C000091163 Fees and Costs — Victory Value Fund, Value Fund Adviser Shares
Data updated: 2026-09-29
The net expense ratio is 1.28%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.41% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $541K in broker commissions, 0.0401% of average net assets, and portfolio turnover was 52%.
C000091163 Fees and Expenses
Annual operating expenses and sales charges of C000091163. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.28% |
| 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 |
C000091163 Costs Over Time
On $10,000 invested in C000091163, assuming 5% a year before costs, total costs come to $820 over 5 years, cutting the return by 1.39% 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 1.28%) | $134 | $418 | $722 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $139 | $452 | $820 |
| Value after costs | $10,361 | $11,124 | $11,942 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000091163 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): 0.0401%
- Total broker commissions: $541K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $627K
- Net income from securities lending: $5K (0.000% of average net assets)
C000091163 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $121K | 28.68% |
| RBC Capital Markets, LLC | $74K | 17.49% |
| Susquehanna Securities | $62K | 14.59% |
| Academy Securities Inc. | $51K | 12.07% |
| Instinet, LLC | $23K | 5.48% |
| Barclays Capital Inc. | $20K | 4.63% |
| Keefe, Bruyette & Woods, Inc. | $19K | 4.59% |
| Jefferies LLC | $19K | 4.39% |
| J.P. Morgan Securities LLC | $17K | 4.08% |
| Evercore Group L.L.C. | $17K | 4.00% |
Victory Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UIVAX | Institutional Shares | 0.89% | none |
| UVALX | Shares | 0.92% | none |
| C000091163 | Value Fund Adviser Shares | 1.28% | — |
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.