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Morningstar

BNY Mellon New Jersey Municipal Bond A DRNJX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 11.80  /  +0.02 %
  • Total Assets 316.3 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.61%
  • Effective Duration —

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis DRNJX

Will DRNJX 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 DRNJX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Strength in BNY Mellon New Jersey Municipal Bond A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DRNJX

More DRNJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75%

3.39 10.5 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

3.29 10.2 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV 4%

2.93 9.1 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

2.39 7.4 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

2.32 7.2 Mil
municipal

PORT AUTH N Y & N J 5%

2.30 7.1 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH 5%

2.29 7.1 Mil
municipal

PORT AUTH N Y & N J 5%

2.27 7.1 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

1.98 6.2 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

1.96 6.1 Mil
municipal