BNY Mellon High Yield Municipal Bond Fund (DHMBX)
The investment seeks high current income exempt from federal income tax; capital appreciation to the extent consistent with its primary goal is the secondary goal. To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal income tax. The dollar-weighted average maturity of the fund's portfolio normally exceeds ten years, but the fund may invest without regard to maturity.
Fund Info
US05588R8512
05588R851
Sep 29, 2005
$1,000
Expense Ratio
DHMBX has an expense ratio of 0.69%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BNY Mellon High Yield Municipal Bond Fund (DHMBX) returned -4.26% year-to-date (YTD) and 0.00% over the past 12 months. Over the past 10 years, DHMBX returned 2.67% annually, underperforming the S&P 500 benchmark at 10.85%.
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DHMBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.36% | 1.41% | -2.88% | -2.02% | -1.15% | -4.26% | |||||||
| 2024 | 0.86% | 0.77% | 0.18% | -1.65% | 0.63% | 2.72% | 0.97% | 0.35% | 1.74% | -1.73% | 2.07% | -2.17% | 4.71% |
| 2023 | 4.34% | -3.37% | 1.65% | 0.09% | -0.58% | 1.65% | 0.13% | -1.64% | -4.49% | -2.11% | 8.79% | 2.94% | 6.91% |
| 2022 | -3.35% | -0.97% | -4.24% | -4.19% | 1.20% | -3.90% | 4.20% | -2.68% | -6.74% | -2.68% | 6.64% | -0.71% | -16.77% |
| 2021 | 2.09% | -1.44% | 1.10% | 1.36% | 1.09% | 1.18% | 1.07% | -0.51% | -1.14% | -0.39% | 1.41% | 0.24% | 6.15% |
| 2020 | 2.01% | 2.02% | -12.17% | -3.57% | 4.10% | 4.48% | 2.80% | 0.39% | -0.10% | -0.02% | 2.50% | 1.58% | 2.86% |
| 2019 | 0.18% | 1.13% | 2.30% | 0.52% | 1.87% | 0.44% | 0.72% | 2.10% | -0.32% | -0.01% | 0.27% | 0.53% | 10.12% |
| 2018 | -0.78% | -0.68% | 0.81% | 0.45% | 2.17% | 0.73% | 0.43% | 0.41% | -0.91% | -2.08% | 0.08% | 1.09% | 1.66% |
| 2017 | 1.69% | 2.39% | 0.93% | 0.88% | 2.45% | -0.25% | 0.66% | 1.07% | -0.02% | 0.34% | 0.89% | 1.39% | 13.11% |
| 2016 | 1.43% | 0.44% | 1.26% | 1.14% | 1.25% | 2.35% | 0.13% | 0.49% | -0.43% | -1.94% | -6.29% | 1.04% | 0.57% |
| 2015 | 2.48% | -1.25% | 0.63% | -0.32% | -0.34% | -0.48% | 0.72% | 0.11% | 0.70% | 0.85% | 0.97% | 1.60% | 5.76% |
| 2014 | 2.36% | 2.08% | 0.67% | 1.64% | 1.96% | -0.73% | -0.31% | 1.68% | 0.44% | 0.89% | 0.42% | 1.25% | 13.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DHMBX is 8, meaning it’s performing worse than 92% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
BNY Mellon High Yield Municipal Bond Fund provided a 4.14% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.41 | $0.39 | $0.39 | $0.44 | $0.46 | $0.50 | $0.45 | $0.57 | $0.54 | $0.54 |
Dividend yield | 4.14% | 3.91% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.15% | 3.65% | 4.98% | 4.52% | 4.57% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon High Yield Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.14 | |||||||
| 2024 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.46 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.50 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.02 | $0.45 |
| 2016 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.04 | $0.04 | $0.04 | $0.05 | $0.57 |
| 2015 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.54 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon High Yield Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BNY Mellon High Yield Municipal Bond Fund was 27.66%, occurring on Dec 17, 2008. Recovery took 358 trading sessions.
The current BNY Mellon High Yield Municipal Bond Fund drawdown is 11.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.66% | May 14, 2007 | 403 | Dec 17, 2008 | 358 | May 21, 2010 | 761 |
| -22.45% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -19.61% | Mar 2, 2020 | 16 | Mar 23, 2020 | 210 | Jan 21, 2021 | 226 |
| -11.79% | May 10, 2013 | 85 | Sep 10, 2013 | 266 | Sep 30, 2014 | 351 |
| -9.31% | Sep 2, 2016 | 65 | Dec 5, 2016 | 121 | May 31, 2017 | 186 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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