SISIX Fees and Costs — Virtus Seix Investment Grade Tax-Exempt Bond Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 0.67%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.35% fee waiver. This share class carries a maximum front-end sales load of 2.75%. Portfolio turnover was 51%.
SISIX Fees and Expenses
Annual operating expenses and sales charges of SISIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.67% |
| 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 |
SISIX Costs Over Time
On $10,000 invested in SISIX, assuming 5% a year before costs, total costs come to $761 over 5 years, cutting the return by 1.28% 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 0.67%) | $68 | $214 | $373 |
| Lost growth on money paid in costs | $14 | $54 | $113 |
| Total costs | $357 | $543 | $761 |
| Value after costs | $10,143 | $11,033 | $12,002 |
| Impact on return, per year | 3.57% | 1.67% | 1.28% |
SISIX 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): $113.2M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
SISIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $59.7M | 52.74% |
| RAYMOND JAMES & ASSOCIATES, INC. | $21.3M | 18.78% |
| BOFA SECURITIES, INC. | $9.1M | 8.02% |
| RBC CAPITAL MARKETS, LLC | $7.9M | 6.98% |
| J.P. Morgan Securities LLC | $3.9M | 3.41% |
| BARCLAYS CAPITAL, INC. | $3.5M | 3.13% |
| NATIONAL FINANCIAL SERVICES LLC | $3.3M | 2.91% |
| MORGAN STANLEY & CO. LLC | $3.1M | 2.75% |
| WELLS FARGO SECURITIES, LLC | $918K | 0.81% |
| JEFFERIES LLC | $543K | 0.48% |
Virtus Seix Investment Grade Tax-Exempt 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 |
|---|---|---|---|
| STTBX | Class I | 0.50% | none |
| SISIX | Class A | 0.67% | 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.