UIVM Fees and Costs — VictoryShares International Value Momentum ETF
Data updated: 2026-09-11
The net expense ratio is 0.35%: a 0.25% management fee plus 0.14% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $542K in broker commissions, 0.1841% of average net assets, and portfolio turnover was 99%.
UIVM Fees and Expenses
Annual operating expenses and sales charges of UIVM. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
UIVM Costs Over Time
On $10,000 invested in UIVM, assuming 5% a year before costs, total costs come to $337 over 5 years, cutting the return by 0.56% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $19 | $61 | $106 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $337 |
| Value after costs | $10,444 | $11,392 | $12,426 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
UIVM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1841%
- Total broker commissions: $542K
- Bought from dealers (principal trades, not a cost): $89.9M
- Portfolio turnover (prospectus): 99%
- Securities on loan, average value: $10.3M
- Net income from securities lending: $66K (0.022% of average net assets)
UIVM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $282K | 52.05% |
| UBS Securities LLC | $145K | 26.66% |
| BofA Securities, Inc. | $110K | 20.29% |
| Goldman Sachs & Co. LLC | $2K | 0.39% |
| HSBC Securities (USA) Inc. | $1K | 0.26% |
| J.P. Morgan Securities LLC | $1K | 0.21% |
| BNY Mellon Capital Markets, LLC | $623 | 0.11% |
| Morgan Stanley & Co. LLC | $114 | 0.02% |
| Loop Capital Markets LLC | $56 | 0.01% |
| Jefferies LLC | $14 | 0.00% |
UIVM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $69.6M | 77.42% |
| J.P. Morgan Securities LLC | $14.3M | 15.90% |
| Morgan Stanley & Co. LLC | $6.0M | 6.68% |
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.