# BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dmb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BNY Mellon · Asset class: Bond - Strategy: Actively Managed · Inception: 2013-04-26 The BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed-end investment vehicle specializing in fixed income, operating under the guidance of BNY Mellon Investment Adviser, Inc. The fund primarily allocates capital to tax-exempt, investment-grade debt instruments issued within the United States. These securities originate from states, U.S. territories, the District of Columbia, their various political subdivisions, agencies, instrumentalities, or multistate authorities, alongside other specific eligible assets. A significant portion of its portfolio targets the infrastructure sec... ## Key Facts | Metric | Value | |---|---| | Price | $10.18 | | Expense Ratio | 4.12% | | Market Value | $187.4M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 5.42% | | Annual Distribution (TTM) | $0.55 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.19 – $11.28 | | Beta | 0.55 | ## Latest Distribution - Amount: $0.0500 /share - Ex-date: 2026-10-19 - Pay date: 2026-11-02 ## Frequently Asked Questions ### What does DMB invest in? The BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed-end investment vehicle specializing in fixed income, operating under the guidance of BNY Mellon Investment Adviser, Inc. The fund primarily allocates capital to tax-exempt, investment-grade debt instruments issued within the United States. These securities originate from states, U.S. territories, the District of Columbia, their various political subdivisions, agencies, instrumentalities, or multistate authorities, alongside other specific eligible assets. A significant portion of its portfolio targets the infrastructure sector, encompassing transportation, energy, utilities, social infrastructure, and water and environmental projects, among other public sectors. To be included, bonds must possess an investment-grade rating of at least BBB- from S&P and Fitch, or Baa3 from Moody's, and the fund maintains an effective duration ceiling of 14 years. Utilizing a comprehensive investment strategy, the fund combines fundamental and quantitative analysis with a bottom-up security selection methodology. Its objective is to capitalize on pricing disparities within the municipal bond market by assessing the relative value and appeal of diverse sectors and individual securities. Portfolio construction involves active adjustments across sectors, driven by factors such as prevailing economic and monetary conditions, interest rate trends, general money market dynamics, municipal bond market status, the size and maturity of specific offerings, and credit ratings. Founded on April 25, 2013, and domiciled in the United States, the fund was previously known as Dreyfus Municipal Bond Infrastructure Fund, Inc. ### What is the expense ratio of DMB? BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) charges an expense ratio of 4.12%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DMB's dividend yield? DMB's trailing-twelve-month yield is 5.42%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of DMB? Effective duration measures DMB's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DMB's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of DMB? DMB'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 DMB? Yield to maturity (YTM) is the total return you'd earn from DMB if every bond in the portfolio is held to maturity at the current price. DMB'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. ### Does DMB pay a dividend? Yes, BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) distributes dividends to shareholders. The trailing-twelve-month yield is 5.42%. Full dividend history is on this page. ### How often does DMB pay dividends? BNY Mellon Municipal Bond Infrastructure Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DMB's next ex-dividend date? The most recently announced ex-dividend date for DMB was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DMB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 4.12% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DMB charge its expense ratio? The expense ratio is deducted in tiny daily slices from DMB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DMB cost more than a fund like VOO? DMB is actively managed (current expense ratio 4.12%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DMB's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DMB? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as DMB (4.12%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dmb - Distribution history: https://www.dividenddata.com/funds/dmb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dmb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dmb/expenses - Peer comparison: https://www.dividenddata.com/funds/dmb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.