Victory Pioneer International Equity Fund
Actively managed developed international stock fund
As of its 2026 Q2 report, Victory Pioneer International Equity Fund held 67 positions with $1.91B in net assets. Its ten largest holdings made up 31.3% of the fund. The PCITX share class costs 1.83% a year. Over the 12 months to Jun 2026, PCITX returned 25.7%, with dividends reinvested. In 2026 Q3 it added 12 new positions and exited 11.
The Victory Pioneer International Equity Fund (the Fund) seeks long-term capital growth.
The fund invests at least 80% of its assets in equity securities of non-U.S. issuers across developed and emerging markets, using a value approach to identify securities trading at discounts to intrinsic value based on fundamental analysis of financial statements, assets, and earnings prospects. The adviser generally sells when market value reflects intrinsic value. The fund may invest up to 20% in debt securities and holds assets across at least three different foreign countries, though it may concentrate more than 25% in Japan, the United Kingdom, or euro-denominated securities.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Mitsubishi Electric Corporation | 3.78% | $72.34M | 1.8M | $41.11 |
FUJI ELECTRIC CO., LTD. | 3.65% | $69.90M | 722.6K | $96.74 |
3.23% | $61.92M | 120.0K | $516.10 | |
Samsung Electronics Co., Ltd. | 3.16% | $60.48M | 287.0K | $210.69 |
BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY | 3.10% | $59.37M | 2.9M | $20.32 |
RWE Aktiengesellschaft | 2.96% | $56.63M | 889.9K | $63.63 |
2.93% | $56.02M | 713.0K | $78.57 | |
Sumitomo Mitsui Financial Group, Inc. | 2.84% | $54.42M | 1.5M | $36.53 |
BBARRICK MINING CORPORATION | 2.83% | $54.15M | 1.3M | $42.72 |
FINECOBANK BANCA FINECO S.P.A. | 2.82% | $53.98M | 2.2M | $24.35 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 67 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 | 91.86% |
| Other | 4.66% |
| Bonds | 2.66% |
How it has done
PCITX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.72%. Past returns are a record, not a forecast.
Jul 2026 and Aug 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.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.83% | +25.67% | — | — | — | |
| 0.73% | +27.06% | — | — | — | |
| 0.74% | +26.99% | — | — | — | |
| 1.12% | +26.56% | — | — | — |
These classes hold the same portfolio, so the 1.40pp spread over 1 year is the cost difference between them — roughly 1.40pp a year — not a difference in what they own.
Fees & fund details
Victory Pioneer International Equity Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.73% – 1.83%· PCITX 1.83%
- Portfolio turnover
- 58.00% a year · as of 2026 Q1
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.
12 new· the largest 8
11 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Zero-coupon or unclassified | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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