PPTAX Fees and Costs — Virtus KAR Global Quality Dividend Fund, Class A
Data updated: 2025-08-25
The net expense ratio is 1.35%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses, less a 0.25% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2024 the fund paid $9K in broker commissions, 0.0279% of average net assets, and portfolio turnover was 16%.
PPTAX Fees and Expenses
Annual operating expenses and sales charges of PPTAX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.35% |
| 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 |
PPTAX Costs Over Time
On $10,000 invested in PPTAX, assuming 5% a year before costs, total costs come to $1,510 over 5 years, cutting the return by 2.61% 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 1.35%) | $134 | $416 | $719 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $27 | $108 | $226 |
| Total costs | $714 | $1,083 | $1,510 |
| Value after costs | $9,786 | $10,494 | $11,253 |
| Impact on return, per year | 7.14% | 3.38% | 2.61% |
PPTAX 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): 0.0279%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $556K
- Net income from securities lending: $19K (0.060% of average net assets)
PPTAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 41.72% |
| Instinet LLC | $2K | 18.28% |
| JEFFERIES LLC | $1K | 12.28% |
| Carnegie AS | $605 | 7.02% |
| BARCLAYS CAPITAL, INC. | $554 | 6.43% |
| ROBERT W. BAIRD & CO. INC. | $393 | 4.56% |
| Raymond James & Associates, Inc. | $337 | 3.91% |
| Sandler, O'Neill & Partners, L.P. | $330 | 3.83% |
| J.P. Morgan Securities LLC | $95 | 1.10% |
| BOFA SECURITIES, INC. | $75 | 0.87% |
Virtus KAR Global Quality Dividend Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VGQRX | Class R6 | 0.78% | none |
| PIPTX | Class I | 1.10% | none |
| PPTAX | Class A | 1.35% | 5.50% |
| PPTCX | Class C | 2.10% | 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.