About PSNYX
The BNY Mellon New York AMT-Free Municipal Bond Fund Class A is a mutual fund designed to provide investors with current income that is exempt from federal, New York State, and New York City income taxes. The fund primarily invests in a diversified portfolio of municipal bonds issued by New York State and its municipalities, focusing on maintaining the preservation of capital while generating tax-advantaged income. A significant portion of assets is allocated to investment-grade securities, with at least 70% of holdings rated Baa/BBB or higher at the time of purchase.
With origins dating back to 1986, the fund is notable for its specialized approach tailored to residents and taxpayers of New York, as the income generated typically avoids both federal and local taxation. The fund holds a broad range of municipal debt securities, including bonds from transportation, utilities, and development authorities, reflecting the diverse infrastructure funding needs across New York. Given its tax-exempt status and focus on capital preservation, the BNY Mellon New York AMT-Free Municipal Bond Fund Class A plays a key role for investors seeking stable, tax-efficient fixed income within the municipal bond segment of the market.
Fund Family BNY Mellon
Category Muni New York Intermediate
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PSNYX
Share Class Class A
Index Bloomberg Municipal Bond TR
PSNYX had a total return of 5.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.86%.
