DHYAX: Dreyfus High Yield Municipal Bond A

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DHYAX Dreyfus High Yield Municipal Bond A

  • Fund
  • DHYAX
  • Price as of: Dec 12, 2019
  • $12.83
    - $0.01 - 0.08%

Profile

DHYAX - Profile

Vitals

  • YTD Return 6.1%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $334 M
  • Holdings in Top 10 18.0%

52 WEEK LOW AND HIGH

$12.83
$12.02
$12.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.68%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.80%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon High Yield Municipal Bond Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Mar 15, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Burger

Fund Description

To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal income tax. The dollar-weighted average maturity of the fund's portfolio is not restricted, but normally exceeds ten years. It is non-diversified.


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Categories

Performance

DHYAX - Performance

Return Ranking - Trailing

Period DHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% 0.6% 9.1% 23.47%
1 Yr 6.5% 0.3% 14.1% 27.78%
3 Yr 4.2%* -0.1% 9.9% 17.96%
5 Yr 1.6%* -1.1% 7.9% 22.92%
10 Yr 1.3%* -0.3% 8.2% 55.00%

* Annualized

Return Ranking - Calendar

Period DHYAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -5.7% 9.2% 53.55%
2017 8.6% -9.7% 8.6% 3.07%
2016 -3.9% -6.1% -0.8% 82.05%
2015 0.6% -5.6% 2.9% 32.37%
2014 8.0% 2.9% 83.0% 73.48%

Total Return Ranking - Trailing

Period DHYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% 0.6% 9.9% 26.53%
1 Yr 6.5% 0.3% 14.1% 28.28%
3 Yr 4.3%* -0.1% 9.9% 20.96%
5 Yr 1.7%* -1.1% 7.9% 26.39%
10 Yr 1.4%* -0.3% 8.2% 54.00%

* Annualized

Total Return Ranking - Calendar

Period DHYAX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.4% -5.7% 9.2% 56.28%
2017 8.8% -9.7% 8.8% 3.07%
2016 -3.8% -6.1% 1.0% 83.33%
2015 0.6% -5.6% 5.3% 33.81%
2014 8.1% 2.9% 83.0% 73.48%

NAV & Total Return History


Holdings

DHYAX - Holdings

Concentration Analysis

DHYAX Category Low Category High DHYAX % Rank
Net Assets 334 M 15.5 M 22.2 B 76.12%
Number of Holdings 201 6 3702 83.66%
Net Assets in Top 10 33.9 M -42.3 M 2.34 B 79.21%
Weighting of Top 10 18.02% 4.4% 98.8% 19.80%

Top 10 Holdings

  1. US Ultra Bond (CBT) Dec19 3.47%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% 2.28%
  3. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.81%
  4. TOBACCO SETTLEMENT FING CORP N J 5% 1.76%
  5. DENVER COLO CITY & CNTY SPL FACS ARPT REV 5% 1.71%
  6. JEFFERSON CNTY ALA SWR REV 0% 1.59%
  7. CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% 1.44%
  8. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 1.37%
  9. ILLINOIS ST 5% 1.31%
  10. MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 0% 1.27%

Asset Allocation

Weighting Return Low Return High DHYAX % Rank
Bonds
99.90% 87.19% 144.05% 26.24%
Cash
0.09% -5.30% 11.78% 68.32%
Stocks
0.00% 0.00% 0.65% 40.59%
Preferred Stocks
0.00% -44.14% 0.41% 36.14%
Other
0.00% 0.00% 1.82% 48.02%
Convertible Bonds
0.00% 0.00% 0.01% 36.63%

Bond Sector Breakdown

Weighting Return Low Return High DHYAX % Rank
Municipal
103.38% 88.69% 144.05% 1.98%
Cash & Equivalents
0.09% -5.06% 11.78% 67.82%
Derivative
0.00% -0.10% 0.05% 37.13%
Securitized
0.00% 0.00% 0.02% 36.63%
Corporate
0.00% -44.14% 4.62% 55.94%
Government
-3.47% -4.84% 6.64% 96.53%

Bond Geographic Breakdown

Weighting Return Low Return High DHYAX % Rank
US
96.18% 79.66% 138.15% 35.15%
Non US
3.72% 0.00% 14.04% 63.86%

Expenses

DHYAX - Expenses

Operational Fees

DHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.21% 3.71% 57.21%
Management Fee 0.45% 0.00% 1.32% 20.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

DHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 1.00% 4.75% 8.33%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DHYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.68% 6.16% 280.00% 68.81%

Distributions

DHYAX - Distributions

Dividend Yield Analysis

DHYAX Category Low Category High DHYAX % Rank
Dividend Yield 1.18% 0.00% 19796.78% 56.93%

Dividend Distribution Analysis

DHYAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DHYAX Category Low Category High DHYAX % Rank
Net Income Ratio 3.80% 1.46% 6.17% 55.22%

Capital Gain Distribution Analysis

DHYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DHYAX - Fund Manager Analysis

Managers

Jeffrey Burger


Start Date

Tenure

Tenure Rank

Nov 08, 2011

8.07

8.1%

Jeffrey Burger, CFA Director, Senior Portfolio Manager Jeffrey is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond strategies for institutional, high net worth and mutual fund clients. Previously, he served as a senior analyst for the firm, specializing in land-secured and special tax bonds. Prior to joining the firm in 2009, Jeffrey worked at Columbia Management as a portfolio manager and senior research analyst and at Fitch Ratings as a senior-level analyst. He is a former chairman and member of the executive committee and board of governors for the National Federation of Municipal Analysts. He is also a former president of the Boston Municipal Analysts Forum. Jeffrey has been in the investment industry since 1998. Jeffrey earned an MPA from the Maxwell School of Citizenship and Public Affairs at Syracuse University and a BA degree, cum laude, in policy studies and public relations from Syracuse University. He holds the CFA® designation and is a member of the CFA Institute.

Daniel Barton


Start Date

Tenure

Tenure Rank

Feb 07, 2012

7.82

7.8%

Daniel Barton, CFA, is a portfolio manager and senior analyst for tax sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of Dreyfus. He has been employed by Mellon or a predecessor company of Mellon since 2005, and by Dreyfus since December 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 27.93 6.95 0.02