JVXIX Fees and Costs — Virtus Vontobel Foreign Opportunities Fund, Class I
Data updated: 2024-02-28
The net expense ratio is 1.07%: a 0.85% management fee plus 0.27% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $551K in broker commissions, 0.0817% of average net assets, and portfolio turnover was 55%.
JVXIX Fees and Expenses
Annual operating expenses and sales charges of JVXIX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.07% |
| 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 |
JVXIX Costs Over Time
On $10,000 invested in JVXIX, assuming 5% a year before costs, total costs come to $718 over 5 years, cutting the return by 1.21% 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 1.07%) | $112 | $350 | $606 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $718 |
| Value after costs | $10,379 | $11,181 | $12,045 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
JVXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0817%
- Total broker commissions: $551K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $891K
- Net income from securities lending: $5K (0.001% of average net assets)
JVXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $94K | 23.28% |
| SANFORD C. BERNSTEIN & CO., LLC | $57K | 14.13% |
| GOLDMAN SACHS & CO. LLC | $55K | 13.59% |
| MACQUARIE CAPITAL (USA), INC. | $46K | 11.43% |
| CitiGroup Global Markets Inc. | $33K | 8.29% |
| J.P. Morgan Securities LLC | $29K | 7.23% |
| UBS Securities LLC | $28K | 6.87% |
| BARCLAYS CAPITAL, INC. | $22K | 5.56% |
| REDBURN (USA) LLC | $20K | 4.88% |
| WINTERFLOOD SECURITIES LIMITED | $19K | 4.73% |
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.