C000091159 Fees and Costs — Victory Science & Technology Fund
Data updated: 2026-09-29
The net expense ratio is 1.34%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.33% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $425K in broker commissions, 0.0323% of average net assets, and portfolio turnover was 42%.
C000091159 Fees and Expenses
Annual operating expenses and sales charges of C000091159. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.34% |
| Fee waiver | — |
| Net expense ratio | 1.34% |
| 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 |
C000091159 Costs Over Time
On $10,000 invested in C000091159, assuming 5% a year before costs, total costs come to $852 over 5 years, cutting the return by 1.44% 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) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $852 |
| Value after costs | $10,356 | $11,106 | $11,911 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
C000091159 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): 0.0323%
- Total broker commissions: $425K
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $12.2M
- Net income from securities lending: $293K (0.022% of average net assets)
C000091159 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $53K | 18.28% |
| RBC Capital Markets, LLC | $45K | 15.36% |
| BofA Securities, Inc. | $40K | 13.75% |
| Susquehanna Securities | $36K | 12.23% |
| Barclays Capital Inc. | $32K | 10.82% |
| Academy Securities Inc. | $23K | 8.00% |
| UBS Securities LLC | $17K | 5.70% |
| William Blair & Company, L.L.C. | $17K | 5.67% |
| Robert W. Baird & Co. Incorporated | $15K | 5.18% |
| Jefferies LLC | $15K | 5.01% |
C000091159 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.0M | 48.93% |
| Virtu Americas LLC | $650K | 30.74% |
| Goldman Sachs & Co. LLC | $134K | 6.34% |
| J.P. Morgan Securities LLC | $113K | 5.36% |
| Jefferies LLC | $113K | 5.35% |
| Leerink Partners LLC | $62K | 2.95% |
| BofA Securities, Inc. | $7K | 0.34% |
Victory Science & Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| USSCX | Shares | 0.95% | none |
| USTCX | Class A | 1.28% | 5.75% |
| C000091159 | Science & Technology Fund Adviser Shares | 1.34% | — |
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.