Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
2.3%
1 yr return
3.7%
3 Yr Avg Return
1.3%
5 Yr Avg Return
1.0%
Net Assets
$145 M
Holdings in Top 10
23.2%
Expense Ratio 0.26%
Front Load N/A
Deferred Load N/A
Turnover 54.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The NY Municipal Bond Portfolio seeks its investment objective by investing primarily in a universe of municipal securities issued by or on behalf of New York state or local governments and their agencies, instrumentalities and regional governmental authorities. The Portfolio may also invest a portion of its assets in municipal securities issued by U.S. territories that are exempt from state taxation under federal law. Municipal securities in which the Portfolio may invest include, among others, revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations and other instruments (including participation interests in such securities). The Portfolio intends to invest in municipal securities that, in the opinion of bond counsel for the issuers and under current tax law, provide interest that is exempt from New York state and federal personal income taxes. As a fundamental investment policy, under normal market conditions, the Portfolio will invest at least 80% of its net assets in municipal securities that pay interest exempt from New York state and federal personal income taxes. The Portfolio does not currently intend to invest its assets in municipal securities whose interest is subject to the federal alternative minimum tax.
Generally, the NY Municipal Bond Portfolio will maintain a maximum weighted average duration of five years. The Portfolio intends to maintain a dollar-weighted average credit quality equal to or better than the lower of: (i) a credit quality rating of AA by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or Aa2 by Moody’s Investor’s Service, Inc. (“Moody’s”) or (ii) the credit quality of general obligation bonds issued by the state of New York. For purposes of the above policy on dollar-weighted average credit quality, unrated securities may be included if such securities have been determined by the Advisor to be of comparable quality. If a security has been redeemed by the issuer at a date prior to the stated final maturity date for the purposes of the above duration restriction, the early redemption date shall be considered the maturity date regardless of the stated final maturity. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.
Municipal securities are often issued to obtain funds for various public purposes, including the construction of a wide range of public facilities, such as bridges, highways, housing, hospitals, mass transportation facilities, schools, streets and public utilities, such as water and sewer works. Municipal securities include municipal leases, certificates of participation, municipal obligation components and municipal custody receipts. The NY Municipal Bond Portfolio may invest more than 25% of its assets in municipal securities issued to finance projects in a particular segment of the bond market including, but not limited to, health care, housing, education, utilities, and transportation. The Portfolio also may invest more than 25% of its assets in industrial development bonds.
The NY Municipal Bond Portfolio may (1) purchase certain municipal securities that are insured, (2) invest in municipal securities secured by mortgages on single-family homes and multi-family projects, (3) invest in pre-refunded municipal securities, (4) purchase tax-exempt municipal securities on a “when-issued” basis and (5) use derivatives, such as fixed income related futures and options contracts, credit default swaps and interest rate swaps, to hedge against changes in interest rates. The Portfolio may also invest in exchange-traded funds (ETFs) to gain exposure to the municipal bond market pending investment in municipal bonds. The Portfolio may also invest in money market funds. The Portfolio also may purchase or sell futures contracts and options on futures contracts, to hedge its interest rate exposure or for non-hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio.
Although the NY Municipal Bond Portfolio attempts to invest all of its assets in tax-exempt securities, it is possible, although not anticipated, that a portion of its assets may be invested in securities that pay taxable interest, including interest that may be subject to the federal alternative minimum tax. These investments could generate taxable income for shareholders.
The NY Municipal Bond Portfolio is primarily designed for investment by New York tax payers.
The NY Municipal Bond Portfolio is “non-diversified,” which means that the Portfolio may invest its assets in a smaller number of issuers than a diversified fund.
Period | DNYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -2.6% | 25.9% | 68.28% |
1 Yr | 3.7% | 2.2% | 35.0% | 99.00% |
3 Yr | 1.3%* | -10.0% | 3.3% | 5.74% |
5 Yr | 1.0%* | -6.9% | 1104.3% | 35.10% |
10 Yr | N/A* | -0.9% | 248.8% | N/A |
* Annualized
Period | DNYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -1.4% | 41.0% | 96.81% |
2022 | -1.9% | -39.7% | 0.3% | 2.50% |
2021 | -0.7% | -5.6% | 6.9% | 59.44% |
2020 | 0.2% | -2.6% | 310.0% | 94.51% |
2019 | 1.1% | 0.0% | 26.0% | 96.29% |
Period | DNYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -2.6% | 25.9% | 68.28% |
1 Yr | 3.7% | 2.2% | 35.0% | 99.00% |
3 Yr | 1.3%* | -10.0% | 3.3% | 5.74% |
5 Yr | 1.0%* | -6.9% | 1104.3% | 35.10% |
10 Yr | N/A* | -0.9% | 248.8% | N/A |
* Annualized
Period | DNYMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -1.3% | 41.0% | 98.14% |
2022 | -1.2% | -39.7% | 1.1% | 2.77% |
2021 | -0.1% | -4.8% | 23761504.0% | 90.01% |
2020 | 0.8% | -1.5% | 17057.9% | 96.53% |
2019 | 2.4% | 0.2% | 3514.6% | 96.86% |
DNYMX | Category Low | Category High | DNYMX % Rank | |
---|---|---|---|---|
Net Assets | 145 M | 3.22 M | 71.9 B | 79.35% |
Number of Holdings | 127 | 4 | 13418 | 76.44% |
Net Assets in Top 10 | 33.7 M | -317 M | 3.45 B | 74.92% |
Weighting of Top 10 | 23.20% | 1.9% | 100.1% | 26.69% |
Weighting | Return Low | Return High | DNYMX % Rank | |
---|---|---|---|---|
Bonds | 98.41% | 0.00% | 150.86% | 63.59% |
Stocks | 2.00% | 0.00% | 99.89% | 3.58% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 51.29% |
Other | 0.00% | -3.72% | 51.88% | 52.95% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 51.03% |
Cash | 0.00% | -50.86% | 43.45% | 91.44% |
Weighting | Return Low | Return High | DNYMX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 100.00% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Weighting | Return Low | Return High | DNYMX % Rank | |
---|---|---|---|---|
US | 2.00% | 0.00% | 99.89% | 3.58% |
Non US | 0.00% | -0.03% | 9.76% | 50.83% |
Weighting | Return Low | Return High | DNYMX % Rank | |
---|---|---|---|---|
Municipal | 89.79% | 44.39% | 100.00% | 94.80% |
Derivative | 0.00% | -3.72% | 51.88% | 51.03% |
Cash & Equivalents | 0.00% | 0.00% | 43.45% | 78.57% |
Securitized | 0.00% | 0.00% | 5.93% | 51.90% |
Corporate | 0.00% | 0.00% | 9.41% | 59.89% |
Government | 0.00% | 0.00% | 52.02% | 54.90% |
Weighting | Return Low | Return High | DNYMX % Rank | |
---|---|---|---|---|
US | 98.41% | 0.00% | 142.23% | 61.25% |
Non US | 0.00% | 0.00% | 23.89% | 53.28% |
DNYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.26% | 0.01% | 8.02% | 95.68% |
Management Fee | 0.20% | 0.00% | 1.20% | 5.50% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | 1.09% |
DNYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
DNYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DNYMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 54.00% | 0.00% | 283.00% | 94.22% |
DNYMX | Category Low | Category High | DNYMX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.73% | 0.00% | 14.51% | 79.97% |
DNYMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
DNYMX | Category Low | Category High | DNYMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.79% | -0.53% | 5.33% | 91.87% |
DNYMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.023 | OrdinaryDividend |
Aug 29, 2024 | $0.023 | OrdinaryDividend |
Jul 30, 2024 | $0.024 | OrdinaryDividend |
Apr 29, 2024 | $0.024 | OrdinaryDividend |
Mar 27, 2024 | $0.023 | OrdinaryDividend |
Feb 28, 2024 | $0.018 | OrdinaryDividend |
Jan 30, 2024 | $0.014 | OrdinaryDividend |
Dec 11, 2023 | $0.026 | OrdinaryDividend |
Nov 29, 2023 | $0.019 | OrdinaryDividend |
Oct 30, 2023 | $0.020 | OrdinaryDividend |
Sep 28, 2023 | $0.017 | OrdinaryDividend |
Aug 30, 2023 | $0.018 | OrdinaryDividend |
Jul 28, 2023 | $0.015 | OrdinaryDividend |
Jun 29, 2023 | $0.015 | OrdinaryDividend |
May 30, 2023 | $0.015 | OrdinaryDividend |
Apr 27, 2023 | $0.012 | OrdinaryDividend |
Mar 30, 2023 | $0.017 | OrdinaryDividend |
Feb 27, 2023 | $0.008 | OrdinaryDividend |
Jan 30, 2023 | $0.012 | OrdinaryDividend |
Dec 12, 2022 | $0.010 | OrdinaryDividend |
Nov 29, 2022 | $0.009 | OrdinaryDividend |
Oct 28, 2022 | $0.009 | OrdinaryDividend |
Sep 29, 2022 | $0.008 | OrdinaryDividend |
Aug 30, 2022 | $0.007 | OrdinaryDividend |
Jul 28, 2022 | $0.006 | OrdinaryDividend |
Jun 29, 2022 | $0.005 | OrdinaryDividend |
May 27, 2022 | $0.004 | OrdinaryDividend |
Apr 28, 2022 | $0.003 | OrdinaryDividend |
Mar 30, 2022 | $0.006 | OrdinaryDividend |
Feb 25, 2022 | $0.002 | OrdinaryDividend |
Jan 28, 2022 | $0.002 | OrdinaryDividend |
Dec 13, 2021 | $0.004 | OrdinaryDividend |
Nov 29, 2021 | $0.003 | OrdinaryDividend |
Oct 28, 2021 | $0.003 | OrdinaryDividend |
Sep 29, 2021 | $0.003 | OrdinaryDividend |
Aug 30, 2021 | $0.004 | OrdinaryDividend |
Jul 29, 2021 | $0.005 | OrdinaryDividend |
Jun 29, 2021 | $0.005 | OrdinaryDividend |
May 27, 2021 | $0.005 | OrdinaryDividend |
Apr 29, 2021 | $0.005 | OrdinaryDividend |
Mar 30, 2021 | $0.009 | OrdinaryDividend |
Feb 25, 2021 | $0.006 | OrdinaryDividend |
Jan 28, 2021 | $0.008 | OrdinaryDividend |
Dec 14, 2020 | $0.008 | OrdinaryDividend |
Nov 27, 2020 | $0.009 | OrdinaryDividend |
Oct 29, 2020 | $0.007 | OrdinaryDividend |
Sep 29, 2020 | $0.006 | OrdinaryDividend |
Jul 30, 2020 | $0.007 | OrdinaryDividend |
May 28, 2020 | $0.010 | OrdinaryDividend |
Apr 29, 2020 | $0.010 | OrdinaryDividend |
Feb 27, 2020 | $0.010 | OrdinaryDividend |
Dec 16, 2019 | $0.010 | OrdinaryDividend |
Nov 27, 2019 | $0.010 | OrdinaryDividend |
Oct 30, 2019 | $0.014 | OrdinaryDividend |
Sep 27, 2019 | $0.008 | OrdinaryDividend |
Aug 29, 2019 | $0.010 | OrdinaryDividend |
Jul 30, 2019 | $0.013 | OrdinaryDividend |
Jun 27, 2019 | $0.010 | OrdinaryDividend |
May 30, 2019 | $0.011 | OrdinaryDividend |
Apr 29, 2019 | $0.013 | OrdinaryDividend |
Mar 28, 2019 | $0.011 | OrdinaryDividend |
Feb 27, 2019 | $0.010 | OrdinaryDividend |
Jan 30, 2019 | $0.014 | OrdinaryDividend |
Dec 17, 2018 | $0.011 | OrdinaryDividend |
Nov 29, 2018 | $0.007 | OrdinaryDividend |
Oct 30, 2018 | $0.012 | OrdinaryDividend |
Sep 27, 2018 | $0.009 | OrdinaryDividend |
Aug 30, 2018 | $0.010 | OrdinaryDividend |
Jul 30, 2018 | $0.011 | OrdinaryDividend |
Jun 28, 2018 | $0.010 | OrdinaryDividend |
May 30, 2018 | $0.011 | OrdinaryDividend |
Apr 27, 2018 | $0.009 | OrdinaryDividend |
Mar 28, 2018 | $0.013 | OrdinaryDividend |
Feb 27, 2018 | $0.007 | OrdinaryDividend |
Jan 30, 2018 | $0.012 | OrdinaryDividend |
Dec 14, 2017 | $0.008 | OrdinaryDividend |
Nov 29, 2017 | $0.007 | OrdinaryDividend |
Oct 30, 2017 | $0.010 | OrdinaryDividend |
Sep 28, 2017 | $0.006 | OrdinaryDividend |
Aug 30, 2017 | $0.010 | OrdinaryDividend |
Jul 28, 2017 | $0.009 | OrdinaryDividend |
Jun 29, 2017 | $0.009 | OrdinaryDividend |
May 30, 2017 | $0.010 | OrdinaryDividend |
Apr 27, 2017 | $0.008 | OrdinaryDividend |
Mar 30, 2017 | $0.012 | OrdinaryDividend |
Feb 27, 2017 | $0.007 | OrdinaryDividend |
Jan 30, 2017 | $0.010 | OrdinaryDividend |
Dec 14, 2016 | $0.007 | OrdinaryDividend |
Nov 29, 2016 | $0.008 | OrdinaryDividend |
Oct 28, 2016 | $0.009 | OrdinaryDividend |
Sep 29, 2016 | $0.006 | OrdinaryDividend |
Aug 30, 2016 | $0.008 | OrdinaryDividend |
Jul 28, 2016 | $0.009 | OrdinaryDividend |
Jun 29, 2016 | $0.008 | OrdinaryDividend |
May 27, 2016 | $0.009 | OrdinaryDividend |
Apr 28, 2016 | $0.008 | OrdinaryDividend |
Mar 30, 2016 | $0.012 | OrdinaryDividend |
Feb 26, 2016 | $0.008 | OrdinaryDividend |
Jan 28, 2016 | $0.017 | OrdinaryDividend |
Dec 15, 2015 | $0.008 | OrdinaryDividend |
Nov 27, 2015 | $0.019 | OrdinaryDividend |
Oct 08, 2015 | $0.012 | OrdinaryDividend |
Sep 09, 2015 | $0.011 | OrdinaryDividend |
Aug 10, 2015 | $0.010 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.
Start Date
Tenure
Tenure Rank
Jun 16, 2015
6.96
7.0%
David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.
Start Date
Tenure
Tenure Rank
Feb 28, 2016
6.26
6.3%
Mr. Meldau is a Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Meldau holds an MBA from Wake Forest University, and a BSBA from Appalachian State University. Mr. Meldau joined Dimensional in 2011, has been a portfolio manager since 2011.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...