Morningstar

Victory Pioneer Fund Class Y PYODX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Victory Capital Investment Hub

Morningstar’s Analysis PYODX

Will PYODX 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 PYODX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PYODX 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 PYODX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid foundation.

Associate Analyst Indira Fisher

Indira Fisher

Associate Analyst

Summary

Victory Pioneer Fund features an experienced manager duo and disciplined investment framework, earning Above Average People and Process ratings. Comanagers Jeff Kripke and James Yu have a significant history with the strategy and an even longer one with each other. The pair first met while attending Columbia Business School before graduating in 1995 and later reunited when they both joined Pioneer Investments in 2015. Kripke became the lead manager of the strategy that same year, with Yu coming aboard in 2019. The two have worked collaboratively since then, doing much of the hands-on research and modeling for stocks entering the portfolio. Alongside their own contributions, they also leverage the broader Pioneer research team for idea generation. In April 2025, Victory Capital completed its acquisition of Pioneer Investments, which streamlined some operations but left Pioneer’s investment team largely untouched. While analyst turnover within the group was historically worrisome, it has largely stabilized in recent years.

by Indira Fisher
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