PGHCX Fees and Costs — Virtus Newfleet High Yield Fund, Class C
Data updated: 2026-08-28
The net expense ratio is 1.70%: a 0.55% management fee, a 1.00% 12b-1 fee plus 0.48% other expenses, less a 0.33% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 31%.
PGHCX Fees and Expenses
Annual operating expenses and sales charges of PGHCX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 2.03% |
| Fee waiver | −0.33% |
| 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 |
PGHCX Costs Over Time
On $10,000 invested in PGHCX, assuming 5% a year before costs, total costs come to $1,049 over 5 years, cutting the return by 1.78% 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 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $282 | $580 | $1,049 |
| Value after costs | $10,218 | $10,996 | $11,714 |
| Impact on return, per year | 2.82% | 1.78% | 1.78% |
PGHCX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $58.4M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $41K (0.079% of average net assets)
PGHCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9.1M | 19.09% |
| BOFA SECURITIES, INC. | $7.0M | 14.65% |
| GOLDMAN SACHS & CO. LLC | $6.7M | 14.02% |
| MORGAN STANLEY & CO. LLC | $6.0M | 12.55% |
| BARCLAYS CAPITAL, INC. | $5.0M | 10.42% |
| JEFFERIES LLC | $4.2M | 8.83% |
| PERSHING LLC | $3.4M | 7.15% |
| WELLS FARGO SECURITIES, LLC | $2.5M | 5.32% |
| RBC CAPITAL MARKETS LLC | $1.9M | 4.06% |
| BNP PARIBAS SECURITIES CORP. | $1.9M | 3.90% |
Virtus Newfleet High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VRHYX | Class R6 | 0.59% | none |
| PHCIX | Class I | 0.70% | none |
| PHCHX | Class A | 0.95% | 3.75% |
| PGHCX | 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.