Victory Pioneer Core Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Victory Pioneer Core Equity Fund held 70 positions with $2.09B in net assets. Its ten largest holdings made up 31.9% of the fund. The PVFYX share class costs 0.67% a year. Over the 12 months to May 2026, PVFYX returned 28.1%, with dividends reinvested. In 2026 Q2 it added 7 new positions and exited 4.
The Victory Pioneer Core Equity Fund (the Fund) seeks long-term capital growth.
The fund invests primarily in U.S. equity securities selected through fundamental analysis of company quality, growth, and valuation, seeking securities trading at reasonable prices or discounts to underlying value. The adviser evaluates issuers based on financial statements and operations, selling when fundamentals deteriorate or valuation targets are reached. The fund may hold up to 20% in non-U.S. securities, including emerging markets, and may use derivatives for hedging or return enhancement. Because security selection depends on the adviser's assessment of individual company fundamentals and valuations, fund performance will diverge from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.99% | $83.17M | 1.5M | $56.98 | |
3.65% | $76.19M | 204.2K | $373.02 | |
3.56% | $74.24M | 264.0K | $281.21 | |
3.44% | $71.86M | 869.5K | $82.64 | |
3.43% | $71.62M | 609.8K | $117.46 | |
3.34% | $69.65M | 647.9K | $107.50 | |
3.16% | $65.92M | 388.7K | $169.60 | |
2.75% | $57.34M | 225.8K | $253.97 | |
2.28% | $47.59M | 348.1K | $136.72 | |
2.28% | $47.55M | 621.6K | $76.50 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 70 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.83% |
| Other | 1.64% |
By sector
- Information Technology
- 23.8%
- Financials
- 20.1%
- Industrials
- 14.0%
- Health Care
- 11.2%
- 6 other sectors
- 30.9%
- Information Technology
- 23.8%
- Financials
- 20.1%
- Industrials
- 14.0%
- Health Care
- 11.2%
- Energy
- 7.5%
- Communication Services
- 7.4%
- Consumer Staples
- 6.9%
- Consumer Discretionary
- 4.2%
- Utilities
- 2.7%
- Materials
- 2.2%
How it has done
PVFYX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.06%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.67% | +28.14% | — | — | — | |
| 0.86% | +27.87% | — | — | — | |
| 0.57% | +28.22% | — | — | — | |
| 1.65% | +26.85% | — | — | — |
These classes hold the same portfolio, so the 1.37pp spread over 1 year is the cost difference between them — roughly 1.37pp a year — not a difference in what they own.
Fees & fund details
Victory Pioneer Core Equity Fund is an actively managed U.S. equity fund. 5% of PVFYX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.57% – 1.65%· PVFYX 0.67%
- Portfolio turnover
- 64.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
7 new
4 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — PVFYX, QQQ and the fund in my 401(k)?”
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