URUSX Fees and Costs — Victory Ultra Short-Term Bond Fund, Class R6
Data updated: 2026-09-29
The net expense ratio is 0.43%: a 0.28% management fee plus 0.30% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 28%.
URUSX Fees and Expenses
Annual operating expenses and sales charges of URUSX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.43% |
| 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 |
URUSX Costs Over Time
On $10,000 invested in URUSX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
URUSX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $13K (0.004% of average net assets)
URUSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $679.9M | 22.91% |
| J.P. Morgan Securities LLC | $489.6M | 16.50% |
| Wells Fargo Securities, LLC | $471.6M | 15.89% |
| RBC Capital Markets, LLC | $260.2M | 8.77% |
| Goldman Sachs & Co. LLC | $249.4M | 8.40% |
| MUFG Securities Americas Inc. | $247.0M | 8.32% |
| Mizuho Securities USA LLC | $223.8M | 7.54% |
| Citigroup Global Markets Inc. | $158.0M | 5.32% |
| Truist Securities, Inc. | $96.3M | 3.25% |
| Barclays Capital Inc. | $91.7M | 3.09% |
Victory Ultra Short-Term Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| URUSX | Class R6 | 0.43% | none |
| UUSIX | Institutional Shares | 0.60% | none |
| UUSTX | Shares | 0.61% | none |
| USBAX | Class A | 0.85% | 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.