BNY Mellon New York AMT-Free Municipal Bond Fund Class C is an open-end municipal bond fund focused on generating current income that is exempt from federal, New York State, and New York City income taxes, including the federal alternative minimum tax. The fund normally invests at least 80% of net assets in New York municipal securities, emphasizing intermediate-duration bonds to balance income with capital preservation. It targets revenue and general obligation bonds that finance essential services and infrastructure across the state, such as transportation, education, healthcare, and utilities. Positioned within the Muni New York Intermediate category, the fund offers monthly distributions and broad diversification across hundreds of holdings, reflecting the depth of the New York municipal market. Class C shares are designed for investors who prefer a higher ongoing expense structure in lieu of front-end sales charges, aligning the share class with distribution and servicing needs. By focusing on tax-advantaged income from New York issuers, the fund serves residents seeking state- and city-level tax efficiency within a professionally managed municipal bond portfolio.
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