DYBIX: BNY Mellon High Yield Municipal Bond Fund - MutualFunds.com

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Dreyfus High Yield Municipal Bond I

DYBIX - Snapshot

Vitals

  • YTD Return -4.1%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $285 M
  • Holdings in Top 10 16.4%

52 WEEK LOW AND HIGH

$12.29
$10.66
$13.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

  • Front Load N/A
  • 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


Compare DYBIX to Popular High Yield Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$16.78

-0.06%

$18.84 B

0.00%

$0.00

-6.73%

0.99%

$9.78

+0.10%

$9.68 B

0.00%

$0.00

-5.05%

1.13%

$10.01

0.00%

$8.81 B

0.00%

$0.00

-2.72%

0.57%

$12.73

0.00%

$8.16 B

0.00%

$0.00

-1.93%

0.88%

$16.12

0.00%

$7.63 B

0.00%

$0.00

-1.95%

0.68%

DYBIX - Profile

Distributions

  • YTD Total Return -4.1%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 -4.1% -11.7% 2.2% 81.04%
1 Yr -0.2% -8.2% 5.7% 75.70%
3 Yr 4.4%* 1.6% 7.8% 28.99%
5 Yr 5.4%* 2.2% 7.9% 12.12%
10 Yr 5.1%* 3.1% 7.7% 48.65%

* Annualized

Return Ranking - Calendar

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -0.7% 11.7% 23.79%
2018 -2.5% -5.7% 95.6% 55.73%
2017 8.6% -0.7% 8.6% 1.18%
2016 -3.9% -6.7% -0.8% 77.78%
2015 0.6% -4.0% 2.9% 32.87%

Total Return Ranking - Trailing

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.1% -11.7% 2.2% 81.04%
1 Yr -0.2% -8.2% 5.7% 54.67%
3 Yr 4.4%* 1.3% 7.8% 25.12%
5 Yr 5.4%* 2.0% 7.9% 11.11%
10 Yr 5.1%* 3.1% 7.7% 43.92%

* Annualized

Total Return Ranking - Calendar

Period DYBIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -0.7% 12.0% 26.70%
2018 -2.5% -5.7% 4.2% 59.90%
2017 8.8% -0.7% 9.8% 2.35%
2016 -3.8% -6.1% 1.1% 82.10%
2015 0.6% -4.0% 5.3% 37.06%

NAV & Total Return History


DYBIX - Holdings

Concentration Analysis

DYBIX Category Low Category High DYBIX % Rank
Net Assets 285 M 582 K 18.8 B 76.85%
Number of Holdings 184 3 3468 80.65%
Net Assets in Top 10 46.2 M -37.3 M 2.48 B 77.42%
Weighting of Top 10 16.40% 4.8% 99.9% 29.91%

Top 10 Holdings

  1. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 2.64%
  2. MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV 2.02%
  3. METROPOLITAN TRANSN AUTH N Y REV 4% 1.89%
  4. NEW YORK CONVENTION CTR DEV CORP N Y REV 1.72%
  5. CLIFTON TEX HIGHER ED FIN CORP ED REV 6.12% 1.60%
  6. PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.33% 1.57%
  7. ILLINOIS ST 5% 1.34%
  8. CHICAGO ILL O HARE INTL ARPT REV 5% 1.25%
  9. INDIANA FIN AUTH EXEMPT FAC REV 7% 1.22%
  10. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 3.5% 1.14%

Asset Allocation

Weighting Return Low Return High DYBIX % Rank
Bonds
99.80% 0.00% 145.58% 30.41%
Cash
0.20% -1.38% 100.00% 66.82%
Stocks
0.00% 0.00% 2.73% 99.54%
Preferred Stocks
0.00% -46.20% 0.00% 97.70%
Other
0.00% -1.80% 2.00% 98.16%
Convertible Bonds
0.00% 0.00% 0.00% 99.54%

Bond Sector Breakdown

Weighting Return Low Return High DYBIX % Rank
Municipal
99.80% 0.00% 100.00% 25.35%
Cash & Equivalents
0.20% 0.00% 100.00% 73.73%
Derivative
0.00% 0.00% 0.25% 99.54%
Securitized
0.00% 0.00% 0.00% 99.54%
Corporate
0.00% 0.00% 9.75% 99.54%
Government
0.00% 0.00% 0.83% 99.54%

Bond Geographic Breakdown

Weighting Return Low Return High DYBIX % Rank
US
95.91% 0.00% 138.90% 33.18%
Non US
3.89% 0.00% 13.46% 63.13%

DYBIX - Expenses

Operational Fees

DYBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.18% 7.04% 86.85%
Management Fee 0.45% 0.00% 1.60% 23.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.35% 66.67%

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 1.00% 5.50% N/A

Trading Fees

DYBIX 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.

DYBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.68% 2.00% 314.00% 67.59%

DYBIX - Distributions

Dividend Yield Analysis

DYBIX Category Low Category High DYBIX % Rank
Dividend Yield 0.00% 0.00% 3.44% 99.54%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DYBIX Category Low Category High DYBIX % Rank
Net Income Ratio 4.04% -0.98% 5.67% 25.23%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DYBIX - Fund Manager Analysis

Managers

Jeffrey Burger


Start Date

Tenure

Tenure Rank

Nov 08, 2011

8.9

8.9%

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

8.65

8.7%

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
0.07 28.77 7.24 0.86