STRKX Fees and Costs — Victory Pioneer Strategic Income Fund, Class R6
Data updated: 2026-08-25
The net expense ratio is 0.59%: a 0.56% management fee plus 0.09% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $283K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 52%.
STRKX Fees and Expenses
Annual operating expenses and sales charges of STRKX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.59% |
| 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 | No |
STRKX Costs Over Time
On $10,000 invested in STRKX, assuming 5% a year before costs, total costs come to $377 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $207 | $377 |
| Value after costs | $10,437 | $11,370 | $12,385 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
STRKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0084%
- Total broker commissions: $283K
- Bought from dealers (principal trades, not a cost): $25.8B
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
STRKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $281K | 99.47% |
| BARCLAYS CAPITAL, INC. | $1K | 0.46% |
| Stifel, Nicolaus & Company, Incorporated | $180 | 0.06% |
STRKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $13.9B | 57.63% |
| Bank of Montreal | $3.3B | 13.77% |
| MORGAN STANLEY & CO. LLC | $2.4B | 9.87% |
| BARCLAYS CAPITAL, INC. | $1.1B | 4.45% |
| J.P. Morgan Securities LLC | $829.2M | 3.44% |
| GOLDMAN SACHS & CO. LLC | $770.2M | 3.19% |
| Mizuho Securities USA LLC | $609.3M | 2.53% |
| CitiGroup Global Markets Inc. | $437.8M | 1.81% |
| BNP PARIBAS SECURITIES CORP. | $427.4M | 1.77% |
| BMO CAPITAL MARKETS CORP. | $372.6M | 1.54% |
Victory Pioneer Strategic 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 |
|---|---|---|---|
| STRKX | Class R6 | 0.59% | none |
| STRYX | Class Y | 0.69% | none |
| PSRAX | Class A | 1.07% | 2.25% |
| STIRX | Class R | 1.34% | none |
| PSRCX | Class C | 1.69% | 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.