MVSSX Fees and Costs — Victory Integrity Small-Cap Value Fund, Class R6
Data updated: 2026-09-11
The net expense ratio is 0.96%: a 0.86% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 0.1308% of average net assets, and portfolio turnover was 44%.
MVSSX Fees and Expenses
Annual operating expenses and sales charges of MVSSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
MVSSX Costs Over Time
On $10,000 invested in MVSSX, assuming 5% a year before costs, total costs come to $681 over 5 years, cutting the return by 1.15% 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 0.96%) | $101 | $314 | $544 |
| Trading costs (broker commissions) | $14 | $43 | $74 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $681 |
| Value after costs | $10,385 | $11,202 | $12,082 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
MVSSX 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): 0.1308%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $16.2M
- Net income from securities lending: $35K (0.003% of average net assets)
MVSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $201K | 22.06% |
| Goldman Sachs & Co. LLC | $122K | 13.38% |
| Stephens Inc. | $106K | 11.67% |
| Jefferies LLC | $97K | 10.68% |
| Barclays Capital Inc. | $84K | 9.19% |
| Strategas Securities, LLC | $65K | 7.19% |
| D.A. Davidson & Co. | $61K | 6.73% |
| Truist Securities, Inc. | $60K | 6.56% |
| Evercore Group L.L.C. | $59K | 6.53% |
| Keefe, Bruyette & Woods, Inc. | $55K | 6.00% |
MVSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.5M | 85.56% |
| RBC Capital Markets, LLC | $492K | 12.17% |
| Strategas Securities, LLC | $92K | 2.27% |
Victory Integrity Small-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 |
|---|---|---|---|
| MVSSX | Class R6 | 0.96% | none |
| VSVIX | Class Y | 1.06% | none |
| VSCVX | Class A | 1.43% | 5.75% |
| MRVSX | Class R | 1.75% | none |
| MCVSX | Class C | 2.35% | 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.