Victory Pioneer Active Credit Fund Class Y

Victory Pioneer Active Credit Fund Class Y is a mutual fund focused on generating total return, with an emphasis on high current income. The fund primarily invests in fixed income securities, allocating at least 80% of its net assets to bonds. It distinguishes itself through significant exposure to asset-backed and mortgage-related securities, such as commercial mortgage-backed securities (CMBS), collateralized mortgage obligations (CMOs), and other mortgage instruments issued by private issuers. Classified within the multisector bond category, the fund incorporates both U.S. and non-U.S. bonds in its portfolio, targeting a blend of high-yield corporate debt and other credit-oriented assets. Managed by Victory Capital Management, its strategy supports diversified credit allocation across sectors, providing investors access to a broad range of income-generating fixed income markets. The fund has a relatively low expense ratio and offers institutional share class features, such as a minimum initial investment requirement suited for large-scale investors. Victory Pioneer Active Credit Fund Class Y plays a critical role for those seeking diversified credit exposure and consistent income within the broader fixed income universe.