Victory Pioneer Strategic Income Fund Class K (STRKX)

Overview

This entity is defined by its focus on investing a minimum of 80% of its net assets, alongside potential borrowings for investment purposes, in various debt securities. Its investment horizon spans across a diverse range of debt instruments. These include securities issued or guaranteed by U.S. government agencies or instrumentalities, as well as those from non-U.S. governmental bodies. Additionally, it covers debt securities from both U.S. and international corporate issuers, along with mortgage-related and asset-backed securities. The fund is dynamic in its approach to investment maturity, adjusting its average portfolio maturity based on the strategic decisions made by its investment advisers. This strategy allows for a versatile investment model that adapts to changing market conditions and investment opportunities.

Products and Services

• Debt Securities of the U.S. Government: These are bonds or other types of debt obligations that are issued or fully guaranteed by the U.S. government, its agencies, or instrumentalities. Investments in these securities provide a level of safety and predictability, making them an attractive option for risk-averse investors.
• Non-U.S. Governmental Debt Securities: This includes bonds issued by foreign governments or their agencies. These investments offer diversification outside of the U.S. and may present different risk and reward profiles depending on the issuing country’s economic and political stability.
• Corporate Debt Securities: The fund invests in debt instruments issued by corporations, both within the U.S. and internationally. Corporate bonds can offer higher yields compared to government securities, albeit with a higher risk due to the potential for default by the issuing corporation.
• Mortgage-Related and Asset-Backed Securities: These are securities that are backed by mortgage payments or other financial assets. They can provide regular income streams and are used by the fund to diversify its investment portfolio. Mortgage-related securities can include both residential and commercial mortgages, while asset-backed securities may be backed by a variety of asset types, from auto loans to credit card receivables.