STHTX Fees and Costs — Virtus Seix High Income Fund, Class I
Data updated: 2024-03-14
The net expense ratio is 0.68%: a 0.55% management fee plus 0.37% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 70%.
STHTX Fees and Expenses
Annual operating expenses and sales charges of STHTX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
STHTX Costs Over Time
On $10,000 invested in STHTX, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
STHTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $208.2M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $45K (0.033% of average net assets)
STHTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $73.2M | 40.00% |
| GOLDMAN SACHS & CO. LLC | $28.3M | 15.43% |
| CitiGroup Global Markets Inc. | $15.1M | 8.27% |
| BOFA SECURITIES, INC. | $13.4M | 7.32% |
| JEFFERIES LLC | $11.6M | 6.35% |
| MORGAN STANLEY & CO. LLC | $10.6M | 5.76% |
| BARCLAYS CAPITAL, INC. | $10.1M | 5.50% |
| ROBERT W BAIRD & CO. INC. | $7.8M | 4.26% |
| PERSHING LLC | $6.6M | 3.61% |
| WELLS FARGO SECURITIES, LLC | $6.4M | 3.51% |
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.