UGMVX Fees and Costs — Victory Global Managed Volatility Fund, Shares
Data updated: 2026-09-29
The net expense ratio is 0.90%: a 0.60% management fee plus 0.53% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $391K in broker commissions, 0.0922% of average net assets, and portfolio turnover was 11%.
UGMVX Fees and Expenses
Annual operating expenses and sales charges of UGMVX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.90% |
| 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 |
UGMVX Costs Over Time
On $10,000 invested in UGMVX, assuming 5% a year before costs, total costs come to $621 over 5 years, cutting the return by 1.04% 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 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $621 |
| Value after costs | $10,396 | $11,235 | $12,142 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
UGMVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0922%
- Total broker commissions: $391K
- Bought from dealers (principal trades, not a cost): $129K
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $13K (0.003% of average net assets)
UGMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $196K | 50.14% |
| Citigroup Global Markets Inc. | $89K | 22.86% |
| Jefferies LLC | $41K | 10.49% |
| UBS Securities LLC | $20K | 5.04% |
| Academy Securities Inc. | $18K | 4.73% |
| Virtu Americas LLC | $14K | 3.51% |
| Amerivet Securities, Inc. | $6K | 1.42% |
| Goldman Sachs & Co. LLC | $4K | 0.94% |
| Morgan Stanley & Co. LLC | $3K | 0.69% |
| RBC Capital Markets, LLC | $726 | 0.19% |
UGMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $129K | 100.00% |
Victory Global Managed Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UGOFX | Institutional Shares | 0.70% | none |
| UGMVX | Shares | 0.90% | 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.