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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.73

$1.37 B

5.12%

$0.75

0.48%

Vitals

YTD Return

-0.4%

1 yr return

2.2%

3 Yr Avg Return

5.1%

5 Yr Avg Return

4.3%

Net Assets

$1.37 B

Holdings in Top 10

10.4%

52 WEEK LOW AND HIGH

$14.7
$14.61
$14.92

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.65%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Muni National Interm


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.73

$1.37 B

5.12%

$0.75

0.48%

DRMBX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon AMT-Free Municipal Bond Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    May 06, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Rabasco

Fund Description

The fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal income tax. It invests at least 65% of its assets in municipal bonds rated, at the time of purchase, A or higher or the unrated equivalent as determined by the adviser. The fund is non-diversified.


DRMBX - Performance

Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -88.5% 101.7% 47.16%
1 Yr 2.2% -20.5% 20.4% 51.90%
3 Yr 5.1%* -6.2% 11.2% 27.24%
5 Yr 4.3%* -3.5% 8.0% 19.23%
10 Yr 4.1%* -0.2% 9.1% 28.07%

* Annualized

Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -91.1% 310.0% 17.64%
2019 4.8% -79.8% 15.4% 19.13%
2018 -2.2% -72.6% 97.2% 39.21%
2017 2.4% -100.0% 7.6% 24.34%
2016 -3.2% -35.9% 96.8% 66.78%

Total Return Ranking - Trailing

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -88.5% 101.7% 47.16%
1 Yr 2.2% -24.2% 24.2% 31.62%
3 Yr 5.1%* -7.0% 11.7% 23.15%
5 Yr 4.3%* -4.0% 8.0% 15.49%
10 Yr 4.1%* -0.6% 9.1% 23.81%

* Annualized

Total Return Ranking - Calendar

Period DRMBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -91.1% 310.0% 17.64%
2019 4.8% -79.8% 15.4% 19.22%
2018 -2.2% -72.6% 11.0% 40.74%
2017 2.4% -100.0% 7.6% 27.95%
2016 -3.2% -35.9% 3.0% 69.83%

NAV & Total Return History


DRMBX - Holdings

Concentration Analysis

DRMBX Category Low Category High DRMBX % Rank
Net Assets 1.37 B 869 K 88.1 B 25.71%
Number of Holdings 362 1 12437 25.70%
Net Assets in Top 10 142 M -306 M 4.01 B 22.32%
Weighting of Top 10 10.43% 2.4% 100.0% 86.22%

Top 10 Holdings

  1. ATLANTA GA ARPT PASSENGER FAC CHARGE REV 5% 1.37%
  2. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.27%
  3. DENVER COLO CITY & CNTY ARPT REV 5% 1.20%
  4. TOBACCO SETTLEMENT FING CORP N J 5% 1.17%
  5. JEFFERSON CNTY ALA SWR REV 1.06%
  6. WASHINGTON ST CONVENTION CTR PUB FACS DIST 5% 0.98%
  7. SOUTH CAROLINA ST PORTS AUTH PORTS REV 5% 0.94%
  8. CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 5% 0.92%
  9. GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5% 0.86%
  10. ARIZONA INDL DEV AUTH NATL CHARTER SCH REVOLVING LN FD REV 4% 0.84%

Asset Allocation

Weighting Return Low Return High DRMBX % Rank
Bonds
99.69% 46.14% 149.06% 47.43%
Cash
0.32% -45.79% 53.86% 51.61%
Stocks
0.00% -0.10% 3.60% 21.70%
Preferred Stocks
0.00% -3.40% 1.14% 17.30%
Other
0.00% -49.33% 30.00% 19.77%
Convertible Bonds
0.00% 0.00% 0.57% 17.79%

Bond Sector Breakdown

Weighting Return Low Return High DRMBX % Rank
Municipal
99.68% 46.14% 100.00% 42.87%
Cash & Equivalents
0.32% 0.00% 53.86% 55.48%
Derivative
0.00% 0.00% 1.58% 17.79%
Securitized
0.00% 0.00% 8.03% 19.07%
Corporate
0.00% 0.00% 11.97% 31.63%
Government
0.00% 0.00% 50.97% 23.64%

Bond Geographic Breakdown

Weighting Return Low Return High DRMBX % Rank
US
99.39% 0.00% 141.11% 32.87%
Non US
0.30% 0.00% 100.00% 53.46%

DRMBX - Expenses

Operational Fees

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.04% 4.23% 59.75%
Management Fee 0.60% 0.00% 1.60% 94.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

DRMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.65% 0.00% 314.00% 5.91%

DRMBX - Distributions

Dividend Yield Analysis

DRMBX Category Low Category High DRMBX % Rank
Dividend Yield 5.12% 0.00% 35.27% 25.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DRMBX Category Low Category High DRMBX % Rank
Net Income Ratio 2.16% -1.30% 24.00% 48.05%

Capital Gain Distribution Analysis

DRMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

DRMBX - Fund Manager Analysis

Managers

Daniel Rabasco


Start Date

Tenure

Tenure Rank

Feb 07, 2012

9.82

9.8%

Dan is the head of municipal bonds at Mellon Investments Corp, overseeing and guiding the investment management process for the firm’s tax-exempt strategies. Previously, he was the head of trading for tax-exempt bonds, responsible for managing the municipal bond trading desk. Before joining the firm, Dan directed the municipal bond group at Fleet where he was responsible for managing mutual fund, common trust fund and high net worth client assets. Previously, he was a portfolio manager at Evergreen Investments, where he managed national and state-specific mutual funds. His other responsibilities included hospital and high yield credit analysis. Dan began his career as a municipal analyst at Liberty Insurance Company. Dan has been in the investment industry since 1987. Dan holds a BA from Boston College and an MBA from Suffolk University. Dan has served as a member of the Municipal Securities Rulemaking Board's Investor Advisory Group (2004-2008). He holds the CFA® designation and is a member of the CFA Institute.

Thomas Casey


Start Date

Tenure

Tenure Rank

Jul 31, 2014

7.34

7.3%

Thomas C. Casey Director, Senior Portfolio Manager Tom is a senior portfolio manager for US Municipal Bond strategies. He is responsible for managing US Municipal Bond portfolios for institutional, insurance and high net worth clients. Previously, Tom worked as a trader and a portfolio analyst on the US Municipal team. Prior to joining the firm in 1993, Tom worked as an analyst at State Street Bank & Trust Company. Tom has been in the investment industry since 1988. Tom earned an MBA and a BA from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.55 7.1 1.08