Expense Ratio History

ULVM expense ratio history

VictoryShares US Value Momentum ETF formerly VictoryShares USAA MSCI USA Value Momentum ETF

Fund company
Victory
Type
ETF

0.25%

In basis points
25 basis points
Yearly cost per $10,000
$25
Prospectus dated
1 November 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.26% on 1 November 2025

Fee over time

ULVM expense ratio: 0.23% until 1 Nov 2020, then 0.28%; 0.28% until 1 Nov 2021, then 0.27%; 0.27% until 1 Nov 2023, then 0.26%; 0.26% until 1 Nov 2025, then 0.25%; read at 0.25% on 1 Nov 2025.0.00%0.10%0.20%0.30%0.40%Apr 2019Jun 2020Aug 2021Oct 2022Dec 2023Feb 20250.23% before0.25% from 1 Nov 2025
ULVM expense ratio: 0.23% until 1 Nov 2020, then 0.28%; 0.28% until 1 Nov 2021, then 0.27%; 0.27% until 1 Nov 2023, then 0.26%; 0.26% until 1 Nov 2025, then 0.25%; read at 0.25% on 1 Nov 2025.0.00%0.10%0.20%0.30%0.40%Apr 2019Jul 2021Oct 20230.23% before0.25% from 1 Nov 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
1 Nov 2025 0.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2025 0.25% Cut from 0.26% to 0.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-10-24
1 Nov 2024 0.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2023 0.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2023 0.26% Cut from 0.27% to 0.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-10-26
1 Nov 2022 0.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2021 0.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2021 0.27% Cut from 0.28% to 0.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-10-26
1 Nov 2020 0.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Nov 2020 0.28% Raised from 0.23% to 0.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-10-28
1 Jan 2020 0.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-01-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
8 Apr 2019 0.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-04-08 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.25% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$318 in fees over 10 years

After fees, $10,000 grows to $15,896.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$26
3 years$81
5 years$141
10 years$318

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 8 prospectuses for this share class since 2019. Each one is listed above with a link to the filing.

How we read fees

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