VQSRX Fees and Costs — Virtus KAR Small-Cap Value Fund, Class R6
Data updated: 2026-08-28
The net expense ratio is 0.89%: a 0.70% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $117K in broker commissions, 0.0154% of average net assets, and portfolio turnover was 22%.
VQSRX Fees and Expenses
Annual operating expenses and sales charges of VQSRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
VQSRX Costs Over Time
On $10,000 invested in VQSRX, assuming 5% a year before costs, total costs come to $567 over 5 years, cutting the return by 0.95% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $95 | $312 | $567 |
| Value after costs | $10,405 | $11,265 | $12,195 |
| Impact on return, per year | 0.95% | 0.95% | 0.95% |
VQSRX 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): 0.0154%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
VQSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $43K | 38.29% |
| Raymond James & Associates, Inc. | $22K | 19.61% |
| LIQUIDNET, INC. | $18K | 16.10% |
| Robert W. Baird & Co. Incorporated | $10K | 8.85% |
| SANFORD C. BERNSTEIN & CO., LLC | $4K | 3.98% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $4K | 3.38% |
| VIRTU AMERICAS LLC | $3K | 2.89% |
| BOFA SECURITIES, INC. | $3K | 2.34% |
| BARCLAYS CAPITAL, INC. | $3K | 2.30% |
| WILLIAM BLAIR | $3K | 2.26% |
VQSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.6M | 100.00% |
Virtus KAR Small-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 |
|---|---|---|---|
| VQSRX | Class R6 | 0.89% | none |
| PXQSX | Class I | 0.99% | none |
| PQSAX | Class A | 1.22% | 5.50% |
| PQSCX | Class C | 1.99% | 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.