BNY Mellon New Jersey Municipal Bond Fund, Inc.

Why invest in this Fund?

The fund seeks as high a level of current income exempt from federal and New Jersey personal income taxes as is consistent with the preservation of capital.

To pursue this goal, the fund normally invests at least 80% of its assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and New Jersey personal income taxes.

The fund invests at least 80% of its assets in investment grade municipal bonds or the unrated equivalent as determined by the manager. The fund may invest up to 20% of its assets in municipal bonds rated below investment grade ("high yield" or "junk" bonds) or the unrated equivalent as determined by the manager.
Min. class investment
$0
Class Inception Date
06/07/07
Class Status
Class Z shares are closed to new accounts.
Fund Assets
$437,623,295  As of  12/11/19
Class Assets
$89,625,220  As of  12/11/19
Portfolio Turnover Rate
13.71%  As of fiscal year end  12/31/18
Morningstar Category
Municipal New Jersey
Benchmark
Bloomberg Barclays U.S. Municipal Bond Index
Morningstar Overall Rating
Fund Holdings
135  As of  11/30/19
Average Effective Maturity
13.88  yr(s).  As of  11/30/19
Average Effective Duration
4.97  yr(s).  As of  11/30/19

Morningstar Rating™ as of November 30, 2019 for the Class Z class shares; other classes may have different performance characteristics. Overall rating for the Municipal New Jersey category. Fund ratings are out of 5 Stars: Overall 3 Stars (45 funds rated); 3 Yrs. 3 Stars (45 funds rated); 5 Yrs. 4 Stars (44 funds rated); 10 Yrs. 3 Stars (38 funds rated). The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2018 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Portfolio Managers

  • Burger, Jeffrey

    Jeffrey Burger

    Senior Portfolio Manager, Mellon Investments Corporation

    7 yr(s). on fund

  • Barton, Daniel

    Daniel Barton

    Portfolio Manager, Senior Analyst for Tax-Sensitive Strategies, Mellon Investments Corporation

    10 yr(s). on fund


As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New Jersey Municipal Bond Fund, Inc.
DZNJX
7.82 4.94 3.66 4.11 4.09 06/07/07
Bloomberg Barclays U.S. Municipal Bond Index
8.49 5.02 3.57 4.34 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New Jersey Municipal Bond Fund, Inc.
DZNJX
7.99 3.14 3.79 3.90 4.14 06/07/07
Bloomberg Barclays U.S. Municipal Bond Index
8.55 3.19 3.66 4.16 - -
As of  11/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New Jersey Municipal Bond Fund, Inc.
DZNJX
7.82 15.57 19.68 49.56 64.88 06/07/07
Bloomberg Barclays U.S. Municipal Bond Index
8.49 15.84 19.17 53.00 - -
As of  09/30/19 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon New Jersey Municipal Bond Fund, Inc.
DZNJX
7.99 9.73 20.45 46.61 64.73 06/07/07
Bloomberg Barclays U.S. Municipal Bond Index
8.55 9.88 19.68 50.38 - -
The Bloomberg Barclays U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

Growth of $10,000 Investment

Historical Performance

    Class Z shares are closed to new accounts.
    Fund 11/19 10/19 09/19 08/19 07/19 06/19 05/19 04/19 03/19 02/19 01/19 12/18
    DZNJX
    2.91% 2.89% 2.96% 2.85% 2.95% 2.97% 3.00% 3.11% 3.20% 3.24% 3.25% 3.23%

    Yield fluctuates and past performance is no guarantee of future results.

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
    DZNJX
    1.31% 5.94% 0.36% 3.49% 10.31% -4.93% 7.04% 10.80% 0.65% 13.72%

    Investment return fluctuates and past performance is no guarantee of future results.

    Taxable Equivalent Yield Based on the Fund's 30-day SEC Yield

    30-Day SEC Yield With Waiver: 1.63%

    Combined Effective Federal and State Income Tax Rate

     

    As of  12/11/19
    Name 39.89% 42.70% 44.29% 46.11% 47.16%
    Joint Return $321,451 to $408,200 $408,201 to $500,000 $500,001 to $612,350 $612,351 to $5,000,000 Over $5,000,001
    Single Return $200,001 to $204,100 $204,101 to $500,000 $500,001 to $510,300 $510,301 to $5,000,000 Over $5,000,001
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DZNJX
    2.71% 2.84% 2.93% 3.02% 3.09%

    Composite effective Federal and State tax bracket for New Jersey residents after Federal benefits. Income is subject to State and local taxes for non-New Jersey residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    30-Day SEC Yield Without Waiver: 1.52%

    Combined Effective Federal and State Income Tax Rate

     

    As of  12/11/19
    Name 39.89% 42.70% 44.29% 46.11% 47.16%
    Joint Return $321,451 to $408,200 $408,201 to $500,000 $500,001 to $612,350 $612,351 to $5,000,000 Over $5,000,001
    Single Return $200,001 to $204,100 $204,101 to $500,000 $500,001 to $510,300 $510,301 to $5,000,000 Over $5,000,001
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DZNJX
    2.53% 2.65% 2.73% 2.82% 2.88%

    Composite effective Federal and State tax bracket for New Jersey residents after Federal benefits. Income is subject to State and local taxes for non-New Jersey residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    Restated yields do not reflect current undertaking in effect, which may be modified, extended, or terminated at any time.


    Prospectus Fee Table Expense Ratios

    As of  05/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.60%
    Shareholder Service Fees 0.05%
    Other Expenses 0.11%
    Total Expenses 0.76%
    Expenses Reimbursed 0.11%
    Net Expenses 0.65%
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until May 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.60%. On or after May 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund's primary portfolio managers are Daniel Barton, CFA and Jeffrey Burger, CFA, positions they have held since December 2009 and March 2012, respectively. Mr. Barton is a portfolio manager and senior analyst for tax-sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Burger is a senior portfolio manager for tax-sensitive strategies at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation


        Daily Statistics

        As of  12/11/19 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)
        30-Day Sec Yield 
        (WITH WAIVER)
        NAV Change 08/28/19  12 Month 
        High Nav
        01/02/19  12 Month 
        Low Nav
        YTD Return
        DZNJX
        1.52% 1.63% $13.02
        $0.01
        0.08%
        $13.18 $12.54 7.02%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Municipal New Jersey


        Morningstar Rating™ as of 11/30/19 for the Class Z shares; other classes may have different performance characteristics. Overall rating for the Municipal New Jersey. Fund ratings are out of 5 Stars: Overall 3 Stars (127 funds rated); 3 Yrs. 3 Stars (45 funds rated); 5 Yrs. 4 Stars (44 funds rated); 10 Yrs. 3 Stars (38 funds rated).
        The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          28 out of 51
        • 3 Year
          20 out of 45
        • 5 Year
          19 out of 44
        • 10 Year
          20 out of 38

        LIPPER CLASSIFICATION New Jersey Municipal Debt Funds


        Lipper Category returns and rankings are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

        Main Risks

        Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.

        Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.

        Risk Metrics

        As of  11/30/19, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DZNJX
        2.28 0.26 0.89 96.60 1.40

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Dec 31
        Annualized Distribution Rate
        2.91%
        As of  11/2019
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        11/2019 0.030013518
        10/2019 0.031937746
        09/2019 0.032766300
        08/2019 0.030810770
        07/2019 0.034620389
        06/2019 0.029418927
        05/2019 0.032862154
        04/2019 0.034737116
        03/2019 0.032465517
        02/2019 0.031369005
        01/2019 0.034701311
        12/2018 0.034777283
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DZNJX
        0.0000 0.0000 0.0180 0.0000 0.0044 0.0224 12.64
        Record Date Ex-Dividend Date Payable Date
        DZNJX
        03/15/19 03/18/19 03/18/19
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends
        Qualified 
        Dividends
        Non-Qualified 
        Short-Term 
        Capital Gain
        Qualified 
        Short-Term 
        Capital Gain
        Long-Term 
        Capital Gain
        Total 
        Distribution
        Reinvest 
        NAV
        DZNJX
        Estimated 0.0000 0.0000 0.0000 0.0000 0.0460 0.0460 -
        Record Date Ex-Dividend Date Payable Date
        DZNJX
        12/26/19 12/27/19 12/27/19