Victory Pioneer CAT Bond A (ACBAX)
| Fund Assets | 1.31B |
| Expense Ratio | 1.70% |
| Min. Investment | $1,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 1.11 |
| Dividend Yield | 9.27% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 3, 2024 |
| Previous Close | 11.67 |
| YTD Return | 7.53% |
| 1-Year Return | 13.17% |
| 5-Year Return | n/a |
| 52-Week Low | 10.78 |
| 52-Week High | 11.88 |
| Beta (5Y) | n/a |
| Holdings | 209 |
| Inception Date | Jan 27, 2023 |
About ACBAX
Victory Pioneer Cat Bond Fund Class A is an open‑end mutual fund focused on the catastrophe bond segment of the fixed income market. Its primary objective is total return, achieved by investing predominantly in catastrophe, or event‑linked, bonds that transfer insurance and reinsurance risks from issuers to capital market investors. These securities are typically tied to severe natural peril events, such as hurricanes, earthquakes, and other insured catastrophes, and their performance is largely driven by insurance loss outcomes rather than traditional credit or interest‑rate cycles. The fund provides investors with exposure to a specialized, low‑duration corner of fixed income that can offer diversification benefits relative to conventional bonds. It holds a broad portfolio of deals across multiple sponsor programs and peril types, reflecting the evolving issuance landscape of insurance‑linked securities. The strategy may also employ derivatives such as currency forwards and interest‑rate futures to manage risk and operational considerations. By concentrating on this niche asset class, Victory Pioneer Cat Bond Fund Class A plays a distinct role for allocators seeking alternative sources of bond return and differentiated risk premia within a broader portfolio.
Performance
ACBAX had a total return of 13.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.79%.
Top 10 Holdings
17.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Mystic Re IV Ltd | MYSTRE.F 01.08.27 A | 2.31% |
| Northshore Re II Ltd | NTHSHR.F 04.07.28 A | 2.18% |
| Lightning Re Series 2023-1 | LIGTTO.F 03.31.26 A | 2.00% |
| Sanders RE II Ltd | SANDRE.F 04.07.29 B | 1.99% |
| Bonanza RE Ltd | BONZRE.F 12.19.27 C | 1.78% |
| GAMBOGE RE 2025 | n/a | 1.74% |
| Palm RE Ltd | PALMRE.F 06.07.28 A | 1.41% |
| Ocelot Re Ltd | OCELRE.F 02.26.29 A | 1.41% |
| Winston RE Ltd | WINSTR.F 02.21.28 A | 1.39% |
| Sanders RE II Ltd | SANDRE.F 04.07.29 A | 1.37% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 3, 2024 | $1.1072 | Dec 3, 2024 |
| Dec 7, 2023 | $0.844 | Dec 7, 2023 |