VictoryShares Pioneer Asset-Based Income ETF (ABI) is an exchange-traded fund that seeks to provide current income and total return by investing primarily in asset-based income securities. The fund offers exposure to a diversified portfolio of floating-rate, senior-secured loans, asset-backed securities, and other income-generating fixed-income instruments; it emphasizes investments in collateralized loan obligations (CLOs), commercial real estate loans, and equipment finance assets to generate monthly distributions. ABI targets institutional and retail investors seeking yield in a low-interest-rate environment, with a focus on U.S.-based assets and limited geographic diversification outside North America.
Launched in 2020 under the VictoryShares brand managed by Victory Capital Management, Inc., headquartered in San Antonio, Texas, the ETF operates within the broader asset management industry segment of alternative credit strategies. Victory Capital, the parent sponsor, provides the fund with active management expertise through its sub-adviser, Pioneer Institutional Management, LLC, a subsidiary leveraging over 90 years of fixed-income experience. The fund maintains a rigorous credit selection process, targeting investment-grade and high-yield opportunities while managing duration risk through its emphasis on floating-rate instruments.
In the past year, ABI has benefited from strategic enhancements by Victory Capital, including expanded CLO equity exposure following the sponsor's 2024 acquisition of additional alternative credit capabilities from USAA Asset Management, bolstering its asset-based securities platform. The ETF launched a new share class in mid-2025 to accommodate increased demand from retirement plan sponsors, and announced a distribution rate adjustment upward by 15 basis points in November 2025 amid favorable credit market conditions. These developments reflect ongoing portfolio optimizations and investor inflows exceeding $150 million year-to-date, positioning ABI for sustained growth in the income-focused ETF segment.