VKSAX Fees and Costs — Virtus KAR Small-Mid Cap Core Fund, Class A
Data updated: 2026-08-28
The net expense ratio is 1.24%: a 0.72% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2024 the fund paid $163K in broker commissions, 0.0091% of average net assets, and portfolio turnover was 15%.
VKSAX Fees and Expenses
Annual operating expenses and sales charges of VKSAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
VKSAX Costs Over Time
On $10,000 invested in VKSAX, assuming 5% a year before costs, total costs come to $1,437 over 5 years, cutting the return by 2.48% 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 1.24%) | $123 | $383 | $662 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $27 | $106 | $219 |
| Total costs | $701 | $1,042 | $1,437 |
| Value after costs | $9,799 | $10,535 | $11,326 |
| Impact on return, per year | 7.01% | 3.25% | 2.48% |
VKSAX 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): 0.0091%
- Total broker commissions: $163K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
VKSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $34K | 22.96% |
| SANFORD C. BERNSTEIN & CO., LLC | $31K | 21.04% |
| LIQUIDNET, INC. | $19K | 12.65% |
| GOLDMAN SACHS & CO. LLC | $14K | 9.56% |
| BOFA SECURITIES, INC. | $14K | 9.03% |
| Robert W. Baird & Co. Incorporated | $12K | 7.83% |
| BARCLAYS CAPITAL, INC. | $9K | 6.21% |
| Instinet LLC | $7K | 4.83% |
| STIFEL NICHOLAS & CO., INC. | $5K | 3.07% |
| VIRTU AMERICAS LLC | $4K | 2.82% |
Virtus KAR Small-Mid Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VKSRX | Class R6 | 0.89% | none |
| VKSIX | Class I | 0.98% | none |
| VKSAX | Class A | 1.24% | 5.50% |
| VKSCX | Class C | 2.00% | 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.