HIMYX Fees and Costs — Victory Pioneer High Income Municipal Fund, Class Y
Data updated: 2026-07-27
The net expense ratio is 0.55%: a 0.49% management fee plus 0.19% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 54%.
HIMYX Fees and Expenses
Annual operating expenses and sales charges of HIMYX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
HIMYX Costs Over Time
On $10,000 invested in HIMYX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
HIMYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $918.0M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
HIMYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $173.2M | 20.72% |
| WELLS FARGO SECURITIES, LLC | $163.0M | 19.50% |
| J.P. Morgan Securities LLC | $147.2M | 17.61% |
| Stifel, Nicolaus & Company, Incorporated | $87.7M | 10.49% |
| MORGAN STANLEY & CO. LLC | $79.6M | 9.53% |
| PIPER SANDLER & CO. | $49.0M | 5.86% |
| RBC CAPITAL MARKETS, LLC | $46.1M | 5.51% |
| Goldman Sachs & Co. LLC | $36.8M | 4.40% |
| PERSHING LLC | $29.4M | 3.52% |
| JEFFERIES LLC | $23.9M | 2.86% |
Victory Pioneer High Income Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HIMYX | Class Y | 0.55% | none |
| PIMAX | Class A | 0.82% | 2.25% |
| HICMX | Class C | 1.59% | none |
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.