SASVX Fees and Costs — Virtus Ceredex Small-Cap Value Equity Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.41%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.44% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $85K in broker commissions, 0.0884% of average net assets, and portfolio turnover was 77%.
SASVX Fees and Expenses
Annual operating expenses and sales charges of SASVX. Prospectus, as of January 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.41% |
| 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 |
SASVX Costs Over Time
On $10,000 invested in SASVX, assuming 5% a year before costs, total costs come to $1,579 over 5 years, cutting the return by 2.74% 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 1.41%) | $140 | $434 | $749 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $27 | $110 | $233 |
| Total costs | $726 | $1,121 | $1,579 |
| Value after costs | $9,774 | $10,455 | $11,184 |
| Impact on return, per year | 7.26% | 3.51% | 2.74% |
SASVX 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): 0.0884%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): $276K
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
SASVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $11K | 17.82% |
| EVERCORE GROUP LLC | $10K | 16.14% |
| LUMINEX TRADING & ANALYTICS LLC | $6K | 10.39% |
| ROBERT W. BAIRD & CO. INC. | $6K | 10.21% |
| BOFA SECURITIES, INC. | $5K | 9.09% |
| BARCLAYS CAPITAL, INC. | $5K | 8.65% |
| KEYBANC CAPITAL MARKETS, INC. | $4K | 7.45% |
| RBC CAPITAL MARKETS, LLC | $4K | 7.27% |
| Raymond James & Associates, Inc. | $4K | 6.89% |
| JEFFERIES LLC | $4K | 6.10% |
SASVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $266K | 96.50% |
| BOFA SECURITIES, INC. | $10K | 3.50% |
Virtus Ceredex Small-Cap Value Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VVERX | Class R6 | 0.77% | none |
| SCETX | Class I | 0.82% | none |
| SASVX | Class A | 1.41% | 5.50% |
| STCEX | Class C | 1.81% | 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.