UAEMX Fees and Costs — Victory Emerging Markets Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.24%: a 0.49% management fee, a 0.25% 12b-1 fee plus 10.47% other expenses, less a 9.97% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.1746% of average net assets, and portfolio turnover was 84%.
UAEMX Fees and Expenses
Annual operating expenses and sales charges of UAEMX. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.25% |
| Other expenses | 10.47% |
| Gross expense ratio | 11.21% |
| Fee waiver | −9.97% |
| Net expense ratio | 1.24% |
| 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 |
UAEMX Costs Over Time
On $10,000 invested in UAEMX, assuming 5% a year before costs, total costs come to $1,561 over 5 years, cutting the return by 2.70% 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 1.24%) | $123 | $381 | $658 |
| Trading costs (broker commissions) | $17 | $54 | $93 |
| Lost growth on money paid in costs | $29 | $112 | $235 |
| Total costs | $744 | $1,122 | $1,561 |
| Value after costs | $9,756 | $10,454 | $11,202 |
| Impact on return, per year | 7.44% | 3.51% | 2.70% |
UAEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1746%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $13.0M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $38K (0.006% of average net assets)
UAEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $379K | 44.20% |
| KB Investment & Securities Co., Ltd. | $77K | 8.92% |
| Citigroup Global Markets Inc. | $63K | 7.28% |
| UBS Securities LLC | $57K | 6.65% |
| Griffinest Asia Securities, LLC | $53K | 6.13% |
| Macquarie Capital (USA) Inc. | $49K | 5.65% |
| BofA Securities, Inc. | $48K | 5.55% |
| CLSA Americas, LLC | $45K | 5.24% |
| HSBC Securities (USA) Inc. | $45K | 5.21% |
| J.P. Morgan Securities LLC | $44K | 5.18% |
UAEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12.8M | 98.40% |
| J.P. Morgan Securities LLC | $208K | 1.60% |
Victory Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UAEMX | Class A | 1.24% | 5.75% |
| UIEMX | Institutional Shares | 1.32% | none |
| USEMX | Shares | 1.50% | 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.