MINMX

About MINMX

The BNY Mellon National Intermediate Municipal Bond Fund Investor Class is a mutual fund focused on providing current income that is exempt from federal income taxes, with an added emphasis on the preservation of capital. This fund invests primarily in a diversified portfolio of municipal bonds issued by state and local governments across the United States, which are frequently used to finance public infrastructure projects and essential services. The portfolio may at times include taxable bonds for temporary defensive purposes, but its mainstay is tax-exempt municipal debt. The fund targets an intermediate duration, typically limiting its effective duration to no more than eight years, aiming to balance interest rate sensitivity with income generation. Notable features include monthly dividend distributions and a broad portfolio of over 500 holdings, providing ample diversification across multiple states and sectors. Its role in the financial market centers on offering investors a vehicle for federally tax-exempt income, while serving as a tool for portfolio diversification within the fixed-income segment, especially for those seeking moderate interest rate risk and a focus on capital preservation.