RLDAX Fees and Costs — Victory Low Duration Bond Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.85%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.13% fee waiver. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 26%.
RLDAX Fees and Expenses
Annual operating expenses and sales charges of RLDAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
RLDAX Costs Over Time
On $10,000 invested in RLDAX, assuming 5% a year before costs, total costs come to $808 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 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.85%) | $87 | $273 | $474 |
| Lost growth on money paid in costs | $11 | $49 | $110 |
| Total costs | $323 | $547 | $808 |
| Value after costs | $10,177 | $11,030 | $11,954 |
| Impact on return, per year | 3.23% | 1.68% | 1.37% |
RLDAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $442.3M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $279K
- Net income from securities lending: $753 (0.001% of average net assets)
RLDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $164.5M | 38.48% |
| J.P. Morgan Securities LLC | $90.9M | 21.26% |
| Goldman Sachs & Co. LLC | $40.5M | 9.47% |
| MUFG Securities Americas Inc. | $38.0M | 8.90% |
| RBC Capital Markets, LLC | $36.8M | 8.62% |
| Wells Fargo Securities, LLC | $24.5M | 5.73% |
| Mizuho Securities USA LLC | $16.4M | 3.83% |
| Citigroup Global Markets Inc. | $7.3M | 1.70% |
| Truist Securities, Inc. | $4.4M | 1.03% |
| Barclays Capital Inc. | $4.2M | 0.98% |
Victory Low Duration 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 |
|---|---|---|---|
| RSDYX | Class Y | 0.62% | none |
| RLDAX | Class A | 0.85% | 2.25% |
| RLDCX | Class C | 1.62% | 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.