RSMYX Fees and Costs — Victory Sophus Emerging Markets Small Cap Fund, Class Y
Data updated: 2021-05-26
The net expense ratio is 1.50%: a 1.25% management fee plus 2.77% other expenses, less a 2.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $21K in broker commissions, 0.4721% of average net assets, and portfolio turnover was 112%.
RSMYX Fees and Expenses
Annual operating expenses and sales charges of RSMYX. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.77% |
| Gross expense ratio | 4.02% |
| Fee waiver | −2.52% |
| Net expense ratio | 1.50% |
| 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 |
RSMYX Costs Over Time
On $10,000 invested in RSMYX, 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 1.50%) | $158 | $486 | $835 |
| Trading costs (broker commissions) | $50 | $153 | $263 |
| 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% |
RSMYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.4721%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 112%
- Securities on loan, average value: $44K
- Net income from securities lending: $861 (0.020% of average net assets)
RSMYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $7K | 35.73% |
| MACQUARIE CAPITAL (USA) INC. | $2K | 9.63% |
| S.G WARBURG & CO., INC. | $2K | 9.37% |
| HSBC SECURITIES (USA) INC | $2K | 9.27% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $2K | 8.60% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $1K | 7.79% |
| CLSA AMERICAS, LLC | $1K | 6.47% |
| HAMBRECTH & QUIST | $1K | 5.75% |
| BARCLAYS CAPITAL INC. | $728 | 3.93% |
| CREDIT SUISSE SECURITIES (USA) LLC | $639 | 3.46% |
RSMYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $2.9M | 100.00% |
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.