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Trending ETFs

Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.67

$939 M

0.00%

0.66%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$939 M

Holdings in Top 10

17.7%

52 WEEK LOW AND HIGH

$13.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.66%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/05/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.67

$939 M

0.00%

0.66%

DNYAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BNY Mellon New York AMT-Free Municipal Bond Fund
  • Fund Family Name
    BNY Mellon Family of Funds
  • Inception Date
    May 20, 2024
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

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 personal income taxes and the federal alternative minimum tax. Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities.

The fund invests at least 70% of its net 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 Insight North America LLC, the fund's sub-adviser. For additional yield, the fund may invest up to 30% of its net assets in municipal bonds rated, at the time of purchase, below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the fund's sub-adviser. The dollar-weighted average maturity of the fund's portfolio normally exceeds ten years, but the fund may invest without regard to maturity. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the bonds held by the fund, based on their dollar-weighted proportions in the fund.

The fund's sub-adviser focuses on identifying undervalued sectors and securities. To select municipal bonds for the fund, the sub-adviser uses fundamental credit analysis to estimate the relative value and attractiveness of various sectors and securities and actively trades among various sectors and securities based on their apparent relative values. The fund seeks to invest in several different sectors, and does not seek to overweight any particular sector but may do so depending on each sector's relative value at a given time.

A rigorous sell discipline is employed to continuously evaluate all fund holdings. Current holdings may become sell candidates if creditworthiness is deteriorating, if bonds with better risk and return characteristics become available, or if the holding no longer meets the sub-adviser's strategic or portfolio construction objectives.

Although the fund seeks to provide income exempt from federal, New York state and New York city income taxes and the federal alternative minimum tax, income from some of the fund's holdings may be subject to these taxes.

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DNYAX - Performance

Return Ranking - Trailing

Period DNYAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period DNYAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period DNYAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period DNYAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History


DNYAX - Holdings

Concentration Analysis

DNYAX Category Low Category High DNYAX % Rank
Net Assets 939 M N/A N/A N/A
Number of Holdings 223 N/A N/A N/A
Net Assets in Top 10 166 M N/A N/A N/A
Weighting of Top 10 17.66% N/A N/A N/A

Top 10 Holdings

  1. NEW YORK TRANSPORTATION DEVELOPMENT CORP 2.26%
  2. UTILITY DEBT SECURITIZATION AUTHORITY 2.13%
  3. TSASC INC/NY 1.96%
  4. PORT AUTHORITY OF NEW YORK NEW JERSEY 1.81%
  5. NEW YORK STATE DORMITORY AUTHORITY 1.80%
  6. NEW YORK STATE DORMITORY AUTHORITY 1.74%
  7. NEW YORK STATE ENVIRONMENTAL FACILITIES CORP 1.65%
  8. NEW YORK LIBERTY DEVELOPMENT CORP 1.60%
  9. NEW YORK TRANSPORTATION DEVELOPMENT CORP 1.43%
  10. TRIBOROUGH BRIDGE TUNNEL AUTHORITY SALES TAX REVENUE 1.30%

Asset Allocation

Weighting Return Low Return High DNYAX % Rank
Bonds
98.34% N/A N/A N/A
Cash
1.66% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High DNYAX % Rank
Derivative
0.00% N/A N/A N/A
Cash & Equivalents
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High DNYAX % Rank
US
98.34% N/A N/A N/A
Non US
0.00% N/A N/A N/A

DNYAX - Expenses

Operational Fees

DNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% N/A N/A N/A
Management Fee 0.45% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

DNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

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

DNYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

DNYAX - Distributions

Dividend Yield Analysis

DNYAX Category Low Category High DNYAX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

DNYAX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

DNYAX Category Low Category High DNYAX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

DNYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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DNYAX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A