PKSFX Fees and Costs — Virtus KAR Small-Cap Core Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.00%: a 0.75% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $59K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 13%.
PKSFX Fees and Expenses
Annual operating expenses and sales charges of PKSFX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
PKSFX Costs Over Time
On $10,000 invested in PKSFX, assuming 5% a year before costs, total costs come to $627 over 5 years, cutting the return by 1.05% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $627 |
| Value after costs | $10,395 | $11,231 | $12,136 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
PKSFX 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)
PKSFX 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% |
PKSFX 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.