UCRD Fees and Costs — VictoryShares Corporate Bond ETF
Data updated: 2026-09-11
The net expense ratio is 0.40%: a 0.35% management fee plus 0.12% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 16%.
UCRD Fees and Expenses
Annual operating expenses and sales charges of UCRD. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.12% |
| Gross expense ratio | 0.47% |
| Fee waiver | −0.07% |
| 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 |
UCRD Costs Over Time
On $10,000 invested in UCRD, assuming 5% a year before costs, total costs come to $253 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 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
UCRD 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $180.7M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $6K (0.004% of average net assets)
UCRD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33.4M | 21.34% |
| Wells Fargo Securities, LLC | $33.4M | 21.32% |
| Mizuho Securities USA LLC | $21.8M | 13.93% |
| BofA Securities, Inc. | $17.7M | 11.29% |
| Citigroup Global Markets Inc. | $17.2M | 10.99% |
| Truist Securities, Inc. | $9.4M | 5.99% |
| MarketAxess Corporation | $9.2M | 5.89% |
| Barclays Capital Inc. | $6.4M | 4.09% |
| MUFG Securities Americas Inc. | $4.4M | 2.81% |
| Goldman Sachs & Co. LLC | $3.7M | 2.37% |
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.