XDMFX: Dreyfus Municipal Income

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XDMFX Dreyfus Municipal Income


Profile

XDMFX - Profile

Vitals

  • YTD Return -9.8%
  • 3 Yr Annualized Return -3.3%
  • 5 Yr Annualized Return -2.9%
  • Net Assets $182 M
  • Holdings in Top 10 21.6%

52 WEEK LOW AND HIGH

$8.41
$7.81
$9.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.62%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -9.8%
  • 3 Yr Annualized Total Return -3.3%
  • 5 Yr Annualized Total Return -2.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Municipal Income
  • Fund Family Name
    Dreyfus
  • Inception Date
    Oct 24, 1988
  • Shares Outstanding
    20746281
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Burger

Fund Description

N/A


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Categories

Performance

XDMFX - Performance

Return Ranking - Trailing

Period XDMFX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.8% -26.1% 196.4% 98.81%
1 Yr -7.0% -25.0% 191.7% 97.48%
3 Yr -3.3%* -8.2% 8.2% 98.28%
5 Yr -2.9%* -6.0% 11.3% 98.54%
10 Yr -0.9%* -5.3% 3.9% 95.18%

* Annualized

Return Ranking - Calendar

Period XDMFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -4.3% 18.3% 34.80%
2018 -4.4% -11.7% 4.6% 85.70%
2017 0.9% -6.0% 8.3% 58.34%
2016 -4.5% -7.8% 7.7% 97.32%
2015 -0.9% -18.3% 3.0% 48.86%

Total Return Ranking - Trailing

Period XDMFX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.8% -26.1% 196.4% 98.81%
1 Yr -7.0% -25.0% 191.7% 97.48%
3 Yr -3.3%* -8.2% 10.3% 98.66%
5 Yr -2.9%* -6.0% 11.3% 98.64%
10 Yr -0.9%* -5.3% 6.8% 97.59%

* Annualized

Total Return Ranking - Calendar

Period XDMFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.0% -4.3% 18.3% 35.54%
2018 -4.4% -11.7% 6.5% 88.55%
2017 0.9% -6.0% 10.4% 65.86%
2016 -4.5% -7.8% 10.7% 97.60%
2015 -0.9% -12.6% 4.2% 56.09%

NAV & Total Return History


Holdings

XDMFX - Holdings

Concentration Analysis

XDMFX Category Low Category High XDMFX % Rank
Net Assets 182 M 640 K 259 B 75.67%
Number of Holdings 139 1 17723 74.44%
Net Assets in Top 10 31.1 M -216 M 24.5 B 79.81%
Weighting of Top 10 21.64% 2.4% 100.0% 47.90%

Top 10 Holdings

  1. TENDER OPT BD TR RCPTS / CTFS VAR STS 9.43% 4.33%
  2. Ultra US Treasury Bond Future June 20 3.76%
  3. TOBACCO SETTLEMENT REV MGMT AUTH S C TOB SETTLEMENT REV 6.38% 2.47%
  4. JEFFERSON CNTY ALA SWR REV 0% 1.80%
  5. LOWER ALA GAS DIST GAS PROJ REV 5% 1.72%
  6. TOBACCO SETTLEMENT FING CORP N J 5.25% 1.69%
  7. ILLINOIS ST 5% 1.56%
  8. SANTA ANA CALIF CMNTY REDEV AGY TAX ALLOCATION 6.75% 1.44%
  9. TENDER OPT BD TR RCPTS / CTFS VAR STS 17.73% 1.43%
  10. DETROIT MICH WTR SUPPLY SYS REV 5% 1.43%

Asset Allocation

Weighting Return Low Return High XDMFX % Rank
Bonds
99.90% 80.16% 159.74% 18.72%
Cash
0.10% -59.74% 19.74% 79.48%
Stocks
0.00% -0.38% 24.73% 55.18%
Preferred Stocks
0.00% 0.00% 7.43% 59.40%
Other
0.00% -4.02% 28.26% 55.72%
Convertible Bonds
0.00% 0.00% 7.24% 73.29%

Bond Sector Breakdown

Weighting Return Low Return High XDMFX % Rank
Municipal
99.90% 0.00% 100.11% 10.66%
Cash & Equivalents
0.10% -29.57% 39.95% 86.07%
Derivative
0.00% -0.83% 31.05% 57.81%
Securitized
0.00% 0.00% 98.30% 77.32%
Corporate
0.00% 0.00% 99.29% 81.03%
Government
0.00% -2.21% 122.41% 79.55%

Bond Geographic Breakdown

Weighting Return Low Return High XDMFX % Rank
US
98.78% 61.83% 156.78% 21.20%
Non US
1.12% -26.61% 26.76% 66.27%

Expenses

XDMFX - Expenses

Operational Fees

XDMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.01% 34.57% 10.74%
Management Fee 0.70% 0.00% 1.10% 99.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

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

Trading Fees

XDMFX 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.

XDMFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.62% 0.00% 489.00% 39.96%

Distributions

XDMFX - Distributions

Dividend Yield Analysis

XDMFX Category Low Category High XDMFX % Rank
Dividend Yield 0.00% 0.00% 3.72% 62.38%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XDMFX Category Low Category High XDMFX % Rank
Net Income Ratio 4.34% -0.20% 6.30% 1.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XDMFX - Fund Manager Analysis

Managers

Jeffrey Burger


Start Date

Tenure

Tenure Rank

Nov 19, 2014

5.37

5.4%

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 Rabasco


Start Date

Tenure

Tenure Rank

Jul 20, 2016

3.7

3.7%

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
0.01 33.35 7.4 0.25