UIEMX Fees and Costs — Victory Emerging Markets Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 1.32%: a 1.03% management fee plus 0.34% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.0M in broker commissions, 0.1746% of average net assets, and portfolio turnover was 84%.
UIEMX Fees and Expenses
Annual operating expenses and sales charges of UIEMX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.32% |
| 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 |
UIEMX Costs Over Time
On $10,000 invested in UIEMX, assuming 5% a year before costs, total costs come to $926 over 5 years, cutting the return by 1.57% 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 1.32%) | $139 | $430 | $742 |
| Trading costs (broker commissions) | $18 | $57 | $98 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $511 | $926 |
| Value after costs | $10,343 | $11,065 | $11,837 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
UIEMX 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): 0.1746%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $13.0M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $38K (0.006% of average net assets)
UIEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $379K | 44.20% |
| KB Investment & Securities Co., Ltd. | $77K | 8.92% |
| Citigroup Global Markets Inc. | $63K | 7.28% |
| UBS Securities LLC | $57K | 6.65% |
| Griffinest Asia Securities, LLC | $53K | 6.13% |
| Macquarie Capital (USA) Inc. | $49K | 5.65% |
| BofA Securities, Inc. | $48K | 5.55% |
| CLSA Americas, LLC | $45K | 5.24% |
| HSBC Securities (USA) Inc. | $45K | 5.21% |
| J.P. Morgan Securities LLC | $44K | 5.18% |
UIEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12.8M | 98.40% |
| J.P. Morgan Securities LLC | $208K | 1.60% |
Victory Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| UIEMX | Institutional Shares | 1.32% | none |
| USEMX | Shares | 1.50% | 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.