PWBAX Fees and Costs — Virtus Rampart Sector Trend Fund, Class A
Data updated: 2020-12-11
The net expense ratio is 1.01%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $44K in broker commissions, 0.0261% of average net assets, and portfolio turnover was 347%.
PWBAX Fees and Expenses
Annual operating expenses and sales charges of PWBAX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
PWBAX Costs Over Time
On $10,000 invested in PWBAX, assuming 5% a year before costs, total costs come to $1,344 over 5 years, cutting the return by 2.31% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.01%) | $100 | $312 | $540 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $29 | $106 | $215 |
| Total costs | $706 | $1,001 | $1,344 |
| Value after costs | $9,794 | $10,575 | $11,419 |
| Impact on return, per year | 7.06% | 3.12% | 2.31% |
PWBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0261%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 347%
- Securities lending: none during the year
PWBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $31K | 70.33% |
| BARCLAYS CAPITAL, INC. | $13K | 29.67% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.