CID Fees and Costs — VictoryShares International High Div Volatility Wtd ETF
Data updated: 2024-11-26
The net expense ratio is 0.45%: a 0.40% management fee plus 0.55% other expenses, less a 0.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $24K in broker commissions, 0.1342% of average net assets, and portfolio turnover was 71%.
CID Fees and Expenses
Annual operating expenses and sales charges of CID. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.55% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.50% |
| Net expense ratio | 0.45% |
| 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 |
CID Costs Over Time
On $10,000 invested in CID, assuming 5% a year before costs, total costs come to $368 over 5 years, cutting the return by 0.61% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $14 | $44 | $77 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $202 | $368 |
| Value after costs | $10,439 | $11,375 | $12,394 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
CID Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1342%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $3.1M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $490K
- Net income from securities lending: $7K (0.037% of average net assets)
CID Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $12K | 51.12% |
| UBS Securities LLC | $12K | 47.11% |
| Morgan Stanley & Co. LLC | $158 | 0.65% |
| BofA Securities, Inc. | $118 | 0.48% |
| J.P. Morgan Securities LLC | $111 | 0.45% |
| Goldman Sachs & Co. LLC | $29 | 0.12% |
| RBC Capital Markets, LLC | $16 | 0.07% |
CID Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.0M | 98.17% |
| Goldman Sachs & Co. LLC | $56K | 1.83% |
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.