GRIN Fees and Costs — VictoryShares International Free Cash Flow Growth ETF
Data updated: 2026-09-11
The net expense ratio is 0.56%: a 0.50% management fee plus 0.56% other expenses, less a 0.50% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $367K in broker commissions, 0.1872% of average net assets, and portfolio turnover was 0%.
GRIN Fees and Expenses
Annual operating expenses and sales charges of GRIN. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.56% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.50% |
| Net expense ratio | 0.56% |
| 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 |
GRIN Costs Over Time
On $10,000 invested in GRIN, assuming 5% a year before costs, total costs come to $470 over 5 years, cutting the return by 0.78% 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 0.56%) | $59 | $184 | $320 |
| Trading costs (broker commissions) | $20 | $61 | $107 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $258 | $470 |
| Value after costs | $10,422 | $11,319 | $12,293 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
GRIN 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): 0.1872%
- Total broker commissions: $367K
- Bought from dealers (principal trades, not a cost): $420.1M
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $404K
- Net income from securities lending: $3K (0.002% of average net assets)
GRIN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $264K | 72.06% |
| J.P. Morgan Securities LLC | $94K | 25.56% |
| Citigroup Global Markets Inc. | $5K | 1.23% |
| HSBC Securities (USA) Inc. | $2K | 0.55% |
| RBC Capital Markets, LLC | $1K | 0.32% |
| Goldman Sachs & Co. LLC | $498 | 0.14% |
| UBS Securities LLC | $484 | 0.13% |
GRIN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $204.5M | 48.67% |
| BofA Securities, Inc. | $100.5M | 23.93% |
| J.P. Morgan Securities LLC | $77.7M | 18.50% |
| UBS Securities LLC | $37.4M | 8.90% |
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.