VSHAX Fees and Costs — Virtus Stone Harbor Emerging Markets Bond Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 1.14%: a 0.85% management fee, a 0.25% 12b-1 fee plus 1.74% other expenses, less a 1.70% fee waiver. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 51%.
VSHAX Fees and Expenses
Annual operating expenses and sales charges of VSHAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.74% |
| Gross expense ratio | 2.84% |
| Fee waiver | −1.70% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
VSHAX Costs Over Time
On $10,000 invested in VSHAX, assuming 5% a year before costs, total costs come to $1,163 over 5 years, cutting the return by 1.99% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 1.14%) | $115 | $359 | $622 |
| Lost growth on money paid in costs | $19 | $77 | $166 |
| Total costs | $509 | $811 | $1,163 |
| Value after costs | $9,991 | $10,765 | $11,600 |
| Impact on return, per year | 5.09% | 2.51% | 1.99% |
VSHAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.2M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
VSHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.4M | 25.21% |
| CitiGroup Global Markets Inc. | $787K | 14.21% |
| J.P. Morgan Securities LLC | $754K | 13.60% |
| MORGAN STANLEY & CO. LLC | $672K | 12.14% |
| GOLDMAN SACHS & CO. LLC | $542K | 9.78% |
| HSBC SECURITIES (USA), INC. | $445K | 8.04% |
| JEFFERIES LLC | $292K | 5.27% |
| DEUTSCHE BANK SECURITIES, INC. | $257K | 4.63% |
| PERSHING LLC | $228K | 4.12% |
| BARCLAYS CAPITAL, INC. | $166K | 3.00% |
Virtus Stone Harbor Emerging Markets Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SHCDX | Class I | 0.89% | none |
| VSHAX | Class A | 1.14% | 3.75% |
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.