SAVAX Fees and Costs — Virtus Newfleet Core Plus Bond Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.70%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.21% fee waiver. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2024 the fund paid $721 in broker commissions, 0.0003% of average net assets, and portfolio turnover was 42%.
SAVAX Fees and Expenses
Annual operating expenses and sales charges of SAVAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
SAVAX Costs Over Time
On $10,000 invested in SAVAX, assuming 5% a year before costs, total costs come to $903 over 5 years, cutting the return by 1.53% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.70%) | $71 | $221 | $385 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $19 | $70 | $142 |
| Total costs | $465 | $667 | $903 |
| Value after costs | $10,035 | $10,910 | $11,860 |
| Impact on return, per year | 4.65% | 2.06% | 1.53% |
SAVAX 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): 0.0003%
- Total broker commissions: $721
- Bought from dealers (principal trades, not a cost): $437.1M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $11K (0.004% of average net assets)
SAVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet LLC | $721 | 100.00% |
SAVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $74.2M | 21.39% |
| MORGAN STANLEY & CO. LLC | $52.5M | 15.12% |
| J.P. Morgan Securities LLC | $51.4M | 14.82% |
| GOLDMAN SACHS & CO. LLC | $44.8M | 12.91% |
| WELLS FARGO SECURITIES, LLC | $25.8M | 7.42% |
| CitiGroup Global Markets Inc. | $24.5M | 7.06% |
| BARCLAYS CAPITAL, INC. | $21.7M | 6.24% |
| PERSHING LLC | $19.8M | 5.71% |
| Daiwa Capital Markets America, Inc. | $18.6M | 5.37% |
| BNP PARIBAS SECURITIES CORP. | $13.7M | 3.96% |
Virtus Newfleet Core Plus Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VBFRX | Class R6 | 0.35% | none |
| SAVYX | Class I | 0.45% | none |
| SAVAX | Class A | 0.70% | 3.75% |
| SAVCX | Class C | 1.45% | 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.