Virtus Mutual Funds and Available Share Classes
Exhibit 99(e)(2)
Xxx Xxxxxxxxx Xxxxx, Xxxxxxxx, XX 00000 | 800.248.7971 | Xxxxxx.xxx
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Virtus Mutual Funds Sales Agreement Amended Annex A – September 2022 VP Distributors, LLC | |
Virtus Mutual Funds and Available Share Classes
| EQUITY | FIXED INCOME | ||
| Virtus Ceredex Large-Cap Value Equity Fund | A C I R6 | Virtus Convertible Fund | A C P R6 ADM INST |
| Virtus Ceredex Mid-Cap Value Equity Fund | A C I R6 | Virtus Newfleet Core Plus Bond Fund | A C I R6 |
| Virtus Ceredex Small-Cap Value Equity Fund | A C I R6 | Virtus Newfleet High Yield Fund | A C I R6 |
| Virtus KAR Capital Growth Fund | A C I R6 | Virtus Newfleet Low Duration Core Plus Bond Fund | A C I R6 |
| Virtus KAR Equity Income Fund | A C I R6 | Virtus Newfleet Multi-Sector Intermediate Bond Fund | A C I R6 |
| Virtus KAR Mid-Cap Core Fund | A C I R6 | Virtus Newfleet Multi-Sector Short Term Bond Fund** | A C1 I R6 |
| Virtus KAR Mid-Cap Growth Fund | A C I R6 | Virtus Newfleet Senior Floating Rate Fund | A C I R6 |
| Virtus KAR Small-Cap Core Fund* | A C I R6 | Virtus Newfleet Short Duration High Income Fund | A C P R6 INST |
| Virtus KAR Small-Cap Growth Fund* | A C I R6 | Virtus Seix Core Bond Fund | A I R6 |
| Virtus KAR Small-Cap Value Fund | A C I R6 | Virtus Seix Corporate Bond Fund | A C I R6 |
| Virtus KAR Small-Mid Cap Core Fund | A C I R6 | Virtus Seix Floating Rate High Income Fund | A C I R6 |
| Virtus KAR Small-Mid Cap Growth Fund | A C I R6 | Virtus Seix High Grade Municipal Bond Fund | A I |
| Virtus KAR Small-Mid Cap Value Fund | A C I R6 | Virtus Seix High Income Fund | A I R6 |
| Virtus NFJ Dividend Value Fund | A C P R6 ADM INST | Virtus Seix High Yield Fund | A I R6 |
| Virtus NFJ Large-Cap Value Fund | A C P R6 ADM INST | Virtus Seix High Yield Income Fund | A C P ADM INST |
| Virtus NFJ Mid-Cap Value Fund | A C P R6 ADM INST | Virtus Seix Investment Grade Tax-Exempt Bond Fund | A I |
| Virtus NFJ Small-Cap Value Fund | A C P R6 ADM INST | Virtus Seix Short-Term Bond Fund | A C I |
| Virtus Silvant Focused Growth Fund | A C P R6 ADM INST | Virtus Seix Short-Term Municipal Bond Fund | A I |
| Virtus Silvant Large-Cap Growth Stock Fund | A I R6 | Virtus Seix Tax-Exempt Bond Fund | A C I |
| Virtus Silvant Mid-Cap Growth Fund | A C P ADM INST | Virtus Seix Total Return Bond Fund | A I R6 |
| Virtus Silvant Small-Cap Growth Stock Fund | A I | Virtus Seix U.S. Govt Securities Ultra-Short Bond Fund | A I R6 |
| Virtus Small-Cap Fund | A C P R6 INST | Virtus Seix U.S. Mortgage Fund | A C I |
| Virtus Seix Ultra-Short Bond Fund | A I | ||
| Xxxxxx Xxxxx Harbor Emerging Markets Corp Debt Fund | A I | ||
| Xxxxxx Xxxxx Harbor Emerging Markets Debt Allocation Fund | A I | ||
| Xxxxxx Xxxxx Harbor Emerging Markets Debt Fund | A I | ||
| Xxxxxx Xxxxx Harbor High Yield Bond Fund | A I | ||
| Xxxxxx Xxxxx Harbor Local Markets Fund | A I | ||
| Xxxxxx Xxxxx Harbor Strategic Income Fund | A I |
* The Virtus KAR Small-Cap Core Fund and the Virtus KAR Small-Cap Growth Fund are no longer available for purchases to new investors, subject to limited exceptions. These funds continue to be available for purchases by existing investors. See the prospectus and SAI for possible exceptions and additional information.
** Effective April 30, 2019, the Virtus Newfleet Multi-Sector Short Term Bond Fund Class C is no longer available for purchases by new or existing shareholders, except by existing shareholders through reinvestment transactions.
Applicable waivers of Class A sales charges and Class A & C contingent deferred sales charges are described in the prospectus.
VP Distributors, LLC, Xxx Xxxxxxxxx Xxxxx, Xxxxxxxx, XX 00000
| Marketing: (000) 000-0000 | Customer Service: (000) 000-0000 | xxx.Xxxxxx.xxx |
|
Virtus Mutual Funds Sales Agreement Amended Annex A – September 2022 VP Distributors, LLC | |
Virtus Mutual Funds and Available Share Classes
| INTERNATIONAL/GLOBAL | ALTERNATIVES | ||
| Virtus Emerging Markets Opportunities Fund | A C P R6 INST | The Merger Fund® | A I |
| Virtus International Small-Cap Fund | A C P R6 INST | Xxxxxx Xxxx & Xxxxxx Global Infrastructure Fund | A C I R6 |
| Virtus KAR Developing Markets | A C I R6 | Xxxxxx Xxxx & Xxxxxx Global Real Estate Securities Fund | A C I R6 |
| Virtus KAR Emerging Markets Small-Cap Fund | A C I R6 | Xxxxxx Xxxx & Xxxxxx International Real Estate Sec Fund | A C I |
| Virtus KAR Global Quality Dividend Fund | A C I R6 | Xxxxxx Xxxx & Xxxxxx Real Asset Fund | A C I R6 |
| Virtus KAR Global Small-Cap Fund | A C P INST | Xxxxxx Xxxx & Xxxxxx Real Estate Securities Fund | A C I R6 |
| Virtus KAR International Small-Mid Cap Fund | A C I R6 | Xxxxxx Xxxx & Xxxxxx Select MLP and Energy Fund | A C I |
| Virtus NFJ Emerging Markets Value Fund | A C P INST | Virtus FORT Trend Fund | A C I R6 |
| Virtus NFJ International Value Fund | A C P R6 ADM INST | Virtus KAR Long/Short Equity Fund | A C I R6 |
| Virtus SGA Emerging Markets Growth Fund | A C I R6 | Virtus Westchester Credit Event Fund | A I |
| Virtus SGA Global Growth Fund | A C I R6 | Virtus Westchester Event-Driven Fund | A I |
| Virtus SGA International Growth Fund | A I R6 | ||
| Virtus SGA New Leaders Growth Fund | A C I R6 | SPECIALTY | |
| Xxxxxx Xxxxxxxx Emerging Markets Opportunities Fund | A C I R6 | Xxxxxx Xxxx & Xxxxxx Water Fund | A C P INST |
| Xxxxxx Xxxxxxxx Foreign Opportunities Fund | A C I R6 | Virtus Global Allocation Fund | A C P R6 ADM INST |
| Xxxxxx Xxxxxxxx Global Opportunities Fund | A C I R6 | Virtus KAR Health Sciences Fund | A C P INST |
| Xxxxxx Xxxxxxxx Greater European Opportunities Fund | A C I | Virtus NFJ Global Sustainability Fund | A P INST |
| Xxxxxx Xxxxxxxxxxx Innovative Growth Stock Fund | A I R6 | ||
| MULTI-ASSET | Xxxxxx Xxxxxxxxxxx Technology Fund | A C P ADM INST | |
| Virtus Income & Growth Fund | A C P INST | ||
| Virtus Tactical Allocation Fund | A C I R6 | ||
Applicable waivers of Class A sales charges and Class A & C contingent deferred sales charges are described in the prospectus.
VP Distributors, LLC, Xxx Xxxxxxxxx Xxxxx, Xxxxxxxx, XX 00000
| Marketing: (000) 000-0000 | Customer Service: (000) 000-0000 | xxx.Xxxxxx.xxx |
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Class A Shares
Seix U.S. Government Securities Ultra-Short Bond and Seix Ultra-Short Bond Funds, (the “Ultra-Short Bond Funds”) – There is no Sales Charges on purchases made directly into these funds. A Sales Charge may be applicable upon the exchange of direct purchases into another Class A Share or upon the exchange into these Funds from Funds on which a Finder’s Fee was paid. (See below for additional information regarding exchanges into these Funds from Funds on which a Finder’s Fee was paid)
Equity, International/Global, Alternative, Multi-Asset, Specialty and Virtus Convertible Fund
| Amount of Transaction Plus Applicable Rights of Accumulation: | Sales Charge As Percentage of Offering Price | Dealer Discount or Agency Fee As Percentage of Offering Price | ||
| Less than $50,000 | 5.50% | 4.75% | ||
| $50,000 but under $100,000 | 4.50 | 4.00 | ||
| $100,000 but under $250,000 | 3.50 | 3.00 | ||
| $250,000 but under $500,000 | 2.50 | 2.00 | ||
| $500,000 but under $1,000,000 | 2.00 | 1.75 | ||
| $1,000,000 or more | None | None |
Seix High Yield Income, Newfleet Core Plus Bond, Newfleet High Yield, Newfleet Multi-Sector Intermediate Bond, Seix High Income, Seix Core Bond, Seix Corporate Bond, Seix Total Return Bond, Seix High Yield, Stone Harbor Emerging Markets Corporate Bond, Stone Harbor Emerging Markets Debt Allocation, Stone Harbor Emerging Markets Debt, Stone Harbor High Yield Bond, Stone Harbor Local Markets and Stone Harbor Strategic Income Funds
| Amount of Transaction Plus Applicable Rights of Accumulation: | Sales Charge As Percentage of Offering Price | Dealer Discount or Agency Fee As Percentage of Offering Price | ||
| Less than $50,000 | 3.75% | 3.25% | ||
| $50,000 but under $100,000 | 3.50 | 3.00 | ||
| $100,000 but under $250,000 | 3.25 | 2.75 | ||
| $250,000 but under $500,000 | 2.25 | 2.00 | ||
| $500,000 but under $1,000,000 | 1.75 | 1.50 | ||
| $1,000,000 or more | None | None |
Newfleet Senior Floating Rate, Seix Tax-Exempt Bond, Seix High Grade Municipal Bond, Seix Investment Grade Tax-Exempt Bond, Seix Floating Rate High Income Funds
| Amount of Transaction Plus Applicable Rights of Accumulation: | Sales Charge As Percentage of Offering Price | Dealer Discount or Agency Fee As Percentage of Offering Price | ||
| Less than $50,000 | 2.75% | 2.25% | ||
| $50,000 but under $100,000 | 2.25 | 2.00 | ||
| $100,000 but under $250,000 | 1.75 | 1.50 | ||
| $250,000 but under $500,000 | 1.25 | 1.00 | ||
| $500,000 but under $1,000,000 | 1.00 | 1.00 | ||
| $1,000,000 or more | None | None |
Newfleet Multi-Sector Short Term Bond, Newfleet Low Duration Core Plus Bond, Seix Short-Term Bond Fund, Seix Short-Term Municipal Bond, Seix U.S. Mortgage Bond Funds
| Amount of Transaction Plus Applicable Rights of Accumulation: | Sales Charge As Percentage of Offering Price | Dealer Discount or Agency Fee As Percentage of Offering Price | ||
| Less $100,000 | 2.25% | 2.00% | ||
| $100,000 but under $250,000 | 1.75 | 1.50 | ||
| $250,000 or more | None | None |
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Class A Shares Continued
Newfleet Short Duration High Income Fund
| Amount of Transaction Plus Applicable Rights of Accumulation: | Sales Charge As Percentage of Offering Price | Dealer Discount or Agency Fee As Percentage of Offering Price | ||
| Less $100,000 | 2.25% | 2.00% | ||
| $100,000 but under $250,000 | 1.25 | 1.00 | ||
| $250,000 or more | None | None |
Class A Shares 12b-1 and Finder’s Fees
12b-1 Fees: 0.15% - Virtus Seix High Grade Municipal Bond and the Virtus Seix Short-Term Municipal Bond - For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VP Distributors, LLC (“VPD”) or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.15% annually. The Service Fee is based on the average daily net asset value of Class A Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Service Fee for shares on which a Finder’s Fee has been paid will commence in the 13th month following purchase of Class A Shares. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
12b-1 Fees: 0.20% - Virtus Seix U.S. Mortgage and Virtus Seix Short-Term Bond Funds Only - For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VPD or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.20% annually. The Service Fee is based on the average daily net asset value of Class A Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Service Fee for shares on which a Finder’s Fee has been paid will commence in the 13th month following purchase of Class A Shares. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
12b-1 Fees: 0.25% - All other Class A Funds- For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VPD or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.25% annually. The Service Fee is based on the average daily net asset value of Class A Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Service Fee for shares on which a Finder’s Fee has been paid will commence in the 13th month following purchase of Class A Shares. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
Finder’s Fee and CDSC Applicable to Fixed Income Funds (excluding Virtus Convertible Fund, Virtus Newfleet Short Duration High Income Fund, Virtus Newfleet Multi-Sector Short Term Bond Fund, Virtus Newfleet Low Duration Core Plus Bond Fund, Virtus Seix U.S. Mortgage Fund, Virtus Seix Short-Term Bond Fund, Virtus Seix Short-Term Municipal Bond Fund, Virtus Seix U.S. Government Securities Ultra-Short Bond Fund and Virtus Seix Ultra-Short Bond Fund): VPD may pay broker-dealers a Finder’s Fee in an amount equal to 0.50% of eligible Class A Share purchases from $1,000,000 to $3,000,000 and 0.25% on amounts greater than $3,000,000. Purchases by an account in the name of a qualified employee benefit plan are eligible for a Finder’s Fee only if such plan has at least 100 eligible employees. A contingent deferred sales charge of 0.50% may apply on certain redemptions made (including exchanges into the Ultra-Short Bond Funds) within 18 months following purchases of Class A Shares on which a Finder’s Fee has been paid to a dealer. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
Finder’s Fee and CDSC Applicable to Virtus Newfleet Short Duration High Income Fund, Virtus Newfleet Multi-Sector Short Term Bond Fund, Virtus Newfleet Low Duration Core Plus Bond Fund, Virtus Seix U.S. Mortgage Fund, Virtus Seix Short-Term Bond Fund and Virtus Seix Short-Term Municipal Bond Fund: VPD may pay broker-dealers a Finder’s Fee in an amount equal to 0.50% of eligible Class A Share purchases from $250,000 to $3,000,000 and 0.25% on amounts greater than $3,000,000. Purchases by an account in the name of a qualified employee benefit plan are eligible for a Finder’s Fee only if such plan has at least 100 eligible employees. A contingent deferred sales charge of 0.50% may apply on certain redemptions (including exchanges into the Ultra-Short Bond Funds) made within 12 months following purchases of Class A Shares on which a Finder’s Fee has been paid to a dealer. The 12-month period begins on the last day of the month preceding the month in which the purchase was made.
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Class A Shares 12b-1 and Finder’s Fees continued
Finder’s Fee and CDSC Applicable to Equity, International/Global, Alternative, Multi-Asset, Specialty and Virtus Convertible Fund: VPD may pay broker-dealers a Finder’s Fee in an amount equal to 1.00% of eligible Class A Share purchases from $1,000,000 to $3,000,000, 0.50% on amounts of $3,000,001 to $10,000,000 and 0.25% on amounts greater than $10,000,000. Purchases by an account in the name of a qualified employee benefit plan are eligible for a Finder’s Fee only if such plan has at least 100 eligible employees. A contingent deferred sales charge of 1% may apply on certain redemptions (including exchanges into the Ultra-Short Bond Funds) made within 18 months following purchases of Class A Shares on which a Finder’s Fee has been paid to a dealer. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
Ultra-Short Bond Funds: In the event that a contingent deferred sales charge is applied to an exchange into one of the Ultra-Short Bond Funds, exchanges from the Ultra-Short Bond Fund into Class A Shares of another Virtus Fund will not be subject to a sales charge or Finder’s Fee.
Administrative Shares
Distribution and/or Shareholder Servicing Fees: 0.25% - For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VPD or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.25% annually. The fee is based on the average daily net asset value of Administrative Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated.
Class C Shares
| Sales Commission: | 1% for all Class C Funds except the Virtus Newfleet Short Duration High Income Fund which is 0.75% and no commission is paid on the Virtus Newfleet Multi-Sector Short Term Bond Fund. |
| Virtus Newfleet Multi-Sector Short Term Bond Fund - is no longer available for purchases by new or existing shareholders. When original purchases of the Virtus Newfleet Multi-Sector Short Term Bond Fund Class C are exchanged to other Class C or C1 Shares, the dealer will receive a 1% sales commission. |
CDSC: 1% for all Class C Funds, except Virtus Newfleet Multi-Sector Short Term Bond Fund (no CDSC). Dealers maintaining omnibus accounts, upon redemption of a customer account within the time frames specified below, shall charge such customer account the appropriate contingent deferred sales charge as indicated and shall forward the proceeds to VPD. The CDSC on applicable Class C Shares is 1% for one year from each purchase.
Distribution Fee: 0.25% - 0.75% VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.25% annually for Virtus Newfleet Short Duration High Income Fund and Virtus Newfleet Multi-Sector Short Term Bond Fund, 0.65% annually for Virtus Seix High Yield Income Fund and 0.75% annually for all other Class C Funds, based on the average daily net asset value of Class C Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C Trail Fee is paid beginning in the 13th month following each purchase. There is no hold for the Class C Trail Fee for the Virtus Newfleet Multi-Sector Short Term Bond Fund. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
Service Fee: 0.25% For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VPD or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.25% annually, based on the average daily net asset value of Class C Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C Service Fee is paid beginning in the 13th month following each purchase. There is no hold for the Class C Service Fee for the Virtus Newfleet Multi-Sector Short Term Bond Fund. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
Purchase Maximums- For all Funds except Virtus Newfleet Short Duration High Income Fund, Virtus Newfleet Low Duration Core Plus Bond Fund, Virtus Newfleet Multi-Sector Short Term Bond Fund, Virtus Seix Short-Term Bond Fund, Virtus Seix U.S. Mortgage Fund- The maximum allowable for a single purchase is under $1,000,000.
Purchase Maximums- Virtus Newfleet Short Duration High Income Fund, Virtus Newfleet Low Duration Core Plus Bond Fund, Virtus Seix Short Term Bond Fund, Virtus Seix U.S. Mortgage Fund- The maximum allowable for a single purchase is under $250,000.
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Class C1 Shares – Virtus Newfleet Multi-Sector Short Term Bond Fund only
Dealer Concession: 1%
CDSC: 1% for one year from the date of each purchase.
Service Fee: 0.25% For providing shareholder services which include, but are not limited to, transmitting prospectuses, statements of additional information, shareholder reports, proxy statements and other materials to shareholders; providing educational materials; providing facilities to answer questions about the Funds; receiving and answering correspondence; assisting shareholders in completing application forms and selecting dividend and other account options and providing such other information and services as VPD or a Fund may reasonably request, VPD intends to pay a monthly fee to qualifying dealers at the equivalent of 0.25% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C1 Service Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
Distribution Fee: 0.75% VPD intends to pay a quarterly fee to qualifying dealers at the equivalent of 0.75% annually, based on the average daily net asset value of Class C1 Shares sold by such dealers and remaining on the Funds’ books during the period in which the fee is calculated. The Class C1 Distribution Fee is paid beginning in the 13th month following each purchase. See the last page of this Annex A for Terms and Conditions for Service and Distribution Fees.
Purchase Maximums- The maximum allowable for a single purchase is under $250,000.
Class I Shares
There is no dealer compensation payable on Class I Shares, and they do not pay any 12b-1 distribution or service fees.
Institutional Shares
There is no dealer compensation payable on Institutional Shares, and they do not pay any 12b-1 distribution or service fees.
Class P Shares
There is no dealer compensation payable on P Shares, and they do not pay any 12b-1 distribution or service fees.
Class R6 Shares
There is no dealer compensation payable on Class R6 Shares and they do not pay any 12b-1 distribution or service fees. No compensation, administrative payments, sub-transfer agency payments or service payments are paid to dealers or other entities from fund assets or VPD’s or an affiliate’s resources on sales of or investments in Class R6 Shares.
Terms and Conditions for Service and Distribution Fees – All Share Classes
Applicable Service and Distribution Fees are paid pursuant to one or more distribution and/or service plans (“Plan”) adopted by certain of the Funds. Payment of these fees will automatically terminate in the event such Plan terminates or is not continued or in the event that this Agreement terminates, is assigned or ceases to remain in effect. VP Distributors shall be under no obligation to pay any fees hereunder to the extent such fees have not been paid to VP Distributors by the applicable Fund(s). In addition, these fees may be terminated at any time, without the payment of a penalty, by vote of a majority of the members of the Funds’ Board of Trustees who are not interested persons of the Funds and have no direct or indirect financial interest in the operation of the Plan or in any agreements related to the Plan, or by vote of a majority of the outstanding voting securities of any Fund or Funds on not more than sixty days' written notice to any other party to the Agreement.
VPD 80A (September 2022)
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