VKIIX Fees and Costs — Virtus KAR International Small-Mid Cap Fund II, Class I
Data updated: 2021-12-14
The net expense ratio is 1.22% (2.26% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $64K in broker commissions, 0.1748% of average net assets, and portfolio turnover was 58%.
VKIIX Fees and Expenses
Annual operating expenses and sales charges of VKIIX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.34% |
| Gross expense ratio | 2.26% |
| Fee waiver | −1.04% |
| Net expense ratio | 1.22% |
| 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 |
VKIIX Costs Over Time
On $10,000 invested in VKIIX, assuming 5% a year before costs, total costs come to $866 over 5 years, cutting the return by 1.46% 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 1.22%) | $128 | $398 | $687 |
| Trading costs (broker commissions) | $18 | $57 | $98 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $146 | $478 | $866 |
| Value after costs | $10,354 | $11,099 | $11,897 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
VKIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1748%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
VKIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $10K | 21.06% |
| MACQUARIE CAPITAL (USA), INC. | $7K | 14.15% |
| AUERBACH GRAYSON & COMPANY LLC | $6K | 13.64% |
| LIQUIDNET, INC. | $5K | 11.50% |
| CLSA AMERICAS, LLC | $4K | 8.18% |
| KEPLER CAPITAL MARKETS, INC. | $4K | 8.16% |
| Carnegie AS | $3K | 7.15% |
| J.P. Morgan Securities LLC | $3K | 6.63% |
| Joh. Berenberg, Gossler & Co. KG | $2K | 4.80% |
| BOFA SECURITIES, INC. | $2K | 4.72% |
VKIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABG SUNDAL COLLIER, INC. | $1.2M | 56.68% |
| GOLDMAN SACHS & CO. LLC | $533K | 25.81% |
| J.P. Morgan Securities LLC | $309K | 15.00% |
| CitiGroup Global Markets Inc. | $52K | 2.51% |
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.