VARIX Fees and Costs — Virtus Rampart Sector Trend Fund, Class I
Data updated: 2020-12-11
The net expense ratio is 0.78%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $44K in broker commissions, 0.0261% of average net assets, and portfolio turnover was 347%.
VARIX Fees and Expenses
Annual operating expenses and sales charges of VARIX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| Net expense ratio | 0.78% |
| 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 |
VARIX Costs Over Time
On $10,000 invested in VARIX, assuming 5% a year before costs, total costs come to $506 over 5 years, cutting the return by 0.85% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $85 | $278 | $506 |
| Value after costs | $10,415 | $11,299 | $12,257 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
VARIX 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): 0.0261%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 347%
- Securities lending: none during the year
VARIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $31K | 70.33% |
| BARCLAYS CAPITAL, INC. | $13K | 29.67% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.