PGUAX Fees and Costs — Virtus Duff & Phelps Global Infrastructure Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.25%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2024 the fund paid $86K in broker commissions, 0.0660% of average net assets, and portfolio turnover was 51%.
PGUAX Fees and Expenses
Annual operating expenses and sales charges of PGUAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 |
PGUAX Costs Over Time
On $10,000 invested in PGUAX, assuming 5% a year before costs, total costs come to $1,475 over 5 years, cutting the return by 2.55% 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 1.25%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $7 | $20 | $35 |
| Lost growth on money paid in costs | $27 | $107 | $223 |
| Total costs | $708 | $1,063 | $1,475 |
| Value after costs | $9,792 | $10,513 | $11,288 |
| Impact on return, per year | 7.08% | 3.32% | 2.55% |
PGUAX 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): 0.0660%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $2.4M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
PGUAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $18K | 23.36% |
| SANTANDER INVESTMENT SECURITIES INC. | $12K | 15.47% |
| RBC CAPITAL MARKETS, LLC | $10K | 13.48% |
| WOLFE RESEARCH SECURITIES | $10K | 13.01% |
| MACQUARIE CAPITAL (USA), INC. | $9K | 11.87% |
| Strategas Securities, LLC | $6K | 8.02% |
| EVERCORE GROUP LLC | $4K | 4.84% |
| MORGAN STANLEY & CO. LLC | $3K | 4.44% |
| J.P. MORGAN SECURITIES LLC | $2K | 3.13% |
| CitiGroup Global Markets Inc. | $2K | 2.37% |
PGUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Strategas Securities, LLC | $2.0M | 82.14% |
| Macquarie Capital (USA) Inc. | $427K | 17.86% |
Virtus Duff & Phelps Global Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VGIRX | Class R6 | 0.85% | none |
| PGIUX | Class I | 1.01% | none |
| PGUAX | Class A | 1.25% | 5.50% |
| PGUCX | Class C | 2.02% | 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.