C000091164 Fees and Costs — Victory Virginia Bond Fund, Virginia Bond - Adviser Shares
Data updated: 2026-07-27
The net expense ratio is 0.80%: a 0.32% management fee, a 0.25% 12b-1 fee plus 0.25% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 6%.
C000091164 Fees and Expenses
Annual operating expenses and sales charges of C000091164. Prospectus, as of July 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.80% |
| 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 |
C000091164 Costs Over Time
On $10,000 invested in C000091164, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000091164 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $199.3M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
C000091164 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $44.3M | 25.28% |
| Barclays Capital Inc. | $41.3M | 23.58% |
| TD Securities (USA) LLC | $20.9M | 11.95% |
| Goldman Sachs & Co. LLC | $17.1M | 9.78% |
| UBS Securities LLC | $12.3M | 7.03% |
| Truist Securities, Inc. | $10.5M | 6.00% |
| BofA Securities, Inc. | $10.0M | 5.73% |
| Jefferies LLC | $8.6M | 4.91% |
| Piper Sandler & Co. | $5.8M | 3.29% |
| Citigroup Global Markets Inc. | $4.3M | 2.46% |
Victory Virginia Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UVAIX | Institutional Shares | 0.51% | none |
| USVAX | Victory Virginia Bond - Fund Shares | 0.55% | none |
| UVABX | Class A | 0.79% | 2.25% |
| C000091164 | Virginia Bond - Adviser Shares | 0.80% | — |
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.