PFSRX Fees and Costs — Virtus Newfleet Senior Floating Rate Fund, Class C
Data updated: 2026-08-28
The net expense ratio is 1.70% (1.85% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $704 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 104%.
PFSRX Fees and Expenses
Annual operating expenses and sales charges of PFSRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.85% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PFSRX Costs Over Time
On $10,000 invested in PFSRX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.79% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.70%) | $178 | $553 | $952 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $282 | $581 | $1,049 |
| Value after costs | $10,218 | $10,996 | $11,714 |
| Impact on return, per year | 2.82% | 1.79% | 1.79% |
PFSRX 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): 0.0004%
- Total broker commissions: $704
- Bought from dealers (principal trades, not a cost): $135.5M
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
PFSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $372 | 52.84% |
| STIFEL NICHOLAS & CO., INC. | $170 | 24.15% |
| INSTINET, LLC | $162 | 23.01% |
PFSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $32.2M | 26.24% |
| BOFA SECURITIES, INC. | $18.8M | 15.32% |
| BARCLAYS CAPITAL, INC. | $15.2M | 12.40% |
| GOLDMAN SACHS & CO. LLC | $14.4M | 11.78% |
| MORGAN STANLEY & CO. LLC | $11.0M | 8.94% |
| DEUTSCHE BANK SECURITIES, INC. | $6.8M | 5.54% |
| UBS SECURITIES LLC | $6.8M | 5.53% |
| CitiGroup Global Markets Inc. | $6.3M | 5.17% |
| JEFFERIES LLC | $6.2M | 5.04% |
| RBC CAPITAL MARKETS LLC | $5.0M | 4.05% |
Virtus Newfleet Senior Floating Rate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VRSFX | Class R6 | 0.60% | none |
| PSFIX | Class I | 0.70% | none |
| PSFRX | Class A | 0.95% | 2.75% |
| PFSRX | Class C | 1.70% | 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.