DNJYX

About DNJYX

BNY Mellon New Jersey Municipal Bond Fund, Inc. Y is an open-end mutual fund specializing in municipal fixed income securities. Its primary objective is to provide a high level of current income that is exempt from both federal and New Jersey state personal income taxes. The fund focuses on investment-grade municipal bonds that are issued by governmental or public authorities within the state of New Jersey, allocating at least 80% of its assets to such securities at the time of purchase. This strategy aligns the fund closely with the fiscal health and infrastructure projects of New Jersey, making it significant for investors seeking tax-advantaged income tied to this specific geographic region. The fund typically maintains a portfolio with moderate credit quality and interest rate sensitivity, reflecting a balance between yield generation and risk management. BNY Mellon New Jersey Municipal Bond Fund, Inc. Y plays a notable role in the municipal bond sector by facilitating capital for New Jersey’s public initiatives while serving investors who prioritize tax efficiency and regional focus in their fixed income allocation.