MAUKX Fees and Costs — Victory Pioneer Multi-Asset Ultrashort Income Fund, Class R6
Data updated: 2026-08-25
The net expense ratio is 0.35%: a 0.28% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 54%.
MAUKX Fees and Expenses
Annual operating expenses and sales charges of MAUKX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
MAUKX Costs Over Time
On $10,000 invested in MAUKX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
MAUKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $204.4B
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
MAUKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $9K | 100.00% |
MAUKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $48.4B | 28.07% |
| RBC DOMINION SECURITIES INC | $22.8B | 13.22% |
| BANK OF MONTREAL | $21.1B | 12.26% |
| TORONTO DOMINION BANK | $19.0B | 11.03% |
| SCOTIA CAPITAL INC | $13.9B | 8.05% |
| MIZUHO SECURITIES CO | $11.1B | 6.44% |
| CITIGROUP GLOBAL MARKETS INC | $10.0B | 5.82% |
| JP MORGAN SECURITIES LLC | $9.1B | 5.28% |
| ROBINSON HUMPHREY COMPANY LLC | $8.5B | 4.92% |
| WELLS FARGO SECURITIES LLC | $8.5B | 4.92% |
Victory Pioneer Multi-Asset Ultrashort Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| MAUKX | Class R6 | 0.35% | none |
| MYFRX | Class Y | 0.44% | none |
| MAFRX | Class A | 0.58% | none |
| MAUCX | Class C | 0.88% | 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.