CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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BNY Mellon Municipal Income (DMF)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of July 8, 2020
Market Price $8.54 (+ $0.05)
NAV (July 8, 2020) $8.97 (+ $0.01)
Premium / Discount -4.79% (+0.45%)
Fund Info
Inception Oct. 24, 1988
Sponsor BNY Mellon Investment Adviser
Website https://im.bnymellon.c...
Phone 1-800-373-9387
Objective: High current income exempt from Federal income tax with capital preservation through investment in municipal bonds, industrial development bonds.
Capital & Leverage
Outstanding Shares 20,748,492
Total Assets (Reported: March 31, 2020) $301M
Estimated Total Assets $207M
Net Assets $186M
Market Cap $177M
Purchases Turnover 15.32%
Sales Turnover 30.07%
Total Leverage 39.16%
Structural Leverage (out of total) 25.84%
Portfolio Leverage (out of total) 74.16%
Expense Ratio 2.26%
Non Lev Exp Ratio 0.96%
Rel Lev Cost 2.00%
Discount Data
Average Discount (3 Yr) -6.97%
Discount Low(3 Yr) -22.69%
Discount High(3 Yr) 6.27%
Discount Rel Range 61.79%
Comp Discount 0.52
Discount St Dev (1Yr) 2.99
Z-Stat (6mo) -0.16
Z-Stat (1Yr) -0.20
Z-Stat (3Yr) 0.55
Comp Z-Stat (6mo) -0.49
Comp Z-Stat (3Yr) 0.31
Distribution Data
Market Yield 4.92%
Income Yield 4.92%
Lev Adj NAV Yield 3.36%
Distribution Frequency M
Current Distribution $0.035
Current Income $0.035
Ex-Date 7/14/20
Payable Date 7/31/20
Div Growth (3yr) -14.63%
Dividend Change -14.6% on 1/26/18
Expected Div 7/30/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018
Income 0%
ST Gains 0%
QDI 0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $456
Avg Volume 30 day 42,670
Avg Volume 90 day 53,391
Volume Trend -20.08%
Comp Volume Trend -7.17%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
Most Correlated Peer (Mk Pr): IQI 93.0%
NAV - Price Correlation (30 d) -72.5%
NAV - Price Correlation (90 d) 43.9%
NAV - Price Correlation (1 Yr) 87.7%
Price St Dev (1Yr) 28.1%
NAV St Dev (1Yr) 13.3%
Earnings / Share (3/31/20) $0.033
Earn Coverage 93.14%
Earnings Trend Down
UNII / Share (3/31/20) $0.002
Rel UNII 0.50
UNII Trend Down
Bond Specific Data
Maturity 20.57
Duration 6.51
Credit Rating (rbo) A
Investment Grade 89.31%
Non Investment Grade 2.41%
Unrated Bonds 8.29%
Average Bond Price 106.83
Discount vs Price 2.04
Coupon 4.28%
Zero Coupon 4.08%
AMT 10.13%
AMT Yield 4.78%
Bond Calls Risk 8.39%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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