Pioneer AMT Free Municipal Fund (PBMFX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PBMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PBMFX
PBMFX charges 0.78% annually. There are 375 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | PBMFX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | PBMFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | PBMFX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | PBMFX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | PBMFX vs FMBIX |
Best Risk-Adjusted Alternatives to PBMFX
PBMFX has a PortfoliosLab risk / return rank of 25. There are 463 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | PBMFX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | PBMFX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | PBMFX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | PBMFX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | PBMFX vs ATOIX |
Top Performing PBMFX Alternatives (YTD)
PBMFX is at 1.61% YTD. There are 213 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | PBMFX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | PBMFX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 6.87% | — | Nov 2002 | PBMFX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.20% | — | Nov 2001 | PBMFX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.14% | — | Oct 1992 | PBMFX vs MIY |
Lowest Volatility Alternatives to PBMFX
PBMFX has 4.89% 1-year volatility. There are 458 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | PBMFX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | PBMFX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PBMFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | PBMFX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | PBMFX vs DFSMX |
Lowest Drawdown Alternatives to PBMFX
PBMFX has a 1-year max drawdown of -4.33%. There are 460 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | PBMFX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | PBMFX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | PBMFX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | PBMFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | PBMFX vs TFCYX |
Other Mutual Funds from Amundi
The 10 most viewed Amundi mutual funds shown here include PMFYX, PIODX, PMAIX and span 10 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Pioneer Multi-Asset Income Fund | Global Allocation | 89 | 5.94% | — | Dec 2011 | PBMFX vs PMFYX | |
| Pioneer Fund | Large Cap Blend Equities | 69 | 13.34% | — | Feb 1928 | PBMFX vs PIODX | |
| Pioneer Multi-Asset Income Fund A | Diversified Portfolio, Dividend | 89 | 5.84% | — | Dec 2011 | PBMFX vs PMAIX | |
| Pioneer Core Equity Fund | Large Cap Blend Equities | 64 | 11.49% | — | Nov 1999 | PBMFX vs PIOTX | |
| Pioneer ILS Interval Fund | High Yield Bonds | 100 | 7.97% | — | Dec 2014 | PBMFX vs XILSX | |
| Pioneer Disciplined Growth Fund | Large Cap Growth Equities | 42 | 11.68% | — | Dec 2005 | PBMFX vs PINDX | |
| Pioneer Fundamental Growth Fund | Large Cap Growth Equities | 15 | 4.58% | — | Aug 2002 | PBMFX vs PIGFX | |
| Pioneer Multi-Asset Ultrashort Income Fund | Ultrashort Bond | 98 | 1.73% | — | Apr 2011 | PBMFX vs MYFRX | |
| Pioneer Mid Cap Value Fund | Mid Cap Value Equities | 61 | 13.06% | — | Jul 1990 | PBMFX vs PCGRX | |
| Pioneer Global Sustainable Equity Fund Class A | Global Equities, Sustainable | 88 | 16.09% | — | Dec 2005 | PBMFX vs GLOSX |
Often Compared With PBMFX
Investors most often compare PBMFX with SGOV, FGNSX, DMREX. These 13 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PBMFX with Any Fund or Stock
Compare PBMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PBMFX with funds that move differently
Pioneer AMT Free Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PBMFX.
Explore PBMFX Diversifiers