STIFX Fees and Costs — Virtus Seix Corporate Bond Fund, Class C
Data updated: 2024-11-22
The net expense ratio is 1.65%: a 0.40% management fee, a 1.00% 12b-1 fee plus 0.50% other expenses, less a 0.25% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 118%.
STIFX Fees and Expenses
Annual operating expenses and sales charges of STIFX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.90% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
STIFX Costs Over Time
On $10,000 invested in STIFX, assuming 5% a year before costs, total costs come to $1,019 over 5 years, cutting the return by 1.73% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.65%) | $173 | $537 | $925 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $277 | $564 | $1,019 |
| Value after costs | $10,223 | $11,013 | $11,744 |
| Impact on return, per year | 2.77% | 1.73% | 1.73% |
STIFX 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)
STIFX 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.