Morningstar

BNY Mellon AMT-Free Municipal Bond Fund - Class Z DRMBX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 13.41  /  0.00
  • Total Assets 1.8B
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.41%
  • Effective Duration —

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DRMBX

Will DRMBX outperform in the 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 DRMBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DRMBX 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 DRMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Risk on.

Associate Analyst Rafael Ramirez

Rafael Ramirez

Associate Analyst

Summary

Insight BNY Mellon AMT-Free’s new management, combined with its greater appetite for risk, warrants caution.

by Rafael Ramirez
Rated on Published on

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Portfolio Holdings DRMBX

More DRMBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

2.06 36M
municipal

PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25%

1.27 22M
municipal

JEFFERSON CNTY ALA SWR REV 5.5%

1.24 22M
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%

1.07 19M
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.97 17M
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

0.96 17M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 6%

0.94 17M
municipal

MASSACHUSETTS ST DEV FIN AGY REV 5.5%

0.81 14M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 4%

0.79 14M
municipal

PORT PORTLAND ORE ARPT REV 5.5%

0.70 12M
municipal

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