UIISX Fees and Costs — Victory Income Stock Fund, Institutional Shares
Data updated: 2026-09-29
The net expense ratio is 0.73%: a 0.51% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0420% of average net assets, and portfolio turnover was 59%.
UIISX Fees and Expenses
Annual operating expenses and sales charges of UIISX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| 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 |
UIISX Costs Over Time
On $10,000 invested in UIISX, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
UIISX 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): 0.0420%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $459K
- Net income from securities lending: $10K (0.000% of average net assets)
UIISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $299K | 27.47% |
| Susquehanna Securities | $223K | 20.51% |
| Jane Street Capital, LLC | $201K | 18.50% |
| Academy Securities Inc. | $157K | 14.47% |
| Virtu Americas LLC | $157K | 14.42% |
| RBC Capital Markets, LLC | $16K | 1.43% |
| Jefferies LLC | $15K | 1.42% |
| Wallachbeth Capital LLC | $10K | 0.92% |
| Amerivet Securities, Inc. | $5K | 0.45% |
| Citadel Securities LLC | $4K | 0.41% |
Victory Income Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| USISX | Shares | 0.72% | none |
| UIISX | Institutional Shares | 0.73% | 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.