USNYX Fees and Costs — Victory New York Bond Fund
Data updated: 2026-07-27
The net expense ratio is 0.65%: a 0.44% management fee plus 0.33% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 8%.
USNYX Fees and Expenses
Annual operating expenses and sales charges of USNYX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.65% |
| 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 |
USNYX Costs Over Time
On $10,000 invested in USNYX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
USNYX 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): $72.3M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
USNYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $45.2M | 62.98% |
| Barclays Capital Inc. | $6.4M | 8.90% |
| BofA Securities, Inc. | $5.9M | 8.26% |
| Wells Fargo Securities, LLC | $5.3M | 7.40% |
| Samuel A. Ramirez & Company, Inc. | $2.2M | 3.06% |
| SWBC Investment Services, LLC | $2.1M | 2.95% |
| Loop Capital Markets LLC | $1.7M | 2.43% |
| Amerivet Securities, Inc. | $1.2M | 1.73% |
| J.P. Morgan Securities LLC | $991K | 1.38% |
| ICE Securities Execution & Clearing, LLC | $652K | 0.91% |
Victory New York 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 |
|---|---|---|---|
| UNYIX | Institutional Shares | 0.60% | none |
| USNYX | Victory New York Bond - Fund Shares | 0.65% | 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.