CFO Fees and Costs — VictoryShares US 500 Enhanced Volatility Wtd ETF
Data updated: 2026-09-11
The net expense ratio is 0.35%: a 0.30% management fee plus 0.09% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $88K in broker commissions, 0.0213% of average net assets, and portfolio turnover was 24%.
CFO Fees and Expenses
Annual operating expenses and sales charges of CFO. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.35% |
| 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 |
CFO Costs Over Time
On $10,000 invested in CFO, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
CFO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0213%
- Total broker commissions: $88K
- Bought from dealers (principal trades, not a cost): $52.0M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $6K (0.002% of average net assets)
CFO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $46K | 52.90% |
| Jane Street Capital, LLC | $40K | 45.58% |
| Citigroup Global Markets Inc. | $742 | 0.85% |
| Susquehanna Securities | $210 | 0.24% |
| Goldman Sachs & Co. LLC | $163 | 0.19% |
| Amerivet Securities, Inc. | $96 | 0.11% |
| BofA Securities, Inc. | $73 | 0.08% |
| Macquarie Capital (USA) Inc. | $53 | 0.06% |
| Jefferies LLC | $1 | 0.00% |
CFO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $29.7M | 57.02% |
| BofA Securities, Inc. | $22.4M | 42.98% |
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.