C000091165 Fees and Costs — Victory Sustainable World Fund
Data updated: 2026-07-27
The net expense ratio is 1.35%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0736% of average net assets, and portfolio turnover was 50%.
C000091165 Fees and Expenses
Annual operating expenses and sales charges of C000091165. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.35% |
| 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 |
C000091165 Costs Over Time
On $10,000 invested in C000091165, assuming 5% a year before costs, total costs come to $883 over 5 years, cutting the return by 1.49% 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 1.35%) | $142 | $440 | $760 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $487 | $883 |
| Value after costs | $10,351 | $11,089 | $11,880 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
C000091165 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): 0.0736%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $679K
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $5.2M
- Net income from securities lending: $34K (0.002% of average net assets)
C000091165 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $254K | 31.28% |
| J.P. Morgan Securities LLC | $102K | 12.58% |
| UBS Securities LLC | $82K | 10.11% |
| Instinet, LLC | $72K | 8.81% |
| Citigroup Global Markets Inc. | $61K | 7.56% |
| BNP Paribas Securities Corp. | $57K | 7.03% |
| Cowen and Company, LLC | $53K | 6.55% |
| HSBC Securities (USA) Inc. | $47K | 5.79% |
| Jefferies LLC | $45K | 5.52% |
| Barclays Capital Inc. | $39K | 4.78% |
C000091165 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MUFG Securities Americas Inc. | $499K | 73.51% |
| CIC Market Solutions, Inc. | $180K | 26.49% |
Victory Sustainable World Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UIWGX | Institutional Shares | 1.01% | none |
| USAWX | Shares | 1.03% | none |
| C000091165 | USAA World Growth Adviser Shares | 1.35% | — |
| USWGX | Class A | 1.36% | 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.