RGSAX Fees and Costs — Virtus KAR Global Small-Cap Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.63%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.51% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $49K in broker commissions, 0.1246% of average net assets, and portfolio turnover was 25%.
RGSAX Fees and Expenses
Annual operating expenses and sales charges of RGSAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.66% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.63% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
RGSAX Costs Over Time
On $10,000 invested in RGSAX, assuming 5% a year before costs, total costs come to $1,724 over 5 years, cutting the return by 3.00% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.63%) | $162 | $501 | $861 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $27 | $114 | $246 |
| Total costs | $752 | $1,202 | $1,724 |
| Value after costs | $9,748 | $10,374 | $11,039 |
| Impact on return, per year | 7.52% | 3.77% | 3.00% |
RGSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1246%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $600K
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
RGSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $18K | 41.63% |
| LIQUIDNET, INC. | $6K | 13.80% |
| Carnegie AS | $3K | 7.93% |
| MACQUARIE CAPITAL (USA), INC. | $3K | 7.69% |
| WOOD (ARTHUR W.) COMPANY, INC. | $3K | 7.49% |
| Joh. Berenberg, Gossler & Co. KG | $3K | 7.36% |
| GOLDMAN SACHS & CO. LLC | $2K | 4.76% |
| BOFA SECURITIES, INC. | $1K | 3.49% |
| KEPLER CAPITAL MARKETS, INC. | $1K | 2.99% |
| DEUTSCHE BANK SECURITIES INC. | $1K | 2.87% |
RGSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $600K | 100.00% |
| SANFORD C. BERNSTEIN & CO., LLC | $1 | 0.00% |
Virtus KAR Global Small-Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DGSCX | Institutional Class | 1.28% | none |
| RGSAX | Class A | 1.63% | 5.50% |
| RGSCX | Class C | 2.38% | 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.