USSPX Fees and Costs — Victory 500 Index Fund, Member Shares
Data updated: 2026-09-29
The net expense ratio is 0.22%: a 0.10% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $110K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 3%.
USSPX Fees and Expenses
Annual operating expenses and sales charges of USSPX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.22% |
| Fee waiver | — |
| Net expense ratio | 0.22% |
| 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 |
USSPX Costs Over Time
On $10,000 invested in USSPX, assuming 5% a year before costs, total costs come to $140 over 5 years, cutting the return by 0.23% 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 0.22%) | $23 | $73 | $127 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $77 | $140 |
| Value after costs | $10,477 | $11,500 | $12,623 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
USSPX 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): 0.0008%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $9.9M
- Net income from securities lending: $1.5M (0.011% of average net assets)
USSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $32K | 28.98% |
| Citigroup Global Markets Inc. | $23K | 21.18% |
| Morgan Stanley & Co. LLC | $17K | 15.69% |
| J.P. Morgan Securities LLC | $9K | 8.38% |
| Susquehanna Securities | $9K | 7.97% |
| Jefferies LLC | $7K | 6.51% |
| Jane Street Capital, LLC | $5K | 4.18% |
| Goldman Sachs & Co. LLC | $4K | 3.29% |
| UBS Securities LLC | $3K | 2.63% |
| Citadel Securities LLC | $1K | 1.20% |
Victory 500 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 |
|---|---|---|---|
| USPRX | Reward Shares | 0.15% | none |
| USSPX | Member Shares | 0.22% | 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.