Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Victory Pioneer High Yield VCT - Cl II
Release date as of 2025-09-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration 2.67 Yrs
Average Eff Maturity 3.79 Yrs
Average Wtd Coupon 7.27
Average Wtd Price 99.92
As of 2025-09-30
Data as of 2025-09-30
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.4
Bullet Bonds Bonds 92.8
Bullet Cash Cash 6.8
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2025-08-31
  Morningstar Fixed-Income Sectors
% Fund
Government 0.88
Corporate 92.34
Securitized 0.00
Municipal 0.00
Cash & Equivalents 6.08
Derivative 0.71
Data through 2025-08-31
  Credit Analysis
% Bonds
AAA 5.87
AA 0.00
A 0.00
BBB 2.24
BB 37.59
B 41.69
Below B 8.73
Not Rated 3.88
Data through 2025-09-30
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 3
Total Number of Bond Holdings 190
% of Net Assets in Top 10 Holdings 16.97
Turnover % (as of 2024-12-31) 53.00
30 Day SEC Yield % 5.63
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Dreyfus Government Cash Mgmt Instl --- 1,318 1,318 4.73
Victory Pioneer ILS Interval --- 81 777 2.79
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% 2033-06-01 444 396 1.42
Global Aircraft Leasing Co Ltd 8.75% 2027-09-01 365 376 1.35
U S Acute Care Solutions LLC 9.75% 2029-05-15 330 339 1.22
First Quantum Minerals Ltd. 8.625% 2031-06-01 310 324 1.16
Taseko Mines Limited 8.25% 2030-05-01 306 322 1.16
Olympus Water US Holding Corp. 9.75% 2028-11-15 285 299 1.07
Macys Retail Holdings LLC 6.125% 2032-03-15 300 293 1.05
Trinity Industries, Inc. 7.75% 2028-07-15 274 283 1.02
Clearwater Paper Corporation 4.75% 2028-08-15 299 283 1.02
Velocity Vehicle Group LLC 8% 2029-06-01 272 276 0.99
Adapthealth Llc 5.125% 2030-03-01 286 273 0.98
Ford Motor Credit Company LLC 3.625% 2031-06-17 300 270 0.97
CQP Holdco LP & Bip-V Chinook Holdco LLC 7.5% 2033-12-15 250 268 0.96
Windstream Services LLC / Windstream Escrow Finance Corp. 8.25% 2031-10-01 257 267 0.96
Champions Financing Inc. 8.75% 2029-02-15 278 266 0.95
LCM Investments Holdings II LLC 4.875% 2029-05-01 270 265 0.95
Prime Healthcare Services Inc 9.375% 2029-09-01 255 263 0.94
Melco Resorts Finance Limited 7.625% 2032-04-17 250 260 0.93
Owens & Minor Inc 6.625% 2030-04-01 295 256 0.92
WildFire Intermediate Holdings LLC 7.5% 2029-10-15 252 256 0.92
LFS TopCo LLC 8.75% 2030-07-15 255 249 0.90
Voyager Parent LLC 9.25% 2032-07-01 235 248 0.89
Petsmart LLC / Petsmart Financial Corp. 7.5% 2032-09-15 250 247 0.89
Data through 2025-08-31
Show Data Definitions

© Copyright 2025 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.