Victory Pioneer CAT Bond Y (CBYYX)
| Fund Assets | 1.13B |
| Expense Ratio | 1.46% |
| Min. Investment | $5,000,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 1.12 |
| Dividend Yield | 9.87% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 3, 2024 |
| Previous Close | 11.31 |
| YTD Return | 4.72% |
| 1-Year Return | 13.76% |
| 5-Year Return | n/a |
| 52-Week Low | 10.69 |
| 52-Week High | 11.80 |
| Beta (5Y) | 0.03 |
| Holdings | 209 |
| Inception Date | n/a |
About CBYYX
Victory Pioneer Cat Bond Fund Class Y is a mutual fund specializing in catastrophe (CAT) bonds, which are structured fixed income securities designed to transfer risk associated with severe events such as natural disasters from insurers and reinsurers to capital market investors. The fund's primary objective is to seek total return by investing at least 80% of net assets in these event-linked bonds, offering investors exposure to a distinct segment of the fixed income market with lower correlation to traditional asset classes. Key features of this fund include a focus on the specialty fixed income sector, a relatively high average coupon rate, and an emphasis on income generation, as reflected by its notable dividend yield. The fund holds a diversified portfolio of CAT bonds across issuers and maturities, providing both diversification benefits and access to a market segment that plays a vital role in global risk management and insurance-linked securities. Victory Pioneer Cat Bond Fund Class Y is positioned as a solution for institutional and sophisticated investors seeking specialty returns and unique risk-reward characteristics within fixed income portfolios.
Performance
CBYYX had a total return of 13.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.09%.
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 | $1.116 | Dec 3, 2024 |
| Dec 7, 2023 | $0.9698 | Dec 7, 2023 |