BNY Mellon Strategic Municipal Bond Fund, Inc.

Frequently Asked Questions About DSM

What does DSM invest in?

BNY Mellon Strategic Municipal Bond Fund, Inc. operates as closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The company was founded in 1989 and is headquartered in New York, NY.

What is the expense ratio of DSM?

BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) charges an expense ratio of 2.67%. This is the annual fee deducted from fund assets to cover management and operations.

What is DSM's dividend yield?

DSM's trailing-twelve-month yield is 5.30%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DSM?

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

What is the credit quality of DSM?

DSM'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 DSM?

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