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BNY Mellon New York Tax Exempt Bond (DRNYX)

13.41 +0.01 (+0.07%)
At close: 8:01 PM EDT

Fund Summary

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York state and New York city income taxes. It may invest up to 20% of its assets in municipal bonds rated, at the time of purchase, below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the advisor. The fund is non-diversified.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 13.52%
Worst 1Y Total Return --
Number of Years Up 33
Number of Years Down 7

Performance & Risk

YTD Return -1.00%
5y Average Return 0.81%
Rank in Category (ytd) 18
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.96
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
DRNYXCategory AverageDRNYXCategory AverageDRNYXCategory Average
Alpha -0.54 -0.01 -0.51 -0.01 -0.4 -0.01
BETA 0.96 0.01 0.99 0.01 0.99 0.01
Mean Annual Return -0.05 0 0.11 0 0.2 0
R-squared 98.42 0.94 98 0.94 97.9 0.94
Standard Deviation 7.22 0.04 6.44 0.04 5.03 0.04
Sharpe Ratio -0.49 0.01 -0.13 0 0.17 0.01
Treynor Ratio -3.94 0.03 -1.09 0.01 0.77 0.03

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