MAIRX Fees and Costs — Victory Trivalent International Fund - Core Equity, Class R6
Data updated: 2026-09-11
The net expense ratio is 0.55%: a 0.80% management fee plus 0.16% other expenses, less a 0.41% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $243K in broker commissions, 0.0882% of average net assets, and portfolio turnover was 44%.
MAIRX Fees and Expenses
Annual operating expenses and sales charges of MAIRX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.41% |
| 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 |
MAIRX Costs Over Time
On $10,000 invested in MAIRX, assuming 5% a year before costs, total costs come to $402 over 5 years, cutting the return by 0.67% 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 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $402 |
| Value after costs | $10,433 | $11,356 | $12,361 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
MAIRX 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): 0.0882%
- Total broker commissions: $243K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $17K (0.006% of average net assets)
MAIRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $26K | 16.12% |
| HSBC Securities (USA) Inc. | $25K | 15.97% |
| UBS Securities LLC | $18K | 11.39% |
| Macquarie Capital (USA) Inc. | $16K | 9.78% |
| BNP Paribas Securities Corp. | $16K | 9.77% |
| J.P. Morgan Securities LLC | $15K | 9.13% |
| Barclays Capital Inc. | $12K | 7.78% |
| Berenberg Capital Markets LLC | $12K | 7.26% |
| Citigroup Global Markets Inc. | $11K | 6.73% |
| BofA Securities, Inc. | $10K | 6.07% |
Victory Trivalent International Fund - Core Equity Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MAIRX | Class R6 | 0.55% | none |
| MICIX | Class I | 0.60% | none |
| MICYX | Class Y | 0.70% | none |
| MAICX | Class A | 0.95% | 5.75% |
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.