VSDA Fees and Costs — VictoryShares Dividend Accelerator ETF
Data updated: 2026-09-11
The net expense ratio is 0.35%: a 0.30% management fee plus 0.10% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $60K in broker commissions, 0.0257% of average net assets, and portfolio turnover was 39%.
VSDA Fees and Expenses
Annual operating expenses and sales charges of VSDA. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.10% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VSDA Costs Over Time
On $10,000 invested in VSDA, assuming 5% a year before costs, total costs come to $238 over 5 years, cutting the return by 0.39% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $238 |
| Value after costs | $10,461 | $11,446 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
VSDA 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): 0.0257%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $43.2M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $1K (0.001% of average net assets)
VSDA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $26K | 42.85% |
| Citadel Securities LLC | $13K | 22.40% |
| Jane Street Capital, LLC | $12K | 19.96% |
| UBS Securities LLC | $8K | 13.91% |
| Goldman Sachs & Co. LLC | $272 | 0.45% |
| Amerivet Securities, Inc. | $164 | 0.27% |
| Susquehanna Securities | $66 | 0.11% |
| RBC Capital Markets, LLC | $33 | 0.05% |
VSDA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $32.3M | 74.84% |
| RBC Capital Markets, LLC | $5.6M | 12.88% |
| Goldman Sachs & Co. LLC | $2.7M | 6.25% |
| Virtu Americas LLC | $2.6M | 6.03% |
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.