DNYAX (DNYAX)
| Fund Assets | 853.35M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 16.68% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 3.03% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.64 |
| YTD Return | 1.09% |
| 1-Year Return | 4.06% |
| 5-Year Return | n/a |
| 52-Week Low | 12.57 |
| 52-Week High | 13.65 |
| Beta (5Y) | n/a |
| Holdings | 224 |
| Inception Date | May 17, 2024 |
About DNYAX
BNY Mellon New York AMT-Free Municipal Bond Fund Class Z is an actively managed municipal bond fund focused on generating tax-exempt income for New York residents. Its primary objective is to maximize current income that is exempt from federal, New York State, and New York City income taxes, while also avoiding exposure to the federal alternative minimum tax. The portfolio invests predominantly in New York municipal securities, emphasizing issuers that finance essential public projects such as transportation, education, healthcare, and utilities, and typically maintains intermediate interest-rate exposure. The fund targets a balance between income generation and capital preservation, using diversified holdings across revenue and general obligation bonds to manage credit and duration risk. With a monthly distribution schedule, it serves investors seeking state- and city-specific tax efficiency and exposure to the New York municipal market’s deep issuer base. Launched in 2024 under the BNY Mellon fixed income platform, the strategy aligns with the Muni New York Intermediate category and is designed to provide consistent, tax-advantaged cash flows supported by a research-driven approach to credit selection and risk control.
Performance
DNYAX had a total return of 4.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.32%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FEMIX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class I | 0.52% |
| FNMAX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class A | 0.75% |
| FTFMX | Fidelity | Fidelity New York Municipal Income Fund | 0.44% |
| FNYPX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class M | 0.71% |
| FNYCX | Fidelity | Fidelity Advisor New York Municipal Income Fund - Class C | 1.45% |
Top 10 Holdings
17.87% of assets| Name | Symbol | Weight |
|---|---|---|
| Utility Debt Securitization Authority | NY.UTLUTL 5 12.15.2035 | 2.33% |
| TSASC INC NY - TSASC Inc/NY | NY.TSA 5 06.01.2041 | 2.04% |
| NEW YORK ST DORM AUTH REVENUES - New York State Dormitory Authority | NY.NYSHGR 0 07.01.2028 | 2.02% |
| PORT AUTH OF NEW YORK & NEW JE - Port Authority of New York & New Jersey | n/a | 2.02% |
| NEW YORK ENERGY FIN DEV CORP - New York Energy Finance Development Corp | NY.NYEFAC 07.01.2056 | 1.98% |
| NEW YORK ST ENVRNMNTL FACS COR - New York State Environmental Facilities Corp | NY.NYSWTR 5 06.15.2041 | 1.79% |
| NEW YORK ST TRANSPRTN DEV CORP - New York Transportation Development Corp | NY.NYTTRN 5 07.01.2046 | 1.51% |
| WESTCHESTER NY TOBACCO ASSET S - Westchester Tobacco Asset Securitization Corp | n/a | 1.43% |
| NEW YORK ST LIBERTY DEV CORP L - New York Liberty Development Corp | NY.NYCDEV 5 11.15.2044 | 1.38% |
| NEW YORK ST DORM AUTH REVENUES - New York State Dormitory Authority | n/a | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03749 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03786 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03287 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03728 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03242 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03637 | Aug 29, 2025 |