CEY Fees and Costs — VictoryShares Emerging Market High Dividend Volatility Wtd ETF
Data updated: 2022-11-29
The net expense ratio is 0.51%: a 0.45% management fee plus 0.94% other expenses, less a 0.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $24K in broker commissions, 0.1471% of average net assets, and portfolio turnover was 86%.
CEY Fees and Expenses
Annual operating expenses and sales charges of CEY. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.94% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.89% |
| Net expense ratio | 0.51% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CEY Costs Over Time
On $10,000 invested in CEY, assuming 5% a year before costs, total costs come to $414 over 5 years, cutting the return by 0.69% 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 0.51%) | $54 | $168 | $292 |
| Trading costs (broker commissions) | $15 | $48 | $84 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $414 |
| Value after costs | $10,431 | $11,350 | $12,349 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
CEY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1471%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $3.0M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $304K
- Net income from securities lending: $562 (0.003% of average net assets)
CEY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $21K | 87.33% |
| Morgan Stanley & Co. LLC | $1K | 4.37% |
| Credit Suisse Securities (USA) LLC | $914 | 3.84% |
| J.P. Morgan Securities LLC | $540 | 2.27% |
| Goldman Sachs & Co. LLC | $505 | 2.12% |
| Jefferies LLC | $15 | 0.06% |
| Macquarie Capital (USA) Inc. | $0 | 0.00% |
CEY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $1.9M | 62.21% |
| J.P. Morgan Securities LLC | $970K | 32.18% |
| Goldman Sachs & Co. LLC | $169K | 5.61% |
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.