MDCP Fees and Costs — VictoryShares THB Mid Cap ETF
Data updated: 2025-05-29
The net expense ratio is 0.55%: a 0.50% management fee plus 0.18% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 20%.
MDCP Fees and Expenses
Annual operating expenses and sales charges of MDCP. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.13% |
| 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 |
MDCP Costs Over Time
On $10,000 invested in MDCP, assuming 5% a year before costs, total costs come to $352 over 5 years, cutting the return by 0.59% 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) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $59 | $193 | $352 |
| Value after costs | $10,441 | $11,383 | $12,410 |
| Impact on return, per year | 0.59% | 0.59% | 0.59% |
MDCP Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0084%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $102.7M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
MDCP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company, L.L.C. | $2K | 46.67% |
| Academy Securities Inc. | $1K | 36.55% |
| Compass Point Research & Trading, LLC | $226 | 6.55% |
| Barclays Capital Inc. | $192 | 5.54% |
| RBC Capital Markets, LLC | $81 | 2.35% |
| Citigroup Global Markets Inc. | $46 | 1.34% |
| BofA Securities, Inc. | $16 | 0.47% |
| Susquehanna Securities | $11 | 0.31% |
| Credit Suisse Securities (USA) LLC | $8 | 0.22% |
MDCP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $96.5M | 93.96% |
| RBC Capital Markets, LLC | $6.2M | 6.04% |
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.