STSBX Fees and Costs — Virtus Seix Short-Term Bond Fund, Class A
Data updated: 2022-11-28
The net expense ratio is 0.80%: a 0.40% management fee, a 0.20% 12b-1 fee plus 0.77% other expenses, less a 0.57% fee waiver. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 110%.
STSBX Fees and Expenses
Annual operating expenses and sales charges of STSBX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.57% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
STSBX Costs Over Time
On $10,000 invested in STSBX, assuming 5% a year before costs, total costs come to $778 over 5 years, cutting the return by 1.31% 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 | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.80%) | $82 | $257 | $446 |
| Lost growth on money paid in costs | $11 | $48 | $107 |
| Total costs | $318 | $530 | $778 |
| Value after costs | $10,182 | $11,046 | $11,985 |
| Impact on return, per year | 3.18% | 1.63% | 1.31% |
STSBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $30.2M
- Portfolio turnover (prospectus): 110%
- Securities lending: none during the year
STSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $8.5M | 31.32% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $8.5M | 31.16% |
| J.P. Morgan Securities LLC | $2.4M | 8.77% |
| BARCLAYS CAPITAL, INC. | $2.3M | 8.39% |
| WELLS FARGO SECURITIES, LLC | $1.5M | 5.43% |
| CitiGroup Global Markets Inc. | $1.4M | 5.04% |
| Jane Street Execution Services, LLC | $975K | 3.59% |
| GOLDMAN SACHS & CO. LLC | $719K | 2.65% |
| BOFA SECURITIES, INC. | $500K | 1.84% |
| MORGAN STANLEY & CO. LLC | $493K | 1.82% |
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.