Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

DYBIX Dreyfus High Yield Municipal Bond I

  • Fund
  • DYBIX
  • Price as of: Aug 19, 2019
  • $12.88 - $0.00 - 0.00%
  • Category
  • High Yield Municipal Bonds

DYBIX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $290 M
  • Holdings in Top 10 16.3%

52 WEEK LOW AND HIGH

$12.88
$11.93
$12.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.62%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

High Yield Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.07%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name BNY Mellon High Yield Municipal Bond Fund
  • Fund Family Name Dreyfus
  • Inception Date Dec 15, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • 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.

DYBIX - Performance

Return Ranking - Trailing

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% 1.7% 7.2% 20.47%
1 Yr 3.1% -0.2% 6.2% 88.98%
3 Yr 1.0%* -2.1% 1.8% 9.60%
5 Yr 2.2%* -0.2% 2.2% 11.48%
10 Yr 2.1%* 0.9% 6.5% 51.19%

* Annualized


Return Ranking - Calendar

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -5.6% 4.2% 48.00%
2017 8.6% 0.0% 8.6% 1.60%
2016 -3.9% -6.7% -1.2% 85.25%
2015 0.6% -2.0% 2.9% 31.97%
2014 7.9% 3.6% 83.0% 75.42%

Total Return Ranking - Trailing

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% 1.7% 7.2% 24.41%
1 Yr 3.1% -0.2% 6.7% 88.98%
3 Yr 1.1%* -2.1% 3.1% 15.20%
5 Yr 2.3%* -0.2% 5.3% 13.11%
10 Yr 2.1%* 0.9% 7.2% 57.14%

* Annualized


Total Return Ranking - Calendar

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -3.7% 4.2% 53.60%
2017 8.8% 0.0% 9.8% 3.20%
2016 -3.8% -4.6% 0.8% 86.89%
2015 0.6% -2.0% 5.3% 34.43%
2014 8.0% 3.6% 83.0% 74.58%

NAV & Total Return History

DYBIX - Holdings

Concentration Analysis

DYBIX Category Low Category High DYBIX % Rank
Net Assets 290 M 45.3 M 20.1 B 80.31%
Number of Holdings 170 41 3535 88.98%
Net Assets in Top 10 46.6 M 17.2 M 2.15 B 78.74%
Weighting of Top 10 16.27% 4.3% 38.4% 19.69%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% 1.99%

  2. KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 4% 1.93%

  3. TOBACCO SETTLEMENT FING CORP N J 5% 1.85%

  4. DENVER COLO CITY & CNTY SPL FACS ARPT REV 5% 1.82%

  5. JEFFERSON CNTY ALA SWR REV 1.67%

  6. CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% 1.50%

  7. NEW YORK TRANSN DEV CORP SPL FAC REV 5% 1.48%

  8. ILLINOIS ST 5% 1.41%

  9. MONTGOMERY CNTY OHIO HOSP REV 1.97% 1.40%

  10. CHICAGO ILL O HARE INTL ARPT REV 5% 1.22%


Asset Allocation

Weighting Return Low Return High DYBIX % Rank
Bonds
99.86% 83.56% 103.81% 33.07%
Cash
0.14% -3.81% 16.44% 70.87%
Stocks
0.00% 0.00% 0.49% 91.34%
Preferred Stocks
0.00% 0.00% 0.42% 92.91%
Other
0.00% 0.00% 0.83% 88.98%
Convertible Bonds
0.00% 0.00% 0.01% 91.34%

Bond Sector Breakdown

Weighting Return Low Return High DYBIX % Rank
Municipal
99.86% 91.08% 102.60% 22.05%
Cash & Equivalents
0.14% -3.28% 16.44% 74.02%
Derivative
0.00% -0.12% 0.05% 88.98%
Securitized
0.00% 0.00% 0.02% 92.91%
Corporate
0.00% 0.00% 2.78% 90.55%
Government
0.00% -7.61% 4.74% 83.46%

Bond Geographic Breakdown

Weighting Return Low Return High DYBIX % Rank
US
96.10% 76.76% 100.08% 56.69%
Non US
3.76% 0.00% 13.09% 48.82%

DYBIX - Expenses

Operational Fees

DYBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.27% 1.97% 77.95%
Management Fee 0.45% 0.26% 0.75% 19.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

DYBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 0.60% 5.50% N/A

Trading Fees

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

Turnover 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.

DYBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.62% 8.00% 119.00% 59.06%

DYBIX - Distributions

Dividend Yield Analysis

DYBIX Category Low Category High DYBIX % Rank
Dividend Yield 2.24% 0.01% 5.19% 43.31%

Dividend Distribution Analysis

DYBIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

DYBIX Category Low Category High DYBIX % Rank
Net Income Ratio 4.07% 1.46% 5.40% 32.28%

Capital Gain Distribution Analysis

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

DYBIX - Managers

Jeffrey Burger

Manager

Start Date

Tenure

Tenure Rank

Nov 08, 2011

7.73

7.7%

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

Manager

Start Date

Tenure

Tenure Rank

Feb 07, 2012

7.48

7.5%

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

0.02

Category High

30.52

Category Average

8.56

Category Mode

6.41