VFGAX Fees and Costs — Victory NewBridge Large Cap Growth Fund, Class A
Data updated: 2022-11-29
The net expense ratio is 1.36%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.77% other expenses, less a 0.41% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $2K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 28%.
VFGAX Fees and Expenses
Annual operating expenses and sales charges of VFGAX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.77% |
| Fee waiver | −0.41% |
| Net expense ratio | 1.36% |
| 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 |
VFGAX Costs Over Time
On $10,000 invested in VFGAX, assuming 5% a year before costs, total costs come to $1,538 over 5 years, cutting the return by 2.66% 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 1.36%) | $135 | $418 | $723 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $29 | $112 | $233 |
| Total costs | $740 | $1,110 | $1,538 |
| Value after costs | $9,760 | $10,467 | $11,224 |
| Impact on return, per year | 7.40% | 3.47% | 2.66% |
VFGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0151%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $137K
- Net income from securities lending: $57 (0.000% of average net assets)
VFGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Evercore Group L.L.C. | $498 | 27.73% |
| William Blair & Company, L.L.C. | $286 | 15.94% |
| SunTrust Robinson Humphrey | $215 | 11.98% |
| RBC Capital Markets, LLC | $199 | 11.10% |
| Cowen and Company, LLC | $127 | 7.10% |
| MKM Partners LLC | $126 | 7.03% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $108 | 5.99% |
| KeyCorp | $108 | 5.99% |
| J.P. Morgan Securities LLC | $70 | 3.89% |
| UBS Securities LLC | $58 | 3.25% |
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.