SIFFX – Victory Pioneer Securitized Income A Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund invests primarily in mortgage-backed securities, asset-backed securities and other securitized asset instruments. Normally, the fund invests at least 80% of its net assets (plus borrowings or other leverage for investment purposes) in securitized asset instruments. The fund may also invest in structured investments including credit linked notes (CLNs), adjustable rate mortgage loans (ARMs), and custodial receipts. The fund may invest a substantial amount of its assets in “sub-prime” mortgage-related securities. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SYFFX	Victory Pioneer Securitized Income Fund Class Y	Institutional	Open			Dec 9, 2019	$605.27M	0.650%	Below Average	$1M	$334.37M
SIFFX	Victory Pioneer Securitized Income Fund Class A	Front Load	Open			Jul 1, 2021	$3.33M	0.900%	Low	$2,500	$497,528.84

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