PKSAX Fees and Costs — Virtus KAR Small-Cap Core Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.29%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2024 the fund paid $59K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 13%.
PKSAX Fees and Expenses
Annual operating expenses and sales charges of PKSAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.29% |
| Fee waiver | — |
| Net expense ratio | 1.29% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PKSAX Costs Over Time
On $10,000 invested in PKSAX, assuming 5% a year before costs, total costs come to $1,462 over 5 years, cutting the return by 2.52% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.29%) | $128 | $398 | $688 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $27 | $106 | $222 |
| Total costs | $706 | $1,056 | $1,462 |
| Value after costs | $9,794 | $10,521 | $11,301 |
| Impact on return, per year | 7.06% | 3.29% | 2.52% |
PKSAX 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): 0.0029%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $17.8M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $231K
- Net income from securities lending: $271 (0.000% of average net assets)
PKSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $17K | 29.58% |
| MORGAN STANLEY & CO. LLC | $16K | 27.95% |
| LIQUIDNET, INC. | $7K | 11.35% |
| Raymond James & Associates, Inc. | $5K | 9.03% |
| WILLIAM BLAIR | $3K | 6.06% |
| KEEFE, BRUYETTE & WOODS, INC. | $3K | 4.51% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 4.11% |
| Robert W. Baird & Co. Incorporated | $2K | 3.05% |
| Sandler, O'Neill & Partners, L.P. | $2K | 2.64% |
| Strategas Securities, LLC | $998 | 1.73% |
PKSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $17.8M | 100.00% |
Virtus KAR Small-Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VSCRX | Class R6 | 0.92% | none |
| PKSFX | Class I | 1.00% | none |
| PKSAX | Class A | 1.29% | 5.50% |
| PKSCX | Class C | 1.99% | 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.