Morningstar

Victory Pioneer Bond Fund Class R6 PBFKX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 8.01  /  +0.25 %
  • Total Assets 5.0B
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.350%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 4.78%
  • Effective Duration 6.16 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PBFKX

Will PBFKX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBFKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBFKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBFKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A time-tested core-plus bond strategy.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

Victory Pioneer Bond’s seasoned leadership team has successfully navigated through market cycles by executing a disciplined, relative-value approach over the long haul.

by River Meng
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Portfolio Holdings PBFKX

More PBFKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

5.90 385M
Government

5 Year Treasury Note Future Sept 26

4.77 311M
Government

Ultra US Treasury Bond Future Sept 26

3.60 235M
Government

10 Year Treasury Note Future Sept 26

2.49 163M
Government

United States Treasury Bonds 4.375%

1.89 123M
Government

United States Treasury Bills

1.83 120M
Government

United States Treasury Notes 4.125%

1.53 100M
Government

United States Treasury Bills

1.53 100M
Government

Federal National Mortgage Association 5%

1.29 84M
Securitized

United States Treasury Bills

1.22 80M
Government

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