UBND Fees and Costs — VictoryShares Core Plus Bond ETF
Data updated: 2026-09-11
The net expense ratio is 0.40%: a 0.35% management fee plus 0.10% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 51%.
UBND Fees and Expenses
Annual operating expenses and sales charges of UBND. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
UBND Costs Over Time
On $10,000 invested in UBND, assuming 5% a year before costs, total costs come to $254 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $254 |
| Value after costs | $10,458 | $11,438 | $12,509 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
UBND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $5.6B
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $12.3M
- Net income from securities lending: $47K (0.003% of average net assets)
UBND Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $13K | 100.00% |
UBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.0B | 23.55% |
| BofA Securities, Inc. | $666.0M | 15.15% |
| Goldman Sachs & Co. LLC | $647.5M | 14.73% |
| Wells Fargo Securities, LLC | $569.7M | 12.96% |
| MUFG Securities Americas Inc. | $356.5M | 8.11% |
| Citigroup Global Markets Inc. | $318.7M | 7.25% |
| RBC Capital Markets, LLC | $318.4M | 7.24% |
| Barclays Capital Inc. | $178.8M | 4.07% |
| Mizuho Securities USA LLC | $173.1M | 3.94% |
| Morgan Stanley & Co. LLC | $132.3M | 3.01% |
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.