DNYIX

About DNYIX

BNY Mellon New York AMT-Free Municipal Bond Fund Institutional Shares is an open-end mutual fund specializing in tax-exempt fixed income securities. Its primary objective is to generate current income that is exempt from federal, New York state, and New York City personal income taxes, in addition to the federal alternative minimum tax. The fund achieves this by investing at least 80% of its assets in municipal bonds, with a strong focus on investment-grade issues tied to municipally-backed infrastructure and development projects within New York. The portfolio is managed with a rigorous credit evaluation process, emphasizing preservation of capital while seeking steady, tax-advantaged income. This fund is designed for institutional investors and entities looking for a diversified, actively managed municipal bond allocation that addresses both state and local tax considerations. It plays a specialized role in the market by serving investors who require high-credit-quality municipal exposure linked to New York while seeking to minimize tax liability from income distributions.