- What does PBYMX invest in?
- This fund typically allocates a minimum of 80% of its total assets (which includes any borrowed capital used for investment) to high-quality municipal debt instruments. These securities must have maturities exceeding one year and provide interest income that is exempt from ordinary federal income taxation. Furthermore, the fund generally avoids investments in bonds whose interest might be classified as a tax preference item for the federal Alternative Minimum Tax (AMT).
- What is the expense ratio of PBYMX?
- Victory Amt-Free Municipal Fund Class Y (PBYMX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PBYMX's dividend yield?
- PBYMX's trailing-twelve-month yield is 5.46%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PBYMX?
- Effective duration measures PBYMX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PBYMX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PBYMX?
- PBYMX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PBYMX?
- Yield to maturity (YTM) is the total return you'd earn from PBYMX if every bond in the portfolio is held to maturity at the current price. PBYMX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
