VGEIX Fees and Costs — Virtus Vontobel Greater European Opportunities Fund, Class I
Data updated: 2023-12-13
The net expense ratio is 1.13% (1.93% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0501% of average net assets, and portfolio turnover was 29%.
VGEIX Fees and Expenses
Annual operating expenses and sales charges of VGEIX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.05% |
| Gross expense ratio | 1.93% |
| Fee waiver | −0.80% |
| Net expense ratio | 1.13% |
| 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 |
VGEIX Costs Over Time
On $10,000 invested in VGEIX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $736 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
VGEIX 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): 0.0501%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $30K
- Net income from securities lending: $293 (0.004% of average net assets)
VGEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| REDBURN (USA) LLC | $903 | 28.39% |
| SANFORD C. BERNSTEIN & CO., LLC | $564 | 17.73% |
| MACQUARIE CAPITAL (USA), INC. | $532 | 16.72% |
| JEFFERIES LLC | $273 | 8.58% |
| MORGAN STANLEY & CO. LLC | $272 | 8.55% |
| BNP PARIBAS SECURITIES CORP. | $164 | 5.16% |
| GOLDMAN SACHS & CO. LLC | $153 | 4.81% |
| Investec Securities (US) LLC | $115 | 3.62% |
| UBS Securities LLC | $106 | 3.33% |
| Pershing LLC | $99 | 3.11% |
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.