Morningstar

Victory Pioneer Multi-Asset Ultrashort Income Fund Class R6 MAUKX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 9.63  /  0.00
  • Total Assets 7.9B
  • Adj. Expense Ratio
    0.350%
  • Expense Ratio 0.350%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Large
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.83%
  • Effective Duration 0.35 years

USD | NAV as of Jun 16, 2026 | 1-Day Return as of Jun 16, 2026, 12:11 AM GMT+0

Morningstar’s Analysis MAUKX

Will MAUKX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAUKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MAUKX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MAUKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This riskier ultrashort bond offering is trending in the right direction.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

Victory Pioneer Multi-Asset Ultrashort Income, along with its collective investment trust and sibling Amundi Funds Pioneer US Short Term Bond USD UCITS, draws from a tenured securitized-focused team and solid supporting cast. The strategy's focus on generating high yields results in more credit and liquidity risk than most peers, which can make it more vulnerable during market stresses.

by Paul Olmsted
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Portfolio Holdings MAUKX

More MAUKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Rbcd 3.68%, 04/01/2026

1.85 151M
—

Bac 3.66%, 04/01/2026

1.34 110M
—

Bac 3.67%, 04/01/2026

1.29 106M
—

2 Year Treasury Note Future June 26

1.27 104M
Government

Tdbny 3.67%, 04/01/2026

1.07 88M
Securitized

U.S. Dollars

0.72 59M
Cash and Equivalents

Bnc 3.67%, 04/01/2026

0.68 55M
—

Prudential Funding Corp 0.03846%

0.49 40M
Cash and Equivalents

Consolidated Edison Company of New York, Inc. 0.03846%

0.46 38M
Cash and Equivalents

Enterprise Products Operating LLC 0.03846%

0.46 38M
Cash and Equivalents

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