BNY Mellon AMT-Free Municipal Bond Fund - Class Z (DRMBX)

Fund Assets	1.68B
Expense Ratio	0.526%
Min. Investment	$1,000
Turnover	19.60%
Dividend (ttm)	0.47
Dividend Yield	3.67%
Dividend Growth	9.89%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	12.63
YTD Return	-2.18%
1-Year Return	-1.17%
5-Year Return	0.79%
52-Week Low	12.45
52-Week High	13.54
Beta (5Y)	0.05
Holdings	585
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.

• Fund Family: BNY Mellon
• Category: Muni National Interm
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: DRMBX
• Share Class: Class Z
• Index: Bloomberg Municipal Bond TR

Performance

DRMBX had a total return of -1.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.25%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FLUVX	Fidelity	Fidelity Advisor Municipal Income M	0.73%
FKISX	Fidelity	Fidelity Advisor Municipal Income C	1.44%
FROGX	Fidelity	Fidelity Advisor Municipal Income I	0.49%
FUENX	Fidelity	Fidelity Flex Municipal Income Fund	n/a
FHIGX	Fidelity	Fidelity Municipal Income Fund	0.43%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
DMUYX	Class Y	0.41%
DMBIX	Class I Shares	0.44%
DMUAX	Class A	0.69%
DMUCX	Class C	1.46%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03928	Sep 30, 2026
Aug 31, 2026	$0.03721	Aug 31, 2026
Jul 31, 2026	$0.04335	Jul 31, 2026
Jun 30, 2026	$0.0388	Jun 30, 2026
May 29, 2026	$0.04021	May 29, 2026
Apr 30, 2026	$0.03824	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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