DHYYX

About DHYYX

BNY Mellon High Yield Municipal Bond Fund – Class Y is a mutual fund designed to provide investors with exposure to high-yield municipal bonds, securities issued by state and local governments to finance public projects. The fund’s primary objective is to seek income exempt from federal taxes, making it particularly relevant to investors seeking tax-advantaged income streams. By focusing on bonds that are rated below investment grade or unrated within the municipal sector, the fund targets higher yields, though it assumes greater credit risk compared to portfolios concentrating on investment-grade municipal debt. BNY Mellon High Yield Municipal Bond Fund – Class Y is managed by a team of investment professionals and holds a diversified portfolio of municipal securities, with its top holdings comprising a moderate percentage of total assets for added risk management. As a participant in the high-yield municipal bond market, this fund plays a role in allocating capital to public infrastructure projects and offers investors a way to access a segment of the fixed income market with distinct risk and return characteristics. The fund’s performance is often compared to broad municipal bond benchmarks, reflecting its position as a specialized option within the municipal bond universe.