and sales charges of HYPSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
HYPSX Costs Over Time
On $10,000 invested in HYPSX, assuming 5% a year before costs, total costs come to $986 over 5 years, cutting the return by 1.67% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.84%) | $85 | $265 | $461 |
| Lost growth on money paid in costs | $19 | $72 | $150 |
| Total costs | $479 | $713 | $986 |
| Value after costs | $10,021 | $10,864 | $11,777 |
| Impact on return, per year | 4.79% | 2.20% | 1.67% |
HYPSX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $485.5M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $11.3M
- Net income from securities lending: $232K (0.056% of average net assets)
HYPSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $217.5M | 51.57% |
| GOLDMAN SACHS & CO. LLC | $47.2M | 11.18% |
| WELLS FARGO SECURITIES, LLC | $24.8M | 5.87% |
| ROBERT W BAIRD & CO. INC. | $23.3M | 5.52% |
| MORGAN STANLEY & CO. LLC | $22.9M | 5.42% |
| PERSHING LLC | $22.8M | 5.40% |
| JEFFERIES LLC | $22.1M | 5.24% |
| BOFA SECURITIES, INC. | $19.8M | 4.70% |
| BARCLAYS CAPITAL, INC. | $12.1M | 2.86% |
| CitiGroup Global Markets Inc. | $9.4M | 2.23% |
Virtus Seix High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HYIZX | Class R6 | 0.55% | none |
| SAMHX | Class I | 0.66% | none |
| HYPSX | Class A | 0.84% | 3.75% |
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.