PBFKX Fees and Costs — Victory Pioneer Bond Fund, Class R6
Data updated: 2026-09-11
The net expense ratio is 0.36%: a 0.29% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $474K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 44%.
PBFKX Fees and Expenses
Annual operating expenses and sales charges of PBFKX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.36% |
| Fee waiver | — |
| Net expense ratio | 0.36% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
PBFKX Costs Over Time
On $10,000 invested in PBFKX, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.36%) | $38 | $119 | $207 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $235 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
PBFKX 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): 0.0117%
- Total broker commissions: $474K
- Bought from dealers (principal trades, not a cost): $46.9B
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
PBFKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $454K | 95.89% |
| INSTINET CORPORATION | $19K | 4.09% |
| Goldman Sachs & Co. LLC | $83 | 0.02% |
| BOFA SECURITIES INC | $8 | 0.00% |
| BMO Capital Markets Corp. | $4 | 0.00% |
PBFKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA | $20.7B | 45.23% |
| CITIGROUP GLOBAL MARKETS INC | $8.1B | 17.80% |
| BANK OF MONTREAL | $6.5B | 14.21% |
| WELLS FARGO SECURITIES LLC | $2.7B | 5.91% |
| MORGAN STANLEY & COMPANY LLC | $2.7B | 5.90% |
| BNP PARIBAS SECURITIES CORP | $1.5B | 3.21% |
| JP MORGAN SECURITIES LLC | $1.3B | 2.78% |
| BARCLAYS CAPITAL INC. | $1.1B | 2.45% |
| GOLDMAN SACHS & CO | $685.0M | 1.50% |
| MIZUHO SECURITIES CO | $456.6M | 1.00% |
Victory Pioneer Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PBFKX | Class R6 | 0.36% | none |
| PICYX | Class Y | 0.47% | none |
| PIOBX | Class A | 0.81% | 2.25% |
| PBFRX | Class R | 1.10% | none |
| PCYBX | Class C | 1.45% | 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.