URGSX Fees and Costs — Victory Government Securities Fund
Data updated: 2026-07-27
The net expense ratio is 0.28%: a 0.15% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 20%.
URGSX Fees and Expenses
Annual operating expenses and sales charges of URGSX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
URGSX Costs Over Time
On $10,000 invested in URGSX, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% 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 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
URGSX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $75K
- Net income from securities lending: $88 (0.000% of average net assets)
URGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $2.3B | 89.82% |
| Robert W. Baird & Co. Incorporated | $69.3M | 2.74% |
| J.P. Morgan Securities LLC | $37.2M | 1.47% |
| Academy Securities Inc. | $33.2M | 1.31% |
| Goldman Sachs & Co. LLC | $31.9M | 1.26% |
| First Horizon Bank | $21.4M | 0.85% |
| StoneX Financial Inc. | $20.2M | 0.80% |
| Wells Fargo Securities, LLC | $17.1M | 0.68% |
| Deutsche Bank Securities Inc. | $13.6M | 0.54% |
| Barclays Capital Inc. | $13.3M | 0.53% |
Victory Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| URGSX | Victory Government Securities R6 Shares | 0.28% | none |
| UIGSX | Institutional Shares | 0.40% | none |
| USGNX | Shares | 0.48% | 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.