TO THE EXPENSE LIMITATION AGREEMENT
SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT
DATED JULY 1, 2024
OPERATING EXPENSE LIMITS
Fund/Class |
Maximum Operating |
Effective Date |
Date of |
February 28 FYE Funds |
Expense Limit |
of Waiver |
Termination |
Victory California Bond Fund Class A |
0.80% |
1-Jul-24 |
30-Jun-25 |
Victory California Bond Fund Shares |
0.54% |
1-Jul-24 |
30-Jun-25 |
Victory California Bond Institutional Shares |
0.50% |
1-Jul-24 |
30-Jun-25 |
Victory Global Equity Income Fund Shares |
1.00% |
1-Jul-24 |
30-Jun-25 |
Victory New York Bond Fund Class A |
0.90% |
1-Jul-24 |
30-Jun-25 |
Victory New York Bond Fund Shares |
0.65% |
1-Jul-24 |
30-Jun-25 |
Victory New York Bond Institutional Shares |
0.61% |
1-Jul-24 |
30-Jun-25 |
Victory Target Managed Allocation Fund |
0.65% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Intermediate-Term Fund Class A |
0.75% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Intermediate-Term Fund Shares |
0.48% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Intermediate-Term Institutional Shares |
0.44% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Long-Term Fund Class A |
0.70% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Long-Term Fund Shares |
0.48% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Long-Term Institutional Shares |
0.44% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Money Market Fund |
0.56% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Short-Term Fund Class A |
0.75% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Short-Term Fund Shares |
0.51% |
1-Jul-24 |
30-Jun-25 |
Victory Tax Exempt Short-Term Institutional Shares |
0.47% |
1-Jul-24 |
30-Jun-25 |
Victory Xxxxxxxx Xxxx Fund Class A |
0.80% |
1-Jul-24 |
30-Jun-25 |
Victory Xxxxxxxx Xxxx Fund Shares |
0.54% |
1-Jul-24 |
30-Jun-25 |
Victory Xxxxxxxx Xxxx Institutional Shares |
0.50% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Aggressive Fund |
1.10% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Conservative Fund |
0.10% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Equity Fund |
0.10% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Moderate Fund |
1.00% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Moderately Aggressive Fund |
0.98% |
1-Jul-24 |
30-Jun-25 |
Victory Cornerstone Moderately Conservative Fund |
0.90% |
1-Jul-24 |
30-Jun-25 |
Victory Emerging Markets Fund Institutional Shares |
1.29% |
1-Jul-24 |
30-Jun-25 |
Victory Emerging Markets Fund Shares |
1.48% |
1-Jul-24 |
30-Jun-25 |
Victory Government Securities Fund Institutional Shares |
0.39% |
1-Jul-24 |
30-Jun-25 |
Victory Government Securities Fund R6 Shares |
0.35% |
1-Jul-24 |
30-Jun-25 |
Victory Government Securities Fund Shares |
0.48% |
1-Jul-24 |
30-Jun-25 |
Victory Growth and Tax Strategy Fund Shares |
0.61% |
1-Jul-24 |
30-Jun-25 |
Victory Growth and Tax Strategy Fund Institutional Shares |
0.57% |
1-Jul-24 |
30-Jun-25 |
Victory Growth and Tax Strategy Fund Class A |
0.86% |
1-Jul-24 |
30-Jun-25 |
Victory Growth and Tax Strategy Fund Class C |
1.61% |
1-Jul-24 |
30-Jun-25 |
Xxxxxxx Xxxxxxxxxxxxx Fund Institutional Shares |
0.99% |
1-Jul-24 |
30-Jun-25 |
Xxxxxxx Xxxxxxxxxxxxx Fund R6 Shares |
0.85% |
1-Jul-24 |
30-Jun-25 |
Xxxxxxx Xxxxxxxxxxxxx Fund Shares |
1.06% |
1-Jul-24 |
30-Jun-25 |
Victory Precious Metals and Minerals Fund Class A |
1.34% |
1-Jul-24 |
30-Jun-25 |
Victory Precious Metals and Minerals Fund Institutional Shares |
1.00% |
1-Jul-24 |
30-Jun-25 |
Victory Precious Metals and Minerals Fund Shares |
1.27% |
1-Jul-24 |
30-Jun-25 |
Victory Treasury Money Market Trust |
0.35% |
1-Jul-24 |
30-Jun-25 |
Victory Sustainable World Fund Class A |
1.35% |
1-Jul-24 |
30-Jun-25 |
Victory Sustainable World Fund Institutional Shares |
1.00% |
1-Jul-24 |
30-Jun-25 |
Victory Sustainable World Fund Shares |
1.09% |
1-Jul-24 |
30-Jun-25 |
1
SCHEDULE A
TO THE EXPENSE LIMITATION AGREEMENT
DATED JULY 1, 2024
OPERATING EXPENSE LIMITS
Fund/Class |
Maximum Operating |
Effective Date |
Date of |
April 30 FYE Funds |
Expense Limit |
of Waiver |
Termination |
Victory Aggressive Growth Fund Institutional Shares |
0.70% |
1-Sep-24 |
31-Aug-25 |
Victory Aggressive Growth Fund Shares |
0.75% |
1-Sep-24 |
31-Aug-25 |
Victory Capital Growth Fund Institutional Shares |
1.10% |
1-Sep-24 |
31-Aug-25 |
Victory Capital Growth Fund Shares |
1.12% |
1-Sep-24 |
31-Aug-25 |
Victory Growth & Income Fund Institutional Shares |
0.84% |
1-Sep-24 |
31-Aug-25 |
Victory Growth & Income Fund Shares |
0.88% |
1-Sep-24 |
31-Aug-25 |
Victory Growth Fund Institutional Shares |
0.88% |
1-Sep-24 |
31-Aug-25 |
Victory Growth Fund Shares |
0.92% |
1-Sep-24 |
31-Aug-25 |
Victory High Income Fund Institutional Shares |
0.73% |
1-Sep-24 |
31-Aug-25 |
Victory High Income Fund R6 Shares |
0.65% |
1-Sep-24 |
31-Aug-25 |
Victory High Income Fund Shares |
0.83% |
1-Sep-24 |
31-Aug-25 |
Victory Income Fund Class A |
0.77% |
1-Sep-24 |
31-Aug-25 |
Victory Income Fund Institutional Shares |
0.46% |
1-Sep-24 |
31-Aug-25 |
Victory Income Fund R6 Shares |
0.39% |
1-Sep-24 |
31-Aug-25 |
Victory Income Fund Shares |
0.52% |
1-Sep-24 |
31-Aug-25 |
Victory Income Stock Fund Institutional Shares |
0.72% |
1-Sep-24 |
31-Aug-25 |
Victory Income Stock Fund Shares |
0.76% |
1-Sep-24 |
31-Aug-25 |
Victory Core Plus Intermediate Fund Class A |
0.87% |
1-Sep-24 |
31-Aug-25 |
Victory Core Plus Intermediate Fund Class C |
1.53% |
1-Sep-24 |
31-Aug-25 |
Victory Core Plus Intermediate Fund Institutional Shares |
0.52% |
1-Sep-24 |
31-Aug-25 |
Victory Core Plus Intermediate Fund R6 Shares |
0.39% |
1-Sep-24 |
31-Aug-25 |
Victory Core Plus Intermediate Fund Shares |
0.59% |
1-Sep-24 |
31-Aug-25 |
Victory Money Market Fund |
0.62% |
1-Sep-24 |
31-Aug-25 |
Victory Science & Technology Fund Class A |
1.34% |
1-Sep-24 |
31-Aug-25 |
Victory Science & Technology Fund Shares |
1.06% |
1-Sep-24 |
31-Aug-25 |
Victory Short-Term Bond Fund Class A |
0.73% |
1-Sep-24 |
31-Aug-25 |
Victory Short-Term Bond Fund Institutional Shares |
0.43% |
1-Sep-24 |
31-Aug-25 |
Victory Short-Term Bond Fund R6 Shares |
0.39% |
1-Sep-24 |
31-Aug-25 |
Victory Short-Term Bond Fund Shares |
0.53% |
1-Sep-24 |
31-Aug-25 |
Victory Small Cap Stock Fund Institutional Shares |
0.98% |
1-Sep-24 |
31-Aug-25 |
Victory Small Cap Stock Fund Shares |
1.10% |
1-Sep-24 |
31-Aug-25 |
Victory Value Fund Institutional Shares |
0.88% |
1-Sep-24 |
31-Aug-25 |
Victory Value Fund Shares |
0.96% |
1-Sep-24 |
31-Aug-25 |
Victory 500 Index Fund Member Shares |
0.25% |
1-Sep-24 |
31-Aug-25 |
Victory 500 Index Fund Reward Shares |
0.15% |
1-Sep-24 |
31-Aug-25 |
Victory Extended Market Index Fund Shares |
0.43% |
1-Sep-24 |
31-Aug-25 |
Victory Global Managed Volatility Fund Institutional Shares |
0.70% |
1-Sep-24 |
31-Aug-25 |
Victory Global Managed Volatility Fund Shares |
0.90% |
1-Sep-24 |
31-Aug-25 |
Victory Nasdaq-100 Index Fund R6 Shares |
0.40% |
1-Sep-24 |
31-Aug-25 |
Victory Nasdaq-100 Index Fund Shares |
0.48% |
1-Sep-24 |
31-Aug-25 |
Victory Nasdaq-100 Index Fund Institutional Shares |
0.44% |
1-Sep-24 |
31-Aug-25 |
Victory Nasdaq-100 Index Fund Class A |
0.70% |
1-Sep-24 |
31-Aug-25 |
Victory Nasdaq-100 Index Fund Class C |
1.45% |
1-Sep-24 |
31-Aug-25 |
Victory Target Retirement 2030 Fund |
0.03% |
1-Sep-24 |
31-Aug-25 |
Victory Target Retirement 2040 Fund |
0.02% |
1-Sep-24 |
31-Aug-25 |
Victory Target Retirement 2050 Fund |
0.04% |
1-Sep-24 |
31-Aug-25 |
Victory Target Retirement 2060 Fund |
0.10% |
1-Sep-24 |
31-Aug-25 |
Victory Target Retirement Income Fund |
0.07% |
1-Sep-24 |
31-Aug-25 |
Victory Ultra Short-Term Bond Fund Institutional Shares |
0.55% |
1-Sep-24 |
31-Aug-25 |
Victory Ultra Short-Term Bond Fund R6 Shares |
0.39% |
1-Sep-24 |
31-Aug-25 |
Victory Ultra Short-Term Bond Fund Shares |
0.60% |
1-Sep-24 |
31-Aug-25 |
Victory Ultra Short-Term Bond Fund Class A |
0.85% |
1-Sep-24 |
31-Aug-25 |
2
