DHYCX

About DHYCX

BNY Mellon High Yield Municipal Bond Fund - Class C is an open-ended mutual fund specializing in U.S. municipal bonds, designed to provide investors with high current income that is exempt from federal income tax. The fund primarily targets municipal securities rated BBB/Baa or lower, classifying them as high yield or non-investment grade within the municipal bond market. By focusing on these higher-yield issuers, the fund seeks to offer elevated income potential while taking on a higher level of credit risk. At least 80% of the fund's assets, plus any borrowings for investment, are invested in tax-exempt municipal bonds, with a portfolio typically maintaining a dollar-weighted average maturity exceeding ten years. This extended maturity profile reflects a long-term investment horizon and interest rate sensitivity. The fund's diversified portfolio spans numerous municipal sectors, supporting infrastructure, public projects, and essential community services across the United States. BNY Mellon High Yield Municipal Bond Fund - Class C serves as a specialized vehicle for investors seeking tax-advantaged income and exposure to the municipal fixed income market, particularly within the higher-yield, lower-credit tier of municipal securities.