USGIX Fees and Costs — Victory Growth & Income Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 0.92%: a 0.37% management fee, a 0.25% 12b-1 fee plus 2.89% other expenses, less a 2.59% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $577K in broker commissions, 0.0274% of average net assets, and portfolio turnover was 45%.
USGIX Fees and Expenses
Annual operating expenses and sales charges of USGIX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.89% |
| Gross expense ratio | 3.51% |
| Fee waiver | −2.59% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
USGIX Costs Over Time
On $10,000 invested in USGIX, assuming 5% a year before costs, total costs come to $1,293 over 5 years, cutting the return by 2.22% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.92%) | $91 | $284 | $493 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $29 | $105 | $210 |
| Total costs | $698 | $973 | $1,293 |
| Value after costs | $9,802 | $10,603 | $11,470 |
| Impact on return, per year | 6.98% | 3.03% | 2.22% |
USGIX 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): 0.0274%
- Total broker commissions: $577K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $861K
- Net income from securities lending: $24K (0.001% of average net assets)
USGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $141K | 27.02% |
| Susquehanna Securities | $130K | 24.88% |
| RBC Capital Markets, LLC | $73K | 13.99% |
| Academy Securities Inc. | $61K | 11.70% |
| Goldman Sachs & Co. LLC | $55K | 10.62% |
| Jefferies LLC | $24K | 4.56% |
| Virtu Americas LLC | $13K | 2.58% |
| BofA Securities, Inc. | $11K | 2.02% |
| Robert W. Baird & Co. Incorporated | $7K | 1.36% |
| Evercore Group L.L.C. | $7K | 1.27% |
Victory Growth & Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| USGRX | Shares | 0.83% | none |
| UIGIX | Institutional Shares | 0.85% | none |
| USGIX | Class A | 0.92% | 5.75% |
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.