SCHEDULE A TO THE EXPENSE LIMITATION AGREEMENT DATED AUGUST 1, 2013 BETWEEN VICTORY PORTFOLIOS AND VICTORY CAPITAL MANAGEMENT INC. OPERATING EXPENSE LIMITS AS OF MAY 1, 2021
SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT DATED AUGUST 1, 2013
BETWEEN
VICTORY PORTFOLIOS AND VICTORY CAPITAL MANAGEMENT INC.
OPERATING EXPENSE LIMITS AS OF MAY 1, 2021
|
October 31 FYE Funds |
Maximum Operating Expense Limit |
Date of Termination |
Effective Date of Waiver |
|
|
Victory Diversified Stock – Class C |
2.02% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Diversified Stock – Class I |
0.83% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Diversified Stock – Class R6 |
0.78% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Diversified Stock – Class Y |
0.86% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class A |
0.91% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class C |
1.71% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class I |
0.64% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class R |
0.91% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class R6 |
0.63% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Class Y |
0.71% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Fund for Income – Member Class |
0.75% |
28-Feb-22 |
10-Jun-20 |
|
|
Victory INCORE Investment Grade Convertible – Class A |
1.39% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory INCORE Investment Grade Convertible – Member Class |
1.10% |
28-Feb-22 |
10-Jun-20 |
|
|
Victory NewBridge Large Cap Growth – Class A |
1.36% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory NewBridge Large Cap Growth – Class C |
2.10% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory NewBridge Large Cap Growth – Class I |
0.95% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory NewBridge Large Cap Growth – Class Y |
1.02% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Special Value – Class C |
2.20% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Special Value – Class I |
1.15% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Special Value – Class Y |
1.10% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Sycamore Established Value – Class C |
1.84% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory Sycamore Small Company Opportunity – Class Y |
1.15% |
28-Feb-22 |
1-Mar-21 |
|
|
Victory THB US Small Opportunities Fund – Class A |
1.25% |
3-May-23 |
1-May-21 |
|
|
Victory THB US Small Opportunities Fund – Class I |
1.70% |
3-May-23 |
1-May-21 |
|
|
Fund/Class June 30 FYE Funds |
Maximum Operating Expense Limit |
Date of Termination |
Effective Date of Waiver |
|
Victory INCORE Total Return Bond Fund – Class A |
0.85% |
31-Oct-21 |
1-Nov-20 |
|
Victory INCORE Total Return Bond Fund – Class C |
1.60% |
31-Oct-21 |
1-Nov-20 |
|
Victory INCORE Total Return Bond Fund – Class R6 |
0.58% |
31-Oct-21 |
1-Nov-20 |
|
Victory INCORE Total Return Bond Fund – Class Y |
0.60% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Discovery Fund – Class A |
1.66% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Discovery Fund – Class C |
2.45% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Discovery Fund – Class R |
2.08% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Discovery Fund – Class Y |
1.44% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Discovery Fund – Member Class |
1.50% |
31-Oct-21 |
10-Jun-20 |
|
Victory Integrity Mid-Cap Value Fund – Class R6 |
0.60% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Mid-Cap Value Fund – Class A |
1.00% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Mid-Cap Value Fund – Class C |
1.75% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Mid-Cap Value Fund – Class Y |
0.75% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Mid-Cap Value Fund – Member Class |
0.85% |
31-Oct-21 |
10-June-20 |
|
Victory Integrity Small/Mid-Cap Value Fund – Class A |
1.13% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Small/Mid-Cap Value Fund – Class R6 |
0.83% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Small/Mid-Cap Value Fund – Class Y |
0.88% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Small/Mid-Cap Value Fund – Member Class |
0.95% |
31-Oct-21 |
10-Jun-20 |
|
Victory Integrity Small-Cap Value Fund – Class A |
1.50% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Small-Cap Value Fund – Class C |
2.35% |
31-Oct-21 |
1-Nov-20 |
|
Victory Integrity Small-Cap Value Fund – Class R |
1.75% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Mid-Cap Core Growth Fund – Class A |
1.32% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Mid-Cap Core Growth Fund – Class C |
2.12% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Mid-Cap Core Growth Fund – Class R |
1.57% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Multi-Cap Fund – Class C |
2.16% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Small Cap Growth – Class A |
1.40% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Small Cap Growth – Class I |
1.15% |
31-Oct-21 |
1-Nov-20 |
|
Victory Munder Small Cap Growth – Class Y |
1.25% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Fund—Core Equity – Class A |
0.95% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Fund—Core Equity – Class C |
1.70% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Fund—Core Equity – Class I |
0.60% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Fund—Core Equity – Class R6 |
0.55% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Fund—Core Equity – Class Y |
0.70% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Small-Cap Fund – Class A |
1.35% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Small-Cap Fund – Class C |
2.10% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Small-Cap Fund – Class I |
0.95% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Small-Cap Fund – Class R6 |
1.10% |
31-Oct-21 |
1-Nov-20 |
|
Victory Trivalent International Small-Cap Fund – Class Y |
1.10% |
31-Oct-21 |
1-Nov-20 |
|
Fund/Class |
Maximum Operating Expense Limit |
Date of Termination |
Effective Date of Waiver |
|
Victory Floating Rate Fund – Class A |
1.00% |
30-Apr-22 |
1-May-21 |
|
Victory Floating Rate Fund – Class C |
1.80% |
30-Apr-22 |
1-May-21 |
|
Victory Floating Rate Fund – Class R |
1.56% |
30-Apr-22 |
1-May-21 |
|
Victory Floating Rate Fund – Class Y |
0.78% |
30-Apr-22 |
1-May-21 |
|
Victory Floating Rate Fund – Member Class |
0.85% |
30-Apr-22 |
10-Jun-20 |
|
Victory Global Energy Transition Fund – Class A |
1.48% |
30-Apr-22 |
1-May-21 |
|
Victory Global Energy Transition Fund – Class C |
2.28% |
30-Apr-22 |
1-May-21 |
|
Victory Global Energy Transition Fund – Class R |
1.86% |
30-Apr-22 |
1-May-21 |
|
Victory Global Energy Transition Fund – Class Y |
1.15% |
30-Apr-22 |
1-May-21 |
|
Victory High Income Municipal Bond Fund – Class A |
0.80% |
30-Apr-22 |
1-May-21 |
|
Victory High Income Municipal Bond Fund – Class C |
1.57% |
30-Apr-22 |
1-May-21 |
|
Victory High Income Municipal Bond Fund – Class Y |
0.57% |
30-Apr-22 |
1-May-21 |
|
Victory High Income Municipal Bond Fund – Member Class |
0.65% |
30-Apr-22 |
10-Jun-20 |
|
Victory High Yield Fund – Class A |
1.00% |
30-Apr-22 |
1-May-21 |
|
Victory High Yield Fund – Class C |
1.70% |
30-Apr-22 |
1-May-21 |
|
Victory High Yield Fund – Class R |
1.35% |
30-Apr-22 |
1-May-21 |
|
Victory High Yield Fund – Class Y |
0.76% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Investment Quality Bond Fund – Class A |
0.90% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Investment Quality Bond Fund – Class C |
1.77% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Investment Quality Bond Fund – Class R |
1.30% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Investment Quality Bond Fund – Class Y |
0.66% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Low Duration Bond Fund – Class A |
0.85% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Low Duration Bond Fund – Class C |
1.62% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Low Duration Bond Fund – Class R |
1.27% |
30-Apr-22 |
1-May-21 |
|
Victory INCORE Low Duration Bond Fund – Class Y |
0.62% |
30-Apr-22 |
1-May-21 |
|
Victory Xxxxxx Emerging Markets Fund – Class A |
1.34% |
30-Apr-22 |
1-May-21 |
|
Victory Xxxxxx Emerging Markets Fund – Class C |
2.14% |
30-Apr-22 |
1-May-21 |
|
Victory Xxxxxx Emerging Markets Fund – Class R |
1.58% |
30-Apr-22 |
1-May-21 |
|
Victory Xxxxxx Emerging Markets Fund – Class Y |
0.99% |
30-Apr-22 |
1-May-21 |
|
Victory Xxxxxx Emerging Markets Fund – Class R6 |
0.89% |
30-Apr-22 |
1-May-21 |
|
Victory RS Global Fund – Class A |
0.85% |
30-Apr-22 |
1-May-21 |
|
Victory RS Global Fund – Class C |
1.60% |
30-Apr-22 |
1-May-21 |
|
Victory RS Global Fund – Class R |
1.10% |
30-Apr-22 |
1-May-21 |
|
Victory RS Global Fund – Class Y |
0.60% |
30-Apr-22 |
1-May-21 |
|
Victory RS Global Fund – Class R6 |
0.55% |
30-Apr-22 |
1-May-21 |
|
Victory RS Growth Fund – Class A |
1.10% |
30-Apr-22 |
1-May-21 |
|
Victory RS Growth Fund – Class C |
1.93% |
30-Apr-22 |
1-May-21 |
|
Victory RS Growth Fund – Class R |
1.71% |
30-Apr-22 |
1-May-21 |
|
Victory RS Growth Fund – Class Y |
0.83% |
30-Apr-22 |
1-May-21 |
|
Victory RS International Fund – Class A |
1.13% |
30-Apr-22 |
1-May-21 |
|
Victory RS International Fund – Class C |
1.88% |
30-Apr-22 |
1-May-21 |
|
Victory RS International Fund – Class R |
1.38% |
30-Apr-22 |
1-May-21 |
|
Victory RS International Fund – Class Y |
0.88% |
30-Apr-22 |
1-May-21 |
|
Victory RS International Fund – Class R6 |
0.83% |
30-Apr-22 |
1-May-21 |
|
Victory RS Investors Fund – Class A |
1.33% |
30-Apr-22 |
1-May-21 |
|
Victory RS Investors Fund – Class C |
2.07% |
30-Apr-22 |
1-May-21 |
|
Victory RS Investors Fund – Class R |
1.95% |
30-Apr-22 |
1-May-21 |
|
Victory RS Investors Fund – Class Y |
1.05% |
30-Apr-22 |
1-May-21 |
|
Victory RS Large Cap Alpha Fund – Class A |
0.89% |
30-Apr-22 |
1-May-21 |
|
Victory RS Large Cap Alpha Fund – Class C |
1.69% |
30-Apr-22 |
1-May-21 |
|
Victory RS Large Cap Alpha Fund – Class R |
1.26% |
30-Apr-22 |
1-May-21 |
|
Victory RS Large Cap Alpha Fund – Class Y |
0.68% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Class A |
1.20% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Class C |
2.11% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Class R |
1.80% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Class Y |
0.95% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Class R6 |
0.94% |
30-Apr-22 |
1-May-21 |
|
Victory RS Mid Cap Growth Fund – Member Class |
1.05% |
30-Apr-22 |
10-Jun-20 |
|
Victory RS Partners Fund – Class A |
1.45% |
30-Apr-22 |
1-May-21 |
|
Victory RS Partners Fund – Class R |
1.81% |
30-Apr-22 |
1-May-21 |
|
Victory RS Partners Fund – Class Y |
1.12% |
30-Apr-22 |
1-May-21 |
|
Victory RS Partners Fund – Member Class |
1.25% |
30-Apr-22 |
10-Jun-20 |
|
Victory RS Science and Technology Fund – Class A |
1.49% |
30-Apr-22 |
1-May-21 |
|
Victory RS Science and Technology Fund – Class C |
2.28% |
30-Apr-22 |
1-May-21 |
|
Victory RS Science and Technology Fund – Class R |
1.93% |
30-Apr-22 |
1-May-21 |
|
Victory RS Science and Technology Fund – Class Y |
1.24% |
30-Apr-22 |
1-May-21 |
|
Victory RS Select Growth Fund – Class A |
1.40% |
30-Apr-22 |
1-May-21 |
|
Victory RS Select Growth Fund – Class C |
2.18% |
30-Apr-22 |
1-May-21 |
|
Victory RS Select Growth Fund – Class R |
1.91% |
30-Apr-22 |
1-May-21 |
|
Victory RS Select Growth Fund – Class Y |
1.14% |
30-Apr-22 |
1-May-21 |
|
Victory RS Select Growth Fund – Class R6 |
1.06% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Equity Fund – Class A |
1.35% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Equity Fund – Class C |
2.10% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Equity Fund – Class R |
1.75% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Equity Fund – Class Y |
1.10% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Equity Fund – Member Class |
1.15% |
30-Apr-22 |
10-Jun-20 |
|
Victory RS Small Cap Growth Fund – Class A |
1.40% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Growth Fund – Class C |
2.16% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Growth Fund – Class R |
1.86% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Growth Fund – Class Y |
1.13% |
30-Apr-22 |
1-May-21 |
|
Victory RS Small Cap Growth Fund – Class R6 |
1.06% |
30-Apr-22 |
1-May-21 |
|
Victory RS Value Fund – Class A |
1.30% |
30-Apr-22 |
1-May-21 |
|
Victory RS Value Fund – Class C |
2.07% |
30-Apr-22 |
1-May-21 |
|
Victory RS Value Fund – Class R |
1.69% |
30-Apr-22 |
1-May-21 |
|
Victory RS Value Fund – Class Y |
1.06% |
30-Apr-22 |
1-May-21 |
|
Victory Strategic Income Fund – Class A |
0.95% |
30-Apr-22 |
1-May-21 |
|
Victory Strategic Income Fund – Class C |
1.74% |
30-Apr-22 |
1-May-21 |
|
Victory Strategic Income Fund – Class R |
1.34% |
30-Apr-22 |
1-May-21 |
|
Victory Strategic Income Fund – Class Y |
0.74% |
30-Apr-22 |
1-May-21 |
|
Victory Tax-Exempt Fund – Class A |
0.80% |
30-Apr-22 |
1-May-21 |
|
Victory Tax-Exempt Fund – Class C |
1.60% |
30-Apr-22 |
1-May-21 |
|
Victory Tax-Exempt Fund – Class Y |
0.69% |
30-Apr-22 |
1-May-21 |
A-1
(Maximum Operating Expense Limit excluding acquired fund fees and expenses and certain other items such as interest, taxes and brokerage commissions)
