PCLO Fees and Costs — Virtus Seix AAA Private Credit CLO ETF
Data updated: 2026-10-13
The net expense ratio is 0.29%. There are no sales loads or redemption fees. Portfolio turnover was 87%.
PCLO Fees and Expenses
Annual operating expenses and sales charges of PCLO. Prospectus, as of November 25, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
PCLO Costs Over Time
On $10,000 invested in PCLO, assuming 5% a year before costs, total costs come to $184 over 5 years, cutting the return by 0.30% 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 0.29%) | $30 | $96 | $167 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
PCLO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.5M
- Portfolio turnover (prospectus): 87%
PCLO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SCOTIA CAPITAL (USA), INC. | $7.7M | 66.85% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $1.0M | 8.73% |
| J.P. Morgan Securities LLC | $1.0M | 8.72% |
| RBC CAPITAL MARKETS, LLC | $798K | 6.96% |
| MUFG SECURITIES AMERICAS INC. | $501K | 4.37% |
| Natixis Securities Americas LLC | $500K | 4.36% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.