USNQX Fees and Costs — Victory Nasdaq-100 Index Fund, Shares
Data updated: 2026-09-29
The net expense ratio is 0.42%: a 0.20% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $103K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 11%.
USNQX Fees and Expenses
Annual operating expenses and sales charges of USNQX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
USNQX Costs Over Time
On $10,000 invested in USNQX, assuming 5% a year before costs, total costs come to $267 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $267 |
| Value after costs | $10,456 | $11,431 | $12,496 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
USNQX 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): 0.0013%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $11.1M
- Net income from securities lending: $19K (0.000% of average net assets)
USNQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $37K | 36.04% |
| Goldman Sachs & Co. LLC | $31K | 29.71% |
| Susquehanna Securities | $12K | 11.23% |
| BofA Securities, Inc. | $7K | 7.01% |
| Jefferies LLC | $5K | 4.88% |
| J.P. Morgan Securities LLC | $4K | 3.71% |
| RBC Capital Markets, LLC | $4K | 3.54% |
| UBS Securities LLC | $2K | 2.21% |
| HSBC Securities (USA) Inc. | $2K | 1.67% |
Victory Nasdaq-100 Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| URNQX | Class R6 | 0.29% | none |
| USNQX | Shares | 0.42% | none |
| UINQX | Institutional Shares | 0.43% | none |
| UANQX | Class A | 0.70% | 2.25% |
| UCNQX | Class C | 1.45% | 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.