DHMBX

About DHMBX

BNY Mellon High Yield Municipal Bond Fund Class Z is an open-ended mutual fund specializing in U.S. municipal bonds with a focus on generating high current income that is exempt from federal income tax. The fund primarily invests in high-yield, or lower-rated, municipal securities issued by state and local governments across the United States. Its portfolio is heavily weighted toward bonds, typically allocating over 97% of assets to this category, with a minor allocation to cash holdings. This investment approach seeks to deliver capital preservation and appreciation as a secondary objective, aiming to cater to income-oriented investors seeking tax-advantaged returns. By targeting the high-yield municipal segment, the fund plays a significant role in providing financing to public infrastructure and community projects while offering investors exposure to potentially higher yields than those offered by investment-grade municipal bond funds. Managed by BNY Mellon Investment Adviser, Inc., this fund appeals to those looking for diversification within the municipal bond market and tax-exempt income streams.