DMBYX

About DMBYX

BNY Mellon Opportunistic Municipal Securities Fund Class Y is an actively managed municipal bond mutual fund focused on delivering tax-exempt income while emphasizing capital preservation. The fund primarily invests in a diversified portfolio of municipal securities whose interest is exempt from U.S. federal income tax, using an opportunistic approach to allocate across credit qualities, sectors, and maturities within the municipal market. According to its stated objective, it seeks to maximize current income exempt from federal income tax, consistent with maintaining principal stability. The strategy can include revenue and general obligation bonds, as well as issues tied to essential services and infrastructure, which anchor the municipal market’s financing of state and local projects. Class Y shares are an institutional share class with higher minimum investment thresholds and typically feature lower ongoing expenses relative to retail classes, aligning with professional and large-scale investors. The fund’s role in portfolios is to provide federally tax-advantaged income, diversify interest-rate and credit exposure within fixed income, and serve as a core or satellite municipal allocation alongside taxable bond holdings.