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 above-average management fees.
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 New Jersey Municipal Bond Fund Class A (DRNJX) returned -2.45% year-to-date (YTD) and 1.19% over the past 12 months. Over the past 10 years, DRNJX returned 1.83% annually, underperforming the S&P 500 benchmark at 10.84%.
DRNJX
-2.45%
-0.04%
-3.24%
1.19%
1.16%
0.41%
1.83%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | 0.07% | 0.88% | -2.07% | -0.73% | -0.61% | -2.45% | |||||||
| 2024 | 0.10% | 0.03% | -0.23% | -1.09% | -0.19% | 1.59% | 0.90% | 0.58% | 1.13% | -1.37% | 1.67% | -1.20% | 1.89% |
| 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% | -2.83% | -2.93% | 1.14% | -1.65% | 2.41% | -2.29% | -3.91% | -0.85% | 4.65% | 0.04% | -9.40% |
| 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% | -4.67% | -2.16% | 2.81% | 1.25% | 1.85% | -0.18% | -0.12% | -0.12% | 1.76% | 0.89% | 4.17% |
| 2019 | 0.74% | 0.47% | 1.36% | 0.41% | 1.34% | 0.37% | 0.79% | 1.60% | -0.83% | -0.01% | 0.06% | 0.35% | 6.83% |
| 2018 | -0.88% | -0.38% | 0.44% | -0.20% | 1.05% | 0.08% | 0.26% | 0.25% | -0.63% | -0.51% | 0.66% | 1.12% | 1.24% |
| 2017 | 0.44% | 0.81% | 0.59% | 0.72% | 1.54% | -0.36% | 0.57% | 0.88% | -0.15% | 0.11% | -0.29% | 0.94% | 5.94% |
| 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% | 0.49% | 1.41% | 1.40% | -0.25% | 0.05% | 1.45% | 0.12% | 0.60% | 0.11% | 0.54% | 10.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRNJX is 16, meaning it’s performing worse than 84% 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.
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Dividends
Dividend History
BNY Mellon New Jersey Municipal Bond Fund Class A provided a 2.75% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.30 | $0.32 | $0.29 | $0.34 | $0.43 | $0.56 | $0.44 | $0.42 | $0.44 | $0.46 |
Dividend yield | 2.75% | 2.66% | 2.55% | 2.74% | 2.21% | 2.56% | 3.28% | 4.49% | 3.39% | 3.34% | 3.38% | 3.50% |
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 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 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 | $0.05 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.32 |
| 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 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.43 |
| 2018 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.19 | $0.56 |
| 2017 | $0.04 | $0.03 | $0.08 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 |
| 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 | $0.46 |
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 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 14.48%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current BNY Mellon New Jersey Municipal Bond Fund Class A drawdown is 5.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.48% | Aug 3, 2021 | 312 | Oct 26, 2022 | — | — | — |
| -11.42% | Mar 10, 2020 | 9 | Mar 20, 2020 | 176 | Nov 30, 2020 | 185 |
| -11.4% | Feb 1, 1994 | 210 | Nov 21, 1994 | 126 | May 16, 1995 | 336 |
| -10.72% | Jan 24, 2008 | 185 | Oct 16, 2008 | 138 | May 6, 2009 | 323 |
| -9.28% | Dec 10, 2012 | 186 | Sep 5, 2013 | 231 | Aug 6, 2014 | 417 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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