# Portfolio overlap — PBYMX vs HYMAX Comparing **Victory AMT-Free Municipal Fund** (2026-03-31) and **Lord Abbett High Income Municipal Bond Fund** (2026-03-31). - Shared positions: 16 - Victory AMT-Free Municipal Fund covered by Lord Abbett High Income Municipal Bond Fund: 0.05525678494608993884873855013 - Lord Abbett High Income Municipal Bond Fund covered by Victory AMT-Free Municipal Fund: 0.05525678494608993884873855013 ## 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 | | ## Lord Abbett High Income Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | OH BUCGEN 5 06/01/2055 | 0.021042 | ✓ | | NY TRNSPRTN DEV CRP-A | 0.018103 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 4.75000000 | 0.014010 | ✓ | | KEISER UNIVERSITY OBLIGATED GROUP 6.25% 07-01-55 | 0.011077 | | | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB | 0.010620 | | | RESTRUCTURED-SER A1 | 0.010464 | | | TOWER HEALTH OBLIGATED GROUP 5.0% 06-30-39 | 0.009536 | | | PUERTO RICO SALES TAX FING COR REGD OID B/E 5.00000000 | 0.009497 | ✓ | | WI PUBTRN 5.75 12/31/2065 | 0.008774 | | | CA STWD 5.50% 12/1/2058 | 0.008752 | | | LOMA LINDA UNIVERSITY MEDICAL CENTER OBLIGATED GROUP 5.25% 12-01-56 | 0.008504 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.007915 | | | IL CHIEDU 4 12/01/2047 | 0.007553 | | | NY TRANS CORP 5% 8/1/2031 AMT | 0.007548 | | | DEVELOPMENT AUTHORITY OF APPLING COUNTY | 0.007344 | ✓ | | GOLDEN ST TOBACCO SECURITIZATI REGD ZCP OID B/E 0.00000000 | 0.007115 | ✓ | | WI PUBTRN 5.75 06/30/2060 | 0.007080 | | | VIRGINIA TOBACCO SENIOR-SER B1 | 0.007025 | ✓ | | OH ST AIR QUALI 5% 7/1/2049 | 0.007009 | | | New Hampshire Business Finance Authority | 0.006714 | | | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 ZEROCPNOID 0 | 0.006383 | | | King County Public Hospital District No. 4, Series 2025A | 0.005870 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 6.00000000 | 0.005790 | | | Sierra Vista Industrial Development Authority, Series 2023 | 0.005508 | | | NY NYTTRN 5.5 06/30/2060 | 0.005395 | | | OU MEDICINE OBLIGATED GROUP 5.5% 08-15-57 | 0.005363 | | | NY TRANSPRTN DEV CORP | 0.005174 | | | SKY HARBOUR CAPITAL LLC OBLIGATED GROUP 4.25% 07-01-54 | 0.004793 | | | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | 0.004631 | | | NY BUIGEN 7 12/15/2065 | 0.004572 | | | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A | 0.004562 | | | Monroe County Hospital Authority/PA | 0.004549 | | | VIRGINIA ST SMALL BUSINESS FIN REGD B/E AMT 4.00000000 | 0.004532 | | | SLF CHP LLC 6.5% 07-01-56 | 0.004444 | | | DESERTXPRESS ENTERPRISES LLC (MPT) 12.0% 01-01-65 | 0.004384 | | | South Carolina Jobs-Economic Development Authority | 0.004349 | | | CA PUB FIN AUTH-A-1 | 0.004228 | | | ARKANSAS ST DEV FIN AUTH INDL REGD B/E AMT 7.37500000 | 0.004221 | | | Mobile (County of), AL Industrial Development Authority (AM/NS Calvert LLC), Series 2024, RB | 0.004221 | | | UNITED STATES STEEL CORP 5.75% 10-01-49 | 0.004214 | | | RESTRUCTURED-SER A1 | 0.004135 | | | WI PUBGEN 07/01/2060 | 0.004109 | | | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SENIOR LIVING REVENUE | 0.004097 | | | UNITED STATES STEEL CORP 5.7% 05-01-53 | 0.004082 | | | PORT OF BEAUMONT NAVIGATION DISTRICT | 0.004076 | | | BERKS PA MUN AU 3% 6/30/2044 | 0.003976 | | | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB | 0.003971 | | | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B | 0.003948 | | | Washington County, Ohio, Hospital Facilities Revenue Bonds, Memorial Health System Obligated Group, Series 2022 | 0.003937 | | | GRAPEVINE WASH LOCAL DIST UT | 0.003882 | | ## Sources - N-PORT (fund A) — accession `0001004726-26-004390` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-056335` (as of 2026-03-31) --- _Informational only — not investment advice. 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