PCGRX Fees and Costs — Victory Pioneer Mid Cap Value Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.11%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $141K in broker commissions, 0.0201% of average net assets, and portfolio turnover was 22%.
PCGRX Fees and Expenses
Annual operating expenses and sales charges of PCGRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
PCGRX Costs Over Time
On $10,000 invested in PCGRX, assuming 5% a year before costs, total costs come to $1,398 over 5 years, cutting the return by 2.41% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.11%) | $110 | $342 | $593 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $29 | $108 | $220 |
| Total costs | $716 | $1,031 | $1,398 |
| Value after costs | $9,784 | $10,545 | $11,364 |
| Impact on return, per year | 7.16% | 3.22% | 2.41% |
PCGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0201%
- Total broker commissions: $141K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
PCGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $21K | 19.72% |
| EVERCORE GROUP L.L.C. | $16K | 14.68% |
| JEFFERIES LLC | $12K | 11.75% |
| PIPER SANDLER & CO. | $11K | 10.77% |
| LEVEL MARKETS, LLC | $11K | 10.60% |
| INSTINET, LLC | $11K | 10.11% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 6.35% |
| CitiGroup Global Markets Inc. | $7K | 6.19% |
| BARCLAYS CAPITAL, INC. | $6K | 5.66% |
| TD SECURITIES (USA) LLC | $4K | 4.18% |
Victory Pioneer Mid 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 |
|---|---|---|---|
| PMCKX | Class R6 | 0.82% | none |
| PYCGX | Class Y | 0.91% | none |
| PCGRX | Class A | 1.11% | 5.75% |
| PCCGX | Class C | 1.93% | 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.