CUHAX Fees and Costs — Victory US 500 Enhanced Volatility Wtd Index Fund, Class A
Data updated: 2025-05-29
The net expense ratio is 1.01% (1.38% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $40K in broker commissions, 0.1166% of average net assets, and portfolio turnover was 150%.
CUHAX Fees and Expenses
Annual operating expenses and sales charges of CUHAX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
CUHAX Costs Over Time
On $10,000 invested in CUHAX, assuming 5% a year before costs, total costs come to $1,396 over 5 years, cutting the return by 2.41% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.01%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $29 | $108 | $220 |
| Total costs | $715 | $1,030 | $1,396 |
| Value after costs | $9,785 | $10,546 | $11,366 |
| Impact on return, per year | 7.15% | 3.21% | 2.41% |
CUHAX 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): 0.1166%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $84K
- Portfolio turnover (prospectus): 150%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $507 (0.001% of average net assets)
CUHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $19K | 47.64% |
| Susquehanna Securities | $17K | 42.79% |
| Jane Street Capital, LLC | $3K | 8.29% |
| RBC Capital Markets, LLC | $273 | 0.68% |
| Jefferies LLC | $150 | 0.37% |
| Goldman Sachs & Co. LLC | $94 | 0.23% |
CUHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $84K | 100.00% |
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.