VISAX Fees and Costs — Virtus KAR International Small-Mid Cap Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.44%: a 0.90% 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 $790K in broker commissions, 0.0786% of average net assets, and portfolio turnover was 26%.
VISAX Fees and Expenses
Annual operating expenses and sales charges of VISAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.44% |
| Fee waiver | — |
| Net expense ratio | 1.44% |
| 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 |
VISAX Costs Over Time
On $10,000 invested in VISAX, assuming 5% a year before costs, total costs come to $1,590 over 5 years, cutting the return by 2.76% 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 1.44%) | $143 | $443 | $765 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $28 | $110 | $234 |
| Total costs | $728 | $1,128 | $1,590 |
| Value after costs | $9,772 | $10,449 | $11,172 |
| Impact on return, per year | 7.28% | 3.53% | 2.76% |
VISAX 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): 0.0786%
- Total broker commissions: $790K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
VISAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $121K | 18.88% |
| SANFORD C. BERNSTEIN & CO., LLC | $115K | 17.83% |
| MACQUARIE CAPITAL (USA), INC. | $89K | 13.86% |
| KEPLER CAPITAL MARKETS, INC. | $87K | 13.48% |
| Joh. Berenberg, Gossler & Co. KG | $55K | 8.55% |
| UBS Securities LLC | $50K | 7.77% |
| GOLDMAN SACHS & CO. LLC | $41K | 6.45% |
| Carnegie AS | $40K | 6.18% |
| Baader Bank Aktiengesellschaft | $24K | 3.78% |
| AUERBACH GRAYSON & COMPANY LLC | $21K | 3.21% |
Virtus KAR International Small-Mid 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 |
|---|---|---|---|
| VRISX | Class R6 | 1.08% | none |
| VIISX | Class I | 1.17% | none |
| VISAX | Class A | 1.44% | 5.50% |
| VCISX | Class C | 2.19% | 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.