WWOIX Fees and Costs — Virtus Vontobel Global Opportunities Fund, Class I
Data updated: 2024-02-28
The net expense ratio is 1.09%: a 0.85% management fee plus 0.31% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $116K in broker commissions, 0.0436% of average net assets, and portfolio turnover was 43%.
WWOIX Fees and Expenses
Annual operating expenses and sales charges of WWOIX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.09% |
| 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 |
WWOIX Costs Over Time
On $10,000 invested in WWOIX, assuming 5% a year before costs, total costs come to $707 over 5 years, cutting the return by 1.19% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $707 |
| Value after costs | $10,381 | $11,187 | $12,056 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
WWOIX 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): 0.0436%
- Total broker commissions: $116K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $475K
- Net income from securities lending: $1K (0.001% of average net assets)
WWOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $19K | 20.40% |
| SANFORD C. BERNSTEIN & CO., LLC | $12K | 13.23% |
| GOLDMAN SACHS & CO. LLC | $12K | 12.88% |
| UBS Securities LLC | $10K | 10.60% |
| HSBC SECURITIES (USA) INC. | $9K | 9.61% |
| MACQUARIE CAPITAL (USA), INC. | $7K | 8.14% |
| MORGAN STANLEY & CO. LLC | $6K | 6.97% |
| BARCLAYS CAPITAL, INC. | $6K | 6.78% |
| CitiGroup Global Markets Inc. | $6K | 6.27% |
| CLSA AMERICAS, LLC | $5K | 5.13% |
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.