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Name

As of 11/13/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Victory Pioneer Equity Premium Income Fund

FLEKX | Fund

$12.71

$166 M

11.80%

$1.48

0.97%

Vitals

YTD Return

10.5%

1 yr return

12.8%

3 Yr Avg Return

14.4%

5 Yr Avg Return

5.1%

Net Assets

$166 M

Holdings in Top 10

16.9%

52 WEEK LOW AND HIGH

$12.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 215.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/13/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Victory Pioneer Equity Premium Income Fund

FLEKX | Fund

$12.71

$166 M

11.80%

$1.48

0.97%

FLEKX - Profile

Distributions

  • YTD Total Return 10.5%
  • 3 Yr Annualized Total Return 14.4%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.63%
DIVIDENDS
  • Dividend Yield 11.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Victory Pioneer Equity Premium Income Fund
  • Fund Family Name
    Victory Funds
  • Inception Date
    Jun 25, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michele Garau

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities and equity-related investments. Equity securities and equity-related investments include common and preferred stocks, depositary receipts, warrants, rights, equity-linked notes (“ELNs”), master limited partnerships, equity interests in real estate trusts (“REITs”), and other equity interests, such as securities of other investment companies (including mutual funds, exchange-traded funds, and closed-end funds) that invest primarily in equity securities. Equity securities may include derivative instruments that provide exposure to equity securities or have similar economic characteristics. The Fund may invest in securities of issuers of any market capitalization, and in securities in any industry or market sector. The Fund may invest in initial public offerings of equity securities.The Fund may invest up to 60% of its net assets in ELNs. ELNs are structured products that consist of two main components: a fixed income component in the form of a bond or note paying a stated interest rate (premium), and an equity-linked component tied to the performance of one or more underlying reference securities (usually a single stock, a basket of stocks or a stock index). Under the structure, current payments typically are made in exchange for a limit on the capital appreciation potential of the reference securities during the term of the note. The ELN retains the downside risk associated with the reference securities. In addition, the Fund may write (sell) covered call and put options on common stocks or other reference securities.The Fund focuses on investments that offer a stream of income. The Fund’s investments in ELNs are intended to generate current income based on the interest rate paid by the ELNs. In addition to investments that offer a stream of income, the Fund may also invest in securities and instruments that are not income-producing, subject to its 80% policy with respect to investment in equity securities and equity-related investments. The Fund may invest in securities and instruments that are not income-producing for purposes of seeking capital appreciation or managing risk or other portfolio characteristics, and securities are not selected based on anticipated dividend payments.Subject to its 80% policy with respect to investment in equity securities and equity-related investments, the Fund may invest in investment-grade and below-investment-grade debt securities (known as “junk bonds”).The Fund may, but is not required to, use derivatives, such as options, stock index futures and index-based total return swap contracts. The Fund may use derivatives for a variety of other purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the Fund’s return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The Fund may invest without limit in derivative instruments. However, the Fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations.The Fund invests mainly in U.S. issuers and ELNs and other investments tied to the performance of U.S. issuers. The Fund considers U.S. issuers to include: issuers organized under the laws of the United States, issuers with a principal office in the United States, issuers whose equity securities are traded principally in the United States, issuers that derive at least 50% of their gross revenues or profits from goods or services produced in the United States or sales made in the United States, or issuers that have at least 50% of their assets in the United States.The Fund may invest up to 20% of its net assets in securities of non-U.S. issuers. The Fund will not invest more than 10% of its net assets in the securities of emerging market issuers. The Fund does not count securities of Canadian issuers against the limit on investment in securities of non-U.S. issuers. In addition to investing in securities denominated in non-U.S. currencies, the Fund may hold non-U.S. currencies and purchase and sell forward currency exchange contracts in non-U.S. currencies. The Fund’s currency and currency-related investments may be used to adjust overall currency exposures, including as a means of seeking incremental return, which may be considered a speculative technique.In selecting investments, the Adviser considers the investment’s income and return potential in view of such factors as the sustainability of the issuer’s earnings and financial condition. The Adviser generally favors those securities it perceives to be undervalued. In selecting equity securities, the Adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. Among other things, the Adviser focuses on an issuer’s deployment of capital and return on capital. The Adviser relies on the knowledge, experience and judgment of its staff and the staff of its affiliates who have access to a wide variety of research. The Adviser focuses on the quality and valuation of issuers and securities. Investments typically are sold when the Adviser’s overall assessment of market and economic conditions changes or the assessments of the attributes of individual holdings or investment types change.
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FLEKX - Performance

Return Ranking - Trailing

Period FLEKX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% -7.3% 40.8% 13.50%
1 Yr 12.8% -4.3% 51.5% 12.50%
3 Yr 14.4%* 2.6% 30.4% 18.00%
5 Yr 5.1%* -6.1% 12.9% 31.16%
10 Yr N/A* 1.4% 18.2% 41.61%

* Annualized

Return Ranking - Calendar

Period FLEKX Return Category Return Low Category Return High Rank in Category (%)
2025 7.1% -33.9% 25.2% 49.50%
2024 -1.0% -9.5% 25.7% 75.00%
2023 10.5% -18.9% 60.2% 26.63%
2022 -21.9% -48.5% 0.1% 80.90%
2021 8.9% -19.0% 48.3% 23.12%

Total Return Ranking - Trailing

Period FLEKX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.5% -7.3% 40.8% 13.50%
1 Yr 12.8% -4.3% 51.5% 12.50%
3 Yr 14.4%* 2.6% 30.4% 18.00%
5 Yr 5.1%* -6.1% 12.9% 31.16%
10 Yr N/A* 1.4% 18.2% 40.94%

* Annualized

Total Return Ranking - Calendar

Period FLEKX Return Category Return Low Category Return High Rank in Category (%)
2025 19.7% -3.0% 37.6% 11.00%
2024 9.6% -0.4% 29.9% 40.00%
2023 12.0% -8.5% 61.8% 37.69%
2022 -18.7% -46.5% 4.6% 83.92%
2021 11.2% -9.4% 48.3% 54.77%

NAV & Total Return History

FLEKX - Holdings

Concentration Analysis

FLEKX Category Low Category High FLEKX % Rank
Net Assets 166 M 4.08 M 10.5 B 56.00%
Number of Holdings 152 3 3229 39.00%
Net Assets in Top 10 27 M 2.5 M 7.83 B 82.00%
Weighting of Top 10 16.92% 11.3% 107.0% 99.00%

Top 10 Holdings

  1. DBS GROUP HOLDINGS LTD 1.88%
  2. ASR NEDERLAND NV 1.83%
  3. CITIZENS FINANCIAL GROUP INC 1.79%
  4. BP PLC ADR 1.76%
  5. DOMINION ENERGY INC 1.70%
  6. SINO LAND CO 1.67%
  7. AVIVA PLC 1.64%
  8. FIRSTENERGY CORP 1.62%
  9. EVERSOURCE ENERGY 1.61%
  10. UNITED STATES TREASURY BILL 1.44%

Asset Allocation

Weighting Return Low Return High FLEKX % Rank
Bonds 		57.47% 0.00% 106.59% 10.00%
Stocks 		38.59% 0.00% 140.93% 81.50%
Convertible Bonds 		0.23% 0.00% 8.92% 39.00%
Preferred Stocks 		0.03% -0.03% 5.36% 10.00%
Other 		0.00% -32.90% 146.18% 54.50%
Cash 		0.00% -33.22% 90.20% 96.00%

Stock Sector Breakdown

Weighting Return Low Return High FLEKX % Rank
Financial Services 		31.27% 0.00% 98.22% 5.33%
Real Estate 		16.32% 0.00% 99.45% 10.65%
Industrials 		12.13% 0.00% 23.31% 17.75%
Technology 		11.61% 0.00% 85.77% 70.41%
Healthcare 		9.51% 0.00% 38.63% 73.37%
Basic Materials 		5.04% 0.00% 56.73% 28.99%
Consumer Cyclical 		4.28% 0.00% 25.83% 69.23%
Consumer Defense 		3.49% 0.00% 37.51% 77.51%
Energy 		3.22% 0.00% 60.89% 72.78%
Utilities 		2.76% 0.00% 91.12% 57.99%
Communication Services 		0.38% 0.00% 21.61% 82.84%

Stock Geographic Breakdown

Weighting Return Low Return High FLEKX % Rank
US 		26.68% 0.00% 140.93% 85.00%
Non US 		11.91% -1.94% 32.21% 12.00%

Bond Sector Breakdown

Weighting Return Low Return High FLEKX % Rank
Government 		48.92% 0.00% 97.30% 27.00%
Corporate 		4.57% 0.00% 95.17% 55.50%
Municipal 		0.01% 0.00% 19.13% 35.50%
Derivative 		0.00% -32.90% 146.18% 54.50%
Cash & Equivalents 		0.00% 0.00% 89.71% 84.00%
Securitized 		0.00% 0.00% 52.99% 64.00%

Bond Geographic Breakdown

Weighting Return Low Return High FLEKX % Rank
US 		57.47% 0.00% 92.67% 10.00%
Non US 		0.00% 0.00% 31.13% 45.50%

FLEKX - Expenses

Operational Fees

FLEKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.39% 6.65% 85.00%
Management Fee 0.70% 0.00% 1.50% 36.00%
12b-1 Fee 0.00% 0.00% 1.00% 13.28%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

FLEKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FLEKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLEKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 215.00% 1.75% 441.00% 85.21%

FLEKX - Distributions

Dividend Yield Analysis

FLEKX Category Low Category High FLEKX % Rank
Dividend Yield 11.80% 0.00% 23.29% 22.50%

Dividend Distribution Analysis

FLEKX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Annual

Net Income Ratio Analysis

FLEKX Category Low Category High FLEKX % Rank
Net Income Ratio 1.63% -2.01% 13.72% 27.00%

Capital Gain Distribution Analysis

FLEKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FLEKX - Fund Manager Analysis

Managers

Michele Garau

Start Date

Tenure

Tenure Rank

May 03, 2010

12.08

12.1%

Mr. Garau, Senior Vice President and Portfolio Manager of Amundi Pioneer, has been based in Boston since August 2010. He was previously the Head of Balanced Portfolios at Pioneer Investment Management Limited, one of Amundi Pioneer's affiliates, and based in Dublin. He joined Amundi Pioneer in January 2003 and has been an investment professional since 1984.

Kenneth Taubes

Start Date

Tenure

Tenure Rank

May 03, 2010

12.08

12.1%

Mr. Taubes, Executive Vice President and Chief Investment Officer, U.S. of Pioneer, is responsible for overseeing the U.S. and global fixed income teams. He joined Pioneer as a senior vice president in September 1998 and has been an investment professional since 1982. Mr. Taubes has served as portfolio manager of the fund since 1999. Prior to joining Pioneer, he was a senior portfolio manager at Putnam Investments and the Treasurer of Home Owners Savings Bank. Ken is a member of Bond Analysts Society of Boston.

Howard Weiss

Start Date

Tenure

Tenure Rank

Apr 27, 2012

10.1

10.1%

Mr. Weiss, Vice President and Portfolio Manager of Amundi Pioneer joined Amundi Pioneer in 2007 and served as an associate portfolio manager and large cap core equity analyst. From October 2010 until August 2011, Mr. Weiss was an analyst at Surveyor Capital Group, a wholly owned subsidiary of Citadel Investment Group, LLC. In September 2011, he rejoined Amundi Pioneer as associate portfolio manager.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.56 13.0

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