PBYMX

About PBYMX

Victory Pioneer AMT-Free Municipal Fund Class Y is a mutual fund focused on delivering high levels of current interest income that is exempt from federal income tax. Its primary function is to invest a substantial portion—at least 80%—of its net assets in municipal bonds and related debt securities issued by or on behalf of U.S. states, counties, municipalities, and their agencies or authorities. The bonds selected for the portfolio are generally free from federal taxes, aiming to provide tax-advantaged income for investors. The fund carefully diversifies its holdings across a variety of states and sectors to help mitigate risk and promote stability. It specifically targets maintaining capital stability while generating tax-exempt income, making it suitable for investors seeking to preserve wealth with minimized federal tax liability. Featuring over 130 holdings, Victory Pioneer AMT-Free Municipal Fund Class Y plays a notable role within the market for tax-free income solutions, providing access to a broad range of municipal debt instruments and appealing to individuals interested in income generation with a focus on tax efficiency.