Historical Prices

Start Date End Date

BNY Mellon New York AMT-Free Municipal Bond Fund

Why invest in this Fund?

The fund seeks to maximize current income exempt from federal, New York state and New York city income taxes to the extent consistent with the preservation of capital. To pursue its goal, 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, New York state and New York city income taxes and the federal alternative minimum tax.

Min. class investment
$1,000
Class Inception Date
12/15/08
Class Status
Not available for purchase by individual investors.
Fund Assets
$305,635,897  As of  07/02/20
Class Assets
$60,878,912  As of  07/02/20
Portfolio Turnover Rate
9.24%  As of fiscal year end  11/30/19
Morningstar Category
Municipal New York Intermediate
Benchmark
Bloomberg Barclays U.S. Municipal Bond Index
Morningstar Overall Rating
Fund Holdings
114  As of  05/31/20
Average Effective Maturity
18.67  yr(s).  As of  05/31/20
Average Effective Duration
4.96  yr(s).  As of  05/31/20

Morningstar Rating™ as of May 31, 2020 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Municipal New York Intermediate category. Fund ratings are out of 5 Stars: Overall 5 Stars (47 funds rated); 3 Yrs. 4 Stars (47 funds rated); 5 Yrs. 4 Stars (44 funds rated); 10 Yrs. 5 Stars (38 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Portfolio Managers

  • Casey, Thomas

    Thomas Casey

    Portfolio Manager, Mellon Investments Corporation

    11 yr(s). on fund

  • Rabasco, Daniel

    Daniel Rabasco

    Portfolio Manager, Mellon Investments Corporation

    6 yr(s). on fund


As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New York AMT-Free Municipal Bond Fund
DNYIX
2.73 3.20 3.39 3.72 5.30 12/15/08
As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New York AMT-Free Municipal Bond Fund
DNYIX
2.73 3.20 3.39 3.72 5.30 12/15/08
As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New York AMT-Free Municipal Bond Fund
DNYIX
2.73 9.89 18.11 44.04 463.73 12/15/08
As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New York AMT-Free Municipal Bond Fund
DNYIX
2.73 9.89 18.11 44.04 463.73 12/15/08
The Bloomberg Barclays U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class A for periods prior to December 15, 2008, the inception date for Class I shares, and the performance of Class I, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.
    Fund 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19 08/19 07/19
    DNYIX
    2.72% 2.78% 2.82% 2.76% 2.71% 2.74% 2.75% 2.73% 2.76% 2.76% 2.66% 2.73%

    Yield fluctuates and past performance is no guarantee of future results.

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DNYIX
    7.72% -0.13% 5.32% 0.01% 3.67% 9.57% -4.07% 6.58% 10.23% 1.89%

    Investment return fluctuates and past performance is no guarantee of future results.

    Taxable Equivalent Yield Based on the Fund's 30-day SEC Yield

    30-Day SEC Yield With Waiver: 1.63%

    Combined Effective Federal and State Income Tax Rate

     

    As of  07/02/20
    Name 41.00% 41.13% 42.99% 47.28% 48.39%
    Joint Return $250,001 to $321,050 $321,051 to $413,050 $413,351 to $466,950 $466,951 to $2,140,900 Over $2,140,901
    Single Return $200,001 to $214,000 $214,001 to $413,350 $413,351 to $415,050 $415,051 to $1,070,350 Over $1,070,351
    BNY Mellon New York AMT-Free Municipal Bond Fund
    DNYIX
    2.76% 2.77% 2.86% 3.09% 3.16%

    Composite effective Federal and State tax bracket for New York residents after Federal benefits. Income is subject to State and local taxes for non-New York residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    30-Day SEC Yield Without Waiver: 1.53%

    Combined Effective Federal and State Income Tax Rate

     

    As of  07/02/20
    Name 41.00% 41.13% 42.99% 47.28% 48.39%
    Joint Return $250,001 to $321,050 $321,051 to $413,050 $413,351 to $466,950 $466,951 to $2,140,900 Over $2,140,901
    Single Return $200,001 to $214,000 $214,001 to $413,350 $413,351 to $415,050 $415,051 to $1,070,350 Over $1,070,351
    BNY Mellon New York AMT-Free Municipal Bond Fund
    DNYIX
    2.59% 2.60% 2.68% 2.90% 2.96%

    Composite effective Federal and State tax bracket for New York residents after Federal benefits. Income is subject to State and local taxes for non-New York residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    Restated yields do not reflect current undertaking in effect, which may be modified, extended, or terminated at any time.


    Prospectus Fee Table Expense Ratios

    As of  03/31/20 Fee Description Expense Ratio (%)
    Management Fee 0.55%
    Other Expenses 0.20%
    Total Expenses 0.75%
    Expenses Reimbursed 0.10%
    Net Expenses 0.65%
    Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until March 31, 2021, to waive receipt of a portion of its management fees in the amount of .10% of the value of the fund's average daily net assets. On or after March 31, 2021, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time. In addition, BNY Mellon Investment Adviser, Inc. has contractually agreed, until March 31, 2021, to assume the direct expenses of Class Y so that the direct expenses of Class Y do not exceed the direct expenses of Class I. On or after March 31, 2021, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement for Class Y at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. Thomas Casey and Daniel Rabasco are the fund's primary portfolio managers, positions they have held since December 2009 and October 2014, respectively. Mr. Casey is a senior portfolio manager for tax-sensitive fixed income strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc., and Mr. Rabasco is the head of tax-sensitive fixed income strategies at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation


        Daily Statistics

        As of  07/02/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)
        30-Day Sec Yield 
        (WITH WAIVER)
        NAV Change 03/09/20  12 Month 
        High Nav
        03/20/20  12 Month 
        Low Nav
        YTD Return
        DNYIX
        1.53% 1.63% $15.01
        $0.00
        0.00%
        $15.61 $13.79 0.52%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Municipal New York Intermediate


        Morningstar Rating™ as of 05/31/20 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Municipal New York Intermediate. Fund ratings are out of 5 Stars: Overall 5 Stars (129 funds rated); 3 Yrs. 4 Stars (47 funds rated); 5 Yrs. 4 Stars (44 funds rated); 10 Yrs. 5 Stars (38 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          30 out of 96
        • 3 Year
          42 out of 85
        • 5 Year
          29 out of 81
        • 10 Year
          29 out of 61

        LIPPER CLASSIFICATION New York Municipal Debt Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
        Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
        Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

        Risk Metrics

        As of  05/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DNYIX
        4.43 -1.28 1.10 95.90 0.24

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Nov 30
        Annualized Distribution Rate
        2.72%
        As of  06/2020
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        06/2020 0.035752345
        05/2020 0.032850671
        04/2020 0.033501619
        03/2020 0.035921701
        02/2020 0.032315414
        01/2020 0.035768126
        12/2019 0.036521743
        11/2019 0.032905171
        10/2019 0.035579629
        09/2019 0.035674474
        08/2019 0.033593680
        07/2019 0.037294827
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DNYIX
        0.0000 0.0000 0.0000 0.0000 0.0300 0.0300 15.14
        Record Date Ex-Dividend Date Payable Date
        DNYIX
        12/26/19 12/27/19 12/27/19
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DNYIX
        Final 0.0000 0.0000 0.0000 0.0000 0.0300 0.0300 15.14
        Record Date Ex-Dividend Date Payable Date
        DNYIX
        12/26/19 12/27/19 12/27/19