UGIEX Fees and Costs — Victory Global Equity Income Fund
Data updated: 2026-07-27
The net expense ratio is 1.02%: a 0.52% management fee plus 0.55% 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, 0.0190% of average net assets, and portfolio turnover was 16%.
UGIEX Fees and Expenses
Annual operating expenses and sales charges of UGIEX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.02% |
| 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 | Yes |
UGIEX Costs Over Time
On $10,000 invested in UGIEX, assuming 5% a year before costs, total costs come to $649 over 5 years, cutting the return by 1.09% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $357 | $649 |
| Value after costs | $10,391 | $11,219 | $12,113 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
UGIEX 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): 0.0190%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $260K
- Net income from securities lending: $1K (0.002% of average net assets)
UGIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $10K | 80.03% |
| Goldman Sachs & Co. LLC | $838 | 6.48% |
| RBC Capital Markets, LLC | $538 | 4.16% |
| Jefferies LLC | $277 | 2.14% |
| Penserra Securities LLC | $245 | 1.90% |
| Susquehanna Securities | $215 | 1.66% |
| Macquarie Capital (USA) Inc. | $189 | 1.46% |
| BNP Paribas Securities Corp. | $170 | 1.31% |
| Morgan Stanley & Co. LLC | $64 | 0.50% |
| Amerivet Securities, Inc. | $44 | 0.34% |
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.