Pioneer AMT Free Municipal Fund (PBMFX)
The investment seeks as high a level of current interest income exempt from federal income tax as is consistent with the relative stability of capital. Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in investment grade municipal bonds with a maturity of more than one year, the interest on which is exempt from regular federal income tax. The fund normally will not invest in securities the interest on which is a tax preference item for purposes of the federal alternative minimum tax (AMT).
Fund Info
US72387W7056
72387W705
Sep 29, 1996
$1,000
Expense Ratio
PBMFX features an expense ratio of 0.78%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pioneer AMT Free Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Pioneer AMT Free Municipal Fund had a return of -0.49% year-to-date (YTD) and 2.31% in the last 12 months. Over the past 10 years, Pioneer AMT Free Municipal Fund had an annualized return of 1.62%, while the S&P 500 had an annualized return of 11.31%, indicating that Pioneer AMT Free Municipal Fund did not perform as well as the benchmark.
PBMFX
-0.49%
0.74%
-0.10%
2.31%
-1.12%
1.62%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PBMFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.28% | -0.49% | |||||||||||
| 2024 | -0.66% | -0.06% | -0.36% | -2.43% | -0.28% | 3.12% | 0.96% | 0.84% | 2.12% | -2.66% | 3.12% | -1.91% | 1.59% |
| 2023 | 4.66% | -4.15% | 3.49% | -0.14% | -1.98% | 2.06% | 0.71% | -3.60% | -5.26% | -2.10% | 10.94% | 4.25% | 8.02% |
| 2022 | -3.70% | -0.45% | -5.34% | -5.08% | 2.26% | -3.55% | 3.47% | -3.78% | -6.93% | -2.34% | 7.89% | 0.01% | -17.05% |
| 2021 | -0.09% | -2.21% | 0.67% | 1.39% | 0.60% | 0.40% | 0.98% | -0.87% | -0.94% | -0.17% | 1.32% | 0.34% | 1.36% |
| 2020 | 2.13% | 2.08% | -3.61% | -1.58% | 3.90% | 0.45% | 2.12% | -0.91% | -0.35% | -0.35% | 1.20% | 0.80% | 5.81% |
| 2019 | 0.59% | 0.80% | 2.33% | 0.03% | 1.60% | 0.50% | 0.90% | 2.50% | -0.55% | 0.09% | 0.16% | 0.28% | 9.58% |
| 2018 | -1.75% | -0.68% | 0.94% | -0.40% | 1.36% | -0.04% | 0.03% | 0.24% | -0.80% | -1.31% | 1.03% | 1.45% | 0.00% |
| 2017 | 0.59% | 0.95% | 0.23% | 0.86% | 1.90% | -0.25% | 0.56% | 0.78% | -0.46% | 0.02% | -0.25% | 1.47% | 6.57% |
| 2016 | 1.18% | -0.07% | 0.87% | 0.93% | 0.51% | 1.90% | -0.05% | 0.22% | -0.64% | -1.45% | -5.21% | 1.52% | -0.49% |
| 2015 | 2.17% | -1.12% | 0.37% | -0.73% | -0.32% | -0.39% | 0.94% | 0.31% | 1.01% | 0.45% | 0.79% | 0.99% | 4.52% |
| 2014 | 3.38% | 1.74% | 0.64% | 1.56% | 1.62% | 0.03% | 0.24% | 1.74% | 0.15% | 0.86% | 0.24% | 0.72% | 13.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBMFX is 14, meaning it’s performing worse than 86% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pioneer AMT Free Municipal Fund (PBMFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pioneer AMT Free Municipal Fund provided a 3.14% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.40 | $0.38 | $0.30 | $0.28 | $0.34 | $0.41 | $0.40 | $0.40 | $0.42 | $0.53 | $0.54 |
Dividend yield | 3.14% | 3.08% | 2.87% | 2.39% | 1.79% | 2.18% | 2.69% | 2.84% | 2.70% | 2.97% | 3.62% | 3.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer AMT Free Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.40 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.42 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.53 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer AMT Free Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pioneer AMT Free Municipal Fund was 24.08%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current Pioneer AMT Free Municipal Fund drawdown is 9.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.08% | Jul 21, 2021 | 321 | Oct 26, 2022 | — | — | — |
| -21.15% | Jan 24, 2008 | 226 | Dec 15, 2008 | 183 | Sep 8, 2009 | 409 |
| -15.38% | Mar 10, 2020 | 10 | Mar 23, 2020 | 90 | Jul 30, 2020 | 100 |
| -10.81% | Oct 15, 2010 | 65 | Jan 18, 2011 | 137 | Aug 3, 2011 | 202 |
| -10.76% | May 3, 2013 | 87 | Sep 5, 2013 | 169 | May 8, 2014 | 256 |
Volatility
Volatility Chart
The current Pioneer AMT Free Municipal Fund volatility is 1.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.