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Trending ETFs

Name

As of 06/20/2024

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

$13.65

$227 M

2.89%

$0.39

0.86%

Vitals

YTD Return

0.9%

1 yr return

3.9%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

0.7%

Net Assets

$227 M

Holdings in Top 10

19.0%

52 WEEK LOW AND HIGH

$13.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 7.88%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/20/2024

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

$13.65

$227 M

2.89%

$0.39

0.86%

PSNYX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon New York AMT-Free Municipal Bond Fund
  • Fund Family Name
    Dreyfus
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Casey

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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PSNYX - Performance

Return Ranking - Trailing

Period PSNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -3.1% 16.8% 42.43%
1 Yr 3.9% -1.6% 29.4% 43.69%
3 Yr -1.4%* -11.1% 2.9% 66.87%
5 Yr 0.7%* -6.4% 1102.2% 54.70%
10 Yr 1.9%* -0.6% 248.4% 41.19%

* Annualized

Return Ranking - Calendar

Period PSNYX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -1.4% 41.0% 24.76%
2022 -12.7% -39.7% 0.3% 66.38%
2021 -0.2% -5.6% 6.9% 36.90%
2020 0.5% -2.6% 310.0% 91.03%
2019 4.6% 0.0% 26.0% 23.95%

Total Return Ranking - Trailing

Period PSNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -3.1% 16.8% 42.43%
1 Yr 3.9% -1.6% 29.4% 43.69%
3 Yr -1.4%* -11.1% 2.9% 66.87%
5 Yr 0.7%* -6.4% 1102.2% 54.70%
10 Yr 1.9%* -0.6% 248.4% 41.19%

* Annualized

Total Return Ranking - Calendar

Period PSNYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -1.3% 41.0% 31.79%
2022 -10.3% -39.7% 1.1% 64.46%
2021 2.5% -4.8% 23761504.0% 26.73%
2020 3.5% -1.5% 17057.9% 59.35%
2019 7.7% 0.2% 3514.6% 18.23%

NAV & Total Return History


PSNYX - Holdings

Concentration Analysis

PSNYX Category Low Category High PSNYX % Rank
Net Assets 227 M 3.22 M 71.9 B 67.82%
Number of Holdings 121 2 13067 77.84%
Net Assets in Top 10 43 M -317 M 3.56 B 69.33%
Weighting of Top 10 18.99% 2.0% 100.2% 46.10%

Top 10 Holdings

  1. NEW YORK STATE DORMITORY AUTHORITY 2.28%
  2. METROPOLITAN TRANSPORTATION AUTHORITY 2.23%
  3. NEW YORK LIBERTY DEVELOPMENT CORP 2.21%
  4. MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY 1.90%
  5. PORT AUTHORITY OF NEW YORK NEW JERSEY 1.82%
  6. NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 1.81%
  7. PORT AUTHORITY OF NEW YORK NEW JERSEY 1.80%
  8. MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY 1.68%
  9. NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY 1.66%
  10. CITY OF NEW YORK NY 1.61%

Asset Allocation

Weighting Return Low Return High PSNYX % Rank
Bonds
99.07% 0.00% 150.86% 40.45%
Cash
0.93% -50.86% 46.80% 58.35%
Stocks
0.00% 0.00% 99.81% 89.94%
Preferred Stocks
0.00% 0.00% 0.56% 89.02%
Other
0.00% -3.18% 33.35% 84.54%
Convertible Bonds
0.00% 0.00% 0.93% 88.98%

Bond Sector Breakdown

Weighting Return Low Return High PSNYX % Rank
Municipal
100.00% 44.39% 100.00% 8.55%
Derivative
0.00% -3.18% 19.67% 83.95%
Cash & Equivalents
0.00% 0.00% 46.24% 95.26%
Securitized
0.00% 0.00% 5.93% 89.17%
Corporate
0.00% 0.00% 9.41% 89.56%
Government
0.00% 0.00% 52.02% 89.63%

Bond Geographic Breakdown

Weighting Return Low Return High PSNYX % Rank
US
99.07% 0.00% 142.23% 38.53%
Non US
0.00% 0.00% 23.89% 91.23%

PSNYX - Expenses

Operational Fees

PSNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 20.65% 37.65%
Management Fee 0.45% 0.00% 1.20% 64.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

PSNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 4.75% 10.20%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PSNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

PSNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.88% 0.00% 283.00% 12.72%

PSNYX - Distributions

Dividend Yield Analysis

PSNYX Category Low Category High PSNYX % Rank
Dividend Yield 2.89% 0.00% 14.51% 62.79%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PSNYX Category Low Category High PSNYX % Rank
Net Income Ratio 2.18% -0.53% 5.33% 36.36%

Capital Gain Distribution Analysis

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

Distributions History

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PSNYX - Fund Manager Analysis

Managers

Thomas Casey


Start Date

Tenure

Tenure Rank

Dec 10, 2009

12.48

12.5%

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.

Daniel Rabasco


Start Date

Tenure

Tenure Rank

Oct 29, 2014

7.59

7.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58