DRNJX

About DRNJX

BNY Mellon New Jersey Municipal Bond Fund, Inc. Class A is an open-end mutual fund focused on generating income that is exempt from both federal and New Jersey state income taxes. The fund invests at least 80% of its net assets in municipal bonds that are rated investment grade or are considered of comparable quality at the time of purchase. Its portfolio is predominantly composed of debt securities issued by municipalities within New Jersey, targeting a mix of long-, intermediate-, and short-term bonds to balance income potential with capital preservation. The emphasis on municipal bonds makes the fund particularly relevant to investors seeking tax-advantaged income while supporting public projects and infrastructure in New Jersey. By concentrating on higher-quality municipal debt, the fund aims to maintain a lower risk profile, aligning with its objective of preserving capital in addition to providing tax-exempt income. This makes the BNY Mellon New Jersey Municipal Bond Fund, Inc. Class A a significant participant in the tax-exempt fixed-income market, tailored specifically for residents or those with tax liabilities in New Jersey.