Virtus Alternative Solutions Trust has announced an important update regarding its expense limitation agreement, effective November 2, 2026. This change is significant for investors as it modifies how total operating expenses are calculated for the Trust's funds.
The update specifies a new list of expenses that will be excluded from the total operating expenses for the purposes of expense limitation arrangements. These changes include front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses, interest, and various other costs related to fund operations.
This revision aims to enhance transparency for investors, ensuring they have a clearer understanding of the expenses associated with their investments in the Trust's funds. The updated provisions will be reflected in the Trust's Summary Prospectuses and Statements of Additional Information, which are crucial documents for investors.
Virtus Alternative Solutions Trust is part of a broader trend in the investment management industry, where firms are increasingly focused on providing clarity around fees and expenses to their clients. This move aligns with regulatory expectations and investor demands for transparency.
Investors are encouraged to retain the updated supplement with their existing Prospectuses and Statements of Additional Information for future reference. The filing can be accessed through the SEC's official website, with the accession number 0000930413-26-003227.
The filing does not specify what happens next regarding additional updates or changes.
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