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Name

As of 06/01/2026

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 Global Equity Fund

GCSLX | Fund

$25.51

$823 M

1.14%

$0.29

1.89%

Vitals

YTD Return

15.3%

1 yr return

39.9%

3 Yr Avg Return

24.6%

5 Yr Avg Return

14.3%

Net Assets

$823 M

Holdings in Top 10

31.9%

52 WEEK LOW AND HIGH

$25.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.89%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 91.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Global Equity Fund

GCSLX | Fund

$25.51

$823 M

1.14%

$0.29

1.89%

GCSLX - Profile

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return 24.6%
  • 5 Yr Annualized Total Return 14.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Victory Pioneer Global Equity Fund
  • Fund Family Name
    Victory Portfolios
  • Inception Date
    Dec 16, 2005
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Marco Pirondini

Fund Description

Normally, the Fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of issuers located throughout the world. Derivative instruments that provide exposure to such securities or have similar economic characteristics may be used to satisfy the Fund’s 80% policy. The Fund’s principal focus is on companies that exhibit solid fundamental characteristics and are underappreciated by the market. The Fund may invest in securities of any market capitalization, and in securities in any industry or market sector. The Fund may invest in both developed and emerging markets without limit. The Fund may invest in initial public offerings of equity securities.Normally, the Fund invests at least a minimum percentage of its net assets in issuers located outside of the United States. The minimum percentage is the lesser of (a) 40% or (b) the percentage of the MSCI World NR Index that is represented by non-U.S. issuers from time to time minus 5 percentage points. For example, if non-U.S. issuers represent 42% of the MSCI World NR Index, the minimum percentage is 37%, and in that case the Fund will normally invest at least 37% of its net assets in issuers located outside of the United States. Notwithstanding the foregoing, if the minimum percentage determined as described above is more than 30%, the minimum percentage may be reduced to 30% for so long as market conditions for these investments or in specific foreign markets are deemed unfavorable by the Adviser. For the purposes of satisfying this policy, the Fund may invest in derivative instruments that provide exposure to such non-U.S. issuers or have similar economic characteristics. Non-U.S. issuers are issuers that are organized under the laws of a country outside of the United States, issuers with a principal office located in a country outside of the United States, issuers that derive at least 50% of their gross revenues or profits from goods or services produced in a country outside of the United States or sales made in a country outside of the United States, or issuers that have at least 50% of their assets in a country outside of the United States.For purposes of the Fund’s investment policies, equity securities include common stocks and other equity instruments, such as funds that invest primarily in equity securities, depositary receipts, warrants, rights, and preferred stocks.Subject to the Fund’s 80% investment policy, the Fund may invest up to 20% of its total assets in debt securities, and cash and cash equivalents. Generally, the Fund acquires investment-grade debt securities, but the Fund may invest up to 5% of its net assets in below-investment-grade debt securities (known as “junk bonds”).The Fund may purchase and sell forward foreign currency exchange contracts in non-U.S. currencies in connection with its investments, including as a means of managing relative currency and country exposure. The Fund may also use derivatives, including stock index futures and options and futures on equity-based volatility indices, 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 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 integrates a top-down view of the global macro-economic landscape with fundamental, bottom up, equity analysis. The investment process combines the skill of the Adviser’s macroeconomic analyst and fundamental equity research teams in a rigorous risk adjusted portfolio construction process. Using this investment style, the Adviser seeks to invest in those issuers that have a competitive advantage that can be maintained over time when they trade at reasonable valuations or when they have growth opportunities that are not reflected yet in the valuation. In selecting stocks, the Adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. 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. The Adviser generally sells a portfolio security when the target price is reached, a better opportunity is identified or fundamentals have deteriorated. The Adviser makes that determination based upon the same criteria it uses to select portfolio securities.The Fund may consider various non-financial ratings or factors, where applicable, through quantitative models or qualitative assessment. The significance these considerations have on security selection varies widely, as the analysis is inherently subjective. Further, the consideration of such factors may not apply to certain instruments and the consideration of such factors is only a part of the investment process.
Read More

GCSLX - Performance

Return Ranking - Trailing

Period GCSLX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -35.6% 29.2% 6.71%
1 Yr 39.9% 17.3% 252.4% 26.02%
3 Yr 24.6%* -3.5% 34.6% 67.03%
5 Yr 14.3%* 0.1% 32.7% 59.60%
10 Yr 13.0%* -6.9% 18.3% 64.56%

* Annualized

Return Ranking - Calendar

Period GCSLX Return Category Return Low Category Return High Rank in Category (%)
2025 25.4% -24.3% 957.1% 32.98%
2024 3.6% -38.3% 47.1% 43.87%
2023 15.0% -54.2% 0.6% 92.87%
2022 -15.5% -76.0% 54.1% 42.17%
2021 0.7% -26.1% 47.8% 47.53%

Total Return Ranking - Trailing

Period GCSLX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.3% -35.6% 29.2% 6.82%
1 Yr 39.9% 11.4% 252.4% 27.84%
3 Yr 24.6%* -3.5% 34.6% 64.96%
5 Yr 14.3%* 0.1% 32.7% 58.12%
10 Yr 13.0%* -6.9% 18.3% 62.52%

* Annualized

Total Return Ranking - Calendar

Period GCSLX Return Category Return Low Category Return High Rank in Category (%)
2025 40.0% -24.3% 957.1% 32.98%
2024 10.6% -33.1% 47.1% 44.25%
2023 15.8% -44.4% 1.8% 78.20%
2022 -10.5% -6.5% 54.1% 62.08%
2021 22.8% -14.4% 47.8% 61.72%

NAV & Total Return History

GCSLX - Holdings

Concentration Analysis

GCSLX Category Low Category High GCSLX % Rank
Net Assets 823 M 199 K 133 B 60.31%
Number of Holdings 84 1 9075 40.86%
Net Assets in Top 10 254 M -18 M 37.6 B 61.45%
Weighting of Top 10 31.94% 9.1% 100.0% 62.24%

Top 10 Holdings

  1. SAMSUNG ELECTRONICS CO LTD 5.57%
  2. AMAZON COM INC 3.98%
  3. BANK OF AMERICA CORP 3.97%
  4. ALPHABET INC CLASS A 3.86%
  5. CRH PLC 2.86%
  6. EVERSOURCE ENERGY 2.79%
  7. KB FINANCIAL GROUP INC 2.38%
  8. REGIONS FINANCIAL CORP 2.33%
  9. CISCO SYSTEMS INC 2.18%
  10. BANK OF IRELAND GROUP PLC 2.03%

Asset Allocation

Weighting Return Low Return High GCSLX % Rank
Stocks 		92.96% 61.84% 125.47% 48.13%
Bonds 		2.13% -1.50% 161.67% 20.15%
Cash 		1.19% -174.70% 23.12% 46.37%
Preferred Stocks 		0.00% -0.01% 5.28% 24.67%
Convertible Bonds 		0.00% 0.00% 4.46% 16.19%
Other 		-0.52% -13.98% 19.14% 33.48%

Stock Sector Breakdown

Weighting Return Low Return High GCSLX % Rank
Financial Services 		23.42% 0.00% 38.42% 15.75%
Technology 		20.96% 0.00% 49.87% 33.92%
Healthcare 		11.94% 0.00% 35.42% 79.52%
Consumer Cyclical 		9.22% 0.00% 40.94% 47.03%
Basic Materials 		8.00% 0.00% 38.60% 27.53%
Industrials 		7.95% 0.00% 44.06% 56.17%
Energy 		7.12% 0.00% 21.15% 6.61%
Consumer Defense 		5.44% 0.00% 73.28% 75.44%
Communication Services 		5.36% 0.00% 57.66% 68.39%
Utilities 		0.59% 0.00% 29.12% 27.20%
Real Estate 		0.00% 0.00% 39.48% 77.86%

Stock Geographic Breakdown

Weighting Return Low Return High GCSLX % Rank
US 		56.50% 0.13% 103.82% 51.10%
Non US 		36.46% 0.58% 99.46% 41.96%

Bond Sector Breakdown

Weighting Return Low Return High GCSLX % Rank
Cash & Equivalents 		0.00% 0.00% 100.00% 7.05%
Securitized 		0.00% 0.00% 24.65% 9.62%
Corporate 		0.00% 0.00% 99.70% 33.78%
Municipal 		0.00% 0.00% 0.70% 9.62%
Government 		0.00% 0.00% 100.00% 17.56%
Derivative 		-0.52% 0.00% 100.00% 20.92%

Bond Geographic Breakdown

Weighting Return Low Return High GCSLX % Rank
US 		2.13% -0.01% 130.80% 20.15%
Non US 		0.00% -11.21% 30.87% 14.98%

GCSLX - Expenses

Operational Fees

GCSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.01% 44.27% 15.96%
Management Fee 0.65% 0.00% 1.82% 37.20%
12b-1 Fee 1.00% 0.00% 1.00% 80.27%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

GCSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 23.00%

Trading Fees

GCSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GCSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 91.00% 0.00% 395.00% 89.45%

GCSLX - Distributions

Dividend Yield Analysis

GCSLX Category Low Category High GCSLX % Rank
Dividend Yield 1.14% 0.00% 3.26% 14.22%

Dividend Distribution Analysis

GCSLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

GCSLX Category Low Category High GCSLX % Rank
Net Income Ratio 0.79% -4.27% 12.65% 64.89%

Capital Gain Distribution Analysis

GCSLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GCSLX - Fund Manager Analysis

Managers

Marco Pirondini

Start Date

Tenure

Tenure Rank

Sep 01, 2010

11.75

11.8%

From 2004 until 2010, Mr. Pirondini was Global Chief Investment Officer of Amundi Pioneer, overseeing equity, fixed income, balanced, and quantitative portfolio management, and quantitative and fundamental research divisions. Mr. Pirondini, Senior Managing Director and Head of Equities, U.S., joined a predecessor organization to Amundi Pioneer in 1991. Marco has a Masters in Finance and is an Economics graduate of the Bocconi University, Milan.

John Peckham

Start Date

Tenure

Tenure Rank

Dec 09, 2019

2.48

2.5%

Mr. Peckham, senior vice president and portfolio manager, joined Pioneer in 2002. He formerly was the Head of Global Fundamental Research. He is a member of the Global Equity team, and a member of the U.S. Equity staff since 2002.

Brian Chen

Start Date

Tenure

Tenure Rank

Dec 09, 2019

2.48

2.5%

Brian Chen joined Clough Capital in 2010 and currently serves as a Portfolio Manager for the Clough China Fund. Brian has over 27 years of Asia investment industry experience and covers investments in that region. Prior to joining the Firm, Brian was an Analyst at both Liberty Square Asset Management and Grosvenor Street Capital concentrating on public equities, and he also worked at ChinaVest on the private equity side. Brian also has extensive Wall Street experience from earlier in his career having worked at Salomon Brothers, Credit Suisse First Boston and ING-Barings. Additionally, Brian is a CFA® charterholder and holds a B.A. in Economics from Duke University as well as an MBA with concentrations in Finance and International Business from Columbia University Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25

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