- What does PBFKX invest in?
- Typically, the fund commits at least 80% of its net assets to various debt instruments. This core portfolio primarily consists of obligations issued or guaranteed by the U.S. government, its agencies, and instrumentalities. It also includes investment-grade debt securities from corporations and other entities, which may encompass convertible bonds, alongside holdings in cash, cash equivalents, and other short-term investments. Beyond this primary allocation, the fund retains the flexibility to dedicate a significant portion of its capital to mortgage-related securities. These could involve commercial mortgage-backed securities (CMBS), collateralized mortgage obligations (CMOs), credit risk transfer (CRT) securities, and even "sub-prime" mortgages. Additionally, the fund is permitted to invest in other asset-backed securities.
- What is the expense ratio of PBFKX?
- Victory Pioneer Bond R6 (PBFKX) charges an expense ratio of 0.36%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PBFKX's dividend yield?
- PBFKX's trailing-twelve-month yield is 4.56%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PBFKX?
- Effective duration measures PBFKX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PBFKX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PBFKX?
- PBFKX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PBFKX?
- Yield to maturity (YTM) is the total return you'd earn from PBFKX if every bond in the portfolio is held to maturity at the current price. PBFKX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
