MNBCX Performance — Victory AMT-Free Municipal Fund, Class C
Data updated: 2026-08-25
MNBCX returned +2.47% year to date and +6.51% over one year to Jun 2026. Over one year the fund trailed its Long-Term Municipal Bond category average: $100 grew to $107, against $108 for the category. Volatility over the past 12 months was 7.21% a year. In the 12 months to Jun 2026 the fund lost a net $202.6M, and assets reached $407.89M.
MNBCX Growth of $100
What $100 invested in Victory AMT-Free Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | MNBCX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| Since data start (Jan 2025 – Jun 2026) | $100 | $106 |
MNBCX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.47% |
| 1 year | +6.51% |
MNBCX Annual Returns
Calendar-year total returns of Victory AMT-Free Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.47% |
| 2025 | −2.29% |
MNBCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +1.7% | −3.3% | +2.1% | +0.2% | +1.4% | — | — | — | — | — | — |
| 2025 | +0.1% | +0.7% | −3.3% | −1.9% | −1.6% | 0.0% | −1.9% | +0.8% | +4.9% | +1.1% | +0.2% | −1.1% |
MNBCX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 7.21%
- Best month: +4.91% (Sep 2025)
- Worst month: −3.28% (Mar 2026)
MNBCX Fund Flows
Monthly money in and out of Victory AMT-Free Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: −$202.6M
- 12-month gross sales (incl. reinvestments): $123.8M
- Sales ÷ redemptions: 0.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.5M | $11.2M | −$6.8M |
| May 2026 | $3.6M | $9.9M | −$6.3M |
| Apr 2026 | $3.2M | $12.8M | −$9.6M |
| Mar 2026 | $5.0M | $20.4M | −$15.4M |
| Feb 2026 | $7.1M | $9.5M | −$2.4M |
| Jan 2026 | $8.5M | $15.1M | −$6.6M |
| Dec 2025 | $12.7M | $32.7M | −$20.0M |
| Nov 2025 | $6.8M | $12.1M | −$5.3M |
| Oct 2025 | $16.4M | $140.6M | −$124.2M |
| Sep 2025 | $18.7M | $18.4M | $338K |
| Aug 2025 | $21.2M | $21.4M | −$172K |
| Jul 2025 | $16.2M | $22.4M | −$6.2M |
MNBCX Assets Under Management
Net assets of Victory AMT-Free Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $407.89M |
| 2026-03-31 | $418.54M |
| 2025-12-31 | $451.93M |
| 2025-09-30 | $607.65M |
| 2025-06-30 | $596.92M |
| 2025-03-31 | $649.70M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.