VSOIX Fees and Costs — Victory Sycamore Small Company Opportunity Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.90%: a 0.76% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.9M in broker commissions, 0.0771% of average net assets, and portfolio turnover was 50%.
VSOIX Fees and Expenses
Annual operating expenses and sales charges of VSOIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 | No |
| Waived fees subject to recoupment | No |
VSOIX Costs Over Time
On $10,000 invested in VSOIX, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.03% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $611 |
| Value after costs | $10,397 | $11,240 | $12,151 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
VSOIX 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): 0.0771%
- Total broker commissions: $3.9M
- Bought from dealers (principal trades, not a cost): $8.5M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $66.1M
- Net income from securities lending: $187K (0.004% of average net assets)
VSOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $500K | 17.66% |
| Goldman Sachs & Co. LLC | $408K | 14.41% |
| Stifel, Nicolaus & Company, Incorporated | $362K | 12.78% |
| Macquarie Capital (USA) Inc. | $310K | 10.94% |
| BofA Securities, Inc. | $289K | 10.19% |
| Jefferies LLC | $270K | 9.52% |
| Stephens Inc. | $213K | 7.53% |
| Robert W. Baird & Co. Incorporated | $174K | 6.16% |
| Barclays Capital Inc. | $174K | 6.14% |
| Cowen and Company, LLC | $132K | 4.66% |
VSOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $8.5M | 100.00% |
Victory Sycamore Small Company Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VSORX | Class R6 | 0.85% | none |
| VSOIX | Class I | 0.90% | none |
| VSOYX | Class Y | 0.95% | none |
| SSGSX | Class A | 1.23% | 5.75% |
| GOGFX | Class R | 1.44% | 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.