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 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.4%
1 yr return
13.3%
3 Yr Avg Return
0.5%
5 Yr Avg Return
1.7%
Net Assets
$1.96 B
Holdings in Top 10
6.7%
Expense Ratio 0.75%
Front Load N/A
Deferred Load N/A
Turnover 52.25%
Redemption Fee N/A
Standard (Taxable)
$10,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar-denominated fixed-income securities that provide income exempt from federal personal income tax (municipal bonds). Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities. While the fund typically invests in a diversified portfolio of municipal bonds, it may invest up to 20% of its net assets in taxable fixed-income securities, including taxable municipal bonds and non-U.S. dollar-denominated foreign debt securities such as Brady bonds and sovereign debt obligations.
The fund invests at least 50% of its net assets in fixed-income securities that are rated investment grade (i.e., Baa/BBB or higher) or are the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). For additional yield, the fund may invest up to 50% of its net assets in fixed-income securities that are rated below investment grade ("high yield" or "junk" bonds) or are the unrated equivalent as determined by BNYM Investment Adviser. The fund may invest in bonds of any maturity or duration and does not expect to target any specific range of maturity or duration. The dollar-weighted average maturity of the fund's portfolio will vary from time to time depending on the portfolio manager's views on the direction of interest rates. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the securities held by the fund, based on their dollar-weighted proportions in the fund. 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's portfolio manager seeks to deliver value added excess returns ("alpha") by applying an investment approach designed to identify and exploit relative value opportunities within the municipal bond market and other fixed-income markets.
The fund typically sells a security when the fund's portfolio manager believes that there has been a negative change in the credit quality of the issuer or has identified a more attractive opportunity or when the portfolio manager seeks to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.
The fund may use derivatives as a substitute for investing directly in an underlying asset, to increase returns, to manage duration, interest rate or foreign currency risk, or as part of a hedging strategy. The derivative instruments in which the fund may invest include typically futures (including those relating to securities, indices, foreign currencies and interest rates). The fund also may purchase or sell securities on a forward commitment, when-issued or delayed-delivery basis, which means delivery and payment take place at a future date at a predetermined price and/or yield.
Period | MOTMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -1.5% | 25.1% | 7.50% |
1 Yr | 13.3% | 2.6% | 38.2% | 15.93% |
3 Yr | 0.5%* | -9.7% | 3.5% | 18.10% |
5 Yr | 1.7%* | -6.6% | 1104.9% | 6.92% |
10 Yr | 2.8%* | -0.8% | 248.9% | 7.80% |
* Annualized
Period | MOTMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -1.4% | 41.0% | 9.31% |
2022 | -14.1% | -39.7% | 0.3% | 81.98% |
2021 | 0.8% | -5.6% | 6.9% | 10.67% |
2020 | 1.9% | -2.6% | 310.0% | 41.04% |
2019 | 4.5% | 0.0% | 26.0% | 25.55% |
Period | MOTMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -1.5% | 25.1% | 7.50% |
1 Yr | 13.3% | 2.6% | 38.2% | 15.93% |
3 Yr | 0.5%* | -9.7% | 3.5% | 18.10% |
5 Yr | 1.7%* | -6.6% | 1104.9% | 6.92% |
10 Yr | 2.8%* | -0.8% | 248.9% | 7.80% |
* Annualized
Period | MOTMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.1% | -1.3% | 41.0% | 5.32% |
2022 | -10.1% | -39.7% | 1.1% | 60.39% |
2021 | 3.7% | -4.8% | 23761504.0% | 8.29% |
2020 | 4.9% | -1.5% | 17057.9% | 17.08% |
2019 | 6.5% | 0.2% | 3514.6% | 50.68% |
MOTMX | Category Low | Category High | MOTMX % Rank | |
---|---|---|---|---|
Net Assets | 1.96 B | 3.22 M | 71.9 B | 17.86% |
Number of Holdings | 708 | 4 | 13418 | 16.39% |
Net Assets in Top 10 | 131 M | -317 M | 3.45 B | 34.31% |
Weighting of Top 10 | 6.68% | 1.9% | 100.1% | 93.03% |
Weighting | Return Low | Return High | MOTMX % Rank | |
---|---|---|---|---|
Bonds | 98.29% | 0.00% | 150.86% | 65.78% |
Cash | 5.44% | -50.86% | 43.45% | 6.70% |
Stocks | 0.00% | 0.00% | 99.89% | 36.01% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 24.82% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 24.05% |
Other | -3.72% | -3.72% | 51.88% | 99.93% |
Weighting | Return Low | Return High | MOTMX % Rank | |
---|---|---|---|---|
Municipal | 98.90% | 44.39% | 100.00% | 41.57% |
Cash & Equivalents | 2.53% | 0.00% | 43.45% | 13.47% |
Corporate | 0.95% | 0.00% | 9.41% | 3.20% |
Securitized | 0.00% | 0.00% | 5.93% | 25.45% |
Government | 0.00% | 0.00% | 52.02% | 30.25% |
Derivative | -3.72% | -3.72% | 51.88% | 99.93% |
Weighting | Return Low | Return High | MOTMX % Rank | |
---|---|---|---|---|
US | 98.29% | 0.00% | 142.23% | 63.30% |
Non US | 0.00% | 0.00% | 23.89% | 26.94% |
MOTMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.01% | 8.02% | 48.01% |
Management Fee | 0.50% | 0.00% | 1.20% | 81.90% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 56.12% |
MOTMX 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 |
MOTMX 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.
MOTMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.25% | 0.00% | 283.00% | 92.91% |
MOTMX | Category Low | Category High | MOTMX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.03% | 0.00% | 14.51% | 17.24% |
MOTMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
MOTMX | Category Low | Category High | MOTMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.61% | -0.53% | 5.33% | 14.84% |
MOTMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.032 | OrdinaryDividend |
Aug 30, 2024 | $0.039 | OrdinaryDividend |
Jul 31, 2024 | $0.036 | OrdinaryDividend |
Apr 30, 2024 | $0.035 | OrdinaryDividend |
Mar 28, 2024 | $0.036 | OrdinaryDividend |
Feb 29, 2024 | $0.034 | OrdinaryDividend |
Jan 31, 2024 | $0.037 | OrdinaryDividend |
Dec 29, 2023 | $0.037 | OrdinaryDividend |
Nov 30, 2023 | $0.034 | OrdinaryDividend |
Oct 31, 2023 | $0.037 | OrdinaryDividend |
Sep 29, 2023 | $0.033 | OrdinaryDividend |
Aug 31, 2023 | $0.035 | OrdinaryDividend |
Jul 31, 2023 | $0.035 | OrdinaryDividend |
Jun 30, 2023 | $0.033 | OrdinaryDividend |
May 31, 2023 | $0.037 | OrdinaryDividend |
Apr 28, 2023 | $0.032 | OrdinaryDividend |
Mar 31, 2023 | $0.035 | OrdinaryDividend |
Feb 28, 2023 | $0.032 | OrdinaryDividend |
Jan 31, 2023 | $0.037 | OrdinaryDividend |
Dec 30, 2022 | $0.034 | OrdinaryDividend |
Dec 23, 2022 | $0.057 | CapitalGainShortTerm |
Dec 23, 2022 | $0.093 | CapitalGainLongTerm |
Nov 30, 2022 | $0.034 | OrdinaryDividend |
Oct 31, 2022 | $0.034 | OrdinaryDividend |
Sep 30, 2022 | $0.032 | OrdinaryDividend |
Aug 31, 2022 | $0.035 | OrdinaryDividend |
Jul 29, 2022 | $0.030 | OrdinaryDividend |
Jun 30, 2022 | $0.031 | OrdinaryDividend |
May 31, 2022 | $0.033 | OrdinaryDividend |
Apr 29, 2022 | $0.029 | OrdinaryDividend |
Mar 31, 2022 | $0.029 | OrdinaryDividend |
Feb 28, 2022 | $0.025 | OrdinaryDividend |
Jan 31, 2022 | $0.028 | OrdinaryDividend |
Dec 31, 2021 | $0.030 | OrdinaryDividend |
Dec 23, 2021 | $0.010 | CapitalGainShortTerm |
Dec 23, 2021 | $0.009 | CapitalGainLongTerm |
Nov 30, 2021 | $0.030 | OrdinaryDividend |
Oct 29, 2021 | $0.027 | OrdinaryDividend |
Sep 30, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.030 | OrdinaryDividend |
Jul 30, 2021 | $0.028 | OrdinaryDividend |
Jun 30, 2021 | $0.032 | OrdinaryDividend |
May 28, 2021 | $0.028 | OrdinaryDividend |
Apr 30, 2021 | $0.030 | OrdinaryDividend |
Mar 31, 2021 | $0.033 | OrdinaryDividend |
Feb 26, 2021 | $0.028 | OrdinaryDividend |
Jan 29, 2021 | $0.029 | OrdinaryDividend |
Dec 31, 2020 | $0.031 | OrdinaryDividend |
Nov 30, 2020 | $0.031 | OrdinaryDividend |
Oct 30, 2020 | $0.031 | OrdinaryDividend |
Sep 30, 2020 | $0.031 | OrdinaryDividend |
Aug 31, 2020 | $0.033 | OrdinaryDividend |
Jul 31, 2020 | $0.033 | OrdinaryDividend |
Jun 30, 2020 | $0.034 | OrdinaryDividend |
May 29, 2020 | $0.031 | OrdinaryDividend |
Apr 30, 2020 | $0.032 | OrdinaryDividend |
Mar 31, 2020 | $0.036 | OrdinaryDividend |
Feb 28, 2020 | $0.032 | OrdinaryDividend |
Jan 31, 2020 | $0.035 | OrdinaryDividend |
Dec 31, 2019 | $0.001 | OrdinaryDividend |
Nov 29, 2019 | $0.001 | OrdinaryDividend |
Oct 31, 2019 | $0.001 | OrdinaryDividend |
Sep 30, 2019 | $0.001 | OrdinaryDividend |
Aug 30, 2019 | $0.001 | OrdinaryDividend |
Jul 31, 2019 | $0.001 | OrdinaryDividend |
Dec 28, 2017 | $0.005 | CapitalGainShortTerm |
Dec 29, 2016 | $0.003 | CapitalGainShortTerm |
Dec 19, 2013 | $0.002 | CapitalGainShortTerm |
Dec 19, 2013 | $0.265 | CapitalGainLongTerm |
Dec 13, 2012 | $0.091 | CapitalGainShortTerm |
Dec 13, 2012 | $0.031 | CapitalGainLongTerm |
Dec 10, 2009 | $0.365 | CapitalGainShortTerm |
Dec 10, 2009 | $0.007 | CapitalGainLongTerm |
Dec 11, 2008 | $0.007 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Oct 15, 2008
13.63
13.6%
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.
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...