SFLTX Fees and Costs — Virtus Seix High Grade Municipal Bond Fund, Class A
Data updated: 2026-06-01
The net expense ratio is 0.73%: a 0.50% management fee, a 0.15% 12b-1 fee plus 0.72% other expenses, less a 0.64% fee waiver. This share class carries a maximum front-end sales load of 2.75%. Portfolio turnover was 51%.
SFLTX Fees and Expenses
Annual operating expenses and sales charges of SFLTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.64% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 2.75% |
| 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 |
SFLTX Costs Over Time
On $10,000 invested in SFLTX, assuming 5% a year before costs, total costs come to $797 over 5 years, cutting the return by 1.35% 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 | $275 | $275 | $275 |
| Fund expenses (net expense ratio 0.73%) | $75 | $233 | $406 |
| Lost growth on money paid in costs | $14 | $55 | $117 |
| Total costs | $363 | $563 | $797 |
| Value after costs | $10,137 | $11,013 | $11,965 |
| Impact on return, per year | 3.63% | 1.73% | 1.35% |
SFLTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $27.9M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
SFLTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $12.6M | 45.15% |
| RAYMOND JAMES & ASSOCIATES, INC. | $10.6M | 38.03% |
| MORGAN STANLEY & CO. LLC | $1.9M | 6.72% |
| BOFA SECURITIES, INC. | $968K | 3.47% |
| J.P. Morgan Securities LLC | $739K | 2.65% |
| RBC CAPITAL MARKETS, LLC | $681K | 2.44% |
| BARCLAYS CAPITAL, INC. | $275K | 0.98% |
| D.A. DAVIDSON & CO. | $155K | 0.55% |
Virtus Seix High Grade Municipal 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 |
|---|---|---|---|
| SCFTX | Class I | 0.58% | none |
| SFLTX | Class A | 0.73% | 2.75% |
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.