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Trending ETFs

BNY Mellon New York Intermediate Tax-Exempt Bond Fund

mutual fund
MNYIX
Payout Change
Pending
Price as of:
$10.59 -0.04 -0.38%
primary theme
Municipal Bond
share class
MNYIX (Mutual Fund)

BNY Mellon New York Intermediate Tax-Exempt Bond Fund

Payout Change
Pending
Price as of:
$10.59 -0.04 -0.38%
primary theme
Municipal Bond
share class
MNYIX (Mutual Fund)

BNY Mellon New York Intermediate Tax-Exempt Bond Fund

Payout Change
Pending
Price as of:
$10.59 -0.04 -0.38%
primary theme
Municipal Bond
share class

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.59

$91.1 M

1.96%

$0.21

1.03%

Vitals

YTD Return

2.4%

1 yr return

9.7%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.7%

Net Assets

$91.1 M

Holdings in Top 10

19.9%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.18%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.59

$91.1 M

1.96%

$0.21

1.03%

MNYIX - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon New York Intermediate Tax-Exempt Bond Fund
  • Fund Family Name
    BNY Mellon Funds
  • Inception Date
    Sep 16, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Flahive

Fund Description

To pursue its goal, the fund normally 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 personal income taxes. These municipal bonds include those issued by New York state and New York city as well as those issued by territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities.

The fund's investments in municipal and taxable bonds must be rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Generally, the fund's average effective portfolio maturity will be between three and ten years. The fund may invest in individual municipal and taxable bonds of any maturity or duration. A bond's maturity is the length of time until the principal must be fully repaid with interest. Average effective portfolio maturity is an average of the maturities of bonds held by the fund directly and the bonds underlying derivative instruments entered into by the fund, if any, adjusted to reflect provisions or market conditions that may cause a bond's principal to be repaid earlier than at its stated maturity. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.

The fund typically sells a security when the fund's portfolio managers believe that there has been a negative change in the credit quality of the issuer or have identified a more attractive opportunity or when the portfolio managers seek to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.

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MNYIX - Performance

Return Ranking - Trailing

Period MNYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 26.5% 74.59%
1 Yr 9.7% 2.4% 37.3% 65.30%
3 Yr -0.1%* -9.9% 3.4% 51.59%
5 Yr 0.7%* -6.7% 1104.9% 61.33%
10 Yr 1.7%* -0.8% 248.9% 54.76%

* Annualized

Return Ranking - Calendar

Period MNYIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -1.4% 41.0% 27.08%
2022 -9.8% -39.7% 0.3% 34.35%
2021 -1.1% -5.6% 6.9% 77.38%
2020 0.7% -2.6% 310.0% 87.78%
2019 4.0% 0.0% 26.0% 39.61%

Total Return Ranking - Trailing

Period MNYIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -1.9% 26.5% 74.59%
1 Yr 9.7% 2.4% 37.3% 65.30%
3 Yr -0.1%* -9.9% 3.4% 51.59%
5 Yr 0.7%* -6.7% 1104.9% 61.33%
10 Yr 1.7%* -0.8% 248.9% 54.76%

* Annualized

Total Return Ranking - Calendar

Period MNYIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -1.3% 41.0% 48.44%
2022 -8.1% -39.7% 1.1% 36.23%
2021 1.6% -4.8% 23761504.0% 48.64%
2020 3.1% -1.5% 17057.9% 71.32%
2019 7.0% 0.2% 3514.6% 36.69%

NAV & Total Return History


MNYIX - Holdings

Concentration Analysis

MNYIX Category Low Category High MNYIX % Rank
Net Assets 91.1 M 3.22 M 71.9 B 87.72%
Number of Holdings 97 4 13418 85.67%
Net Assets in Top 10 18.5 M -317 M 3.45 B 88.59%
Weighting of Top 10 19.92% 1.9% 100.1% 39.51%

Top 10 Holdings

  1. UTILITY DEBT SECURITIZATION AUTHORITY 2.91%
  2. TRIBOROUGH BRIDGE TUNNEL AUTHORITY 2.51%
  3. NEW YORK LIBERTY DEVELOPMENT CORP 2.16%
  4. CITY OF NEW YORK NY 2.05%
  5. NEW YORK STATE DORMITORY AUTHORITY 1.82%
  6. CITY OF NEW YORK NY 1.81%
  7. WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP 1.77%
  8. UTILITY DEBT SECURITIZATION AUTHORITY 1.66%
  9. NEW YORK LIBERTY DEVELOPMENT CORP 1.63%
  10. KENTUCKY PUBLIC ENERGY AUTHORITY 1.61%

Asset Allocation

Weighting Return Low Return High MNYIX % Rank
Bonds
100.72% 0.00% 150.86% 13.13%
Stocks
0.00% 0.00% 99.89% 80.44%
Preferred Stocks
0.00% 0.00% 0.08% 77.57%
Other
0.00% -3.72% 51.88% 73.13%
Convertible Bonds
0.00% 0.00% 0.93% 77.15%
Cash
0.00% -50.86% 43.45% 96.42%

Bond Sector Breakdown

Weighting Return Low Return High MNYIX % Rank
Municipal
98.81% 44.39% 100.00% 42.77%
Derivative
0.00% -3.72% 51.88% 71.53%
Cash & Equivalents
0.00% 0.00% 43.45% 91.37%
Securitized
0.00% 0.00% 5.93% 77.22%
Corporate
0.00% 0.00% 9.41% 80.88%
Government
0.00% 0.00% 52.02% 78.55%

Bond Geographic Breakdown

Weighting Return Low Return High MNYIX % Rank
US
100.72% 0.00% 142.23% 12.67%
Non US
0.00% 0.00% 23.89% 79.43%

MNYIX - Expenses

Operational Fees

MNYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 8.02% 28.42%
Management Fee 0.50% 0.00% 1.20% 83.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 67.35%

Sales Fees

MNYIX 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

Trading Fees

MNYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

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.

MNYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.18% 0.00% 283.00% 95.88%

MNYIX - Distributions

Dividend Yield Analysis

MNYIX Category Low Category High MNYIX % Rank
Dividend Yield 1.96% 0.00% 14.51% 82.23%

Dividend Distribution Analysis

MNYIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MNYIX Category Low Category High MNYIX % Rank
Net Income Ratio 1.57% -0.53% 5.33% 68.57%

Capital Gain Distribution Analysis

MNYIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MNYIX - Fund Manager Analysis

Managers

John Flahive


Start Date

Tenure

Tenure Rank

Sep 01, 2008

13.75

13.8%

John F. Flahive, CFA, has been employed by Dreyfus since November 1994. He is a senior vice president of The Bank of New York Mellon, which he joined in October 1994.

Gregory Conant


Start Date

Tenure

Tenure Rank

Sep 15, 2015

6.71

6.7%

Gregory J. Conant, CFA, has been employed by Dreyfus since September 2015. He is a vice president of The Bank of New York Mellon, which he joined in June 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58