BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX)
The investment seeks as high a level of current income exempt from federal, New York state and New York city income taxes as is consistent with the preservation of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York city income taxes. It may invest up to 20% of its assets in municipal bonds rated below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the advisor.
Fund Info
ISIN | US05589N1072 |
---|---|
CUSIP | 05589N107 |
Issuer | BNY Mellon |
Inception Date | Jul 25, 1983 |
Category | Municipal Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
DRNYX has a high expense ratio of 0.73%, 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 York Tax Exempt Bond Fund, Inc., 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 York Tax Exempt Bond Fund, Inc. had a return of 0.37% year-to-date (YTD) and 3.95% in the last 12 months. Over the past 10 years, BNY Mellon New York Tax Exempt Bond Fund, Inc. had an annualized return of 2.02%, while the S&P 500 had an annualized return of 10.99%, indicating that BNY Mellon New York Tax Exempt Bond Fund, Inc. did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.37% | 11.18% |
1 month | 0.96% | 5.60% |
6 months | 4.34% | 17.48% |
1 year | 3.95% | 26.33% |
5 years (annualized) | 0.86% | 13.16% |
10 years (annualized) | 2.02% | 10.99% |
Monthly Returns
The table below presents the monthly returns of DRNYX, 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.23% | 0.07% | 0.08% | -1.03% | 0.37% | ||||||||
2023 | 2.96% | -2.07% | 1.89% | -0.30% | -0.21% | 0.82% | 0.23% | -1.18% | -2.79% | -1.38% | 6.01% | 1.94% | 5.77% |
2022 | -2.72% | -0.69% | -3.02% | -2.92% | 1.41% | -2.10% | 2.45% | -2.23% | -3.65% | -1.00% | 4.71% | -0.30% | -9.94% |
2021 | 0.79% | -1.51% | 0.70% | 0.94% | 0.45% | 0.48% | 0.66% | -0.44% | -0.79% | -0.27% | 0.87% | 0.14% | 1.99% |
2020 | 1.76% | 1.38% | -4.32% | -1.95% | 2.94% | 1.17% | 1.36% | -0.38% | -0.19% | -0.20% | 1.62% | 0.88% | 3.95% |
2019 | 0.74% | 0.50% | 1.48% | 0.33% | 1.40% | 0.28% | 0.79% | 1.76% | -0.82% | -0.10% | 0.15% | 0.30% | 7.00% |
2018 | -0.87% | -0.59% | 0.18% | -0.49% | 1.23% | 0.17% | 0.12% | 0.11% | -0.80% | -0.63% | 0.60% | 1.10% | 0.10% |
2017 | 0.62% | 0.65% | 0.33% | 0.65% | 1.57% | -0.15% | 0.59% | 0.72% | -0.37% | 0.12% | -0.64% | 0.98% | 5.16% |
2016 | 1.05% | 0.01% | 0.54% | 0.85% | 0.34% | 1.69% | -0.28% | 0.20% | -0.47% | -1.13% | -3.74% | 1.02% | -0.04% |
2015 | 1.82% | -1.13% | 0.29% | -0.59% | -0.27% | -0.25% | 0.90% | 0.35% | 0.54% | 0.47% | 0.53% | 0.94% | 3.62% |
2014 | 1.81% | 1.19% | 0.11% | 1.33% | 1.46% | -0.11% | 0.09% | 1.24% | 0.07% | 0.69% | 0.05% | 0.71% | 8.98% |
2013 | 0.61% | 0.32% | -0.67% | 1.00% | -1.12% | -3.10% | -1.04% | -2.07% | 1.88% | 0.68% | -0.44% | -0.72% | -4.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DRNYX is 30, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
DRNYX (BNY Mellon New York Tax Exempt Bond Fund, Inc.)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) 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 York Tax Exempt Bond Fund, Inc. granted a 2.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.37 | $0.36 | $0.40 | $0.39 | $0.42 | $0.44 | $0.44 | $0.46 | $0.49 | $0.52 | $0.55 |
Dividend yield | 2.87% | 2.72% | 2.74% | 2.64% | 2.58% | 2.80% | 3.05% | 2.98% | 3.18% | 3.26% | 3.48% | 3.85% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon New York Tax Exempt Bond Fund, Inc.. 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.14 | |||||||
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 | $0.37 |
2022 | $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 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
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 | $0.39 |
2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.42 |
2018 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.44 |
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 | $0.46 |
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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.52 |
2013 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
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 New York Tax Exempt Bond Fund, Inc.. 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 York Tax Exempt Bond Fund, Inc. was 14.64%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current BNY Mellon New York Tax Exempt Bond Fund, Inc. drawdown is 4.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-14.64% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
-14.1% | Mar 6, 1987 | 160 | Oct 15, 1987 | 235 | Sep 8, 1988 | 395 |
-12.17% | Feb 1, 1994 | 210 | Nov 21, 1994 | 126 | May 16, 1995 | 336 |
-12.06% | Jan 24, 2008 | 185 | Oct 16, 2008 | 128 | Apr 22, 2009 | 313 |
-11.19% | Mar 10, 2020 | 9 | Mar 20, 2020 | 184 | Dec 10, 2020 | 193 |
Volatility
Volatility Chart
The current BNY Mellon New York Tax Exempt Bond Fund, Inc. volatility is 0.69%, 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.