# Portfolio overlap — PBYMX vs HIMYX Comparing **Victory AMT-Free Municipal Fund** (2026-03-31) and **Victory Pioneer High Income Municipal Fund** (2026-02-28). - Shared positions: 11 - Victory AMT-Free Municipal Fund covered by Victory Pioneer High Income Municipal Fund: 0.06615994017556753479666743024 - Victory Pioneer High Income Municipal Fund covered by Victory AMT-Free Municipal Fund: 0.06615994017556753479666743025 ## 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 | | ## Victory Pioneer High Income Municipal Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | City of Hammond IN | 0.035027 | | | GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000 | 0.025133 | ✓ | | GOLDEN ST TOBACCO-A1 | 0.022587 | | | BUCKEYE TOBACCO SETTLEMENT FIN BUCGEN 06/57 ZEROCPNOID 0 | 0.022578 | | | Nassau County Tobacco Settlement Corp., Series A-3 | 0.020966 | | | WI PUBTRN 5.75 06/30/2060 | 0.020520 | | | Arlington Higher Education Finance Corp | 0.019900 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.019879 | | | Vail Home Partners Corp., Series 2025 | 0.019110 | | | Southwestern Illinois Development Authority | 0.016387 | | | Kansas Development Finance Authority Revenue Bonds, Village Shalom Project, Series 2018A | 0.015688 | | | Phoenix Industrial Development Authority, Arizona, Multi-Family Housing Revenue Bonds, 3rd and Indian Road Assisted Living Project, Series 2016 | 0.014488 | | | Inland Empire Tobacco Securitization Corp., Series 2007C-1 | 0.014105 | | | GA PWR - SOUTHERN CO 18-1 V1 | 0.013450 | ✓ | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.013284 | | | Greater Texas Cultural Education Facilities Finance Corp | 0.012887 | | | Delaware (County of), PA Industrial Development Authority (Mercy Health Corp. of Southeastern PA), Series 2016 A, RB | 0.011861 | ✓ | | FL ST DEV FIN CORP | 0.011836 | | | Indiana (State of) Housing & Community Development Authority (Lake Meadows Assisted Living), Series 2019 A, RB | 0.011688 | | | New York Counties Tobacco Trust IV, Tobacco Settlement Pass-Through Bonds, Turbo Term Series 2005A | 0.011597 | | | INDIANA ST HSG & CMNTY DEV AUTH MF HSG REVENUE | 0.011317 | | | County of Otero NM | 0.011201 | | | City of Detroit MI | 0.011133 | | | PUERTO RICO CMWLTH | 0.011121 | | | Westchester County Local Development Corp. (Purchase Senior Learning Community, Inc.), Series 2021, Ref. RB | 0.010388 | | | UNITED STATES STEEL CORP 5.45% 09-01-52 | 0.009871 | | | PORT OF PORT ARTHUR TX NAV DIST | 0.009807 | | | City of Anderson, Series 2020 A | 0.009774 | | | VA TOBGEN 6.71 06/01/2046 | 0.009563 | | | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE | 0.009555 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.009485 | | | WI PUBTRN 5.75 12/31/2065 | 0.009472 | | | New York Counties Tobacco Trust VI, Series A-2B | 0.009174 | | | AEROTROPOLIS REGL TRANPRTN AUT REGD B/E 5.75000000 | 0.009158 | | | New York Counties Tobacco Trust VI, Series 2016 A-2, Ref. RB | 0.009146 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.008906 | ✓ | | Michigan Strategic Fund | 0.008770 | | | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022 | 0.008668 | | | Michigan Finance Authority | 0.008384 | | | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Mariana Bracetti Academy Project, Taxable Series 2020B | 0.008378 | | | District of Columbia Tobacco Settlement Financing Corp., Series 2006 A, RB | 0.008077 | | | PORT PORT ARTHUR TX NAV DIST VAR-MOTIVA ENTERPRISES PJ-A | 0.007986 | | | California Municipal Finance Authority | 0.007984 | | | CAPITAL TRUST AGY FL STUDENT HSG REVENUE | 0.007964 | | | Puerto Rico Industrial Development Co., Series 2023 | 0.007886 | | | Philadelphia Authority for Industrial Development | 0.007787 | | | ARKANSAS ST DEV FIN AUTH INDL REGD B/E AMT 6.87500000 | 0.007507 | | | OH BUCGEN 5 06/01/2055 | 0.007496 | ✓ | | COLORADO EDUCTNL & CULTURAL AUTH REVENUE | 0.007424 | | | PUERTO RICO TOLLROADS LLC 5.75% 07-01-49 | 0.007362 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-004390` (as of 2026-03-31) - N-PORT (fund B) — accession `0001004726-26-003130` (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. Information may be used only for personal, non-commercial research and may not be redistributed. See _