DHYAX

About DHYAX

BNY Mellon High Yield Municipal Bond Fund Class A is a mutual fund focused on delivering federally tax-exempt income through investments in municipal bonds. Its primary function is to allocate at least 80% of its assets to municipal bonds, which offer income exempt from federal personal income tax, with a particular emphasis on high-yield, lower-rated credits (typically BBB/Baa or below). This approach targets investors seeking elevated income potential while accepting higher credit and market risk typically associated with high-yield municipal securities. The fund maintains a portfolio with a dollar-weighted average maturity generally exceeding ten years, permitting the management team flexibility across maturities to capture income opportunities in the municipal bond market. With more than 170 holdings and active management, the fund leverages the expertise of BNY Mellon, a prominent asset manager. It plays a significant role in the municipal bond sector by channeling capital into public projects and infrastructure, supporting municipalities while providing investors with the benefits of tax-exempt income and monthly dividend distributions.