BNY Mellon AMT-Free Municipal Bond Fund - Class I (DMBIX)
| Fund Assets | 1.82B |
| Expense Ratio | 0.44% |
| Min. Investment | $1,000 |
| Turnover | 19.60% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.37% |
| Dividend Growth | 8.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.45 |
| YTD Return | 1.21% |
| 1-Year Return | 4.92% |
| 5-Year Return | 4.11% |
| 52-Week Low | 12.26 |
| 52-Week High | 13.46 |
| Beta (5Y) | 0.28 |
| Holdings | 588 |
| Inception Date | Dec 15, 2008 |
About DMBIX
BNY Mellon AMT-Free Municipal Bond Fund – Class I is an open-end municipal bond mutual fund designed to deliver federally tax-exempt income while preserving capital. The fund primarily holds investment-grade municipal securities, investing at least a majority of assets in bonds rated A or higher or comparable unrated issues, and seeks to avoid exposure that would trigger the federal alternative minimum tax. It focuses on the national intermediate-term muni market, providing diversified exposure across state and local issuers that finance public-purpose projects such as transportation, utilities, education, and healthcare. Managed within a disciplined credit and duration framework, the portfolio emphasizes high-quality issuers to support stability of income and principal. The fund distributes income monthly and maintains a broad holdings base to mitigate issuer-specific risk. With a long operating history since 2008 and a competitive expense profile for its share class, BNY Mellon AMT-Free Municipal Bond Fund – Class I serves as a core tax-exempt fixed income allocation for investors seeking steady, federally tax-exempt cash flows and diversified municipal market exposure.
Performance
DMBIX had a total return of 4.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLUVX | Fidelity | Fidelity Advisor Municipal Income Fund - Class M | 0.75% |
| FKISX | Fidelity | Fidelity Advisor Municipal Income Fund - Class C | 1.50% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.51% |
| FUENX | Fidelity | Fidelity Flex Municipal Income Fund | n/a |
| FHIGX | Fidelity | Fidelity Municipal Income Fund | 0.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04061 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04127 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03576 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0421 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03731 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04089 | Aug 29, 2025 |