BNY Mellon Short Term Municipal Bond Fund

Frequently Asked Questions About DSIBX

What does DSIBX invest in?

The fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal personal income tax. It invests principally in municipal bonds with remaining maturities of five years or less and generally maintains a dollar-weighted average portfolio maturity of one to three years. The fund invests at least 80% of its net assets in municipal bonds rated, at the time of purchase, investment grade or the unrated equivalent as determined by the fund's sub-adviser.

What is the expense ratio of DSIBX?

BNY Mellon Short Term Municipal Bond Fund (DSIBX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is DSIBX's dividend yield?

DSIBX's trailing-twelve-month yield is 2.73%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DSIBX?

Effective duration measures DSIBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DSIBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DSIBX?

DSIBX'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 DSIBX?

Yield to maturity (YTM) is the total return you'd earn from DSIBX if every bond in the portfolio is held to maturity at the current price. DSIBX'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.