UISCX Fees and Costs — Victory Small Cap Stock Fund, Institutional Shares
Data updated: 2026-09-29
The net expense ratio is 0.94%: a 0.71% management fee plus 0.25% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 0.1736% of average net assets, and portfolio turnover was 86%.
UISCX Fees and Expenses
Annual operating expenses and sales charges of UISCX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.94% |
| 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 |
UISCX Costs Over Time
On $10,000 invested in UISCX, assuming 5% a year before costs, total costs come to $695 over 5 years, cutting the return by 1.17% 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 0.94%) | $99 | $308 | $533 |
| Trading costs (broker commissions) | $18 | $57 | $98 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $695 |
| Value after costs | $10,383 | $11,194 | $12,068 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
UISCX 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): 0.1736%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $4.2M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $22.3M
- Net income from securities lending: $146K (0.018% of average net assets)
UISCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $226K | 24.63% |
| Amerivet Securities, Inc. | $164K | 17.90% |
| RBC Capital Markets, LLC | $127K | 13.80% |
| Academy Securities Inc. | $91K | 9.96% |
| Jefferies LLC | $59K | 6.43% |
| Virtu Americas LLC | $57K | 6.17% |
| Goldman Sachs & Co. LLC | $54K | 5.89% |
| Cowen and Company, LLC | $53K | 5.81% |
| Citigroup Global Markets Inc. | $44K | 4.75% |
| J.P. Morgan Securities LLC | $43K | 4.65% |
UISCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.8M | 66.94% |
| J.P. Morgan Securities LLC | $498K | 11.78% |
| William Blair & Company, L.L.C. | $179K | 4.24% |
| Stifel, Nicolaus & Company, Incorporated | $169K | 4.00% |
| RBC Capital Markets, LLC | $152K | 3.60% |
| Citigroup Global Markets Inc. | $116K | 2.74% |
| Barclays Capital Inc. | $102K | 2.40% |
| Leerink Partners LLC | $91K | 2.15% |
| UBS Securities LLC | $69K | 1.63% |
| Morgan Stanley & Co. LLC | $22K | 0.53% |
Victory Small Cap 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 |
|---|---|---|---|
| UISCX | Institutional Shares | 0.94% | none |
| USCAX | Shares | 1.01% | 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.