- Issuer
- Victory Capital
- Inception Date
- Jul 7, 2021
- Region
- North America (U.S.)
- Category
- Nontraditional Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SIFFX Performance Chart
Victory Pioneer Securitized Income Fund Class A (SIFFX) is up 1.7% since the beginning of the year. SIFFX is currently trading at $9 per share.
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Returns By Period
Victory Pioneer Securitized Income Fund Class A (SIFFX) has returned 1.72% so far this year and 4.90% over the past 12 months.
Victory Pioneer Securitized Income Fund Class A
- 1D
- 0.11%
- 1M
- 0.50%
- YTD
- 1.72%
- 6M
- 2.24%
- 1Y
- 4.90%
- 3Y*
- 6.98%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SIFFX Monthly Returns History
Based on dividend-adjusted daily data since Jul 6, 2021, SIFFX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jan 2023 with a return of +2.8%, while the worst month was Sep 2022 at -2.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SIFFX closed higher 32% of trading days. The best single day was Jul 29, 2022 with a return of +0.9%, while the worst single day was Dec 6, 2022 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71% | 0.63% | -0.44% | 0.63% | 0.39% | -0.21% | 1.72% | ||||||
| 2025 | 0.87% | 1.17% | 0.01% | 0.31% | 0.73% | 1.15% | 0.62% | 1.03% | -0.84% | 0.26% | 0.58% | 0.51% | 6.57% |
| 2024 | 1.18% | 0.20% | 0.43% | -0.08% | 0.86% | 1.05% | 1.36% | 0.85% | 0.96% | -0.30% | 0.77% | -0.16% | 7.33% |
| 2023 | 2.75% | -0.05% | 0.83% | 0.22% | 0.68% | 0.46% | 0.98% | 0.00% | -0.00% | -0.77% | 2.20% | 2.06% | 9.72% |
| 2022 | -0.40% | -1.81% | -1.23% | 0.69% | -2.07% | -1.06% | 1.37% | 0.91% | -2.53% | -0.31% | 0.68% | -0.50% | -6.17% |
| 2021 | 0.37% | 0.44% | 0.74% | 0.16% | -0.26% | 0.16% | 1.62% |
Benchmark Metrics
Victory Pioneer Securitized Income Fund Class A has an annualized alpha of 3.95%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 06, 2021.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.48%) than losses (5.20%) - typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.95%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 13.48%
- Downside Capture
- 5.20%
Expense Ratio
SIFFX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SIFFX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Victory Pioneer Securitized Income Fund Class A (SIFFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SIFFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.37 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.78 | +0.46 |
| Martin ratioReturn relative to average drawdown | 8.79 | 12.44 | -3.65 |
Dividends
Dividend History
Victory Pioneer Securitized Income Fund Class A provided a 6.20% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.61 | $0.48 | $0.44 | $0.44 | $0.31 |
Dividend yield | 6.20% | 6.37% | 5.01% | 4.77% | 4.90% | 3.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Victory Pioneer Securitized Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.61 |
| 2024 | $0.06 | $0.06 | $0.00 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.48 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.00 | $0.05 | $0.05 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.05 | $0.00 | $0.05 | $0.20 | $0.06 | $0.44 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.04 | $0.13 | $0.04 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Victory Pioneer Securitized Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Victory Pioneer Securitized Income Fund Class A was 7.08%, occurring on Dec 12, 2022. Recovery took 242 trading sessions.
The current Victory Pioneer Securitized Income Fund Class A drawdown is 0.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -7.08%Dec 2022 | 1y 1mo | 11mo 22d | 2y 1moOct 2021 - Nov 2023 |
2025 pullback2025 | -1.55%Sep 2025 | 16d | 3mo 7d | 3mo 23dSep 2025 - Dec 2025 |
2025 selloff2025 | -1.36%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
2026 pullback2026 | -1.15%Mar 2026 | 24d | 1mo 5d | 1mo 29dMar 2026 - Apr 2026 |
2024 pullback2024 | -1.06%Feb 2024 | 11d | 17d | 28dFeb 2024 - Mar 2024 |
Drawdown Indicators
| SIFFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.08% | -56.78% | +49.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -9.10% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -1.55% | -18.90% | +17.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.80% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -10.71% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.03% | -1.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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