Virtus NFJ Mid Cap Value Fund Institutional Class

Frequently Asked Questions About PRNIX

What does PRNIX invest in?

The fund aims to generate substantial long-term capital growth and a consistent income stream. To achieve these objectives, it typically commits a minimum of 80% of its total assets (including any capital acquired through borrowing for investment purposes) to equity instruments, such as common stocks, issued by companies with a medium market capitalization. A considerable portion of its holdings consists of securities that the managers anticipate will produce income, most notably through dividend payments. The investment team follows a value-oriented strategy, focusing on businesses whose shares they believe are attractively valued and possess strong fundamental characteristics.

What is the expense ratio of PRNIX?

Virtus NFJ Mid Cap Value Fund Institutional Class (PRNIX) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRNIX?

Virtus NFJ Mid Cap Value Fund Institutional Class (PRNIX) manages $576.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PRNIX actively managed or an index fund?

PRNIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PRNIX launched?

Virtus NFJ Mid Cap Value Fund Institutional Class (PRNIX) launched in December 1997 and is managed by the fund issuer.

How has PRNIX performed?

PRNIX'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.