SVIIX Fees and Costs — Virtus Ceredex Large-Cap Value Equity Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.24%: a 0.69% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $464K in broker commissions, 0.0908% of average net assets, and portfolio turnover was 157%.
SVIIX Fees and Expenses
Annual operating expenses and sales charges of SVIIX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
SVIIX Costs Over Time
On $10,000 invested in SVIIX, assuming 5% a year before costs, total costs come to $1,483 over 5 years, cutting the return by 2.56% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.24%) | $123 | $383 | $661 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $27 | $107 | $224 |
| Total costs | $710 | $1,068 | $1,483 |
| Value after costs | $9,790 | $10,509 | $11,279 |
| Impact on return, per year | 7.10% | 3.33% | 2.56% |
SVIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0908%
- Total broker commissions: $464K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 157%
- Securities on loan, average value: $440K
- Net income from securities lending: $6K (0.001% of average net assets)
SVIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INC. | $64K | 19.83% |
| UBS Securities LLC | $58K | 18.12% |
| BARCLAYS CAPITAL, INC. | $31K | 9.50% |
| J.P. Morgan Securities LLC | $30K | 9.23% |
| LUMINEX TRADING & ANALYTICS LLC | $28K | 8.67% |
| MORGAN STANLEY & CO. LLC | $26K | 8.12% |
| KEYBANC CAPITAL MARKETS, INC. | $24K | 7.49% |
| PIPER SANDLER & CO. | $22K | 6.85% |
| EVERCORE GROUP LLC | $20K | 6.19% |
| RBC CAPITAL MARKETS, LLC | $19K | 6.01% |
Virtus Ceredex Large-Cap Value Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STVZX | Class R6 | 0.72% | none |
| STVTX | Class I | 0.89% | none |
| SVIIX | Class A | 1.24% | 5.50% |
| SVIFX | Class C | 1.72% | none |
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.