Expense Ratio History

PCVAX expense ratio history

Virtus NFJ Small-Cap Value Fund

Fund company
Virtus
Type
Mutual fund

1.24%

In basis points
124 basis points
Yearly cost per $10,000
$124
Prospectus dated
28 October 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.23% on 28 October 2025

Fee over time

PCVAX expense ratio: 1.21% until 28 Aug 2015, then 1.22%; 1.22% until 29 Aug 2016, then 1.23%; 1.23% until 30 Aug 2017, then 1.24%; 1.24% until 28 Aug 2018, then 1.26%; 1.26% until 28 Aug 2019, then 1.27%; 1.27% until 27 Aug 2020, then 1.28%; 1.28% until 1 Feb 2021, then 1.19%; 1.19% until 28 Oct 2021, then 1.22%; 1.22% until 28 Oct 2022, then 1.20%; 1.20% until 27 Oct 2023, then 1.23%; 1.23% until 28 Oct 2025, then 1.24%; read at 1.24% on 28 Oct 2025.0.00%0.50%1.00%1.50%2.00%Nov 2011Apr 2014Sep 2016Feb 2019Jul 2021Dec 20231.21% before1.24% from 28 Oct 2025
PCVAX expense ratio: 1.21% until 28 Aug 2015, then 1.22%; 1.22% until 29 Aug 2016, then 1.23%; 1.23% until 30 Aug 2017, then 1.24%; 1.24% until 28 Aug 2018, then 1.26%; 1.26% until 28 Aug 2019, then 1.27%; 1.27% until 27 Aug 2020, then 1.28%; 1.28% until 1 Feb 2021, then 1.19%; 1.19% until 28 Oct 2021, then 1.22%; 1.22% until 28 Oct 2022, then 1.20%; 1.20% until 27 Oct 2023, then 1.23%; 1.23% until 28 Oct 2025, then 1.24%; read at 1.24% on 28 Oct 2025.0.00%0.50%1.00%1.50%2.00%Nov 2011Aug 2016May 20211.21% before1.24% from 28 Oct 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 10 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
PCVAX (this page) A 1.24% 1.17% 28 Oct 2025
— — 1.07% — 27 Oct 2023
— — 1.97% 1.94% 28 Aug 2015
PCVCX C 2.03% 1.92% 28 Oct 2025
— — 1.22% 1.19% 28 Aug 2015
PSVIX Institutional 0.91% 0.82% 28 Oct 2025
— — 1.43% — 1 Feb 2021
— — 0.91% — 27 Oct 2023
ANFVX R6 0.82% 0.77% 28 Oct 2025
— — 1.27% 1.17% 28 Aug 2019

Every figure we've recorded

DateFeeWhat happened
28 Oct 2025 1.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2025 1.24% Raised from 1.23% to 1.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-10-22
28 Oct 2024 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Oct 2023 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-10-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Oct 2023 1.23% Raised from 1.20% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-10-24
28 Oct 2022 1.20% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2022 1.20% Cut from 1.22% to 1.20%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-10-26
28 Oct 2021 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-10-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Oct 2021 1.22% Raised from 1.19% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-10-27
1 Feb 2021 1.19% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Feb 2021 1.19% Cut from 1.28% to 1.19%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-06-23
27 Aug 2020 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Aug 2020 1.28% Raised from 1.27% to 1.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-09-16
28 Aug 2019 1.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-08-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Aug 2019 1.27% Raised from 1.26% to 1.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-09-17
28 Aug 2018 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-08-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Aug 2018 1.26% Raised from 1.24% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-10-25
30 Aug 2017 1.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-08-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Aug 2017 1.24% Raised from 1.23% to 1.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-11-07
29 Aug 2016 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-08-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Aug 2016 1.23% Raised from 1.22% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-04-27
28 Aug 2015 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-08-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Aug 2015 1.22% Raised from 1.21% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-01-05
29 Aug 2014 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-08-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Aug 2013 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-08-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Aug 2012 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-08-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2011 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.24% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,507 in fees over 10 years

After fees, $10,000 grows to $14,421.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$127
3 years$396
5 years$685
10 years$1,507

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 16 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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