VNLRX Fees and Costs — Virtus SGA New Leaders Growth Fund, Class R6
Data updated: 2024-02-29
The net expense ratio is 0.91%: a 0.80% management fee plus 1.43% other expenses, less a 1.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0398% of average net assets, and portfolio turnover was 30%.
VNLRX Fees and Expenses
Annual operating expenses and sales charges of VNLRX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.43% |
| Gross expense ratio | 2.23% |
| Fee waiver | −1.32% |
| Net expense ratio | 0.91% |
| 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 |
VNLRX Costs Over Time
On $10,000 invested in VNLRX, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,250 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
VNLRX 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): 0.0398%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $44K
- Net income from securities lending: $937 (0.014% of average net assets)
VNLRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| EVERCORE GROUP L.L.C. | $786 | 30.17% |
| CitiGroup Global Markets Inc. | $650 | 24.95% |
| TD SECURITIES (USA) LLC | $286 | 10.98% |
| BOFA SECURITIES, INC. | $248 | 9.52% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $224 | 8.60% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $120 | 4.61% |
| JEFFERIES LLC | $110 | 4.22% |
| RBC CAPITAL MARKETS, LLC | $102 | 3.92% |
| BARCLAYS CAPITAL, INC. | $64 | 2.46% |
| WILLIAM BLAIR | $15 | 0.58% |
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.