VMAJX Fees and Costs — Virtus Newfleet RMBS MACS
Data updated: 2026-09-11
The net expense ratio is 0.00% (0.51% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 8%.
VMAJX Fees and Expenses
Annual operating expenses and sales charges of VMAJX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.51% |
| Gross expense ratio | 0.51% |
| Fee waiver | −0.51% |
| 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 |
VMAJX Costs Over Time
On $10,000 invested in VMAJX, 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% |
VMAJX 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): $14.5M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
VMAJX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MIZUHO SECURITIES USA LLC | $2.6M | 18.48% |
| MORGAN STANLEY & CO. LLC | $2.2M | 16.20% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $1.9M | 13.98% |
| PERSHING LLC | $1.4M | 10.20% |
| J.P. Morgan Securities LLC | $1.4M | 9.95% |
| CitiGroup Global Markets Inc. | $1.2M | 8.38% |
| STONEX FINANCIAL INC. | $995K | 7.18% |
| BARCLAYS CAPITAL, INC. | $880K | 6.35% |
| SG AMERICAS SECURITIES, LLC | $660K | 4.76% |
| DEUTSCHE BANK SECURITIES, INC. | $629K | 4.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.