UCMCX Fees and Costs — Victory Cornerstone Moderately Conservative Fund
Data updated: 2026-07-27
The net expense ratio is 1.15% (1.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $128K in broker commissions, 0.0698% of average net assets.
UCMCX Fees and Expenses
Annual operating expenses and sales charges of UCMCX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.15% |
| 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 |
UCMCX Costs Over Time
On $10,000 invested in UCMCX, assuming 5% a year before costs, total costs come to $760 over 5 years, cutting the return by 1.28% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $418 | $760 |
| Value after costs | $10,372 | $11,158 | $12,003 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
UCMCX 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): 0.0698%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $9.7M
- Net income from securities lending: $84K (0.046% of average net assets)
UCMCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $59K | 46.12% |
| Wallachbeth Capital LLC | $30K | 23.20% |
| Citadel Securities LLC | $15K | 12.08% |
| Susquehanna Securities | $10K | 8.17% |
| Virtu Americas LLC | $10K | 7.66% |
| Goldman Sachs & Co. LLC | $1K | 1.03% |
| JonesTrading Institutional Services LLC | $687 | 0.54% |
| Amerivet Securities, Inc. | $647 | 0.51% |
| Citigroup Global Markets Inc. | $521 | 0.41% |
| Morgan Stanley & Co. LLC | $362 | 0.28% |
UCMCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Academy Securities Inc. | $1.5M | 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.