# Virtus Silvant Focused Growth Fund CL A (PGWAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pgwax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1990-10-26 This fund primarily aims to achieve its investment goals by concentrating its capital in the common stocks of U.S. corporations with a market valuation exceeding $1 billion. While primarily focused domestically, the portfolio has the flexibility to allocate up to 20% of its total assets to international securities. However, strict limits apply to these foreign holdings: no more than 10% of assets may be invested in any single non-U.S. country, and investments in emerging market securities are also restricted to a maximum of 10% of the fund's assets. It operates as a non-diversified investme... ## Key Facts | Metric | Value | |---|---| | Price | $98.10 | | Expense Ratio | 0.96% | | AUM (All Share Classes) | $1.89B | | NAV | $98.10 | | Holdings Count | — | | Distribution Yield (TTM) | 4.79% | | Annual Distribution (TTM) | $4.70 /share | | Distribution Frequency | Annual | | 52-Week Range | $85.25 – $107.42 | | Beta | 1.22 | ## Latest Distribution - Amount: $4.7016 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does PGWAX invest in? This fund primarily aims to achieve its investment goals by concentrating its capital in the common stocks of U.S. corporations with a market valuation exceeding $1 billion. While primarily focused domestically, the portfolio has the flexibility to allocate up to 20% of its total assets to international securities. However, strict limits apply to these foreign holdings: no more than 10% of assets may be invested in any single non-U.S. country, and investments in emerging market securities are also restricted to a maximum of 10% of the fund's assets. It operates as a non-diversified investment vehicle. ### What is the expense ratio of PGWAX? Virtus Silvant Focused Growth Fund CL A (PGWAX) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PGWAX? Virtus Silvant Focused Growth Fund CL A (PGWAX) is one share class of a fund that manages $1.89B across all of its share classes (PGFIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PGWAX actively managed or an index fund? PGWAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PGWAX's is 0.96%) in exchange for the discretion to over- or under-weight positions. ### When was PGWAX launched? Virtus Silvant Focused Growth Fund CL A (PGWAX) launched in October 1990 and is managed by the fund issuer. ### How has PGWAX performed? PGWAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PGWAX pay a dividend? Virtus Silvant Focused Growth Fund CL A (PGWAX) currently distributes little or no income. Trailing-twelve-month yield is 4.79%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PGWAX pay dividends? Virtus Silvant Focused Growth Fund CL A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PGWAX's dividend yield? PGWAX's trailing-twelve-month yield is 4.79%, calculated from the sum of dividends over the past year divided by the current price. ### When is PGWAX's next ex-dividend date? The most recently announced ex-dividend date for PGWAX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PGWAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.96% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PGWAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PGWAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PGWAX cost more than a fund like VOO? PGWAX is actively managed (current expense ratio 0.96%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PGWAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PGWAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PGWAX (0.96%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pgwax - Distribution history: https://www.dividenddata.com/funds/pgwax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pgwax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pgwax/expenses - Peer comparison: https://www.dividenddata.com/funds/pgwax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.