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
| ISIN | US05588R8512 |
|---|---|
| CUSIP | 05588R851 |
| Issuer | BNY Mellon |
| Inception Date | Sep 29, 2005 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The BNY Mellon High Yield Municipal Bond Fund has a high expense ratio of 0.69%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon High Yield Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BNY Mellon High Yield Municipal Bond Fund had a return of 0.29% year-to-date (YTD) and 4.42% in the last 12 months. Over the past 10 years, BNY Mellon High Yield Municipal Bond Fund had an annualized return of 3.31%, while the S&P 500 had an annualized return of 10.55%, indicating that BNY Mellon High Yield Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.29% | 6.33% |
| 1 month | -1.59% | -2.81% |
| 6 months | 13.10% | 21.13% |
| 1 year | 4.42% | 24.56% |
| 5 years (annualized) | 0.67% | 11.55% |
| 10 years (annualized) | 3.31% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.86% | 0.77% | 0.52% | |||||||||
| 2023 | -4.49% | -2.11% | 8.79% | 2.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
BNY Mellon High Yield Municipal Bond Fund(DHMBX)
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.
Dividends
Dividend History
BNY Mellon High Yield Municipal Bond Fund granted a 3.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.41 | $0.39 | $0.39 | $0.44 | $0.46 | $0.49 | $0.45 | $0.57 | $0.54 | $0.54 | $0.55 |
Dividend yield | 3.87% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.08% | 3.65% | 4.98% | 4.52% | 4.57% | 5.00% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.03 | $0.04 | |||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 11.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.66% | May 14, 2007 | 403 | Dec 17, 2008 | 358 | May 21, 2010 | 761 |
| -22.46% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -19.61% | Mar 2, 2020 | 16 | Mar 23, 2020 | 212 | Jan 25, 2021 | 228 |
| -11.8% | 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 current BNY Mellon High Yield Municipal Bond Fund volatility is 1.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.