VESRX Fees and Costs — Virtus SGA Emerging Markets Growth Fund, Class R6
Data updated: 2023-12-13
The net expense ratio is 1.05%: a 1.00% management fee plus 1.72% other expenses, less a 1.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0335% of average net assets, and portfolio turnover was 30%.
VESRX Fees and Expenses
Annual operating expenses and sales charges of VESRX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.72% |
| Gross expense ratio | 2.72% |
| Fee waiver | −1.67% |
| Net expense ratio | 1.05% |
| 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 |
VESRX Costs Over Time
On $10,000 invested in VESRX, assuming 5% a year before costs, total costs come to $677 over 5 years, cutting the return by 1.14% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $372 | $677 |
| Value after costs | $10,386 | $11,204 | $12,086 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
VESRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0335%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $20K
- Net income from securities lending: $218 (0.004% of average net assets)
VESRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE WILLIAMS CAPITAL GROUP L.P. | $773 | 47.48% |
| TOURMALINE PARTNERS, LLC | $495 | 30.41% |
| TD SECURITIES (USA) LLC | $159 | 9.77% |
| DASH FINANCIAL TECHNOLOGIES LLC | $125 | 7.68% |
| EVERCORE GROUP L.L.C. | $64 | 3.93% |
| RBC CAPITAL MARKETS, LLC | $12 | 0.74% |
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.