Frequently Asked Questions About PBYMX

What are the top holdings of PBYMX?

A machine-readable holdings disclosure for Victory Amt-Free Municipal Fund Class Y (PBYMX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does PBYMX invest in?

Victory Amt-Free Municipal Fund Class Y (PBYMX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is PBYMX most exposed to?

PBYMX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is PBYMX a US-only fund?

The country allocation card on this page shows PBYMX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

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).

PBYMX

Victory Amt-Free Municipal Fund Class Y

NASDAQ·Asset Management · Financial Services

$11.18$0.05+0.45%

Market closed·Oct 23 4:00 PM EDT

Portfolio as of March 31, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

113

holdings

74529JPX7
PUERTO RICO SALES TAX FING CORP SALES TAX REV
4.18%
64972GZW7
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV
3.21%
472682ZS5
JEFFERSON CNTY ALA SWR REV
2.78%
343137MR3
FLORIDA ST TPK AUTH TPK REV
2.76%
914639LH0
UNIVERSITY NEB FACS CORP REV
2.47%
917563UE6
UTAH ST UNIV REV
2.35%
67756CFY9
OHIO ST HOSP REV
2.04%
167486E39
CHICAGO ILL
2.00%
88880NAU3
TOBACCO SETTLEMENT FING CORP VA
1.98%
64966MU98
City of New York
1.86%
Other
103 more holdings
68.71%

Top 10 holdings

25.62%

Top 25 holdings

47.10%

Concentration index

0.0150

Effective holdings

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (113)

#	TickerHolding	Name	Weight	Shares	Market Value
1	74529JPX774529JPX7PUERTO RICO SALES TAX FING CORP SALES TAX REV	PUERTO RICO SALES TAX FING CORP SALES TAX REV	4.18%	18.50M	$17.51M
2	64972GZW764972GZW7NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV	NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV	3.21%	13.45M	$13.45M
3	472682ZS5472682ZS5JEFFERSON CNTY ALA SWR REV	JEFFERSON CNTY ALA SWR REV	2.78%	11.28M	$11.62M
4	343137MR3343137MR3FLORIDA ST TPK AUTH TPK REV	FLORIDA ST TPK AUTH TPK REV	2.76%	16.00M	$11.53M
5	914639LH0914639LH0UNIVERSITY NEB FACS CORP REV	UNIVERSITY NEB FACS CORP REV	2.47%	14.75M	$10.36M
6	917563UE6917563UE6UTAH ST UNIV REV	UTAH ST UNIV REV	2.35%	13.11M	$9.83M
7	67756CFY967756CFY9OHIO ST HOSP REV	OHIO ST HOSP REV	2.04%	10.00M	$8.52M
8	167486E39167486E39CHICAGO ILL	CHICAGO ILL	2.00%	8.35M	$8.36M
9	88880NAU388880NAU3TOBACCO SETTLEMENT FING CORP VA	TOBACCO SETTLEMENT FING CORP VA	1.98%	10.00M	$8.27M
10	64966MU9864966MU98City of New York	City of New York	1.86%	7.80M	$7.80M
11	59334DLX059334DLX0MIAMI-DADE CNTY FLA WTR & SWR REV	MIAMI-DADE CNTY FLA WTR & SWR REV	1.80%	10.00M	$7.55M
12	38122NB8438122NB84GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV	GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV	1.78%	75.00M	$7.46M
13	312680ED9312680ED9FAYETTEVILLE ARK SCH DIST NO 001	FAYETTEVILLE ARK SCH DIST NO 001	1.72%	8.00M	$7.19M
14	709221VZ5709221VZ5PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV	PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV	1.67%	8.00M	$7.00M
15	64990GYA464990GYA4NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT	NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT	1.53%	9.00M	$6.40M
16	54601TAB254601TAB2LOUDOUN CNTY VA ECONOMIC DEV AUTH REV	LOUDOUN CNTY VA ECONOMIC DEV AUTH REV	1.51%	7.00M	$6.32M
17	46247SFV146247SFV1IOWA FIN AUTH REV	IOWA FIN AUTH REV	1.43%	6.50M	$5.97M
18	613603M89613603M89MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV	MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV	1.34%	8.00M	$5.61M
19	414009QY9414009QY9HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV	HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV	1.34%	8.00M	$5.59M
20	649519EC5649519EC5NEW YORK LIBERTY DEV CORP LIBERTY REV	NEW YORK LIBERTY DEV CORP LIBERTY REV	1.27%	7.50M	$5.30M

Showing 20 of 113

Sectors

The fund issuer's factsheet may carry this breakdown directly.

Countries

Domicile

United States · 94.33%

Asset Classes

Primary asset class

Fixed income

Strategy

Thematic

Income strategy

Bond yield

Issuer-reported asset class: Bond

Frequently Asked Questions About PBYMX

What are the top holdings of PBYMX?: A machine-readable holdings disclosure for Victory Amt-Free Municipal Fund Class Y (PBYMX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
What sectors does PBYMX invest in?: Victory Amt-Free Municipal Fund Class Y (PBYMX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is PBYMX most exposed to?: PBYMX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is PBYMX a US-only fund?: The country allocation card on this page shows PBYMX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
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).

TickerHolding

Name

Weight

Market Value

74529JPX774529JPX7PUERTO RICO SALES TAX FING CORP SALES TAX REV

PUERTO RICO SALES TAX FING CORP SALES TAX REV

4.18%

18.50M

$17.51M

64972GZW764972GZW7NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV

3.21%

13.45M

$13.45M

472682ZS5472682ZS5JEFFERSON CNTY ALA SWR REV

JEFFERSON CNTY ALA SWR REV

2.78%

11.28M

$11.62M

343137MR3343137MR3FLORIDA ST TPK AUTH TPK REV

FLORIDA ST TPK AUTH TPK REV

2.76%

16.00M

$11.53M

914639LH0914639LH0UNIVERSITY NEB FACS CORP REV

UNIVERSITY NEB FACS CORP REV

2.47%

14.75M

$10.36M

917563UE6917563UE6UTAH ST UNIV REV

UTAH ST UNIV REV

2.35%

13.11M

$9.83M

67756CFY967756CFY9OHIO ST HOSP REV

OHIO ST HOSP REV

2.04%

10.00M

$8.52M

167486E39167486E39CHICAGO ILL

CHICAGO ILL

2.00%

8.35M

$8.36M

88880NAU388880NAU3TOBACCO SETTLEMENT FING CORP VA

TOBACCO SETTLEMENT FING CORP VA

1.98%

10.00M

$8.27M

64966MU9864966MU98City of New York

City of New York

1.86%

7.80M

$7.80M

59334DLX059334DLX0MIAMI-DADE CNTY FLA WTR & SWR REV

MIAMI-DADE CNTY FLA WTR & SWR REV

1.80%

10.00M

$7.55M

38122NB8438122NB84GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV

1.78%

75.00M

$7.46M

312680ED9312680ED9FAYETTEVILLE ARK SCH DIST NO 001

FAYETTEVILLE ARK SCH DIST NO 001

1.72%

8.00M

$7.19M

709221VZ5709221VZ5PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV

1.67%

8.00M

$7.00M

64990GYA464990GYA4NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT

1.53%

9.00M

$6.40M

54601TAB254601TAB2LOUDOUN CNTY VA ECONOMIC DEV AUTH REV

LOUDOUN CNTY VA ECONOMIC DEV AUTH REV

1.51%

7.00M

$6.32M

46247SFV146247SFV1IOWA FIN AUTH REV

IOWA FIN AUTH REV

1.43%

6.50M

$5.97M

613603M89613603M89MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV

MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV

1.34%

8.00M

$5.61M

414009QY9414009QY9HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV

1.34%

8.00M

$5.59M

649519EC5649519EC5NEW YORK LIBERTY DEV CORP LIBERTY REV

NEW YORK LIBERTY DEV CORP LIBERTY REV

1.27%

7.50M

$5.30M