PVADX Fees and Costs — Virtus NFJ Small-Cap Value Fund, Administrative Class
Data updated: 2026-09-11
The net expense ratio is 1.07%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $483K in broker commissions, 0.1635% of average net assets, and portfolio turnover was 48%.
PVADX Fees and Expenses
Annual operating expenses and sales charges of PVADX. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 |
PVADX Costs Over Time
On $10,000 invested in PVADX, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.30% 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 1.07%) | $112 | $350 | $605 |
| Trading costs (broker commissions) | $17 | $53 | $92 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $423 | $768 |
| Value after costs | $10,370 | $11,153 | $11,995 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
PVADX 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): 0.1635%
- Total broker commissions: $483K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
PVADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $34K | 13.53% |
| MORGAN STANLEY & CO. LLC | $30K | 12.22% |
| BARCLAYS CAPITAL, INC. | $30K | 12.12% |
| LUMINEX TRADING & ANALYTICS LLC | $27K | 11.02% |
| BOFA SECURITIES, INC. | $25K | 10.15% |
| RBC CAPITAL MARKETS, LLC | $25K | 10.08% |
| GOLDMAN SACHS & CO. LLC | $24K | 9.67% |
| PIPER SANDLER & CO. | $20K | 7.96% |
| CitiGroup Global Markets Inc. | $18K | 7.09% |
| BTIG, LLC | $15K | 6.17% |
Virtus NFJ Small-Cap 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 |
|---|---|---|---|
| ANFVX | Class R6 | 0.77% | none |
| PSVIX | Institutional Class | 0.82% | none |
| PVADX | Administrative Class | 1.07% | none |
| PCVAX | Class A | 1.17% | 5.50% |
| PCVCX | Class C | 1.92% | 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.