Victory Pioneer Securitized Income Y
SYFFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Lisa Marinello Jones
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 2109 Boston MA United States of America 80202
- IPO Date
- Dec 9, 2019
- Website
- vcm.com
- Similar Companies
- Business
- Victory Pioneer Securitized Income Fund Class Y (SYFFX) is an open-end mutual fund that seeks total return through primary investments in mortgage-backed securities, asset-backed securities, and other securitized asset instruments. The fund allocates across categories including agency mortgage-backed securities (approximately 27%), non-agency residential mortgage-backed securities (16%), commercial mortgage-backed securities (7%), and asset-backed securities (43%), with holdings such as United States Treasury Bills and Connecticut Avenue Securities Trust notes; it maintains a portfolio with 92% in U.S. bonds, 6% cash, and minor non-U.S. bond exposure, targeting institutional investors with a minimum initial investment of $5 million and a net expense ratio of 0.65%. Managed by Nicolas Pauwels and Noah Funderburk since inception, the fund operates within the nontraditional bond category and is available for sale in the United States. Launched on December 9, 2019, as part of the Pioneer Series Trust IV organized in July 2019, the fund traces its heritage to Pioneer Investments, founded with roots dating to 1928, and is headquartered in Boston, Massachusetts, with ongoing management under Victory Capital following the April 2025 completion of a strategic transaction with Amundi. In this deal, Victory Capital integrated Amundi's U.S. business (formerly Pioneer Investments), reintroducing the Pioneer Investments brand, establishing reciprocal 15-year global distribution agreements, and achieving approximately $50 million in initial net expense synergies while raising total synergy targets to $110 million. The transaction expanded the firm's assets under management, with Pioneer Investments reporting $119 billion in AUM as of February 2025, and positioned Amundi as a 26.1% strategic shareholder in Victory Capital. As of late 2025, the fund manages total net assets of around $238 million to $283 million, delivering a 30-day SEC yield near 7% in mid-2024 and strong quarterly performance relative to benchmarks.