C000091158 Fees and Costs — Victory Precious Metals and Minerals Fund
Data updated: 2026-07-27
The net expense ratio is 1.34%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.38% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $344K in broker commissions, 0.0366% of average net assets, and portfolio turnover was 15%.
C000091158 Fees and Expenses
Annual operating expenses and sales charges of C000091158. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.34% |
| 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 |
C000091158 Costs Over Time
On $10,000 invested in C000091158, assuming 5% a year before costs, total costs come to $855 over 5 years, cutting the return by 1.45% 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 1.34%) | $141 | $437 | $755 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $472 | $855 |
| Value after costs | $10,355 | $11,105 | $11,908 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
C000091158 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0366%
- Total broker commissions: $344K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $31K (0.003% of average net assets)
C000091158 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $200K | 59.57% |
| Citigroup Global Markets Inc. | $46K | 13.57% |
| BofA Securities, Inc. | $27K | 8.18% |
| UBS Securities LLC | $21K | 6.12% |
| Virtu Americas LLC | $16K | 4.76% |
| Jefferies LLC | $9K | 2.66% |
| Susquehanna Securities | $8K | 2.36% |
| Citadel Securities LLC | $4K | 1.31% |
| Cowen and Company, LLC | $2K | 0.74% |
| Loop Capital Markets LLC | $2K | 0.73% |
Victory Precious Metals and Minerals Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UIPMX | Institutional Shares | 1.01% | none |
| USAGX | Shares | 1.04% | none |
| C000091158 | USAA Precious Metals and Minerals Adviser Shares | 1.34% | — |
| UPMMX | Class A | 1.35% | 5.75% |
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.