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Morningstar

Pioneer AMT-Free Municipal A PBMFX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 12.92  /  0.71 %
  • Total Assets 920.0 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.48%
  • Effective Duration 10.04 years

USD | NAV as of Jun 03, 2023 | 1-Day Return as of Jun 03, 2023, 12:13 AM GMT+0

Morningstar’s Analysis PBMFX

Will PBMFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBMFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PBMFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PBMFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Pioneer AMT-Free Municipal A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PBMFX

More PBMFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 215
  • Other Holdings 1
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MASSACHUSETTS ST DEV FIN AGY REV 5%

3.46
31,959,311
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 4%

2.08
19,261,000
municipal

MIAMI-DADE CNTY FLA WTR & SWR REV 4%

1.94
17,915,215
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

1.87
17,310,893
municipal

HILLSBOROUGH CNTY FLA INDL DEV AUTH HOSP REV 3.5%

1.67
15,441,800
municipal

OHIO ST HOSP REV 4%

1.63
15,033,370
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 5.5%

1.62
14,974,426
municipal

SARASOTA CNTY FLA PUB HOSP DIST HOSP REV 4%

1.50
13,819,950
municipal

MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 4%

1.46
13,531,650
municipal

Us Dollar

1.43
13,250,829
Cash and Equivalents