M&A - Victory Portfolios IV

Form Type: N-CSRS

Filing Date: 2025-05-09

Corporate Action: Merger

Type: Update

Accession Number: 000119312525116639

Filing Summary: Victory Portfolios IV has filed its semi-annual shareholder report for the period ending February 28, 2025. This report details changes concerning the Victory Pioneer Disciplined Growth Fund, including costs incurred by shareholders, net assets totaling $2,054,593,152, and a portfolio turnover rate of 37%. Notably, the report outlines a merger where the Predecessor Fund, Pioneer Disciplined Growth Fund, was reorganized into Victory Pioneer Disciplined Growth Fund effective April 1, 2025. In this merger, shareholders of the Predecessor Fund received corresponding shares of the new Fund. Additionally, details regarding adviser changes, combined management resources, and upcoming communication of financial reports were included. The report emphasizes the importance of cost efficiency for shareholders, with specific sections dedicated to individual class shares and their associated costs on a $10,000 investment.

Form Type: 497

Filing Date: 2025-02-12

Corporate Action: Merger

Type: New

Accession Number: 000168386325000707

Filing Summary: Victory Portfolios IV has filed a notice regarding a special shareholder meeting scheduled for March 27, 2025, where shareholders will vote on the proposed Agreement and Plan of Reorganization (the 'Plan of Reorganization'). This plan involves the reorganization of various Pioneer Funds into newly created corresponding series of Victory Portfolios IV (referred to as 'Victory Pioneer Funds'). The goal of the reorganizations is to align the advisory businesses of Amundi Asset Management and Victory Capital Management following a contribution agreement entered into on July 8, 2024. The document outlines the details of the proposed reorganizations, including the objectives and strategies of the new funds, adjustments to certain investment policies, expense limitations, and the lack of expected tax consequences from these reorganizations. Furthermore, the Board recommends that shareholders exercise their right to vote on the proposal, and instructions for participation in the meeting are provided.

Form Type: N-14/A

Filing Date: 2025-02-07

Corporate Action: Merger

Type: Update

Accession Number: 000168386325000669

Filing Summary: On February 7, 2025, Victory Portfolios IV filed Pre-Effective Amendment No. 2 to its N-14 registration statement. This filing outlines the proposed reorganization of numerous Pioneer Funds into newly created series of Victory Portfolios IV, named the Victory Pioneer Funds. A joint special meeting of shareholders for these funds is scheduled for March 27, 2025, where shareholders will vote on the proposed Agreement and Plan of Reorganization. If approved, each Acquired Fund will reorganize into a corresponding Acquiring Fund with the same investment objectives and strategies, except for specific funds which may have adjusted investment policies. The reorganizations are expected to close in alignment with a transaction involving Victory Capital and Amundi Asset Management's integration, ensuring a seamless transition for shareholders. No material changes in portfolio management are anticipated post-reorganization, although net expenses for the Victory Pioneer Funds will be capped at levels associated with the respective Pioneer Funds for a minimum of three years. Shareholders are encouraged to vote via various methods outlined in the Proxy Statement/Prospectus, which details the rationale and implications of the proposed reorganization.

Form Type: N-14/A

Filing Date: 2025-02-03

Corporate Action: Merger

Type: New

Accession Number: 000168386325000516

Filing Summary: Victory Portfolios IV filed a Pre-Effective Amendment No. 1 to its Registration Statement under the Securities Act of 1933. This document outlines the planned reorganization of multiple Pioneer Funds into corresponding Victory Pioneer Funds. The reorganization requires shareholder approval at a joint special meeting scheduled for March 27, 2025. The Victory Pioneer Funds will maintain similar investment objectives and strategies to their corresponding Pioneer Funds, with some noted exceptions. The reorganization is planned as a direct result of Victory Capital’s integration with Amundi Asset Management following a related transaction. The filing includes reference to the proxy statement/prospectus that details the Accquired and Acquiring Funds involved. No sales charges or transaction fees will be assessed to shareholders due to this reorganization, which is generally expected not to result in taxable gains or losses for shareholders under U.S. federal income tax law. The boards recommend that shareholders vote in favor of the reorganization proposals.

Form Type: N-14

Filing Date: 2024-12-18

Corporate Action: Merger

Type: New

Accession Number: 000168386324009294

Filing Summary: Victory Portfolios IV has filed a Registration Statement under the Securities Act of 1933. The filing relates to a Plan of Reorganization where each of the Pioneer Funds will be reorganized into newly created corresponding series of Victory Portfolios IV. The purpose of the Reorganization is to integrate the advisory businesses of Amundi US and Victory Capital in conjunction with the Contribution Agreement dated July 8, 2024, where Amundi Asset Management will contribute its subsidiary, Amundi Holdings, to Victory Holdings. The proposed Reorganizations are expected to lead to no gain or loss recognition for shareholders, and will not incur transaction fees solely due to the Reorganizations. The Boards of Trustees recommend approval, stating it’s in the best interest of each Pioneer Fund. Shareholders will vote on these reorganizations at a joint special meeting scheduled for 2025.