AZMIX Fees and Costs — Virtus NFJ Emerging Markets Value Fund, Institutional Class
Data updated: 2026-08-28
The net expense ratio is 0.89%: a 0.85% management fee plus 1.19% other expenses, less a 1.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.1883% of average net assets, and portfolio turnover was 74%.
AZMIX Fees and Expenses
Annual operating expenses and sales charges of AZMIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.19% |
| Gross expense ratio | 2.04% |
| Fee waiver | −1.15% |
| Net expense ratio | 0.89% |
| 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 |
AZMIX Costs Over Time
On $10,000 invested in AZMIX, assuming 5% a year before costs, total costs come to $673 over 5 years, cutting the return by 1.13% 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 0.89%) | $93 | $291 | $505 |
| Trading costs (broker commissions) | $20 | $62 | $107 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $370 | $673 |
| Value after costs | $10,387 | $11,206 | $12,089 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
AZMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1883%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
AZMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10K | 35.50% |
| BOFA SECURITIES, INC. | $4K | 15.46% |
| JEFFERIES LLC | $3K | 10.22% |
| BTIG, LLC | $2K | 8.18% |
| GOLDMAN SACHS & CO. LLC | $2K | 7.56% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 7.06% |
| INSTINET, LLC | $1K | 5.52% |
| ITAU BBA USA SECURITIES, INC. | $1K | 5.03% |
| B. Riley & Co., LLC | $797 | 2.95% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $681 | 2.52% |
Virtus NFJ Emerging Markets Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AZMIX | Institutional Class | 0.89% | none |
| AZMAX | Class A | 1.14% | 5.50% |
| AZMCX | Class C | 1.89% | none |
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.