ASUAX Fees and Costs — Virtus NFJ Global Sustainability Fund, Class A
Data updated: 2024-12-13
The net expense ratio is 0.94%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.40% other expenses, less a 0.51% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2024 the fund paid $40K in broker commissions, 0.0976% of average net assets, and portfolio turnover was 114%.
ASUAX Fees and Expenses
Annual operating expenses and sales charges of ASUAX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.51% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
ASUAX Costs Over Time
On $10,000 invested in ASUAX, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 0.94%) | $93 | $291 | $504 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $28 | $103 | $208 |
| Total costs | $680 | $974 | $1,315 |
| Value after costs | $9,820 | $10,603 | $11,448 |
| Impact on return, per year | 6.80% | 3.03% | 2.26% |
ASUAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0976%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 114%
- Securities lending: none during the year
ASUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11K | 28.90% |
| Robert W. Baird & Co. Incorporated | $7K | 18.57% |
| GOLDMAN SACHS & CO. LLC | $5K | 14.23% |
| INSTINET, LLC | $5K | 13.12% |
| JEFFERIES LLC | $3K | 7.60% |
| BTIG, LLC | $3K | 7.27% |
| UBS Securities LLC | $1K | 3.30% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 3.11% |
| EVERCORE GROUP L.L.C. | $812 | 2.22% |
| B. RILEY SECURITIES, INC. | $606 | 1.66% |
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.