VMALX Fees and Costs — Virtus Stone Harbor EMD MACS
Data updated: 2026-09-11
The net expense ratio is 0.00% (2.28% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 12%.
VMALX Fees and Expenses
Annual operating expenses and sales charges of VMALX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 2.28% |
| Gross expense ratio | 2.28% |
| Fee waiver | −2.28% |
| 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 |
VMALX Costs Over Time
On $10,000 invested in VMALX, 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% |
VMALX 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): $3.6M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
VMALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $828K | 25.89% |
| CitiGroup Global Markets Inc. | $501K | 15.65% |
| J.P. Morgan Securities LLC | $359K | 11.23% |
| HSBC SECURITIES (USA), INC. | $355K | 11.09% |
| MORGAN STANLEY & CO. LLC | $312K | 9.76% |
| GOLDMAN SACHS & CO. LLC | $290K | 9.06% |
| DEUTSCHE BANK SECURITIES, INC. | $163K | 5.10% |
| JEFFERIES LLC | $151K | 4.70% |
| PERSHING LLC | $130K | 4.08% |
| BBVA SECURITIES INC. | $110K | 3.43% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.