HEJD Fees and Costs — VictoryShares Hedged Equity Income ETF
Data updated: 2026-02-27
The net expense ratio is 0.55%: a 0.50% management fee plus 0.42% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.1970% of average net assets, and portfolio turnover was 76%.
HEJD Fees and Expenses
Annual operating expenses and sales charges of HEJD. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.55% |
| 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 |
HEJD Costs Over Time
On $10,000 invested in HEJD, 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 0.55%) | $58 | $181 | $314 |
| Trading costs (broker commissions) | $21 | $65 | $113 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $257 | $470 |
| Value after costs | $10,422 | $11,319 | $12,293 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
HEJD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1970%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $46.9M
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $23K
- Net income from securities lending: $41 (0.000% of average net assets)
HEJD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Amerivet Securities, Inc. | $19K | 41.25% |
| Citadel Securities LLC | $17K | 36.54% |
| Goldman Sachs & Co. LLC | $6K | 11.96% |
| Jane Street Capital, LLC | $4K | 7.90% |
| Virtu Americas LLC | $456 | 0.99% |
| Susquehanna Securities | $268 | 0.58% |
| J.P. Morgan Securities LLC | $180 | 0.39% |
| RBC Capital Markets, LLC | $92 | 0.20% |
| Citigroup Global Markets Inc. | $46 | 0.10% |
| BofA Securities, Inc. | $35 | 0.08% |
HEJD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $42.1M | 89.78% |
| Goldman Sachs & Co. LLC | $4.8M | 10.22% |
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.