AZNAX Fees and Costs — Virtus Income & Growth Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.14%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $10K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 76%.
AZNAX Fees and Expenses
Annual operating expenses and sales charges of AZNAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
AZNAX Costs Over Time
On $10,000 invested in AZNAX, assuming 5% a year before costs, total costs come to $1,374 over 5 years, cutting the return by 2.37% 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 1.14%) | $113 | $352 | $610 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $28 | $104 | $214 |
| Total costs | $691 | $1,007 | $1,374 |
| Value after costs | $9,809 | $10,570 | $11,389 |
| Impact on return, per year | 6.91% | 3.14% | 2.37% |
AZNAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $45.9M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
AZNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $3K | 34.82% |
| Jane Street Execution Services, LLC | $3K | 30.83% |
| Susquehanna Financial Group LLP | $2K | 19.49% |
| PIPER SANDLER & CO. | $617 | 6.34% |
| JEFFERIES LLC | $396 | 4.07% |
| UBS Securities LLC | $220 | 2.26% |
| CITIGROUP GLOBAL MARKETS INC. | $211 | 2.17% |
AZNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $14.4M | 31.65% |
| BOFA SECURITIES, INC. | $6.6M | 14.41% |
| JEFFERIES LLC | $6.4M | 14.09% |
| J.P. Morgan Securities LLC | $4.9M | 10.70% |
| Mizuho Securities USA LLC | $4.1M | 8.95% |
| TD SECURITIES (USA) LLC | $3.9M | 8.62% |
| BARCLAYS CAPITAL, INC. | $2.5M | 5.46% |
| Banco Santander, S.A. | $1.2M | 2.69% |
| MORGAN STANLEY & CO. LLC | $1.1M | 2.31% |
| GOLDMAN SACHS & CO. LLC | $509K | 1.12% |
Virtus Income & Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AZNIX | Institutional Class | 0.90% | none |
| AZNAX | Class A | 1.14% | 5.50% |
| AZNCX | Class C | 1.90% | 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.