C000126193 Fees and Costs — Virtus KAR Small-Cap Growth Series, Class I
Data updated: 2026-08-28
The net expense ratio is 0.89%: a 0.85% management fee plus 0.23% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $40K in broker commissions, 0.0626% of average net assets, and portfolio turnover was 33%.
C000126193 Fees and Expenses
Annual operating expenses and sales charges of C000126193. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000126193 Costs Over Time
On $10,000 invested in C000126193, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $596 |
| Value after costs | $10,400 | $11,249 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000126193 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0626%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $34K
- Net income from securities lending: $146 (0.000% of average net assets)
C000126193 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $13K | 35.95% |
| LIQUIDNET, INC. | $7K | 17.53% |
| BOFA SECURITIES, INC. | $4K | 11.79% |
| Raymond James & Associates, Inc. | $4K | 11.41% |
| RBC CAPITAL MARKETS, LLC | $2K | 4.86% |
| GOLDMAN SACHS & CO. LLC | $2K | 4.54% |
| JEFFERIES LLC | $2K | 4.11% |
| KEPLER CAPITAL MARKETS, INC. | $2K | 4.05% |
| J.P. Morgan Securities LLC | $1K | 3.76% |
| BARCLAYS CAPITAL, INC. | $750 | 2.00% |
C000126193 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.6M | 100.00% |
Virtus KAR Small-Cap Growth Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000126193 | Class I | 0.89% | — |
| C000005133 | Class A | 1.14% | — |
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.