MUCYX Fees and Costs — Victory Total Return Bond Fund, Class Y
Data updated: 2025-11-25
The net expense ratio is 0.60%: a 0.40% management fee plus 0.41% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 36%.
MUCYX Fees and Expenses
Annual operating expenses and sales charges of MUCYX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.60% |
| 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 |
MUCYX Costs Over Time
On $10,000 invested in MUCYX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
MUCYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $52.8M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $123K
- Net income from securities lending: $1K (0.003% of average net assets)
MUCYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12.9M | 30.73% |
| J.P. Morgan Securities LLC | $4.7M | 11.21% |
| Barclays Capital Inc. | $4.7M | 11.17% |
| Goldman Sachs & Co. LLC | $4.0M | 9.47% |
| StoneX Financial Inc. | $3.3M | 7.92% |
| Stifel, Nicolaus & Company, Incorporated | $3.3M | 7.87% |
| Jane Street Capital, LLC | $2.9M | 6.84% |
| Deutsche Bank Securities Inc. | $2.6M | 6.08% |
| RBC Capital Markets, LLC | $2.0M | 4.69% |
| Wells Fargo Securities, LLC | $1.7M | 4.03% |
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.