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Morningstar

BNY Mellon AMT-Free Municipal Bond Z DRMBX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 12.62  /  0.25 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Limited
  • TTM Yield 2.66%
  • Effective Duration —

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis DRMBX

Will DRMBX 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 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.

A solid team with a consistent, straightforward approach to the muni market.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

BNY Mellon AMT-Free Municipal Bond’s undistinctive approach, coupled with recent team turnover, support a Morningstar Medalist Rating of Neutral for its cheapest shares; its priciest share class is rated Negative.

by Elizabeth Foos
Rated on Published on

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Portfolio Holdings DRMBX

More DRMBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 472
  • Other Holdings 1
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JEFFERSON CNTY ALA SWR REV

1.25
14,585,997
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.20
13,965,478
municipal

SOUTH CAROLINA ST PORTS AUTH PORTS REV 5%

0.94
10,972,011
municipal

GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 5%

0.88
10,228,442
municipal

PHILADELPHIA PA SCH DIST 5%

0.86
9,971,470
municipal

LANCASTER CNTY PA HOSP AUTH REV 5%

0.80
9,358,283
municipal

ARIZONA INDL DEV AUTH NATL CHARTER SCH REVOLVING LN FD REV 4%

0.75
8,780,584
municipal

PUERTO RICO COMWLTH 5.625%

0.75
8,780,081
municipal

MONTGOMERY CNTY PA INDL DEV AUTH RETIREMENT CMNTY REV 5%

0.70
8,204,298
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.68
7,959,888
municipal