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Victory Pioneer Solutions Balanced Y Overview

Victory Pioneer Solutions Balanced Y (IMOYX) is an actively managed Allocation Global Moderate Allocation fund. Victory Capital Management Inc. launched the fund in 2005.

The investment seeks long-term capital growth and current income. The fund is a "fund of funds." It seeks to achieve its investment objectives by investing in other funds and using asset allocation strategies to allocate its assets among the underlying funds. It invests in underlying funds managed by Amundi Asset Management US, Inc.(“Amundi US”) or one of its affiliates. The fund allocates its assets among underlying funds with exposure to the broad asset classes of equity, fixed income and short-term (money market) investments. It is non-diversified.

About Victory Pioneer Solutions Balanced Y (IMOYX)

There are 2 members of the management team with an average tenure of 8.52 years: Kenneth Taubes (2018), Marco Pirondini (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. Victory Pioneer Solutions Balanced Y has 17 securities in its portfolio. The top 10 holdings constitute 95.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Victory Pioneer Solutions Balanced Y is part of the Allocation global asset class and is within the Allocation fund group. Victory Pioneer Solutions Balanced Y has 35.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 22.1%. There is 25.3% allocated to foreign stock, and 3.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 41.2% (31.1% domestic bond, 10.1% foreign bond and 2.5% convertible bond). Victory Pioneer Solutions Balanced Y has 5.6% of the portfolio in cash.

Assets Under Management

The fund has $13 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IMOYX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Victory Pioneer Solutions Balanced Y expense ratio is high compared to funds in the Global Moderate Allocation category. Victory Pioneer Solutions Balanced Y has an expense ratio of 0.86%, which is 18% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Victory Pioneer Solutions Balanced Y has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, Victory Pioneer Solutions Balanced Y returned 1.5%, which earned it a grade of B, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Victory Pioneer Solutions Balanced Y has a trailing yield of 4.35%, which is above the 2.61% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Victory Pioneer Solutions Balanced Y Grades

Year to date, the fund has returned 8.4%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 18.4% over the past year (grade of A), 14.5% over the past three years (grade of A) and 8.9% per year over the past five years (grade of A) and 8.1% per year over the past 10 years (grade of B).

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