GBEMX Fees and Costs — Victory Sophus Emerging Markets Fund, Class A
Data updated: 2025-05-29
The net expense ratio is 1.34%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.34% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $862K in broker commissions, 0.2334% of average net assets, and portfolio turnover was 96%.
GBEMX Fees and Expenses
Annual operating expenses and sales charges of GBEMX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.34% |
| 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 |
GBEMX Costs Over Time
On $10,000 invested in GBEMX, assuming 5% a year before costs, total costs come to $1,651 over 5 years, cutting the return by 2.87% 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 1.34%) | $133 | $411 | $709 |
| Trading costs (broker commissions) | $23 | $72 | $123 |
| Lost growth on money paid in costs | $29 | $115 | $243 |
| Total costs | $759 | $1,173 | $1,651 |
| Value after costs | $9,741 | $10,404 | $11,112 |
| Impact on return, per year | 7.59% | 3.67% | 2.87% |
GBEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2334%
- Total broker commissions: $862K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $3.6M
- Net income from securities lending: $11K (0.003% of average net assets)
GBEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $137K | 19.87% |
| UBS Securities LLC | $80K | 11.63% |
| Citigroup Global Markets Inc. | $76K | 11.07% |
| J.P. Morgan Securities LLC | $76K | 10.98% |
| CLSA Americas, LLC | $61K | 8.81% |
| Morgan Stanley & Co. LLC | $58K | 8.47% |
| Macquarie Capital (USA) Inc. | $57K | 8.25% |
| BofA Securities, Inc. | $54K | 7.87% |
| Jefferies LLC | $53K | 7.71% |
| Daiwa Capital Markets America Inc. | $37K | 5.34% |
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.