Pioneer AMT-Free Municipal A Fund (PBMFX - Free Report) a Zacks Rank #2 (Buy) was incepted in September 1996. The objective of PBMFX seeks growth of income, which is free from federal income tax. PBMFX invests the bulk of its assets in investment-grade debt securities which have maturity period of more than one year.
The Pioneer AMT-Free Municipal A fund, managed by Pioneer Invst, carries an expense ratio of 0.82%. Moreover, PBMFX requires a minimal initial investment of $1,000.
PBMFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.6% and 5 year 5.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
PBMFX’s performance, as of the last filing, when compared to funds in its category was in the top 23% over the past 1 year, in the top 16% over the past 3 years, and in the 14% over the past 5 years.
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