Investment objective & strategy
As of Feb. 6, 2026 · prospectusStrategy. The Fund may invest up to 20% of its total assets in securities of non-U.S. issuers, including up to 5% of its total assets in securities of emerging market issuers. The Fund may invest up to 20% of its total assets in securities of non-U.S. issuers, including up to 5% of its total assets in securities of emerging market issuers.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| U.S. Treasury Bills | — | $174.65M | 3.36% |
| US TREASURY N/B | — | $133.88M | 2.57% |
| US TREASURY N/B | — | $128.66M | 2.47% |
| FNCL 3.5 4/26 | — | $117.33M | 2.26% |
| U.S. Treasury Bills | — | $109.76M | 2.11% |
| FNCL 5 4/26 | — | $80.47M | 1.55% |
| U.S. Treasury Bills | B | $79.78M | 1.53% |
| US TREASURY N/B | — | $76.15M | 1.46% |
| FNCL 4.5 4/26 | — | $68.52M | 1.32% |
| ZAR/USD FWD 20260116 BOFAUS6N | TXF6 | $67.00M | 1.29% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026Opened
168
Exited
157
Increased
9
Decreased
1244
Unchanged
479
How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Victory Pioneer Bond VCT Portfolio | 64% | 0.53% |
| Victory Pioneer Strategic Income Fund · PSRAX, STRKX, STRYX, STIRX, PSRCX | 45% | 0.59% |
| Victory Pioneer Strategic Income VCT Portfolio | 31% | 0.82% |
Advisers
As of June 30, 2025 · N-CEN
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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