STIIX Fees and Costs — Victory Pioneer Short Term Income Fund, Class C
Data updated: 2026-07-27
The net expense ratio is 0.99%: a 0.34% management fee, a 0.50% 12b-1 fee plus 0.17% other expenses, less a 0.02% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $28K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 31%.
STIIX Fees and Expenses
Annual operating expenses and sales charges of STIIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
STIIX Costs Over Time
On $10,000 invested in STIIX, assuming 5% a year before costs, total costs come to $621 over 5 years, cutting the return by 1.04% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 0.99%) | $104 | $324 | $563 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $208 | $341 | $621 |
| Value after costs | $10,292 | $11,235 | $12,142 |
| Impact on return, per year | 2.08% | 1.04% | 1.04% |
STIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0023%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $12.7B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
STIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $28K | 99.94% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $18 | 0.06% |
STIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.5B | 22.51% |
| CitiGroup Global Markets Inc. | $1.5B | 13.13% |
| J.P. Morgan Securities LLC | $1.5B | 13.12% |
| Mizuho Securities USA LLC | $1.4B | 12.72% |
| WELLS FARGO SECURITIES, LLC | $1.1B | 9.76% |
| RBC CAPITAL MARKETS, LLC | $855.3M | 7.70% |
| Truist Securities, Inc. | $828.0M | 7.45% |
| MUFG SECURITIES AMERICAS INC. | $618.9M | 5.57% |
| TD SECURITIES (USA) LLC | $483.1M | 4.35% |
| GOLDMAN SACHS & CO. | $410.8M | 3.70% |
Victory Pioneer Short Term Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| STIKX | Class R6 | 0.44% | none |
| PSHYX | Class Y | 0.46% | none |
| STABX | Class A | 0.73% | none |
| STIIX | Class C | 0.99% | 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.