RSNRX Fees and Costs — Victory Global Energy Transition Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.48%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $633K in broker commissions, 0.1714% of average net assets, and portfolio turnover was 50%.
RSNRX Fees and Expenses
Annual operating expenses and sales charges of RSNRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.48% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
RSNRX Costs Over Time
On $10,000 invested in RSNRX, assuming 5% a year before costs, total costs come to $1,695 over 5 years, cutting the return by 2.95% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.48%) | $146 | $454 | $782 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $29 | $116 | $248 |
| Total costs | $767 | $1,197 | $1,695 |
| Value after costs | $9,733 | $10,379 | $11,068 |
| Impact on return, per year | 7.67% | 3.75% | 2.95% |
RSNRX 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): 0.1714%
- Total broker commissions: $633K
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $11.3M
- Net income from securities lending: $482K (0.130% of average net assets)
RSNRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $135K | 22.12% |
| UBS Securities LLC | $107K | 17.57% |
| BMO Capital Markets Corp. | $101K | 16.62% |
| Goldman Sachs & Co. LLC | $90K | 14.70% |
| Liquidnet, Inc. | $58K | 9.48% |
| Citigroup Global Markets Inc. | $46K | 7.48% |
| BofA Securities, Inc. | $28K | 4.65% |
| J.P. Morgan Securities LLC | $22K | 3.55% |
| BNP Paribas Securities Corp. | $13K | 2.18% |
| Morgan Stanley & Co. LLC | $10K | 1.65% |
RSNRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $2.6M | 81.10% |
| Sunrise Metals | $601K | 18.90% |
Victory Global Energy Transition Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSNYX | Class Y | 1.15% | none |
| RSNRX | Class A | 1.48% | 5.75% |
| RGNCX | Class C | 2.28% | 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.