Dreyfus High Yield Municipal Bond A
- DHYAX
- Price as of: Jan 13, 2021
-
$12.82
N/A N/A
- Primary Theme
- High Yield Municipal Bond
- Fund Company
- BNY Mellon
- Share Class
DHYAX - Snapshot
Vitals
- YTD Return 0.7%
- 3 Yr Annualized Return 4.7%
- 5 Yr Annualized Return 5.4%
- Net Assets $294 M
- Holdings in Top 10 16.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.92%
SALES FEES
- Front Load 4.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 69.21%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Municipal Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Muni
DHYAX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBNY Mellon High Yield Municipal Bond Fund
-
Fund Family NameDreyfus
-
Inception DateMar 15, 2007
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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.
DHYAX - Performance
Return Ranking - Trailing
Period | DHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -0.8% | 1.2% | 21.30% |
1 Yr | 2.7% | -7.3% | 8.0% | 76.96% |
3 Yr | 4.7%* | 2.1% | 9.9% | 58.17% |
5 Yr | 5.4%* | 2.5% | 8.4% | 23.50% |
10 Yr | 5.9%* | 3.8% | 9.4% | 59.73% |
* Annualized
Return Ranking - Calendar
Period | DHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -0.7% | -10.1% | 4.2% | 77.14% |
2019 | 6.1% | -0.7% | 11.7% | 25.37% |
2018 | -2.4% | -5.7% | 95.6% | 52.36% |
2017 | 8.6% | -0.7% | 8.6% | 2.94% |
2016 | -3.9% | -6.7% | -0.8% | 77.16% |
Total Return Ranking - Trailing
Period | DHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -0.8% | 1.2% | 21.30% |
1 Yr | -1.9% | -7.3% | 8.0% | 95.85% |
3 Yr | 3.1%* | 1.8% | 9.9% | 90.38% |
5 Yr | 4.4%* | 2.2% | 8.4% | 53.00% |
10 Yr | 5.4%* | 3.8% | 9.4% | 71.14% |
* Annualized
Total Return Ranking - Calendar
Period | DHYAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -0.7% | -10.1% | 4.2% | 77.14% |
2019 | 6.1% | -0.7% | 12.0% | 28.29% |
2018 | -2.4% | -5.7% | 4.2% | 56.54% |
2017 | 8.8% | -0.7% | 9.8% | 4.12% |
2016 | -3.8% | -6.1% | 1.1% | 81.48% |
NAV & Total Return History
DHYAX - Holdings
Concentration Analysis
DHYAX | Category Low | Category High | DHYAX % Rank | |
---|---|---|---|---|
Net Assets | 294 M | 501 K | 20 B | 75.93% |
Number of Holdings | 182 | 5 | 3457 | 80.18% |
Net Assets in Top 10 | 47 M | -38.2 M | 2.5 B | 74.65% |
Weighting of Top 10 | 16.48% | 4.8% | 99.9% | 27.91% |
Top 10 Holdings
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.76%
- METROPOLITAN TRANSN AUTH N Y REV 4% 1.94%
- MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 0% 1.82%
- NEW YORK CONVENTION CTR DEV CORP N Y REV 0% 1.78%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 1.63%
- CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% 1.59%
- ILLINOIS ST 5% 1.34%
- CHICAGO ILL O HARE INTL ARPT REV 5% 1.26%
- INDIANA FIN AUTH EXEMPT FAC REV 7% 1.23%
- GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 3.5% 1.13%
Asset Allocation
Weighting | Return Low | Return High | DHYAX % Rank | |
---|---|---|---|---|
Bonds | 100.00% | 59.70% | 143.82% | 13.36% |
Stocks | 0.00% | 0.00% | 2.80% | 48.39% |
Preferred Stocks | 0.00% | -43.98% | 0.00% | 37.33% |
Other | 0.00% | 0.00% | 1.72% | 45.16% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 38.71% |
Cash | 0.00% | -0.95% | 38.20% | 85.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DHYAX % Rank | |
---|---|---|---|---|
Municipal | 100.00% | 60.98% | 100.00% | 4.15% |
Derivative | 0.00% | 0.00% | 0.23% | 40.55% |
Cash & Equivalents | 0.00% | 0.00% | 39.02% | 92.17% |
Securitized | 0.00% | 0.00% | 17.71% | 38.71% |
Corporate | 0.00% | 0.00% | 12.53% | 57.60% |
Government | 0.00% | 0.00% | 0.83% | 43.32% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DHYAX % Rank | |
---|---|---|---|---|
US | 95.97% | 59.70% | 136.78% | 30.41% |
Non US | 4.03% | 0.00% | 12.73% | 60.83% |
DHYAX - Expenses
Operational Fees
DHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.18% | 7.04% | 46.30% |
Management Fee | 0.45% | 0.00% | 1.60% | 21.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.35% | 57.14% |
Sales Fees
DHYAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 1.00% | 4.75% | 15.91% |
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 | 1.00% | 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 | 69.21% | 5.10% | 314.00% | 87.04% |
DHYAX - Distributions
Dividend Yield Analysis
DHYAX | Category Low | Category High | DHYAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 2.36% | 40.55% |
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 | 3.31% | -0.98% | 6.28% | 64.81% |
Capital Gain Distribution Analysis
DHYAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Mar 29, 2019 | $0.037 |
Feb 28, 2019 | $0.034 |
Jan 31, 2019 | $0.040 |
Dec 31, 2018 | $0.040 |
Nov 30, 2018 | $0.038 |
Oct 31, 2018 | $0.040 |
Aug 31, 2018 | $0.040 |
Jun 29, 2018 | $0.039 |
May 31, 2018 | $0.042 |
Apr 30, 2018 | $0.043 |
Mar 29, 2018 | $0.037 |
Feb 28, 2018 | $0.036 |
Jan 31, 2018 | $0.041 |
Dec 29, 2017 | $0.036 |
Nov 30, 2017 | $0.037 |
Oct 31, 2017 | $0.040 |
Sep 29, 2017 | $0.037 |
Aug 31, 2017 | $0.039 |
Jul 31, 2017 | $0.039 |
Jun 30, 2017 | $0.038 |
May 31, 2017 | $0.041 |
Apr 28, 2017 | $0.033 |
Mar 31, 2017 | $0.039 |
Feb 28, 2017 | $0.035 |
Jan 31, 2017 | $0.040 |
Dec 30, 2016 | $0.037 |
Nov 30, 2016 | $0.037 |
Oct 31, 2016 | $0.038 |
Sep 30, 2016 | $0.035 |
Aug 31, 2016 | $0.038 |
Jul 29, 2016 | $0.041 |
Jun 30, 2016 | $0.047 |
May 31, 2016 | $0.050 |
Apr 29, 2016 | $0.046 |
Mar 31, 2016 | $0.050 |
Feb 29, 2016 | $0.051 |
Jan 29, 2016 | $0.048 |
Dec 31, 2015 | $0.050 |
Nov 30, 2015 | $0.052 |
Oct 30, 2015 | $0.048 |
Sep 30, 2015 | $0.040 |
Aug 31, 2015 | $0.041 |
Jul 31, 2015 | $0.042 |
Jun 30, 2015 | $0.043 |
May 29, 2015 | $0.039 |
Apr 30, 2015 | $0.041 |
Mar 31, 2015 | $0.044 |
Feb 27, 2015 | $0.038 |
Jan 30, 2015 | $0.041 |
Dec 31, 2014 | $0.045 |
Nov 28, 2014 | $0.038 |
Oct 31, 2014 | $0.041 |
Sep 30, 2014 | $0.042 |
Aug 29, 2014 | $0.039 |
Jul 31, 2014 | $0.043 |
Jun 30, 2014 | $0.045 |
May 30, 2014 | $0.044 |
Apr 30, 2014 | $0.044 |
Mar 31, 2014 | $0.045 |
Feb 28, 2014 | $0.041 |
Jan 31, 2014 | $0.047 |
Dec 31, 2013 | $0.048 |
Nov 29, 2013 | $0.044 |
Oct 31, 2013 | $0.047 |
Sep 30, 2013 | $0.046 |
Aug 30, 2013 | $0.045 |
Jul 31, 2013 | $0.049 |
Jun 28, 2013 | $0.040 |
May 31, 2013 | $0.042 |
Apr 30, 2013 | $0.046 |
Mar 28, 2013 | $0.038 |
Feb 28, 2013 | $0.037 |
Jan 31, 2013 | $0.042 |
Dec 31, 2012 | $0.042 |
Nov 30, 2012 | $0.040 |
Oct 31, 2012 | $0.038 |
Sep 28, 2012 | $0.038 |
Aug 31, 2012 | $0.040 |
Jul 31, 2012 | $0.042 |
Jun 29, 2012 | $0.039 |
May 31, 2012 | $0.041 |
Apr 30, 2012 | $0.041 |
Mar 30, 2012 | $0.040 |
Feb 29, 2012 | $0.039 |
Jan 31, 2012 | $0.046 |
Dec 30, 2011 | $0.044 |
Nov 30, 2011 | $0.044 |
Oct 31, 2011 | $0.046 |
Sep 30, 2011 | $0.045 |
Aug 31, 2011 | $0.050 |
Jul 29, 2011 | $0.044 |
Jun 30, 2011 | $0.045 |
May 31, 2011 | $0.049 |
Apr 29, 2011 | $0.046 |
Mar 31, 2011 | $0.050 |
Feb 28, 2011 | $0.045 |
Jan 31, 2011 | $0.052 |
Dec 31, 2010 | $0.051 |
Nov 30, 2010 | $0.052 |
Oct 29, 2010 | $0.047 |
Sep 30, 2010 | $0.048 |
Aug 31, 2010 | $0.050 |
Jul 30, 2010 | $0.048 |
Jun 30, 2010 | $0.053 |
May 28, 2010 | $0.045 |
Apr 30, 2010 | $0.047 |
Mar 31, 2010 | $0.053 |
Feb 26, 2010 | $0.046 |
Jan 29, 2010 | $0.047 |
Dec 31, 2009 | $0.051 |
Nov 30, 2009 | $0.051 |
Oct 30, 2009 | $0.050 |
Sep 30, 2009 | $0.050 |
Aug 31, 2009 | $0.052 |
Jul 31, 2009 | $0.052 |
Jun 30, 2009 | $0.056 |
May 29, 2009 | $0.051 |
Apr 30, 2009 | $0.053 |
Mar 31, 2009 | $0.056 |
Feb 27, 2009 | $0.049 |
Jan 30, 2009 | $0.053 |
Dec 31, 2008 | $0.060 |
Nov 28, 2008 | $0.050 |
Oct 31, 2008 | $0.055 |
Sep 30, 2008 | $0.059 |
Aug 29, 2008 | $0.055 |
Jul 31, 2008 | $0.058 |
Jun 30, 2008 | $0.056 |
May 30, 2008 | $0.053 |
Apr 30, 2008 | $0.057 |
Mar 31, 2008 | $0.059 |
Feb 29, 2008 | $0.053 |
Jan 31, 2008 | $0.053 |
Dec 31, 2007 | $0.052 |
Nov 30, 2007 | $0.051 |
Oct 31, 2007 | $0.056 |
Sep 28, 2007 | $0.047 |
Aug 31, 2007 | $0.052 |
Jul 31, 2007 | $0.053 |
Jun 29, 2007 | $0.048 |
May 31, 2007 | $0.052 |
Apr 30, 2007 | $0.053 |
Mar 30, 2007 | $0.028 |
DHYAX - Fund Manager Analysis
Managers
Jeffrey Burger
Start Date
Tenure
Tenure Rank
Nov 08, 2011
9.15
9.2%
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
8.9
8.9%
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 |
---|---|---|---|
0.16 | 22.77 | 7.14 | 1.11 |