BNY Mellon Municipal Bond Fund (DRTAX) Stock
This fund aims to maximize current income free from federal income tax while also preserving capital. The portfolio typically allocates nearly all its net assets to municipal bonds that offer income exempt from federal taxation.
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About BNY Mellon Municipal Bond Fund
This fund aims to maximize current income free from federal income tax while also preserving capital. The portfolio typically allocates nearly all its net assets to municipal bonds that offer income exempt from federal taxation. A minimum of 75% of its holdings consist of municipal bonds rated A or better at the time of acquisition, or unrated bonds deemed comparable by the sub-adviser. While the average duration of the fund's bond portfolio usually extends beyond ten years, the management maintains the flexibility to invest without specific maturity restrictions.
BNY Mellon Municipal Bond Fund (DRTAX) stock trades at $10.86 with a market capitalization of $912.01M. Over the past 52 weeks the stock has ranged between $10.02 and $10.91, and currently trades at its 52-week high.