STICX Fees and Costs — Virtus Seix Corporate Bond Fund, Class I
Data updated: 2024-11-22
The net expense ratio is 0.70%: a 0.40% management fee plus 0.51% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 118%.
STICX Fees and Expenses
Annual operating expenses and sales charges of STICX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.70% |
| 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 |
STICX Costs Over Time
On $10,000 invested in STICX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
STICX 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): $106.4M
- Portfolio turnover (prospectus): 118%
- Securities on loan, average value: $70K
- Net income from securities lending: $962 (0.002% of average net assets)
STICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $15.5M | 18.02% |
| BOFA SECURITIES, INC. | $14.4M | 16.75% |
| CitiGroup Global Markets Inc. | $13.6M | 15.78% |
| CITADEL SECURITIES LLC | $10.2M | 11.86% |
| BARCLAYS CAPITAL, INC. | $8.0M | 9.36% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $6.7M | 7.78% |
| GOLDMAN SACHS & CO. LLC | $4.9M | 5.67% |
| DEUTSCHE BANK SECURITIES, INC. | $4.8M | 5.54% |
| MORGAN STANLEY & CO. LLC | $4.7M | 5.43% |
| WELLS FARGO SECURITIES, LLC | $3.3M | 3.81% |
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.