VEVYX Fees and Costs — Victory Sycamore Established Value Fund, Class Y
Data updated: 2026-09-11
The net expense ratio is 0.66%: a 0.45% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7.6M in broker commissions, 0.0465% of average net assets, and portfolio turnover was 45%.
VEVYX Fees and Expenses
Annual operating expenses and sales charges of VEVYX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
VEVYX Costs Over Time
On $10,000 invested in VEVYX, assuming 5% a year before costs, total costs come to $445 over 5 years, cutting the return by 0.74% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $244 | $445 |
| Value after costs | $10,426 | $11,333 | $12,318 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
VEVYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0465%
- Total broker commissions: $7.6M
- Bought from dealers (principal trades, not a cost): $34.4M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $27.9M
- Net income from securities lending: $32K (0.000% of average net assets)
VEVYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $924K | 17.79% |
| KeyBanc Capital Markets Inc. | $736K | 14.17% |
| Jefferies LLC | $592K | 11.40% |
| Goldman Sachs & Co. LLC | $589K | 11.34% |
| Robert W. Baird & Co. Incorporated | $578K | 11.12% |
| Macquarie Capital (USA) Inc. | $546K | 10.50% |
| Stifel, Nicolaus & Company, Incorporated | $363K | 6.99% |
| Barclays Capital Inc. | $356K | 6.86% |
| Stephens Inc. | $267K | 5.13% |
| Wells Fargo Securities, LLC | $244K | 4.69% |
VEVYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $34.4M | 100.00% |
Victory Sycamore Established Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VEVRX | Class R6 | 0.54% | none |
| VEVIX | Class I | 0.58% | none |
| VEVYX | Class Y | 0.66% | none |
| VETAX | Class A | 0.89% | 5.75% |
| GETGX | Class R | 1.09% | none |
| VEVCX | Class C | 1.70% | 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.