Victory Pioneer CAT Bond A (ACBAX)

Fund Assets	2.78B
Expense Ratio	1.696%
Min. Investment	$1,000
Turnover	11.00%
Dividend (ttm)	1.00
Dividend Yield	8.29%
Dividend Growth	-10.12%
Payout Frequency	Annual
Ex-Dividend Date	Dec 2, 2025

Previous Close	11.99
YTD Return	8.40%
1-Year Return	9.94%
5-Year Return	n/a
52-Week Low	11.03
52-Week High	12.02
Beta (5Y)	n/a
Holdings	304
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.

• Fund Family: Victory Capital Management Inc.
• Category: Specialty Fixed Inc
• Stock Exchange: Nasdaq
• Ticker Symbol: ACBAX
• Share Class: Class A
• Index: Index is not provided by Management Company

Performance

ACBAX had a total return of 9.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.07%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ACBKX	Class R6	1.31%
CBYYX	Class Y	1.44%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 2, 2025	$0.9951	Dec 2, 2025
Dec 3, 2024	$1.1072	Dec 3, 2024
Dec 7, 2023	$0.844	Dec 7, 2023

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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