Victory Amt-Free Municipal Fund Class A (PBMFX)

Fund Assets	342.96M
Expense Ratio	0.785%
Min. Investment	$1,000
Turnover	68.00%
Dividend (ttm)	0.62
Dividend Yield	5.53%
Dividend Growth	41.34%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.98
YTD Return	-6.39%
1-Year Return	-6.78%
5-Year Return	-16.14%
52-Week Low	10.82
52-Week High	12.67
Beta (5Y)	0.46
Holdings	118
Inception Date	Sep 30, 1996

About PBMFX

Victory Pioneer AMT-Free Municipal Fund Class A is a mutual fund focused on providing investors with income that is exempt from federal income tax. The fund primarily invests at least 80% of its net assets in investment-grade municipal securities, which are typically issued by state and local governments or their agencies across the United States. These holdings are carefully selected to minimize exposure to the federal alternative minimum tax, hence the "AMT-Free" designation, making the fund particularly relevant for investors seeking tax-advantaged income streams. The fund's portfolio is diversified across 134 individual holdings, achieving a weighted average maturity of over 11 years and a weighted average coupon of about 4.5%. As part of Victory Capital’s suite of municipal bond funds, Victory Pioneer AMT-Free Municipal Fund Class A plays a significant role in the fixed-income market by offering an income-oriented solution tailored to investors with a focus on preserving capital and enjoying tax benefits. The fund is managed by an experienced team with a deep background in municipal credit analysis, further reinforcing its position as a reliable option within the municipal bond sector.

• Fund Family: Victory Capital Management Inc.
• Category: Muni National Long
• Performance Rating: Low
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: PBMFX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

PBMFX had a total return of -6.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.04%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.75%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PBYMX	Class Y	0.49%
MNBCX	Class C	1.54%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04246	Sep 30, 2026
Aug 31, 2026	$0.04145	Aug 31, 2026
Jul 31, 2026	$0.04243	Jul 31, 2026
Jun 30, 2026	$0.0405	Jun 30, 2026
May 29, 2026	$0.03845	Jun 1, 2026
Apr 30, 2026	$0.03938	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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