ABI Fees and Costs — VictoryShares Pioneer Asset-Based Income ETF
Data updated: 2026-09-11
The net expense ratio is 0.65%: a 0.55% management fee plus 0.27% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
ABI Fees and Expenses
Annual operating expenses and sales charges of ABI. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ABI Costs Over Time
On $10,000 invested in ABI, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
ABI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $90.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ABI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $18.7M | 25.33% |
| Pershing LLC | $10.5M | 14.19% |
| Deutsche Bank Securities Inc. | $9.7M | 13.13% |
| Goldman Sachs & Co. LLC | $6.8M | 9.29% |
| Nomura Securities International, Inc. | $6.0M | 8.19% |
| BNP Paribas Securities Corp. | $5.7M | 7.69% |
| BofA Securities, Inc. | $5.1M | 6.91% |
| J.P. Morgan Securities LLC | $4.4M | 6.03% |
| Barclays Capital Inc. | $3.4M | 4.65% |
| RBC Capital Markets, LLC | $3.4M | 4.59% |
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.