VMADX Fees and Costs — Virtus Newfleet ABS MACS
Data updated: 2026-09-11
The net expense ratio is 0.00% (0.55% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 14%.
VMADX Fees and Expenses
Annual operating expenses and sales charges of VMADX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.55% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.55% |
| Net expense ratio | 0.00% |
| 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 | No |
VMADX Costs Over Time
On $10,000 invested in VMADX, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
VMADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $16.3M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
VMADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Truist Securities, Inc. | $3.0M | 19.22% |
| BARCLAYS CAPITAL, INC. | $2.8M | 17.97% |
| PERSHING LLC | $2.5M | 16.17% |
| MUFG SECURITIES AMERICAS INC. | $1.3M | 8.48% |
| BMO CAPITAL MARKETS CORP. | $1.2M | 7.93% |
| U.S. BANCORP INVESTMENTS, INC. | $1.1M | 6.77% |
| BOFA SECURITIES, INC. | $1.0M | 6.43% |
| WELLS FARGO SECURITIES, LLC | $1000K | 6.41% |
| CitiGroup Global Markets Inc. | $910K | 5.83% |
| ROBERT W BAIRD & CO. INC. | $747K | 4.78% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.