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 | — | $7.71M | 6.09% |
| Pioneer ILS Interval Fund | XILSX | $4.85M | 3.84% |
| US TREASURY N/B | — | $4.80M | 3.80% |
| FNCL 3.5 4/26 | — | $2.38M | 1.88% |
| FNCL 5 4/26 | — | $2.37M | 1.87% |
| US TREASURY N/B | — | $2.19M | 1.73% |
| US TREASURY N/B | — | $2.15M | 1.70% |
| US TREASURY N/B | — | $2.00M | 1.58% |
| US TREASURY N/B | — | $1.93M | 1.53% |
| FNCL 5.5 4/26 | — | $1.91M | 1.51% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026Opened
103
Exited
96
Increased
7
Decreased
348
Unchanged
322
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 Fund · PBFRX, PICYX, PBFKX, PIOBX, PCYBX | 64% | 0.36% |
| Victory Pioneer Strategic Income VCT Portfolio | 35% | 0.82% |
| Victory Pioneer Strategic Income Fund · PSRAX, STRKX, STRYX, STIRX, PSRCX | 35% | 0.59% |
Advisers
As of December 31, 2025 · N-CEN
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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