MAISX Fees and Costs — Victory Integrity Small/Mid-Cap Value Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.13%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.42% other expenses, less a 0.34% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $340K in broker commissions, 0.1018% of average net assets, and portfolio turnover was 47%.
MAISX Fees and Expenses
Annual operating expenses and sales charges of MAISX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.13% |
| 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 |
MAISX Costs Over Time
On $10,000 invested in MAISX, assuming 5% a year before costs, total costs come to $1,457 over 5 years, cutting the return by 2.51% 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 1.13%) | $112 | $348 | $602 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $29 | $109 | $225 |
| Total costs | $726 | $1,064 | $1,457 |
| Value after costs | $9,774 | $10,512 | $11,306 |
| Impact on return, per year | 7.26% | 3.32% | 2.51% |
MAISX 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): 0.1018%
- Total broker commissions: $340K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $4K (0.001% of average net assets)
MAISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $47K | 19.80% |
| Goldman Sachs & Co. LLC | $44K | 18.40% |
| Barclays Capital Inc. | $31K | 12.99% |
| Jefferies LLC | $29K | 12.04% |
| Strategas Securities, LLC | $18K | 7.63% |
| D.A. Davidson & Co. | $16K | 6.91% |
| Wells Fargo Securities, LLC | $16K | 6.82% |
| JonesTrading Institutional Services LLC | $13K | 5.30% |
| Stephens Inc. | $12K | 5.14% |
| Evercore Group L.L.C. | $12K | 4.97% |
Victory Integrity Small/Mid-Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MIRSX | Class R6 | 0.83% | none |
| MYISX | Class Y | 0.88% | none |
| MMMSX | Member Class | 0.95% | none |
| MAISX | Class A | 1.13% | 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.