C000091166 Fees and Costs — Victory Emerging Markets Fund
Data updated: 2026-07-27
The net expense ratio is 1.76%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.58% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.1746% of average net assets, and portfolio turnover was 84%.
C000091166 Fees and Expenses
Annual operating expenses and sales charges of C000091166. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.84% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.76% |
| 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 |
C000091166 Costs Over Time
On $10,000 invested in C000091166, assuming 5% a year before costs, total costs come to $1,188 over 5 years, cutting the return by 2.03% 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 1.76%) | $185 | $571 | $981 |
| Trading costs (broker commissions) | $18 | $57 | $97 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $203 | $659 | $1,188 |
| Value after costs | $10,297 | $10,917 | $11,575 |
| Impact on return, per year | 2.03% | 2.03% | 2.03% |
C000091166 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): 0.1746%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $13.0M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $38K (0.006% of average net assets)
C000091166 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $379K | 44.20% |
| KB Investment & Securities Co., Ltd. | $77K | 8.92% |
| Citigroup Global Markets Inc. | $63K | 7.28% |
| UBS Securities LLC | $57K | 6.65% |
| Griffinest Asia Securities, LLC | $53K | 6.13% |
| Macquarie Capital (USA) Inc. | $49K | 5.65% |
| BofA Securities, Inc. | $48K | 5.55% |
| CLSA Americas, LLC | $45K | 5.24% |
| HSBC Securities (USA) Inc. | $45K | 5.21% |
| J.P. Morgan Securities LLC | $44K | 5.18% |
C000091166 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12.8M | 98.40% |
| J.P. Morgan Securities LLC | $208K | 1.60% |
Victory Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UIEMX | Institutional Shares | 1.32% | none |
| USEMX | Shares | 1.50% | none |
| C000091166 | USAA Emerging Markets Fund Adviser Shares | 1.76% | — |
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.