DRMBX

About DRMBX

BNY Mellon AMT-Free Municipal Bond Fund - Class Z is a mutual fund specializing in municipal bonds, with a primary objective of generating high current income that is exempt from federal income tax and the federal alternative minimum tax. The fund predominantly invests at least 80% of its assets in municipal securities issued by U.S. states and local governments, allocating a minimum of 65% to bonds rated A or higher at purchase, while allowing up to 35% in lower-rated or unrated bonds. This structure gives the fund exposure to a broad spectrum of credit qualities within the municipal market. Its diverse holdings span hundreds of individual bonds across key sectors such as public utilities and infrastructure, reflecting robust diversification. The fund seeks to preserve capital for investors while providing steady, tax-advantaged income, making it significant for investors seeking tax efficiency and income stability. BNY Mellon AMT-Free Municipal Bond Fund - Class Z is particularly notable within the municipal bond space for its institutional share class features, including a competitive expense ratio and monthly income distributions to its shareholders.