Pioneer Investments manages $128 billion in assets and has a long-standing history of innovation with deep expertise managing fixed income portfolios and creating customized solutions within the more opportunistic areas of the securitized market.¹

Pioneer Investments’ culture of innovation, in the securitized market, originated at Smith Breeden, where its founders developed early option-adjusted spread modeling techniques for MBS valuation. The innovative approach continues under Victory Capital Management Inc., which manages over $8 billion for insurance companies. We are focused on delivering competitive risk-adjusted returns, while considering the accounting, regulatory, and capital management needs of our insurance clients to create long-term partnerships.  We understand the unique needs of insurers, and we provide customized and efficient risk-based capital solutions that align with insurers' risk tolerances and investment objectives. 

_{Source: Pioneer Investments, a Victory Capital Investment Franchise, as of June 30, 2025}