THBIX Fees and Costs — Victory THB US Small Opportunities Fund, Class I
Data updated: 2025-05-29
The net expense ratio is 1.25%: a 1.15% management fee plus 0.53% other expenses, less a 0.43% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $40K in broker commissions, 0.2362% of average net assets, and portfolio turnover was 87%.
THBIX Fees and Expenses
Annual operating expenses and sales charges of THBIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.43% |
| Net expense ratio | 1.25% |
| 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 |
THBIX Costs Over Time
On $10,000 invested in THBIX, assuming 5% a year before costs, total costs come to $921 over 5 years, cutting the return by 1.56% 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 1.25%) | $131 | $407 | $703 |
| Trading costs (broker commissions) | $25 | $77 | $133 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $509 | $921 |
| Value after costs | $10,344 | $11,068 | $11,842 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
THBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.2362%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $4K
- Portfolio turnover (prospectus): 87%
- Securities on loan, average value: $117K
- Net income from securities lending: $7K (0.043% of average net assets)
THBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $15K | 37.31% |
| BBVA SECURITIES INC | $11K | 28.53% |
| Janney Montgomery Scott LLC | $5K | 12.35% |
| JonesTrading Institutional Services LLC | $4K | 9.03% |
| William Blair & Company, L.L.C. | $2K | 4.22% |
| BofA Securities, Inc. | $2K | 3.87% |
| Academy Securities Inc. | $736 | 1.87% |
| Barclays Capital Inc. | $569 | 1.45% |
| RBC Capital Markets, LLC | $377 | 0.96% |
| Liquidnet, Inc. | $159 | 0.41% |
THBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company, L.L.C. | $4K | 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.