RSEKX Fees and Costs — Victory RS Small Cap Growth Fund, Class R
Data updated: 2026-08-26
The net expense ratio is 1.86%: a 0.95% management fee, a 0.50% 12b-1 fee plus 0.57% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $718K in broker commissions, 0.1760% of average net assets, and portfolio turnover was 95%.
RSEKX Fees and Expenses
Annual operating expenses and sales charges of RSEKX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.57% |
| Gross expense ratio | 2.02% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.86% |
| 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 |
RSEKX Costs Over Time
On $10,000 invested in RSEKX, assuming 5% a year before costs, total costs come to $1,247 over 5 years, cutting the return by 2.14% 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 1.86%) | $195 | $603 | $1,034 |
| Trading costs (broker commissions) | $18 | $57 | $98 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $214 | $693 | $1,247 |
| Value after costs | $10,286 | $10,883 | $11,515 |
| Impact on return, per year | 2.14% | 2.14% | 2.14% |
RSEKX 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): 0.1760%
- Total broker commissions: $718K
- Bought from dealers (principal trades, not a cost): $14.4M
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $13.7M
- Net income from securities lending: $96K (0.024% of average net assets)
RSEKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $90K | 19.08% |
| William Blair & Company, L.L.C. | $60K | 12.60% |
| Jefferies LLC | $51K | 10.73% |
| Barclays Capital Inc. | $48K | 10.12% |
| Stifel, Nicolaus & Company, Incorporated | $48K | 10.07% |
| Robert W. Baird & Co. Incorporated | $44K | 9.20% |
| Liquidnet, Inc. | $43K | 9.18% |
| Evercore Group L.L.C. | $33K | 6.95% |
| Piper Sandler & Co. | $30K | 6.32% |
| J.P. Morgan Securities LLC | $27K | 5.74% |
RSEKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $2.9M | 19.86% |
| Macquarie Capital (USA) Inc. | $2.5M | 17.60% |
| J.P. Morgan Securities LLC | $2.4M | 16.75% |
| Truist Securities, Inc. | $2.2M | 15.11% |
| Goldman Sachs & Co. LLC | $1.8M | 12.23% |
| Evercore Group L.L.C. | $1.6M | 10.80% |
| BofA Securities, Inc. | $892K | 6.18% |
| Piper Sandler & Co. | $212K | 1.47% |
Victory RS Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSEJX | Class R6 | 1.06% | none |
| RSYEX | Class Y | 1.13% | none |
| RSEGX | Class A | 1.40% | 5.75% |
| RSEKX | Class R | 1.86% | none |
| REGWX | Class C | 2.16% | 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.