BNY Mellon AMT-Free Municipal Bond Fund (DRMBX)
The investment seeks as high a level of current income exempt from federal income tax as is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets in municipal bonds that provide income exempt from the federal alternative minimum tax. It invests at least 65% of its assets in municipal bonds rated, at the time of purchase, A or higher or the unrated equivalent as determined by the sub-adviser.
Fund Info
US05588R2085
05588R208
May 5, 1994
$1,000
Expense Ratio
DRMBX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon AMT-Free 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 AMT-Free Municipal Bond Fund had a return of 0.07% year-to-date (YTD) and 2.64% in the last 12 months. Over the past 10 years, BNY Mellon AMT-Free Municipal Bond Fund had an annualized return of 2.22%, while the S&P 500 had an annualized return of 11.26%, indicating that BNY Mellon AMT-Free Municipal Bond Fund did not perform as well as the benchmark.
DRMBX
0.07%
0.45%
0.52%
2.64%
0.55%
2.22%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of DRMBX, 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 | -0.15% | 0.07% | |||||||||||
| 2024 | 0.24% | 0.15% | 0.11% | -1.02% | 0.05% | 1.52% | 0.78% | 0.57% | 1.05% | -1.14% | 1.60% | -1.30% | 2.58% |
| 2023 | 2.86% | -2.12% | 1.85% | -0.23% | -0.36% | 0.85% | 0.32% | -1.11% | -2.92% | -1.55% | 6.65% | 2.21% | 6.25% |
| 2022 | -2.69% | -0.54% | -2.92% | -2.74% | 1.03% | -1.88% | 2.48% | -2.08% | -3.60% | -1.03% | 4.48% | -0.01% | -9.40% |
| 2021 | 0.72% | -1.58% | 0.60% | 0.85% | 0.43% | 0.32% | 0.64% | -0.29% | -0.78% | -0.18% | 0.79% | -0.09% | 1.42% |
| 2020 | 1.81% | 1.42% | -4.50% | -1.91% | 3.17% | 1.48% | 1.66% | -0.14% | -0.01% | -0.23% | 1.57% | 0.67% | 4.86% |
| 2019 | 0.76% | 0.59% | 1.60% | 0.46% | 1.52% | 0.42% | 0.80% | 1.67% | -0.74% | 0.08% | 0.14% | 0.15% | 7.68% |
| 2018 | -1.01% | -0.49% | 0.24% | -0.32% | 1.27% | 0.16% | 0.18% | 0.17% | -0.65% | -0.61% | 0.68% | 1.13% | 0.74% |
| 2017 | 0.43% | 0.75% | 0.28% | 0.75% | 1.65% | -0.30% | 0.68% | 0.82% | -0.39% | 0.12% | -0.33% | 1.03% | 5.62% |
| 2016 | 1.18% | 0.07% | 0.41% | 0.81% | 0.41% | 1.77% | -0.24% | 0.21% | -0.58% | -1.06% | -4.16% | 1.22% | -0.09% |
| 2015 | 1.99% | -1.19% | 0.38% | -0.49% | -0.35% | -0.11% | 0.80% | 0.36% | 0.65% | 0.43% | 0.57% | 0.85% | 3.93% |
| 2014 | 2.10% | 1.58% | 0.19% | 1.35% | 1.70% | -0.05% | 0.18% | 1.46% | 0.14% | 0.72% | 0.14% | 0.61% | 10.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRMBX is 40, indicating average performance compared to other mutual funds on our website. Here’s 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 AMT-Free Municipal Bond Fund (DRMBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon AMT-Free Municipal Bond Fund provided a 2.75% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.40 | $0.38 | $0.32 | $0.31 | $0.35 | $0.39 | $0.41 | $0.43 | $0.45 | $0.49 | $0.53 |
Dividend yield | 2.75% | 2.99% | 2.80% | 2.47% | 2.10% | 2.37% | 2.69% | 2.96% | 3.07% | 3.25% | 3.47% | 3.71% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon AMT-Free 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 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.40 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.41 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.43 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.53 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon AMT-Free 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 AMT-Free Municipal Bond Fund was 14.30%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current BNY Mellon AMT-Free Municipal Bond Fund drawdown is 1.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.3% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.24% | Jan 24, 2008 | 226 | Dec 15, 2008 | 107 | May 20, 2009 | 333 |
| -11.81% | Mar 10, 2020 | 9 | Mar 20, 2020 | 98 | Aug 10, 2020 | 107 |
| -8.28% | Apr 13, 1999 | 204 | Jan 24, 2000 | 133 | Aug 3, 2000 | 337 |
| -7.86% | Oct 15, 2010 | 65 | Jan 18, 2011 | 134 | Jul 29, 2011 | 199 |
Volatility
Volatility Chart
The current BNY Mellon AMT-Free Municipal Bond Fund volatility is 0.98%, 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.