RCEKX Fees and Costs — Victory RS Large Cap Alpha Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.26%: a 0.50% management fee, a 0.50% 12b-1 fee plus 0.44% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $192K in broker commissions, 0.0364% of average net assets, and portfolio turnover was 44%.
RCEKX Fees and Expenses
Annual operating expenses and sales charges of RCEKX. Prospectus, as of May 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.26% |
| 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 |
RCEKX Costs Over Time
On $10,000 invested in RCEKX, assuming 5% a year before costs, total costs come to $806 over 5 years, cutting the return by 1.36% 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 1.26%) | $132 | $412 | $711 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $806 |
| Value after costs | $10,364 | $11,132 | $11,957 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
RCEKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0364%
- Total broker commissions: $192K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $37K
- Net income from securities lending: $1 (0.000% of average net assets)
RCEKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company, L.L.C. | $17K | 14.25% |
| Jefferies LLC | $17K | 13.68% |
| Robert W. Baird & Co. Incorporated | $16K | 13.30% |
| Evercore Group L.L.C. | $15K | 11.96% |
| Instinet, LLC | $12K | 10.19% |
| KeyBanc Capital Markets Inc. | $12K | 9.52% |
| Barclays Capital Inc. | $11K | 9.17% |
| J.P. Morgan Securities LLC | $8K | 6.64% |
| Macquarie Capital (USA) Inc. | $7K | 6.11% |
| Liquidnet, Inc. | $6K | 5.17% |
Victory RS Large Cap Alpha Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RCEYX | Class Y | 0.68% | none |
| GPAFX | Class A | 0.89% | 5.75% |
| RCEKX | Class R | 1.26% | none |
| RCOCX | Class C | 1.69% | 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.