PNERX Fees and Costs — Virtus NFJ Dividend Value Fund, Class R
Data updated: 2026-09-11
The net expense ratio is 1.22%: a 0.45% management fee, a 0.50% 12b-1 fee plus 0.27% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $377K in broker commissions, 0.0756% of average net assets, and portfolio turnover was 36%.
PNERX Fees and Expenses
Annual operating expenses and sales charges of PNERX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| 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 |
PNERX Costs Over Time
On $10,000 invested in PNERX, assuming 5% a year before costs, total costs come to $806 over 5 years, cutting the return by 1.36% 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 1.22%) | $128 | $398 | $689 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $806 |
| Value after costs | $10,364 | $11,132 | $11,957 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
PNERX 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): 0.0756%
- Total broker commissions: $377K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
PNERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $28K | 14.88% |
| BARCLAYS CAPITAL, INC. | $26K | 13.49% |
| JEFFERIES LLC | $25K | 12.93% |
| MORGAN STANLEY & CO. LLC | $21K | 10.86% |
| GOLDMAN SACHS & CO. LLC | $19K | 9.84% |
| KEYBANC CAPITAL MARKETS, INC. | $18K | 9.58% |
| EVERCORE GROUP LLC | $14K | 7.43% |
| RBC CAPITAL MARKETS, LLC | $14K | 7.28% |
| LUMINEX TRADING & ANALYTICS LLC | $13K | 6.92% |
| CANTOR FITZGERALD & CO. | $13K | 6.80% |
Virtus NFJ Dividend 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 |
|---|---|---|---|
| ANDVX | Class R6 | 0.65% | none |
| NFJEX | Institutional Class | 0.70% | none |
| PNEAX | Class A | 1.03% | 5.50% |
| PNERX | Class R | 1.22% | none |
| PNECX | Class C | 1.73% | 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.