SSMG Fees and Costs — Virtus Silvant Small/Mid Growth ETF
Data updated: 2026-10-13
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $132 in broker commissions, 0.0042% of average net assets.
SSMG Fees and Expenses
Annual operating expenses and sales charges of SSMG. Prospectus, as of December 22, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
SSMG Costs Over Time
On $10,000 invested in SSMG, assuming 5% a year before costs, total costs come to $250 over 5 years, cutting the return by 0.41% 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 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $136 | $250 |
| Value after costs | $10,459 | $11,440 | $12,513 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
SSMG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0042%
- Total broker commissions: $132
- Bought from dealers (principal trades, not a cost): $3.0M
- Portfolio turnover (prospectus): —
SSMG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $25 | 18.94% |
| CitiGroup Global Markets Inc. | $23 | 17.42% |
| SANFORD C. BERNSTEIN & CO., LLC | $18 | 13.64% |
| Raymond James & Associates, Inc. | $15 | 11.36% |
| VIRTU AMERICAS LLC | $13 | 9.85% |
| RBC CAPITAL MARKETS, LLC | $13 | 9.85% |
| EVERCORE GROUP LLC | $11 | 8.33% |
| BOFA SECURITIES, INC. | $10 | 7.58% |
| GOLDMAN SACHS & CO. LLC | $3 | 2.27% |
| BARCLAYS CAPITAL, INC. | $1 | 0.76% |
SSMG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $3.0M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.