DNYYX

About DNYYX

BNY Mellon New York AMT-Free Municipal Bond Fund Class Y is a municipal bond mutual fund focused on generating income that is exempt from federal, New York state, and New York City personal income taxes. The fund invests predominantly in high-quality municipal bonds issued by government entities and public authorities within New York State and New York City, with the objective of preserving capital while maximizing tax-exempt current income. Notably, the fund is structured to avoid exposure to the federal alternative minimum tax (AMT), making it particularly suitable for individuals subject to this tax provision. With over 220 holdings, the fund provides sector diversification across various public projects, such as education, infrastructure, health, and utilities. Its institutional share class is designed for large-scale investors, requiring a high minimum investment, and offers a relatively low expense ratio. By serving investors seeking stable, tax-advantaged income, the fund plays a significant role in the municipal bond segment and supports the financing needs of New York’s public sector projects.