# Portfolio overlap — PBYMX vs FGTHX Comparing **Victory AMT-Free Municipal Fund** (2026-03-31) and **Franklin Templeton SMACS Series H** (2026-02-28). - Shared positions: 3 - Victory AMT-Free Municipal Fund covered by Franklin Templeton SMACS Series H: 0.05185904815042407336777739694 - Franklin Templeton SMACS Series H covered by Victory AMT-Free Municipal Fund: 0.05185904815042407336777739694 ## Victory AMT-Free Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.044348 | ✓ | | NYC WTR VAR 6/15/2033 | 0.034067 | | | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts. | 0.029425 | | | State of Florida Department of Transportation Turnpike System, Series C | 0.029212 | | | University of Nebraska Facilities Corp/The | 0.026230 | | | Utah State University | 0.024899 | | | State of Ohio, Series A | 0.021577 | | | City of Chicago, Series A | 0.021163 | | | VIRGINIA TOBACCO SENIOR-SER B1 | 0.020952 | | | NEW YORK NY REGD V/R B/E 2.65000000 | 0.019757 | | | County of Miami-Dade FL Water & Sewer System Revenue | 0.019132 | | | GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000 | 0.018888 | | | FAYETTEVILLE SD#1 | 0.018218 | | | PENNSYLVANIA TURNPIKE COMMISSION OIL FRANCHISE TAX REVENUE (TOBS) | 0.017729 | | | NY DORM AUTH | 0.016203 | | | Loudoun (County of), VA Economic Development Authority (Howard Hughes Medical Institute, Inc), Series 2022, Ref. RB | 0.015998 | | | LIFESPACE COMMUNITIES INC OBLIGATED GROUP 5.125% 05-15-59 | 0.015125 | | | Montgomery County Higher Education and Health Authority | 0.014217 | | | TEXAS CHILDREN'S HOSPITAL OBLIGATED GROUP 3.0% 10-01-51 | 0.014155 | | | New York Liberty Development Corp | 0.013416 | | | NY TRANS FIN AUTH-E | 0.013408 | | | Indianapolis Local Public Improvement Bond Bank, Series 2025, Ref. RB | 0.013022 | | | Development Authority of Burke County (The), Series 2009-1 | 0.012842 | | | CEDARS-SINAI MEDICAL CENTER OBLIGATED GROUP 3.0% 08-15-51 | 0.012705 | | | New Hampshire Health and Education Facilities Authority Act | 0.012595 | | | Tender Option Bond Trust Receipts/Certificates | 0.012086 | | | GREATER TEXAS CULTURAL EDU FACS FIN CORP | 0.012074 | | | Hillsborough County Industrial Development Authority | 0.011780 | | | MASSACHUSETTS ST DEV FIN AGY | 0.011480 | | | MASS DEVEL FIN(BOSTON MED CTR) 5.25% 7/1/52 | 0.011150 | | | Virginia College Building Authority, Series 2021C | 0.010766 | | | ILLINOIS FIN AUTH LEASE REVENUE | 0.010488 | | | OH BUCGEN 5 06/01/2055 | 0.010353 | | | TOBACCO SETTLEMENT FING CORP R TOBGEN 06/52 ZEROCPNOID 0 | 0.010195 | | | Brevard (County of), FL Health Facilities Authority (Health First Obligated Group), Series 2022 A, Ref. RB | 0.010078 | | | Delaware (County of), PA Industrial Development Authority (Mercy Health Corp. of Southeastern PA), Series 2016 A, RB | 0.009074 | | | VIRGI VA 928103 5.50% 12/1/2054 | 0.009051 | | | State of Florida Department of Transportation Turnpike System, Series 2024B | 0.008968 | | | NORTH CAROLINA ST MED CARE COM REGD B/E 5.25000000 | 0.008947 | | | Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center), Series 2020, Ref. RB | 0.008862 | | | Colorado Health Facilities Authority | 0.008794 | | | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/55 FIXED OID 5.25 | 0.008561 | | | COVENANT LIVING COMMUNITIES AND SERVICES OBLIGATED GROUP 5.125% 12-01-55 | 0.008411 | | | City of Salt Lake City UT Airport Revenue | 0.008065 | | | DOWNTWN PUB INFRA-A | 0.007976 | | | ALLENTOWN PA CO 5% 7/1/2059 144A | 0.007719 | ✓ | | DEVELOPMENT AUTHORITY OF APPLING COUNTY | 0.007599 | | | EP ESSENTIAL HSG | 0.007536 | | | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2021 | 0.007340 | | | PUBLIC FIN AUTH WI REVENUE REGD B/E 5.25000000 | 0.007302 | | ## Franklin Templeton SMACS Series H — top positions | Security | Weight | Shared | |----------|--------|--------| | Franklin Dynamic Municipal Bond ETF | 0.090780 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.047872 | ✓ | | State of Illinois, Series MAY 2024 B | 0.037434 | | | NY NYTTRN 5.5 06/30/2060 | 0.022121 | | | MONTGOMERY HGR EDU-B | 0.017246 | | | CHARLOTTE-MECKLENBURG NC HOSPAUTH HLTH CARE SYS REVENUE | 0.013079 | | | HOMEWOOD EDUCTNL BL-C | 0.012853 | | | STATE OF ILLINOIS MCCORMICK PLACE EXPANSION PROJECT FUND 5.0% 06-15-53 | 0.011893 | | | SHELL POINT OBLIGATED GROUP 5.0% 11-15-54 | 0.011668 | | | NY MTA TRANSP 4% 11/15/2041 | 0.011304 | | | PROJECTNEW YORK TRANS | 0.010671 | | | Maricopa County Industrial Development Authority, Series 2024 | 0.010398 | | | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A | 0.010366 | | | OR FACS AUTH-B-REF | 0.009512 | | | UNITED AIRLINES INC 5.5% 07-15-39 | 0.009124 | | | City of Chicago, Series 2025A | 0.008763 | | | NATL FIN AUTH -C-REV | 0.008567 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.008173 | | | CHICAGO IL BRD OF EDU REGD B/E 6.00000000 | 0.008027 | | | Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings), Series 2025, Ref. RB | 0.007504 | | | RESTRUCTURED-SER A1 | 0.007256 | | | Wisconsin (State of) Public Finance Authority (Green Bonds), Series 2021, RB | 0.006995 | | | PREREF IOWA ST FIN AUTH MIDWSTRN DISA REGD B/E PREREFUNDED 12/01/32 @ 100 5.00000000 | 0.006525 | | | PUBLIC FIN AUTH WI CHRT SCH REVENUE | 0.006514 | | | RESTRUCTURED-SER A1 | 0.006373 | | | NYC HDC MF MTG 5.25% 12/15/2031 | 0.006189 | | | CHICAGO IL BRD OF EDU CHIEDU 12/47 FIXED OID 5.875 | 0.006144 | | | Tempe Industrial Development Authority, Series 2025, RB | 0.006119 | | | PRESBYTERIAN HOMES OBLIGATED GROUP 5.25% 07-01-48 | 0.006053 | | | New Hampshire (State of) Business Finance Authority (Grace Christian School), Series 2025, RB | 0.005978 | | | GRND CANYON UNIV | 0.005978 | | | Tempe Industrial Development Authority, Series 2019 | 0.005819 | | | DENVER HLTH & HOSP | 0.005780 | | | CHICAGO IL BRD OF EDU DEDICATE REGD B/E 5.75000000 | 0.005698 | | | ALLENTOWN PA CO 5% 7/1/2059 144A | 0.005518 | ✓ | | RI H and E BLDG CO 5% 7/1/2055 | 0.005502 | | | CAPITAL PROJS FL FIN AUTH STUD REGD OID B/E 5.00000000 | 0.005398 | | | California Community Housing Agency, Series 2021 A-2 | 0.005256 | | | Sierra Vista Industrial Development Authority, Series 2021 A | 0.004979 | | | GOLDEN ST CONNECT | 0.004810 | | | COLORADO ST HLTH FACS AUTH REVENUE | 0.004771 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.004767 | | | NY TRANS CORP 5% 12/1/2041 @ | 0.004688 | | | City of Princeton TX | 0.004671 | | | Town of La Plata, Series 2023 A | 0.004590 | | | Okaloosa County, FL Industrial Development Rev. (Air Force Enlisted Village, Inc.) | 0.004509 | | | Ohio Higher Educational Facility Commission 5.50% 12/01/2053 | 0.004399 | | | CMFA SPL FIN AGY VII CA ESSENT REGD B/E 4.00000000 | 0.004372 | | | Knightsbridge Community Development District, Series 2024 | 0.004256 | | | Waterset South Community Development District, Series 2026 | 0.004219 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-004390` (as of 2026-03-31) - N-PORT (fund B) — accession `0002071691-26-008620` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. 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