Fund info

Victory Pioneer Short-Term Income Fund Class K is an open-end mutual fund focused on generating a high level of current income while aiming to preserve principal. The portfolio primarily invests in investment‑grade debt and typically maintains a short dollar‑weighted average maturity, positioning it within the short‑term bond category. The strategy is fundamentally driven and securitized‑focused, with notable exposure to asset‑backed and mortgage‑related securities alongside U.S. Treasuries and cash equivalents; this approach can introduce higher relative credit and structure risk versus more conservative peers. The fund distributes income on a regular basis and targets limited interest rate sensitivity, supported by an effective duration under two years in recent disclosures. Within the market, Victory Pioneer Short‑Term Income Fund Class K serves investors seeking a core short‑duration bond allocation that balances income generation with modest volatility, filling a role between money market funds and intermediate‑term bond strategies. The share class sits within a broader lineup that includes institutional and retirement options, reflecting its use by diversified fixed income allocators and plan sponsors.