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Launched

VictoryShares Pioneer Asset-Based Inc ETF

ABINasdaqVictory CapitalD

$24.57−0.01 (−0.04%)

At close: Nov 2, 2026, 4:00 PM ET

D36/ 100

Rank 26 of 34 in Collateralized Loan Obligations (CLO)

D36/100Rank 26 of 34inCollateralized Loan Obligations (CLO)
Intraday session: down, 79 prints from 24.59 to 24.57. Range 24.55 to 24.58. Use the arrow keys to read each point.24.5524.5624.5724.5810 AM12 PM2 PM4 PM
Expense ratio
0.65%*
Fund size
$548M
1Y total return
+4.5%
Yield · Last 12 months
6.06%
Holdings
250
Avg volume · 30D
215K sh
52W range
low $24.36high $25.10
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.78%.

The ETF.net ABI Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
26 of 34
Six-pillar profile for ABI. Scores out of 100: Cost 3, Risk 53, Mission not scored, Tradability 61, Holdings 58, Durability 71. Strongest: Durability (71). Weakest: Cost (3). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F3 out of 100
    Rank 33 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 17 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 10 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 18 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 9 of 34

Our read on ABI

ETF.net Research

In short

DMost funds in this corner buy one thing: AAA CLO tranches. ABI roams the whole securitized aisle instead (CLOs, CMOs, CMBS, ABS), stock-picked by an active manager into a compact bond book that pays monthly.

Stated mandate

The Fund seeks attractive total return by primarily investing in asset-based income investments, including debt instruments collateralized by specific assets such as CMOs, CLOs, CMBS, and ABS.

Why people hold it

  • Broader mandate than the AAA-CLO crowd: the fund invests across asset-backed income, including CMOs, CLOs, CMBS and ABS, rather than a single slice of the securitized market.
  • Actively managed and concentrated, roughly 40 positions. A human is picking which collateral pools to own instead of buying the index wholesale.
  • Pays monthly, which suits investors who like their bond income arriving on a regular cadence.

Worth knowing

  • Active management carries an active price: 0.87% a year, against the 0.19% to 0.20% charged by the large AAA CLO funds like JAAA, CLOA and PAAA.
  • Launched in June 2025, so the track record is short and the fund trades lightly. Thin volume can mean wider gaps between the price you pay and the value of the bonds inside.
  • Reaching beyond AAA CLOs into CMBS, ABS and CMOs adds credit and complexity that a pure top-tranche fund avoids. More levers to pull, more that can move.

ABI Holdings

Holdings pillarB58 out of 100Rank 18 of 34 in Collateralized Loan Obligations (CLO)
Asset class
Bonds
Holdings
250
Top-10 weight
27%
Largest holding
Us T-Bill Dn 11/3/20269.1%

Geography

  • United States91.92%
  • Cayman Islands7.89%
  • Bermuda0.11%
  • Ireland0.08%
The fund’s holdings, weight-ordered — page 1 of 17.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUs T-Bill Dn 11/3/20269.10%50,000,000$50M20
2No dataFn MA6207# 5.50% 10/1/562.27%12,789,171$12.5M2
3No dataFr RQ0166 5.5% 10/01/562.26%12,712,378$12.4M4
4No dataFn MA6176# 5.50% 9/1/562.25%12,661,968$12.4M4
5No dataFr RQ0155 5.5% 09/01/562.24%12,589,919$12.3M4
6No dataFr RQ0146# 5.50% 8/1/562.21%12,416,378$12.1M5
7No dataUs T-Bill Dn 12/03/262.18%12,000,000$12M36
8No dataUs T-Bill Dn 12/22/20262.17%12,000,000$11.9M12
9No dataClcre 2026 Vrn 04/19/20441.43%7,850,000$7.84M5
10No dataBds 2026-F Vrn 02/19/20441.26%7,000,000$6.95M4
11No dataPaid 2025- 5.44% 03/15/331.26%6,969,731$6.95M2
12No dataD2 2026-FL Vrn 11/19/20431.25%6,880,000$6.86M4
13No dataCas 2026-R Vrn 08/25/20461.19%6,521,087$6.52M7
14No dataGrade 2026 Vrn 04/25/20561.13%6,225,403$6.21M1
15No dataGsreft 202 Vrn 04/19/20431.09%6,028,000$6.01M3

Showing 1–15 of 250 holdings

ABI Performance

Launched Jun 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ABI$10,454
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ABI $10,454. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ABI. Periods over one year show the average yearly return.
PeriodABI
Year to date+3.7%
1 month+0.5%
3 months+0.3%
1 year+4.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ABI
YearReturn barABI
2026 YTD+3.7%
2025+2.0%

History from Jun 26, 2025

ABI in the news

ABI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.06%Last 12 months
Payout per share
$1.49Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 16 payments from 2025 to 2026 YTD. Jul 10, 2025 $0.02; Aug 6, 2025 $0.08; Sep 8, 2025 $0.13; Oct 9, 2025 $0.15; Nov 7, 2025 $0.12; Dec 11, 2025 $0.25; Jan 8, 2026 $0.02; Feb 9, 2026 $0.13; Mar 10, 2026 $0.13; Apr 9, 2026 $0.14; May 8, 2026 $0.13; Jun 9, 2026 $0.12; Jul 9, 2026 $0.14; Aug 7, 2026 $0.12; Sep 9, 2026 $0.13; Oct 8, 2026 $0.07. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 8, 2026Oct 9, 2026$0.07
Sep 9, 2026Sep 10, 2026$0.13
Aug 7, 2026Aug 10, 2026$0.12
Jul 9, 2026Jul 10, 2026$0.14
Jun 9, 2026Jun 10, 2026$0.12
May 8, 2026May 11, 2026$0.13
Apr 9, 2026Apr 10, 2026$0.14
Mar 10, 2026Mar 11, 2026$0.13
Feb 9, 2026Feb 10, 2026$0.13
Jan 8, 2026Jan 9, 2026$0.02
Dec 11, 2025Dec 12, 2025$0.25
Nov 7, 2025Nov 10, 2025$0.12

See all 16 payments⁠

$10,000 in ABI 1 year ago paid $597 in dividends.⁠

ABI Risk

Risk pillarC53 out of 100Rank 17 of 33 in Collateralized Loan Obligations (CLO)
How much the fund’s monthly returns vary, scaled to a year.
1.5%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.24
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−1.0%
16 months · trough Sep 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ABI Cost

Compare ABI and CLOC

Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)

$8,968

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ABI 0.65%

    $12,717

  • CLOC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • ABI 0.65%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530ABI $12,717CLOC $3,749

Year by year

YearABICLOCOverpaying
10$1,163$328$835
20$4,440$1,281$3,159
30$12,717$3,749$8,968
How the 0.65% is worked out

Full fee 0.78%− waiver 0.13%= you pay 0.65%

The waiver ends Oct 31, 2027. After that the fee is 0.78% unless Victory Capital renews it. Source: prospectus, Oct 2026.

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