SCGIX Fees and Costs — Virtus Silvant Small-Cap Growth Stock Fund, Class A
Data updated: 2022-11-28
The net expense ratio is 1.27%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.26% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2021 the fund paid $9K in broker commissions, 0.0269% of average net assets, and portfolio turnover was 17%.
SCGIX Fees and Expenses
Annual operating expenses and sales charges of SCGIX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.27% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
SCGIX Costs Over Time
On $10,000 invested in SCGIX, assuming 5% a year before costs, total costs come to $1,464 over 5 years, cutting the return by 2.53% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.27%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $27 | $107 | $222 |
| Total costs | $706 | $1,057 | $1,464 |
| Value after costs | $9,794 | $10,519 | $11,299 |
| Impact on return, per year | 7.06% | 3.30% | 2.53% |
SCGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0269%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $165K
- Net income from securities lending: $715 (0.002% of average net assets)
SCGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $5K | 58.52% |
| JEFFERIES LLC | $1K | 12.75% |
| UBS Securities LLC | $1K | 12.35% |
| Stifel, Nicolaus & Company, Incorporated | $420 | 4.55% |
| Raymond James & Associates, Inc. | $405 | 4.39% |
| BARCLAYS CAPITAL, INC. | $233 | 2.52% |
| BTIG, LLC | $176 | 1.91% |
| RBC CAPITAL MARKETS, LLC | $104 | 1.12% |
| Robert W. Baird & Co. Incorporated | $99 | 1.08% |
| KEYBANC CAPITAL MARKETS, INC. | $74 | 0.81% |
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.