C000168424 Fees and Costs — Victory INCORE Investment Quality Bond VIP Series, Class I
Data updated: 2022-05-25
The net expense ratio is 0.56%: a 0.50% management fee plus 0.25% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $47K in broker commissions, 0.0077% of average net assets, and portfolio turnover was 81%.
C000168424 Fees and Expenses
Annual operating expenses and sales charges of C000168424. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000168424 Costs Over Time
On $10,000 invested in C000168424, assuming 5% a year before costs, total costs come to $358 over 5 years, cutting the return by 0.60% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $196 | $358 |
| Value after costs | $10,440 | $11,380 | $12,405 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
C000168424 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0077%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $895.6M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $20.3M
- Net income from securities lending: $59K (0.010% of average net assets)
C000168424 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $35K | 73.64% |
| CAPITAL INSTITUTIONAL SERVICES | $12K | 26.36% |
C000168424 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HAMBRECTH & QUIST | $140.1M | 19.27% |
| HSBC SECURITIES (USA) INC | $134.8M | 18.53% |
| WELLS FARGO SECURITIES, LLC | $123.4M | 16.96% |
| CITIGROUP GLOBAL MARKETS INC. | $82.9M | 11.40% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $79.6M | 10.95% |
| BARCLAYS CAPITAL INC. | $61.1M | 8.40% |
| GOLDMAN SACHS & CO. LLC | $41.6M | 5.72% |
| FTN FINANCIAL SECURITIES CORP | $25.6M | 3.52% |
| Salomon Smith Barney | $19.6M | 2.69% |
| CREDIT SUISSE SECURITIES (USA) LLC | $18.6M | 2.55% |
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.