PALLX Fees and Costs — Virtus Global Allocation Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.54% (0.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $103K in broker commissions, 0.0722% of average net assets, and portfolio turnover was 115%.
PALLX Fees and Expenses
Annual operating expenses and sales charges of PALLX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.54% |
| 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 |
PALLX Costs Over Time
On $10,000 invested in PALLX, assuming 5% a year before costs, total costs come to $386 over 5 years, cutting the return by 0.64% 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 0.54%) | $57 | $178 | $309 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $386 |
| Value after costs | $10,436 | $11,365 | $12,377 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
PALLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0722%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $75.5M
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
PALLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $29K | 28.11% |
| GOLDMAN SACHS & CO. LLC | $27K | 27.09% |
| JEFFERIES LLC | $19K | 18.55% |
| CITIGROUP GLOBAL MARKETS INC. | $15K | 14.44% |
| HSBC SECURITIES (USA) INC. | $5K | 5.19% |
| CLSA AMERICAS, LLC | $2K | 2.06% |
| Jane Street Execution Services, LLC | $2K | 1.61% |
| J.P. Morgan Securities LLC | $1K | 1.10% |
| Ichiyoshi Securities Co., Ltd. | $973 | 0.96% |
| SANFORD C. BERNSTEIN & CO., LLC | $904 | 0.89% |
PALLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $21.6M | 32.87% |
| J.P. Morgan Securities LLC | $8.6M | 13.07% |
| MORGAN STANLEY & CO. LLC | $7.8M | 11.83% |
| GOLDMAN SACHS & CO. LLC | $5.7M | 8.67% |
| CitiGroup Global Markets Inc. | $4.9M | 7.53% |
| BARCLAYS CAPITAL, INC. | $4.2M | 6.41% |
| RBC CAPITAL MARKETS, LLC | $4.0M | 6.03% |
| SG AMERICAS SECURITIES, LLC | $3.8M | 5.82% |
| WELLS FARGO SECURITIES, LLC | $2.9M | 4.45% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.2M | 3.32% |
Virtus Global Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AGASX | Class R6 | 0.47% | none |
| PALLX | Institutional Class | 0.54% | none |
| PALAX | Class A | 0.77% | 5.50% |
| PALCX | Class C | 1.52% | 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.