VAISX Fees and Costs — Virtus Rampart Multi-Asset Trend Fund, Class I
Data updated: 2020-12-11
The net expense ratio is 1.56% (1.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $20K in broker commissions, 0.0472% of average net assets, and portfolio turnover was 233%.
VAISX Fees and Expenses
Annual operating expenses and sales charges of VAISX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VAISX Costs Over Time
On $10,000 invested in VAISX, assuming 5% a year before costs, total costs come to $993 over 5 years, cutting the return by 1.69% 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 1.56%) | $164 | $508 | $875 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $549 | $993 |
| Value after costs | $10,331 | $11,027 | $11,770 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
VAISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0472%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 233%
- Securities lending: none during the year
VAISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $11K | 56.18% |
| LIQUIDNET, INC. | $5K | 22.47% |
| BARCLAYS CAPITAL, INC. | $4K | 21.35% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.