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.
Fund Family BNY Mellon
Category Muni New York Intermediate
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol DNYAX
Share Class Class Z
Index Bloomberg Municipal Bond TR
DNYAX had a total return of 5.82% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.44%.
