VGISX Fees and Costs — Virtus Duff & Phelps Global Real Estate Securities Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.99%: a 0.85% management fee plus 0.31% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $143K in broker commissions, 0.0391% of average net assets, and portfolio turnover was 18%.
VGISX Fees and Expenses
Annual operating expenses and sales charges of VGISX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.99% |
| 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 |
VGISX Costs Over Time
On $10,000 invested in VGISX, assuming 5% a year before costs, total costs come to $643 over 5 years, cutting the return by 1.08% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $643 |
| Value after costs | $10,392 | $11,223 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
VGISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0391%
- Total broker commissions: $143K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
VGISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $28K | 19.44% |
| BOFA SECURITIES, INC. | $27K | 18.86% |
| Kempen & Co U.S.A., INC. | $23K | 16.05% |
| RBC CAPITAL MARKETS, LLC | $14K | 9.57% |
| SMBC NIKKO SECURITIES AMERICA, INC. | $12K | 8.60% |
| J.P. Morgan Securities LLC | $12K | 8.18% |
| MORGAN STANLEY & CO. LLC | $9K | 6.45% |
| EVERCORE GROUP L.L.C. | $9K | 6.32% |
| WELLS FARGO SECURITIES, LLC | $7K | 4.69% |
| UBS Securities LLC | $3K | 1.85% |
VGISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.0M | 83.12% |
| CitiGroup Global Markets Inc. | $409K | 16.88% |
Virtus Duff & Phelps Global Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VRGEX | Class R6 | 0.87% | none |
| VGISX | Class I | 0.99% | none |
| VGSAX | Class A | 1.24% | 5.50% |
| VGSCX | Class C | 1.99% | 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.