RIFKX Fees and Costs — Victory RS Science & Technology Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.93%: a 1.00% management fee, a 0.50% 12b-1 fee plus 1.79% other expenses, less a 1.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $85K in broker commissions, 0.0421% of average net assets, and portfolio turnover was 29%.
RIFKX Fees and Expenses
Annual operating expenses and sales charges of RIFKX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 1.79% |
| Gross expense ratio | 3.29% |
| Fee waiver | −1.36% |
| Net expense ratio | 1.93% |
| 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 |
RIFKX Costs Over Time
On $10,000 invested in RIFKX, assuming 5% a year before costs, total costs come to $1,210 over 5 years, cutting the return by 2.07% 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 1.93%) | $203 | $626 | $1,074 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $207 | $671 | $1,210 |
| Value after costs | $10,293 | $10,905 | $11,553 |
| Impact on return, per year | 2.07% | 2.07% | 2.07% |
RIFKX 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): 0.0421%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): $316K
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $67K (0.033% of average net assets)
RIFKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $11K | 18.00% |
| Liquidnet, Inc. | $7K | 12.21% |
| BofA Securities, Inc. | $7K | 11.81% |
| Barclays Capital Inc. | $6K | 10.50% |
| Macquarie Capital (USA) Inc. | $6K | 10.07% |
| Keysight Technologies, Inc. | $6K | 9.34% |
| J.P. Morgan Securities LLC | $5K | 8.52% |
| Piper Sandler & Co. | $5K | 7.54% |
| KeyBanc Capital Markets Inc. | $4K | 6.50% |
| UBS Securities LLC | $3K | 5.50% |
RIFKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $258K | 81.50% |
| UBS Securities LLC | $57K | 17.92% |
| J.P. Morgan Securities LLC | $2K | 0.58% |
Victory RS Science & Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RIFYX | Class Y | 1.24% | none |
| RSIFX | Class A | 1.46% | 5.75% |
| RIFKX | Class R | 1.93% | none |
| RINCX | Class C | 2.28% | 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.