ACBAX

About ACBAX

Victory Pioneer Cat Bond Fund Class A is an open‑end mutual fund focused on the catastrophe bond segment of the fixed income market. Its primary objective is total return, achieved by investing predominantly in catastrophe, or event‑linked, bonds that transfer insurance and reinsurance risks from issuers to capital market investors. These securities are typically tied to severe natural peril events, such as hurricanes, earthquakes, and other insured catastrophes, and their performance is largely driven by insurance loss outcomes rather than traditional credit or interest‑rate cycles. The fund provides investors with exposure to a specialized, low‑duration corner of fixed income that can offer diversification benefits relative to conventional bonds. It holds a broad portfolio of deals across multiple sponsor programs and peril types, reflecting the evolving issuance landscape of insurance‑linked securities. The strategy may also employ derivatives such as currency forwards and interest‑rate futures to manage risk and operational considerations. By concentrating on this niche asset class, Victory Pioneer Cat Bond Fund Class A plays a distinct role for allocators seeking alternative sources of bond return and differentiated risk premia within a broader portfolio.