C000091167 Fees and Costs — Victory Government Securities Fund
Data updated: 2026-07-27
The net expense ratio is 0.75%: a 0.13% management fee, a 0.25% 12b-1 fee plus 0.52% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
C000091167 Fees and Expenses
Annual operating expenses and sales charges of C000091167. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.52% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.75% |
| 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 |
C000091167 Costs Over Time
On $10,000 invested in C000091167, assuming 5% a year before costs, total costs come to $471 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $471 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000091167 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): $2.6B
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $75K
- Net income from securities lending: $88 (0.000% of average net assets)
C000091167 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $2.3B | 89.82% |
| Robert W. Baird & Co. Incorporated | $69.3M | 2.74% |
| J.P. Morgan Securities LLC | $37.2M | 1.47% |
| Academy Securities Inc. | $33.2M | 1.31% |
| Goldman Sachs & Co. LLC | $31.9M | 1.26% |
| First Horizon Bank | $21.4M | 0.85% |
| StoneX Financial Inc. | $20.2M | 0.80% |
| Wells Fargo Securities, LLC | $17.1M | 0.68% |
| Deutsche Bank Securities Inc. | $13.6M | 0.54% |
| Barclays Capital Inc. | $13.3M | 0.53% |
Victory Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| URGSX | Victory Government Securities R6 Shares | 0.28% | none |
| UIGSX | Institutional Shares | 0.40% | none |
| USGNX | Shares | 0.48% | none |
| C000091167 | USAA Government Securities Adviser Shares | 0.75% | — |
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.