RSYYX Fees and Costs — Victory High Yield Fund, Class Y
Data updated: 2026-08-26
The net expense ratio is 0.78% (0.90% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $21K in broker commissions, 0.0166% of average net assets, and portfolio turnover was 78%.
RSYYX Fees and Expenses
Annual operating expenses and sales charges of RSYYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.78% |
| 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 |
RSYYX Costs Over Time
On $10,000 invested in RSYYX, assuming 5% a year before costs, total costs come to $500 over 5 years, cutting the return by 0.84% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $274 | $500 |
| Value after costs | $10,416 | $11,302 | $12,263 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
RSYYX 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): 0.0166%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $955.2M
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $58K (0.047% of average net assets)
RSYYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital LLC | $10K | 47.36% |
| Susquehanna Securities | $6K | 27.27% |
| Jane Street Capital, LLC | $3K | 15.23% |
| Barclays Capital Inc. | $1K | 6.50% |
| Virtu Americas LLC | $600 | 2.90% |
| BofA Securities, Inc. | $150 | 0.73% |
RSYYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $274.4M | 30.80% |
| J.P. Morgan Securities LLC | $154.0M | 17.29% |
| Wells Fargo Securities, LLC | $103.4M | 11.61% |
| RBC Capital Markets, LLC | $85.1M | 9.55% |
| MUFG Securities Americas Inc. | $77.1M | 8.65% |
| Goldman Sachs & Co. LLC | $67.1M | 7.53% |
| Mizuho Securities USA LLC | $55.9M | 6.28% |
| Truist Securities, Inc. | $29.6M | 3.32% |
| Citigroup Global Markets Inc. | $27.5M | 3.09% |
| Jefferies LLC | $16.6M | 1.87% |
Victory High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RSYYX | Class Y | 0.78% | none |
| GUHYX | Class A | 1.02% | 2.25% |
| RHYKX | Class R | 1.37% | none |
| RHYCX | Class C | 1.72% | 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.