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Morningstar

BNY Mellon High Yield Municipal Bond - C DHYCX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 10.58  /  0.48 %
  • Total Assets 262.2 Mil
  • Adj. Expense Ratio
    1.590%
  • Expense Ratio 1.630%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.82%
  • Effective Duration —

USD | NAV as of May 31, 2023 | 1-Day Return as of May 31, 2023, 10:11 PM GMT+0

Morningstar’s Analysis DHYCX

Will DHYCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DHYCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the DHYCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of DHYCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

BNY Mellon High Yield Municipal Bond - C's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DHYCX

More DHYCX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 0
  • Bond Holdings 195
  • Other Holdings 1
  • % Assets in Top 10 Holdings 14.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN TOB SETTLEMENT FIN AUTH TOB SETTLEMENT ASSET BACKED REV

1.80
4,677,694
municipal

Us Dollar

1.78
4,622,152
Cash and Equivalents

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

1.68
4,352,599
municipal

NEW YORK CONVENTION CTR DEV CORP N Y REV

1.61
4,185,231
municipal

SOUTH JERSEY PORT CORP N J REV 5%

1.58
4,092,955
municipal

CLIFTON TEX HIGHER ED FIN CORP ED REV 6.125%

1.53
3,975,909
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

1.53
3,964,111
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 4%

1.46
3,781,371
municipal

CALIFORNIA MUN FIN AUTH STUDENT HSG REV 4%

1.26
3,266,057
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.23
3,203,398
municipal