SIFFX

About SIFFX

Victory Pioneer Securitized Income Fund Class A is an open‑end mutual fund focused on generating total return through diversified exposure to securitized credit. The fund primarily invests in mortgage‑backed securities, asset‑backed securities, and related securitized instruments, allocating at least 80% of assets to this segment under normal market conditions. Its portfolio spans agency and non‑agency mortgages, consumer ABS such as auto receivables, and credit risk transfer securities, complemented by short‑term U.S. Treasury bills for liquidity and risk management. The strategy emphasizes income with moderate rate sensitivity, reflected in a relatively short effective duration profile, while seeking opportunities across the securitized market’s structural and collateral varieties. Positioned within the nontraditional bond category, the fund’s mandate provides flexibility to navigate credit cycles and changing prepayment dynamics across housing and consumer credit markets. Expense terms for this share class are competitive for its peer group, and the fund distributes income consistent with its income‑oriented objective. This vehicle serves investors looking for dedicated securitized exposure as a diversifier to core bond allocations, with return drivers linked to credit spreads, collateral performance, and securitization structures.