AYBLX Fees and Costs — Victory Pioneer Balanced Fund, Class Y
Data updated: 2026-09-28
The net expense ratio is 0.73%: a 0.50% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 29%.
AYBLX Fees and Expenses
Annual operating expenses and sales charges of AYBLX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| 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 |
AYBLX Costs Over Time
On $10,000 invested in AYBLX, assuming 5% a year before costs, total costs come to $469 over 5 years, cutting the return by 0.78% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $2 | $5 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $469 |
| Value after costs | $10,422 | $11,319 | $12,293 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
AYBLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $654.9M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
AYBLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $21K | 29.89% |
| CitiGroup Global Markets Inc. | $17K | 24.25% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $16K | 22.58% |
| PIPER SANDLER & CO. | $6K | 9.24% |
| J.P. Morgan Securities LLC | $6K | 9.15% |
| Jefferies LLC | $2K | 2.19% |
| MORGAN STANLEY & CO. LLC | $809 | 1.17% |
| BARCLAYS CAPITAL, INC. | $451 | 0.65% |
| GOLDMAN SACHS & CO. LLC | $340 | 0.49% |
| RBC CAPITAL MARKETS, LLC | $267 | 0.39% |
AYBLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $183.2M | 29.35% |
| BARCLAYS CAPITAL, INC. | $101.3M | 16.23% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $85.3M | 13.67% |
| GOLDMAN SACHS & CO. LLC | $75.1M | 12.04% |
| Mizuho Securities USA LLC | $52.5M | 8.41% |
| BNP PARIBAS SECURITIES CORP. | $36.3M | 5.81% |
| J.P. Morgan Securities LLC | $34.6M | 5.54% |
| Wells Fargo Securities LLC | $24.4M | 3.92% |
| BMO CAPITAL MARKETS CORP. | $20.8M | 3.34% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $10.5M | 1.68% |
Victory Pioneer Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PCBKX | Class R6 | 0.63% | none |
| AYBLX | Class Y | 0.73% | none |
| AOBLX | Class A | 0.93% | 2.25% |
| PCBCX | Class C | 1.68% | 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.