BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) Research
This investment vehicle primarily aims to deliver the maximum obtainable current income, completely exempt from federal, New York state, and New York City income taxes, all while diligently safeguarding the initial principal. A significant portion, at least 80%, of its total assets—including any funds borrowed for investment purposes—is committed to municipal bonds that provide this triple tax-exempt income. Furthermore, the fund may allocate up to 20% of its holdings to municipal debt instruments rated below investment grade (colloquially termed "high yield" or "junk" bonds), or to unrated equivalents as assessed by the advisor. Notably, this fund operates on a non-diversified basis.
Market snapshot
- Symbol
- DRNYX
- Price
- $13.53
- Day change
- -0.07%
- Market cap
- $1.0B
- P/E ratio
- -13.63x
- 52-week range
- 12.66-13.67
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
Peer companies
- Delaware SMID Cap Growth Fund Class A (DFCIX)
- Allspring Discovery All Cap Growth - Admin (EOMYX)
- IVA Worldwide Fund Class A (IVWAX)
- BMO TCH Core Plus Bond Fund Class I Shares (MCBIX)
- BMO TCH Core Plus Bond Fund Class Y Shares (MCYBX)
- MainStay Income Builder Fund Class R3 (MTXVX)
- PGIM Balanced Fund- Class B (PBFBX)
- Invesco International Equity Fund Class A (QIVAX)
Open BNY Mellon New York Tax Exempt Bond Fund, Inc. (DRNYX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.