Victory Pioneer Strategic Income Fund Class Y (STRYX)

Overview

The fund focuses on investing a significant portion of its assets in a diverse range of debt securities. With a strategy that places at least 80% of its net assets, plus any borrowed funds for investment purposes, into debt instruments, this fund targets a variety of debt securities. These include but are not limited to, obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities, and debt securities from both U.S. and non-U.S. corporate issuers. Furthermore, the fund extends its investment to mortgage-related and asset-backed securities. Its flexible strategy allows for investment in securities across all maturities, guided by the informed judgment of its investment adviser on adjusting the fund’s average portfolio maturity in response to changing market conditions.

Products and Services

The fund's investment strategy encompasses a broad range of debt instruments, each offering unique attributes and risks to investors:

• Government Securities: Investments primarily in debt securities issued or guaranteed by the U.S. government, its agencies, or instrumentalities, and by non-U.S. governmental entities. These are typically considered lower risk and offer a stable investment option.
• Corporate Debt Securities: This category includes debt securities of both U.S. and non-U.S. corporate issuers. Corporate debt offers potentially higher yields than government securities, accompanied by a higher risk level due to the creditworthiness of the corporate issuers.
• Mortgage-Related and Asset-Backed Securities: The fund also invests in mortgage-related securities and asset-backed securities. These investments can offer higher yields but also carry higher risks, including changes in interest rates and the possibility of default by the underlying assets.