USCRX Fees and Costs — Victory Cornerstone Moderately Aggressive Fund
Data updated: 2026-07-27
The net expense ratio is 1.08% (1.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.0M in broker commissions, 0.0728% of average net assets, and portfolio turnover was 117%.
USCRX Fees and Expenses
Annual operating expenses and sales charges of USCRX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.08% |
| 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 | No |
USCRX Costs Over Time
On $10,000 invested in USCRX, assuming 5% a year before costs, total costs come to $719 over 5 years, cutting the return by 1.21% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $719 |
| Value after costs | $10,379 | $11,180 | $12,044 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
USCRX 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): 0.0728%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $14.9M
- Portfolio turnover (prospectus): 117%
- Securities on loan, average value: $120.4M
- Net income from securities lending: $719K (0.026% of average net assets)
USCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $782K | 38.86% |
| Wallachbeth Capital LLC | $488K | 24.26% |
| Citadel Securities LLC | $315K | 15.66% |
| Susquehanna Securities | $151K | 7.51% |
| Academy Securities Inc. | $94K | 4.68% |
| Virtu Americas LLC | $83K | 4.15% |
| RBC Capital Markets, LLC | $52K | 2.59% |
| Goldman Sachs & Co. LLC | $20K | 0.98% |
| Amerivet Securities, Inc. | $14K | 0.68% |
| BofA Securities, Inc. | $13K | 0.64% |
USCRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Academy Securities Inc. | $14.9M | 100.00% |
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.