BNY Mellon New Jersey Municipal Bond Fund, Inc. (DRNJX)
| Fund Assets | 285.89M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,000 |
| Turnover | 20.81% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.62% |
| Dividend Growth | 2.60% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 11.59 |
| YTD Return | -0.57% |
| 1-Year Return | -0.68% |
| 5-Year Return | -0.07% |
| 52-Week Low | 11.11 |
| 52-Week High | 12.01 |
| Beta (5Y) | n/a |
| Holdings | 118 |
| Inception Date | Nov 6, 1987 |
About DRNJX
BNY Mellon New Jersey Municipal Bond Fund, Inc. Class A is an open-end mutual fund focused on generating income that is exempt from both federal and New Jersey state income taxes. The fund invests at least 80% of its net assets in municipal bonds that are rated investment grade or are considered of comparable quality at the time of purchase. Its portfolio is predominantly composed of debt securities issued by municipalities within New Jersey, targeting a mix of long-, intermediate-, and short-term bonds to balance income potential with capital preservation. The emphasis on municipal bonds makes the fund particularly relevant to investors seeking tax-advantaged income while supporting public projects and infrastructure in New Jersey. By concentrating on higher-quality municipal debt, the fund aims to maintain a lower risk profile, aligning with its objective of preserving capital in addition to providing tax-exempt income. This makes the BNY Mellon New Jersey Municipal Bond Fund, Inc. Class A a significant participant in the tax-exempt fixed-income market, tailored specifically for residents or those with tax liabilities in New Jersey.
Performance
DRNJX had a total return of -0.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.75%.
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
29.77% of assets| Name | Symbol | Weight |
|---|---|---|
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ.NJSTRN 5 06.15.2042 | 5.92% |
| NEW JERSEY ST TRANSN TR FD AUTH | NJ.NJSTRN 0 12.15.2028 | 3.72% |
| TOBACCO SETTLEMENT FING CORP N J 5.25% | NJ.TOBGEN 5.25 06.01.2046 | 3.16% |
| NEW JERSEY ST TPK AUTH TPK REV 5.25% | NJ.NJSTRN 5.25 01.01.2050 | 3.10% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | NJ.NJSMED 4 07.01.2051 | 2.58% |
| PORT AUTH N Y & N J 5% | NY.PORTRN 5 11.15.2033 | 2.42% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | NJ.NJSMED 4 07.01.2041 | 2.34% |
| Us Dollar | n/a | 2.26% |
| RAHWAY VALLEY N J SEW AUTH SWR REV | NJ.RHVUTL 0 09.01.2030 | 2.19% |
| NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | NJ.NJSMED 07.01.2045 | 2.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02985 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0283 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02553 | Jun 30, 2025 |
| May 30, 2025 | $0.02826 | May 30, 2025 |
| Apr 30, 2025 | $0.02603 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0254 | Mar 31, 2025 |