C000091151 Fees and Costs — Victory High Income Fund
Data updated: 2026-09-29
The net expense ratio is 1.02% (1.21% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $158K in broker commissions, 0.0159% of average net assets, and portfolio turnover was 77%.
C000091151 Fees and Expenses
Annual operating expenses and sales charges of C000091151. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000091151 Costs Over Time
On $10,000 invested in C000091151, assuming 5% a year before costs, total costs come to $647 over 5 years, cutting the return by 1.09% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $356 | $647 |
| Value after costs | $10,391 | $11,220 | $12,115 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
C000091151 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0159%
- Total broker commissions: $158K
- Bought from dealers (principal trades, not a cost): $10.3B
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $33.8M
- Net income from securities lending: $225K (0.023% of average net assets)
C000091151 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital LLC | $84K | 53.21% |
| Susquehanna Securities | $60K | 37.91% |
| Morgan Stanley & Co. LLC | $6K | 3.58% |
| Barclays Capital Inc. | $4K | 2.84% |
| Citadel Securities LLC | $3K | 1.71% |
| Virtu Americas LLC | $1K | 0.76% |
C000091151 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $6.0B | 61.62% |
| J.P. Morgan Securities LLC | $910.0M | 9.40% |
| BofA Securities, Inc. | $813.9M | 8.40% |
| Goldman Sachs & Co. LLC | $377.4M | 3.90% |
| Wells Fargo Securities, LLC | $364.6M | 3.76% |
| MUFG Securities Americas Inc. | $328.1M | 3.39% |
| Mizuho Securities USA LLC | $300.9M | 3.11% |
| RBC Capital Markets, LLC | $295.6M | 3.05% |
| Citigroup Global Markets Inc. | $197.8M | 2.04% |
| Truist Securities, Inc. | $128.9M | 1.33% |
Victory High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| URHIX | Class R6 | 0.69% | none |
| UIHIX | Institutional Shares | 0.77% | none |
| USHYX | Shares | 0.84% | none |
| C000091151 | High Income Fund Adviser Shares | 1.02% | — |
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.