BNY Mellon New Jersey Municipal Bond Fund, Inc. (DNMIX)
| Fund Assets | 294.13M |
| Expense Ratio | 0.60% |
| Min. Investment | $1,000 |
| Turnover | 20.81% |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 2.98% |
| Dividend Growth | 3.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 11.73 |
| YTD Return | 0.71% |
| 1-Year Return | 1.01% |
| 5-Year Return | 2.54% |
| 52-Week Low | 11.11 |
| 52-Week High | 12.00 |
| Beta (5Y) | n/a |
| Holdings | 117 |
| Inception Date | Dec 15, 2008 |
About DNMIX
The BNY Mellon New Jersey Municipal Bond Fund, Inc. Class I is a municipal bond mutual fund focused on providing federally and New Jersey state tax-exempt income. Its primary purpose is to invest at least 80% of its assets in municipal bonds issued by New Jersey entities, which finance a variety of public projects such as schools, transportation infrastructure, and utilities. By concentrating on New Jersey municipal debt, the fund delivers tax advantages for residents of the state, making it particularly appealing to investors seeking tax-efficient income. The fund is diversified across different maturities and credit qualities, balancing risk and return within the municipal bond sector. With an expense ratio of approximately 0.60% and assets exceeding $400 million, the fund holds a prominent role in the market segment dedicated to New Jersey municipal bonds, offering consistent access to high-quality tax-exempt fixed income for institutional and individual investors alike.
Performance
DNMIX had a total return of 1.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.69%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FNJHX | Fidelity | Fidelity New Jersey Municipal Income | 0.45% |
Top 10 Holdings
29.85% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2042 | 5.41% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 0 12.15.2028 | 3.87% |
| TOBACCO SETTLEMENT FING CORP N J 5.25% | NJ.TOBGEN 5.25 06.01.2046 | 3.26% |
| NEW JERSEY ST TPK AUTH TPK REV 5.25% | NJ.NJSTRN 5.25 01.01.2050 | 3.23% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | NJ.NJSMED 4 07.01.2051 | 2.69% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 11.15.2033 | 2.50% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | NJ.NJSMED 4 07.01.2041 | 2.45% |
| RAHWAY VALLEY N J SEW AUTH SWR REV | NJ.RHVUTL 0 09.01.2030 | 2.28% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | NJ.NJSMED 07.01.2045 | 2.15% |
| NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | NJ.NJSDEV 5 10.01.2047 | 2.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02936 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0322 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03059 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02765 | Jun 30, 2025 |
| May 30, 2025 | $0.03061 | May 30, 2025 |
| Apr 30, 2025 | $0.02831 | Apr 30, 2025 |