VKSEX Fees and Costs — Virtus KAR Small-Mid Cap Value Fund, Class C
Data updated: 2026-08-28
The net expense ratio is 1.92%: a 0.65% management fee, a 1.00% 12b-1 fee plus 1.40% other expenses, less a 1.13% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $771 in broker commissions, 0.0124% of average net assets, and portfolio turnover was 20%.
VKSEX Fees and Expenses
Annual operating expenses and sales charges of VKSEX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.40% |
| Gross expense ratio | 3.05% |
| Fee waiver | −1.13% |
| Net expense ratio | 1.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VKSEX Costs Over Time
On $10,000 invested in VKSEX, assuming 5% a year before costs, total costs come to $1,186 over 5 years, cutting the return by 2.03% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.92%) | $202 | $623 | $1,070 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $306 | $658 | $1,186 |
| Value after costs | $10,194 | $10,918 | $11,576 |
| Impact on return, per year | 3.06% | 2.03% | 2.03% |
VKSEX 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): 0.0124%
- Total broker commissions: $771
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
VKSEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $280 | 36.27% |
| Stephens, Inc. | $171 | 22.15% |
| WELLS FARGO SECURITIES, LLC | $97 | 12.56% |
| LIQUIDNET, INC. | $71 | 9.20% |
| J.P. Morgan Securities LLC | $64 | 8.29% |
| SANFORD C. BERNSTEIN & CO., LLC | $50 | 6.48% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $22 | 2.85% |
| Raymond James & Associates, Inc. | $11 | 1.42% |
| WILLIAM BLAIR | $5 | 0.65% |
| Strategas Securities, LLC | $1 | 0.13% |
Virtus KAR Small-Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VKSGX | Class R6 | 0.82% | none |
| VKSFX | Class I | 0.92% | none |
| VKSDX | Class A | 1.17% | 5.50% |
| VKSEX | Class C | 1.92% | 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.