Morningstar

Victory Pioneer Short Term Income Fund Class Y PSHYX

Morningstar Medalist Rating
Medalist Rating as of | See Victory Capital Investment Hub
  • NAV / 1-Day Return 8.72  /  −0.23 %
  • Total Assets 981.5M
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 5.11%
  • Effective Duration 1.95 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:17 AM GMT+0

Morningstar’s Analysis PSHYX

Will PSHYX 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 PSHYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSHYX 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 PSHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This riskier short-term bond offering is trending in the right direction.

Principal Paul Olmsted

Paul Olmsted

Principal

Summary

Pioneer Short Term Income draws from a tenured securitized-focused team and a 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 PSHYX

More PSHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future June 26

31.33 462M
Government

United States Treasury Notes 4.125%

1.43 21M
Government

United States Treasury Notes 4.875%

0.88 13M
Government

United States Treasury Bonds 6.375%

0.49 7M
Government

Federal National Mortgage Association 5.5%

0.41 6M
Securitized

AREIT 2025-CRE10 Ltd. / AREIT 2025-CRE10 LLC

0.41 6M
Securitized

Consolidated Edison Company of New York, Inc. 0.03846%

0.41 6M
Cash and Equivalents

Healthpeak Properties Inc 0.03846%

0.41 6M
Cash and Equivalents

Fiserv Inc. 0.03846%

0.41 6M
Cash and Equivalents

Federal National Mortgage Association 5%

0.39 6M
Securitized

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