BNY Mellon AMT-Free Municipal Bond Fund - Class Z (DRMBX)
| Fund Assets | 1.82B |
| Expense Ratio | 0.54% |
| Min. Investment | $1,000 |
| Turnover | 19.60% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.24% |
| Dividend Growth | 8.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 13.33 |
| YTD Return | 2.93% |
| 1-Year Return | 3.50% |
| 5-Year Return | 3.47% |
| 52-Week Low | 12.36 |
| 52-Week High | 13.38 |
| Beta (5Y) | n/a |
| Holdings | 596 |
| Inception Date | May 6, 1994 |
About DRMBX
BNY Mellon AMT-Free Municipal Bond Fund - Class Z is a mutual fund specializing in municipal bonds, with a primary objective of generating high current income that is exempt from federal income tax and the federal alternative minimum tax. The fund predominantly invests at least 80% of its assets in municipal securities issued by U.S. states and local governments, allocating a minimum of 65% to bonds rated A or higher at purchase, while allowing up to 35% in lower-rated or unrated bonds. This structure gives the fund exposure to a broad spectrum of credit qualities within the municipal market. Its diverse holdings span hundreds of individual bonds across key sectors such as public utilities and infrastructure, reflecting robust diversification. The fund seeks to preserve capital for investors while providing steady, tax-advantaged income, making it significant for investors seeking tax efficiency and income stability. BNY Mellon AMT-Free Municipal Bond Fund - Class Z is particularly notable within the municipal bond space for its institutional share class features, including a competitive expense ratio and monthly income distributions to its shareholders.
Performance
DRMBX had a total return of 3.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.76%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
9.41% of assets| Name | Symbol | Weight |
|---|---|---|
| PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV 5.25% | PA.PASTRN 5.25 12.01.2048 | 1.26% |
| JEFFERSON CNTY ALA SWR REV 5.5% | AL.JEFUTL 5.5 10.01.2053 | 1.24% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5% | TX.TMGUTL 01.01.2054 | 1.10% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25% | KY.KYSPWR 04.01.2054 | 0.98% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4% | GA.MAIUTL 03.01.2050 | 0.96% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2055 | 0.94% |
| MASSACHUSETTS ST DEV FIN AGY REV 5.5% | MA.MASDEV 5.5 07.01.2055 | 0.80% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 4% | OH.BUCGEN 4 06.01.2048 | 0.78% |
| PORT PORTLAND ORE ARPT REV 5.5% | OR.PTPAPT 5.5 07.01.2053 | 0.70% |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 5.5% | WV.WVSMED 5.5 06.01.2050 | 0.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.03496 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04109 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03643 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03971 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03881 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03376 | Jun 30, 2025 |