BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX)
The BNY Mellon New Jersey Municipal Bond Fund (DRNJX) aims to generate a high level of income that is not subject to federal or state income taxes in New Jersey while preserving the value of its assets. To achieve this objective, the fund typically invests at least 80% of its net assets (plus any borrowed funds used for investments) in municipal bonds that offer tax-exempt federal and New Jersey state-level income. The fund invests primarily in municipal bonds considered investment grade, meaning that they have a rating of Baa/BBB or higher or the equivalent rating as determined by the fund's adviser. It is important to note that this fund is considered non-diversified.
Fund Info
US05587D1019
05587D101
Nov 6, 1987
$1,000
Expense Ratio
DRNJX has a high expense ratio of 0.95%, 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 New Jersey Municipal Bond Fund Class A, 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 New Jersey Municipal Bond Fund Class A had a return of -0.08% year-to-date (YTD) and 1.93% in the last 12 months. Over the past 10 years, BNY Mellon New Jersey Municipal Bond Fund Class A had an annualized return of 1.78%, while the S&P 500 had an annualized return of 11.26%, indicating that BNY Mellon New Jersey Municipal Bond Fund Class A did not perform as well as the benchmark.
DRNJX
-0.08%
0.34%
0.35%
1.93%
0.15%
1.78%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of DRNJX, 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 | -0.17% | -0.08% | |||||||||||
| 2024 | 0.10% | 0.03% | -0.03% | -1.31% | -0.19% | 1.59% | 0.90% | 0.58% | 1.13% | -1.37% | 1.67% | -1.20% | 1.86% |
| 2023 | 2.83% | -2.17% | 1.95% | -0.26% | -0.51% | 0.73% | 0.31% | -1.06% | -2.95% | -1.25% | 6.23% | 2.15% | 5.81% |
| 2022 | -2.65% | -0.61% | -3.06% | -2.93% | 1.14% | -1.65% | 2.41% | -2.29% | -3.91% | -0.85% | 4.65% | 0.04% | -9.62% |
| 2021 | 0.94% | -1.64% | 0.59% | 0.95% | 0.24% | 0.35% | 0.71% | -0.26% | -0.81% | -0.28% | 0.73% | 0.11% | 1.61% |
| 2020 | 1.68% | 1.34% | -4.82% | -2.16% | 2.81% | 1.25% | 1.85% | -0.18% | -0.12% | -0.12% | 1.76% | 0.89% | 4.01% |
| 2019 | 0.74% | 0.47% | 1.19% | 0.41% | 1.34% | 0.36% | 0.79% | 1.60% | -0.83% | -0.01% | 0.06% | -0.01% | 6.26% |
| 2018 | -0.88% | -0.38% | 0.33% | -0.20% | 1.05% | 0.08% | 0.26% | 0.25% | -0.63% | -0.67% | 0.82% | -0.14% | -0.14% |
| 2017 | 0.44% | 0.81% | 0.55% | 0.72% | 1.54% | -0.36% | 0.57% | 0.88% | -0.15% | 0.11% | -0.29% | 0.94% | 5.90% |
| 2016 | 1.04% | 0.05% | 0.74% | 0.79% | 0.51% | 1.47% | -0.20% | 0.28% | -0.27% | -1.09% | -4.01% | 0.99% | 0.18% |
| 2015 | 1.82% | -0.95% | 0.22% | -0.48% | -0.58% | -0.24% | 0.76% | -0.10% | 0.75% | 0.67% | 0.52% | 0.98% | 3.39% |
| 2014 | 2.22% | 1.58% | 0.47% | 1.41% | 1.40% | -0.25% | 0.05% | 1.46% | 0.12% | 0.60% | 0.11% | 0.54% | 10.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRNJX is 24, meaning it’s performing worse than 76% 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 New Jersey Municipal Bond Fund Class A (DRNJX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon New Jersey Municipal Bond Fund Class A provided a 2.42% dividend yield over the last twelve months, with an annual payout of $0.29 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 | $0.29 | $0.31 | $0.30 | $0.29 | $0.29 | $0.32 | $0.36 | $0.39 | $0.43 | $0.42 | $0.44 | $0.45 |
Dividend yield | 2.42% | 2.63% | 2.55% | 2.48% | 2.21% | 2.42% | 2.76% | 3.11% | 3.35% | 3.34% | 3.38% | 3.48% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon New Jersey Municipal Bond Fund Class A. 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 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.29 |
| 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 | $0.32 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.39 |
| 2017 | $0.04 | $0.03 | $0.07 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.43 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.42 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.45 |
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 New Jersey Municipal Bond Fund Class A. 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 New Jersey Municipal Bond Fund Class A was 14.69%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current BNY Mellon New Jersey Municipal Bond Fund Class A drawdown is 3.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.69% | Aug 3, 2021 | 312 | Oct 26, 2022 | — | — | — |
| -11.42% | Mar 10, 2020 | 9 | Mar 20, 2020 | 178 | Dec 2, 2020 | 187 |
| -11.4% | Feb 1, 1994 | 204 | Nov 21, 1994 | 121 | May 16, 1995 | 325 |
| -10.72% | Jan 24, 2008 | 186 | Oct 16, 2008 | 138 | May 6, 2009 | 324 |
| -9.32% | Dec 10, 2012 | 185 | Sep 5, 2013 | 232 | Aug 7, 2014 | 417 |
Volatility
Volatility Chart
The current BNY Mellon New Jersey Municipal Bond Fund Class A volatility is 1.15%, 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.