PXIIX Fees and Costs — Virtus KAR Equity Income Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.89%: a 0.75% management fee plus 0.36% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $33K in broker commissions, 0.0269% of average net assets, and portfolio turnover was 47%.
PXIIX Fees and Expenses
Annual operating expenses and sales charges of PXIIX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PXIIX Costs Over Time
On $10,000 invested in PXIIX, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 | $507 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $316 | $574 |
| Value after costs | $10,404 | $11,261 | $12,188 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
PXIIX 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): 0.0269%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $4.2M
- Net income from securities lending: $60K (0.049% of average net assets)
PXIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $8K | 25.63% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $7K | 19.93% |
| Robert W. Baird & Co. Incorporated | $5K | 16.49% |
| BARCLAYS CAPITAL, INC. | $3K | 10.43% |
| MACQUARIE CAPITAL (USA), INC. | $3K | 7.90% |
| JEFFERIES LLC | $2K | 6.72% |
| Raymond James & Associates, Inc. | $2K | 5.81% |
| Sandler, O'Neill & Partners, L.P. | $2K | 5.10% |
| BOFA SECURITIES, INC. | $525 | 1.59% |
| GOLDMAN SACHS & CO. LLC | $137 | 0.41% |
Virtus KAR Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VECRX | Class R6 | 0.78% | none |
| PXIIX | Class I | 0.89% | none |
| PDIAX | Class A | 1.14% | 5.50% |
| PGICX | Class C | 1.89% | 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.