Expense Ratio History

USCGX expense ratio history

Victory Capital Growth Fund (Formerly USAA Capital Growth Fund), Victory Capital Growth Fund Shares

Fund company
USAA
Type
Mutual fund

1.09%

In basis points
109 basis points
Yearly cost per $10,000
$109
Prospectus dated
1 September 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.13% on 1 September 2025

Fee over time

USCGX expense ratio: 1.28% until 1 Dec 2015, then 1.23%; 1.23% until 1 Dec 2016, then 1.24%; 1.24% until 1 Dec 2017, then 1.21%; 1.21% until 1 Dec 2018, then 1.15%; 1.15% until 1 Jul 2019, then 1.12%; 1.12% until 1 Dec 2020, then 1.13%; 1.13% until 1 Dec 2021, then 1.07%; 1.07% until 1 Dec 2022, then 1.08%; 1.08% until 1 Sep 2023, then 1.16%; 1.16% until 1 Sep 2024, then 1.13%; 1.13% until 1 Sep 2025, then 1.09%; read at 1.09% on 1 Sep 2025.0.00%0.50%1.00%1.50%2.00%Aug 2015May 2017Feb 2019Nov 2020Aug 2022May 20241.28% before1.09% from 1 Sep 2025
USCGX expense ratio: 1.28% until 1 Dec 2015, then 1.23%; 1.23% until 1 Dec 2016, then 1.24%; 1.24% until 1 Dec 2017, then 1.21%; 1.21% until 1 Dec 2018, then 1.15%; 1.15% until 1 Jul 2019, then 1.12%; 1.12% until 1 Dec 2020, then 1.13%; 1.13% until 1 Dec 2021, then 1.07%; 1.07% until 1 Dec 2022, then 1.08%; 1.08% until 1 Sep 2023, then 1.16%; 1.16% until 1 Sep 2024, then 1.13%; 1.13% until 1 Sep 2025, then 1.09%; read at 1.09% on 1 Sep 2025.0.00%0.50%1.00%1.50%2.00%Aug 2015Jan 2019Jun 20221.28% before1.09% from 1 Sep 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.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
USCGX (this page) Victory Capital Growth Fund Shares 1.09% — 1 Sep 2025
UICGX Victory Capital Growth Fund Institutional Shares 1.83% 1.13% 1 Sep 2025

Every figure we've recorded

DateFeeWhat happened
1 Sep 2025 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2025 1.09% Cut from 1.13% to 1.09%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-08-27
1 Sep 2024 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2024 1.13% Cut from 1.16% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-08-27
1 Sep 2023 1.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-09-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Sep 2023 1.16% Raised from 1.08% to 1.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-08-29
1 Dec 2022 1.08% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2022 1.08% Raised from 1.07% to 1.08%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-11-28
1 Dec 2021 1.07% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2021 1.07% Cut from 1.13% to 1.07%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-11-24
1 Dec 2020 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2020 1.13% Raised from 1.12% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-11-25
1 Dec 2019 1.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Jul 2019 1.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-07-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Jul 2019 1.12% Cut from 1.15% to 1.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-07-18
1 Dec 2018 1.15% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2018 1.15% Cut from 1.21% to 1.15%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-12-21
1 Dec 2017 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2017 1.21% Cut from 1.24% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-12-13
1 Dec 2016 1.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2016 1.24% Raised from 1.23% to 1.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-12-16
1 Dec 2015 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-12-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Dec 2015 1.23% Cut from 1.28% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-12-21
7 Aug 2015 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-08-07 (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 1.09% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,334 in fees over 10 years

After fees, $10,000 grows to $14,636.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$112
3 years$348
5 years$604
10 years$1,334

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 13 prospectuses for this share class since 2015. Each one is listed above with a link to the filing.

How we read fees

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