Victory Pioneer Fund
Victory Portfolios IV · Series S000089764 · 5 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The Victory Pioneer Fund (the Fund) seeks reasonable income and capital growth.
The fund employs a value approach, seeking equity securities of U.S. issuers trading at reasonable prices or substantial discounts to intrinsic value, assessed through fundamental analysis of financial statements, assets, and earnings prospects; it may also hold up to 15% in non-U.S. securities, up to 15% in REITs, and below-investment-grade debt. The fund avoids companies deriving more than 10% of gross revenues from alcohol, tobacco, gambling, or gaming. Because the fund's returns depend on the adviser's security selection and the market's recognition of intrinsic value, performance will diverge from broad market returns.
| Share class | Gross | Net |
|---|---|---|
| PIODX | 0.97% | 0.92% |
| PIOKX | 0.69% | 0.64% |
| PIORX | 1.40% | 1.37% |
| PYODX | 0.79% | 0.64% |
| PCODX | 1.76% | 1.72% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 88.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.69% |
| Other | 2.51% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +45.00% | — | — | 16.28% | — | |
| +45.29% | — | — | 16.24% | — | |
| +44.40% | — | — | 16.28% | — | |
| +45.41% | — | — | 16.27% | — | |
| +43.84% | — | — | 16.26% | — |
These classes hold the same portfolio, so the 1.57pp spread over 1 year is the cost difference between them — roughly 1.57pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATIONNVDA | 8.85% | $200.09 | $990.04M | 4.9M |
| GOOGL | ALPHABET INC.GOOGL | 6.95% | $357.37 | $778.11M | 2.2M |
| AMZN | AMAZON.COM, INC.AMZN | 4.63% | $238.34 | $518.47M | 2.2M |
| UPS | UNITED PARCEL SERVICE, INC.UPS | 4.52% | $107.50 | $505.84M | 4.7M |
| NRG | NRG ENERGY, INC.NRG | 4.43% | $146.06 | $495.21M | 3.4M |
| AAPL | APPLE INC.AAPL | 4.16% | $289.36 | $464.98M | 1.6M |
| MSFT | MICROSOFT CORPORATIONMSFT | 3.96% | $373.02 | $442.63M | 1.2M |
| MLM | MARTIN MARIETTA MATERIALS, INC.MLM | 3.69% | $576.70 | $413.01M | 716.2K |
| FCX | FREEPORT-MCMORAN INC.FCX | 3.43% | $62.89 | $384.28M | 6.1M |
| LLY | ELI LILLY AND COMPANYLLY | 3.33% | $1,199.43 | $372.28M | 310.4K |
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.
Top 10 positions are 47.95% of net assets, top 25 79.81%, across 45 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free