RIQKX Fees and Costs — Victory INCORE Investment Quality Bond Fund, Class R
Data updated: 2022-11-29
The net expense ratio is 1.30%: a 0.50% management fee, a 0.50% 12b-1 fee plus 0.81% other expenses, less a 0.51% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 67%.
RIQKX Fees and Expenses
Annual operating expenses and sales charges of RIQKX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.81% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.30% |
| 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 |
RIQKX Costs Over Time
On $10,000 invested in RIQKX, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,950 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
RIQKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $43.6M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $2K (0.009% of average net assets)
RIQKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2K | 91.50% |
| CAPITAL INSTITUTIONAL SERVICES | $154 | 8.50% |
RIQKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $5.7M | 17.11% |
| HSBC SECURITIES (USA) INC | $5.7M | 17.02% |
| HAMBRECTH & QUIST | $5.6M | 16.61% |
| CITIGROUP GLOBAL MARKETS INC. | $4.1M | 12.14% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $3.5M | 10.42% |
| GOLDMAN SACHS & CO. LLC | $2.9M | 8.77% |
| BARCLAYS CAPITAL INC. | $2.2M | 6.68% |
| INTL FCSTONE FINANCIAL INC. | $1.6M | 4.78% |
| MARKETAXESS CORPORATION | $1.1M | 3.29% |
| Salomon Smith Barney | $1.1M | 3.18% |
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.