C000168425 Fees and Costs — Victory INCORE Low Duration Bond VIP Series, Class I
Data updated: 2022-05-25
The net expense ratio is 0.53%: a 0.45% management fee plus 0.26% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 88%.
C000168425 Fees and Expenses
Annual operating expenses and sales charges of C000168425. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.53% |
| 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 |
C000168425 Costs Over Time
On $10,000 invested in C000168425, assuming 5% a year before costs, total costs come to $336 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $336 |
| Value after costs | $10,444 | $11,393 | $12,427 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
C000168425 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): 0.0015%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $231.7M
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $7.3M
- Net income from securities lending: $19K (0.007% of average net assets)
C000168425 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 100.00% |
C000168425 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HAMBRECTH & QUIST | $56.6M | 29.11% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $30.0M | 15.42% |
| MARKETAXESS CORPORATION | $23.6M | 12.12% |
| GOLDMAN SACHS & CO. LLC | $22.5M | 11.57% |
| BARCLAYS CAPITAL INC. | $16.6M | 8.53% |
| Salomon Smith Barney | $14.8M | 7.64% |
| HSBC SECURITIES (USA) INC | $11.9M | 6.13% |
| WELLS FARGO SECURITIES, LLC | $7.5M | 3.86% |
| CITIGROUP GLOBAL MARKETS INC. | $5.9M | 3.04% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5.0M | 2.56% |
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.