THBVX Fees and Costs — Victory THB US Small Opportunities Fund, Class A
Data updated: 2025-05-29
The net expense ratio is 1.70%: a 1.15% management fee, a 0.25% 12b-1 fee plus 1.91% other expenses, less a 1.61% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $40K in broker commissions, 0.2362% of average net assets, and portfolio turnover was 87%.
THBVX Fees and Expenses
Annual operating expenses and sales charges of THBVX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.91% |
| Gross expense ratio | 3.31% |
| Fee waiver | −1.61% |
| Net expense ratio | 1.70% |
| 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 |
THBVX Costs Over Time
On $10,000 invested in THBVX, assuming 5% a year before costs, total costs come to $1,854 over 5 years, cutting the return by 3.25% 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 1.70%) | $168 | $520 | $893 |
| Trading costs (broker commissions) | $23 | $72 | $124 |
| Lost growth on money paid in costs | $29 | $120 | $263 |
| Total costs | $795 | $1,287 | $1,854 |
| Value after costs | $9,705 | $10,289 | $10,909 |
| Impact on return, per year | 7.95% | 4.05% | 3.25% |
THBVX 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)
THBVX 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% |
THBVX 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.