PBMFX

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.