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    BNY Mellon New York AMT-Free Municipal Bond Fund

    Overview

    Why invest in this Fund?

    The fund seeks to maximize current income exempt from federal, New York state and New York city income taxes to the extent consistent with the preservation of capital. 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 income taxes and the federal alternative minimum tax.

    Min. Class Investment
    $0
    Class Inception Date
    05/17/24
    Fund Assets
    $865,277,219  As of  09/15/25
    Class Assets
    $626,660,917  As of  09/15/25
    Portfolio Turnover Rate
    19.61% As of fiscal year end  11/30/24
    Morningstar Category
    Municipal New York Intermediate
    Benchmark
    Bloomberg U.S. Municipal Bond Index
    Fund Holdings
    224 As of 08/31/25
    AVERAGE EFFECTIVE MATURITY
    17.88 yr(s).  As of  08/31/25
    AVERAGE EFFECTIVE DURATION
    7.53 yr(s).  As of 08/31/25
    Yield To Worst
    4.55% As of 08/31/25

    Yields and Expense Ratio

    SUBSIDIZED
    as of 09/15/25     		UNSUBSIDIZED
    as of 09/15/25     		ANNUALIZED DISTRIBUTION RATE
    as of 08/31/25     		TAXABLE EQUIVALENT DISTRIBUTION *
    as of
    08/31/25     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 03/31/25     		CONTRACTUAL
    FEE WAIVER END DATE
    30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * 30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * Net Gross
    3.71 7.68 3.71 7.68 3.27 6.77 0.60 0.60 -

    Yield fluctuates and past performance is no guarantee of future results.

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

    The taxable-equivalent yield is the return that a taxable bond fund needs to possess for its yield to equal the yield on a comparable tax-exempt bond fund, such as a municipal bond fund.

    Tax rates are subject to change; please consult with your financial or tax professional for information concerning your specific situation.

    * Based on maximum combined federal, state and Medicare tax of 51.70%. Other taxes not included.

    Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.

    Average Effective Maturity (AEM) - is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Yield To Worst - The holding-weighted average rate of return for a portfolio equal to the discount rate of interest and principal cash flows where the principal is returned at the earliest allowable date. If the earliest return of principal is at the stated maturity the Yield to Maturity % will be the same as the Yield to Worst %.

    Portfolio Managers

    • Thomas Casey

      Thomas Casey

      Senior Portfolio Manager, Insight North America LLC

      Managing Fund Since 2009

      Joined Firm in 1993

      Joined Industry in 1988
    • Daniel Rabasco

      Daniel Rabasco, CFA

      Head of Municipal Bonds, Insight North America LLC

      Managing Fund Since 2014

      Joined Firm in 1998

      Joined Industry in 1987
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/25
    Name 3 MO
    08/31/25     		YTD
    08/31/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New York AMT-Free Municipal Bond Fund
    DNYAX
    		0.64 -1.62 -1.69 1.99 -0.08 1.50 4.52
    Bloomberg U.S. Municipal Bond Index
    		1.29 0.32 0.08 2.59 0.40 2.18 -

    Quarter End

    Average Annual
    As of 06/30/25
    Name 3 MO
    06/30/25     		YTD
    06/30/25     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New York AMT-Free Municipal Bond Fund
    DNYAX
    		-0.96 -1.71 -0.39 2.03 0.12 1.61 4.54
    Bloomberg U.S. Municipal Bond Index
    		-0.12 -0.35 1.11 2.50 0.51 2.20 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

    The total return performance figures presented for Class Z shares of the fund represent the performance of the fund's Class A for periods prior to May 17, 2024, the inception date for Class Z shares, and the performance of Class Z, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.

     

    When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Class Z shares are closed to new accounts.

       

      Monthly

      Yield fluctuates and past performance is no guarantee of future results.

      Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

      Yearly

      Investment return fluctuates and past performance is no guarantee of future results.

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  03/31/25 Fee Description Expense Ratio (%)
      Management Fee 0.45%
      Shareholder Service Fees 0.08%
      Other Expenses 0.07%
      Total Expenses 0.60%
      Net Expenses 0.60%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYIA). BNYIA has engaged its affiliate, Insight North America LLC (INA), to serve as the fund's sub-adviser. Thomas Casey and Daniel Rabasco, CFA are the fund's primary portfolio managers, positions they have held since December 2009 and October 2014, respectively. Mr. Casey is a senior portfolio manager for tax-sensitive strategies at INA. Mr. Rabasco is the head of municipal bond strategies at INA.
      Download Total Holdings

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/15/25 Name NAV Change 10/03/24  12 Month 
          High Nav           		04/09/25  12 Month 
          Low Nav           		YTD Return
          DNYAX
          		$13.46
          $0.02
          0.15%
          		$13.86 $12.90 1.20%

          Past performance is no guarantee of future results.

          Main Risks

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Nov 30

          Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

          Month/Year Dividend ($)
          08/2025 0.036369685
          07/2025 0.034399842
          06/2025 0.032179156
          05/2025 0.035279452
          04/2025 0.033711542
          03/2025 0.032592950
          02/2025 0.030846802
          01/2025 0.035065142
          12/2024 0.034200840
          11/2024 0.033263229
          10/2024 0.034171452
          09/2024 0.030298175

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid

          Literature

          Literature

          PRODUCT MATERIALS

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          WHY MUNICIPALS ARE MORE THAN JUST TAX BENEFITS - BROCHURE Download
          MUNICIPAL BOND FRANCHISE PITCHBOOK Download
          BNY Mellon New York AMT-Free Municipal Bond Fund - Commentary Download

          Factsheet, Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Annual Report - Class Z Download
          Semi Annual Report - Class Z Download
          Annual Financials and Other Information Download
          Semi Annual Financials and Other Information Download
          1Q Fiscal Holdings Download
          3Q Fiscal Holdings Download

          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

           

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