VKSFX Fees and Costs — Virtus KAR Small-Mid Cap Value Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.92%: a 0.65% management fee plus 1.78% other expenses, less a 1.51% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $771 in broker commissions, 0.0124% of average net assets, and portfolio turnover was 20%.
VKSFX Fees and Expenses
Annual operating expenses and sales charges of VKSFX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.78% |
| Gross expense ratio | 2.43% |
| Fee waiver | −1.51% |
| Net expense ratio | 0.92% |
| 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 |
VKSFX Costs Over Time
On $10,000 invested in VKSFX, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,255 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
VKSFX 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
VKSFX 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.