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Morningstar

BNY Mellon New York Tax Exempt Bond DRNYX

Morningstar Medalist Rating
Medalist Rating as of | See BNY Mellon Investment Hub
  • NAV / 1-Day Return 13.08  /  0.07 %
  • Total Assets 746.1 Mil
  • Adj. Expense Ratio
    0.710%
  • Expense Ratio 0.730%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni New York Intermediate
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.77%
  • Effective Duration —

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:15 PM GMT+0

Morningstar’s Analysis DRNYX

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

People Pillar

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

BNY Mellon New York Tax Exempt Bond's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DRNYX

More DRNYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 176
  • Other Holdings 1
  • % Assets in Top 10 Holdings 20.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST DORM AUTH REVS 5.75%

2.86
21,975,626
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

2.63
20,189,030
municipal

UTILITY DEBT SECURITIZATION AUTH N Y 5%

2.30
17,707,815
municipal

NEW YORK ST DORM AUTH REVS

2.06
15,856,449
municipal

TSASC INC N Y 5%

2.05
15,779,871
municipal

NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING WTR REV 5%

2.03
15,580,166
municipal

PORT AUTH N Y & N J 6.125%

1.98
15,235,395
municipal

NEW YORK N Y 5%

1.78
13,668,299
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5.25%

1.63
12,505,554
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

1.53
11,762,586
municipal