PTPAX: Dreyfus Pennsylvania A

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PTPAX Dreyfus Pennsylvania A

  • Fund
  • PTPAX
  • Price as of: Jan 17, 2020
  • $16.46
    - $0.00 - 0.00%

Profile

PTPAX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $124 M
  • Holdings in Top 10 25.5%

52 WEEK LOW AND HIGH

$16.46
$15.73
$16.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.53%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Pennsylvania Fund Class A
  • Fund Family Name
    Dreyfus
  • Inception Date
    Jul 30, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Rabasco

Fund Description

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 and Pennsylvania state income taxes. It invests at least 70% of its assets in municipal bonds rated, at the time of purchase, investment grade (i.e., Baa/BBB or higher) or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. The fund is non-diversified.


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Categories

Performance

PTPAX - Performance

Return Ranking - Trailing

Period PTPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.3% 3.8% 13.89%
1 Yr 4.4% -1.5% 23.2% 60.66%
3 Yr 0.6%* -5.1% 8.8% 73.79%
5 Yr -0.2%* -5.9% 6.3% 77.45%
10 Yr 0.3%* -8.6% 8.0% 67.32%

* Annualized

Return Ranking - Calendar

Period PTPAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% -1.7% 83.9% 54.46%
2018 -3.2% -12.4% 0.8% 69.07%
2017 1.3% -6.0% 17.1% 41.10%
2016 -2.8% -58.1% 8.6% 80.16%
2015 0.5% -18.3% 3.0% 3.63%

Total Return Ranking - Trailing

Period PTPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -0.3% 3.8% 13.89%
1 Yr 4.4% -2.6% 23.2% 57.63%
3 Yr 0.6%* -5.1% 8.8% 78.01%
5 Yr -0.2%* -5.9% 6.3% 82.17%
10 Yr 0.3%* -8.6% 8.0% 76.80%

* Annualized

Total Return Ranking - Calendar

Period PTPAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% -1.7% 83.9% 55.51%
2018 -3.2% -11.7% 6.5% 74.95%
2017 1.3% -6.0% 27.0% 51.31%
2016 -2.8% -58.1% 10.7% 83.11%
2015 0.5% -14.6% 4.2% 7.50%

NAV & Total Return History


Holdings

PTPAX - Holdings

Concentration Analysis

PTPAX Category Low Category High PTPAX % Rank
Net Assets 124 M 688 K 249 B 82.56%
Number of Holdings 81 1 17590 88.28%
Net Assets in Top 10 31.3 M -203 M 24.3 B 80.08%
Weighting of Top 10 25.48% 2.3% 138.1% 39.20%

Top 10 Holdings

  1. MONTGOMERY CNTY PA INDL DEV AUTH RETIREMENT CMNTY REV 5% 3.02%
  2. PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5% 2.96%
  3. PENNSYLVANIA ST TPK COMMN TPK REV 5% 2.89%
  4. PHILADELPHIA PA AUTH FOR INDL DEV HOSP REV 5% 2.77%
  5. DELAWARE RIV PORT AUTH PA & NJ REV 5% 2.75%
  6. DAUPHIN CNTY PA GEN AUTH HEALTH SYS REV 5% 2.64%
  7. GEISINGER AUTH PA HEALTH SYS REV 5% 2.28%
  8. PENNSYLVANIA ST TPK COMMN TPK REV 5% 2.27%
  9. ALLEGHENY CNTY PA HOSP DEV AUTH REV 5% 1.99%
  10. STATE PUB SCH BLDG AUTH PA SCH REV 5% 1.91%

Asset Allocation

Weighting Return Low Return High PTPAX % Rank
Bonds
100.00% 80.34% 160.64% 14.13%
Stocks
0.00% -17.64% 26.05% 84.41%
Preferred Stocks
0.00% 0.00% 7.32% 85.16%
Other
0.00% -26.77% 31.28% 82.03%
Convertible Bonds
0.00% 0.00% 6.14% 89.38%
Cash
0.00% -60.64% 28.73% 87.18%

Bond Sector Breakdown

Weighting Return Low Return High PTPAX % Rank
Municipal
100.00% 0.00% 100.00% 5.26%
Derivative
0.00% 0.00% 24.34% 85.26%
Cash & Equivalents
0.00% -26.49% 21.73% 98.40%
Securitized
0.00% 0.00% 97.31% 90.13%
Corporate
0.00% 0.00% 99.29% 91.97%
Government
0.00% 0.00% 100.00% 90.66%

Bond Geographic Breakdown

Weighting Return Low Return High PTPAX % Rank
US
99.08% 67.16% 160.64% 19.14%
Non US
0.92% -27.08% 20.66% 69.85%

Expenses

PTPAX - Expenses

Operational Fees

PTPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.00% 209.96% 32.27%
Management Fee 0.55% 0.00% 1.25% 95.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PTPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 5.75% 16.93%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PTPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PTPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.53% 0.00% 2053.00% 6.21%

Distributions

PTPAX - Distributions

Dividend Yield Analysis

PTPAX Category Low Category High PTPAX % Rank
Dividend Yield 0.61% 0.00% 5.21% 52.90%

Dividend Distribution Analysis

PTPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PTPAX Category Low Category High PTPAX % Rank
Net Income Ratio 2.65% 0.00% 6.30% 48.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PTPAX - Fund Manager Analysis

Managers

Daniel Rabasco


Start Date

Tenure

Tenure Rank

Feb 10, 2012

7.89

7.9%

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

Oct 29, 2014

5.18

5.2%

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
0.01 33.1 7.64 0.67