RSMMX Fees and Costs — Victory RS Small Cap Equity Fund, Member Class
Data updated: 2025-05-29
The net expense ratio is 1.15%: a 0.75% management fee plus 1.51% other expenses, less a 1.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $98K in broker commissions, 0.2886% of average net assets, and portfolio turnover was 192%.
RSMMX Fees and Expenses
Annual operating expenses and sales charges of RSMMX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.51% |
| Gross expense ratio | 2.26% |
| Fee waiver | −1.11% |
| Net expense ratio | 1.15% |
| 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 |
RSMMX Costs Over Time
On $10,000 invested in RSMMX, assuming 5% a year before costs, total costs come to $892 over 5 years, cutting the return by 1.51% 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 1.15%) | $121 | $375 | $647 |
| Trading costs (broker commissions) | $30 | $94 | $162 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $892 |
| Value after costs | $10,349 | $11,084 | $11,871 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
RSMMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2886%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 192%
- Securities on loan, average value: $260K
- Net income from securities lending: $526 (0.002% of average net assets)
RSMMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $12K | 17.25% |
| Stifel, Nicolaus & Company, Incorporated | $11K | 14.72% |
| William Blair & Company, L.L.C. | $11K | 14.66% |
| BofA Securities, Inc. | $9K | 12.59% |
| J.P. Morgan Securities LLC | $8K | 11.38% |
| Liquidnet, Inc. | $5K | 6.97% |
| Robert W. Baird & Co. Incorporated | $5K | 6.89% |
| Evercore Group L.L.C. | $4K | 5.92% |
| Jefferies LLC | $4K | 5.75% |
| Piper Sandler & Co. | $3K | 3.88% |
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.