VAABX Fees and Costs — Virtus Duff & Phelps Real Asset Fund, Class R6
Data updated: 2026-08-28
The net expense ratio is 1.03% (1.34% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 14%.
VAABX Fees and Expenses
Annual operating expenses and sales charges of VAABX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.03% |
| 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 | No |
VAABX Costs Over Time
On $10,000 invested in VAABX, assuming 5% a year before costs, total costs come to $648 over 5 years, cutting the return by 1.09% 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 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $357 | $648 |
| Value after costs | $10,391 | $11,220 | $12,114 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
VAABX 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): 0.0074%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
VAABX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Northcoast Research Partners LLC | $428 | 31.31% |
| WELLS FARGO SECURITIES, LLC | $328 | 23.99% |
| BARCLAYS CAPITAL, INC. | $248 | 18.14% |
| RBC CAPITAL MARKETS, LLC | $208 | 15.22% |
| EVERCORE GROUP LLC | $150 | 10.97% |
| CITIGROUP GLOBAL MARKETS INC. | $5 | 0.37% |
Virtus Duff & Phelps Real Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VAABX | Class R6 | 1.03% | none |
| VADIX | Class I | 1.08% | none |
| PDPAX | Class A | 1.33% | 5.50% |
| PDPCX | Class C | 2.07% | 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.