- What does DITEX invest in?
- This fund endeavors to achieve the highest possible current income that is exempt from federal income taxation, all while prioritizing the protection of initial investment capital. It allocates a minimum of 80% of its holdings to municipal bonds that, upon acquisition, possess a credit rating of A or superior, or are deemed to be of comparable quality by the adviser if unrated. Up to 20% of the portfolio's assets may be directed towards municipal bonds with a rating below A, encompassing those classified as below investment grade (often referred to as 'high yield' or 'junk' bonds), or their unrated equivalents as assessed by the adviser. The dollar-weighted average maturity for the fund's investments typically spans a period of three to ten years.
- What is the expense ratio of DITEX?
- BNY Mellon Intermediate Municipal Bond Fund, Inc. (DITEX) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.
- What is DITEX's dividend yield?
- DITEX's trailing-twelve-month yield is 3.02%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of DITEX?
- Effective duration measures DITEX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DITEX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of DITEX?
- DITEX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of DITEX?
- Yield to maturity (YTM) is the total return you'd earn from DITEX if every bond in the portfolio is held to maturity at the current price. DITEX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
