VFGIX Fees and Costs — Victory NewBridge Large Cap Growth Fund, Class I
Data updated: 2022-11-29
The net expense ratio is 0.95%: a 0.75% management fee plus 0.79% other expenses, less a 0.59% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 28%.
VFGIX Fees and Expenses
Annual operating expenses and sales charges of VFGIX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.59% |
| Net expense ratio | 0.95% |
| 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 |
VFGIX Costs Over Time
On $10,000 invested in VFGIX, assuming 5% a year before costs, total costs come to $604 over 5 years, cutting the return by 1.01% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $604 |
| Value after costs | $10,399 | $11,244 | $12,159 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
VFGIX 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)
VFGIX 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.