NAMFX Fees and Costs — Virtus Newfleet Multi-Sector Intermediate Bond Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.99%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.09% fee waiver. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2024 the fund paid $2K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 76%.
NAMFX Fees and Expenses
Annual operating expenses and sales charges of NAMFX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.99% |
| 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 |
NAMFX Costs Over Time
On $10,000 invested in NAMFX, assuming 5% a year before costs, total costs come to $1,075 over 5 years, cutting the return by 1.83% 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 0.99%) | $100 | $312 | $541 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $19 | $75 | $158 |
| Total costs | $494 | $762 | $1,075 |
| Value after costs | $10,006 | $10,814 | $11,688 |
| Impact on return, per year | 4.94% | 2.36% | 1.83% |
NAMFX 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): 0.0003%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $823.5M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $80K (0.015% of average net assets)
NAMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $2K | 100.00% |
NAMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $107.2M | 16.52% |
| BOFA SECURITIES, INC. | $100.2M | 15.43% |
| GOLDMAN SACHS & CO. LLC | $96.0M | 14.78% |
| MORGAN STANLEY & CO. LLC | $77.2M | 11.90% |
| BARCLAYS CAPITAL, INC. | $62.2M | 9.58% |
| WELLS FARGO SECURITIES, LLC | $51.4M | 7.91% |
| CitiGroup Global Markets Inc. | $41.9M | 6.45% |
| PERSHING LLC | $38.3M | 5.90% |
| JEFFERIES LLC | $37.6M | 5.79% |
| HSBC SECURITIES (USA), INC. | $37.3M | 5.74% |
Virtus Newfleet Multi-Sector Intermediate 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 |
|---|---|---|---|
| VMFRX | Class R6 | 0.60% | none |
| VMFIX | Class I | 0.74% | none |
| NAMFX | Class A | 0.99% | 3.75% |
| NCMFX | Class C | 1.74% | 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.