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    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
    $1,000
    Class Inception Date
    12/15/08
    Class Status
    Not available for purchase by individual investors.
    Fund Assets
    $327,290,188  As of  09/22/23
    Class Assets
    $18,697,192  As of  09/22/23
    Portfolio Turnover Rate
    8.56% As of fiscal year end  12/31/22
    Morningstar Category
    Municipal New Jersey
    Benchmark
    Bloomberg U.S. Municipal Bond Index
    Morningstar Overall Rating
    Fund Holdings
    118 As of 08/31/23
    AVERAGE EFFECTIVE MATURITY
    14.42 yr(s).  As of  08/31/23
    Modified Duration To Worst
    5.76 yr(s).  As of 08/31/23

    Morningstar Rating™ as of August 31, 2023 for the Class I 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 4 Stars (49 funds rated); 3 Yrs. 3 Stars (49 funds rated); 5 Yrs. 3 Stars (47 funds rated); 10 Yrs. 4 Stars (40 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.

     

    Average Effective Maturity (AEM) is a measure of maturity that takes into account the possibility that a bond might be called back by the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the underlying bonds.

    Modified Duration to Worst is a measure of the sensitivity of the price of a bond to a change in interest rates, which in this case assumes that the bond is called at its earliest possible call date (Worst). Modified duration measures the expected change in a bond's price to a 1% change in interest rates. In general, the higher the duration, the more a bond's price will drop as interest rates rise.

    Portfolio Managers

    • Jeffrey  Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      11 yr(s). on fund

    • Daniel Barton

      Daniel Barton, CFA

      Head of Research, Municipal Bonds, Insight North America, LLC

      13 yr(s). on fund


    Total Returns

    Average Annual
    As of 08/31/23
    Name 3 MO
    08/31/23
    YTD
    08/31/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DNMIX
    0.03 1.90 1.72 -1.14 1.20 2.86 4.92
    Bloomberg U.S. Municipal Bond Index
    -0.06 1.59 1.70 -1.32 1.52 2.81 -
    Average Annual
    As of 06/30/23
    Name 3 MO
    06/30/23
    YTD
    06/30/23
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DNMIX
    0.02 2.64 2.56 -0.35 1.46 2.53 4.96
    Bloomberg U.S. Municipal Bond Index
    -0.10 2.67 3.19 -0.58 1.84 2.68 -

    The performance data quotes represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

    The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

    The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class A for periods prior to December 15, 2008, the inception date for Class I shares, and the performance of Class I, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different.

     

    When applicable, returns reflect a contractual expense reduction, without which returns would have been lower. Please see contractual expense reduction information, if any, in the Prospectus Fee Table below.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical Performance

      These figures do not reflect the maximum sales charge which, if included, would reduce return.

      Not available for purchase by individual investors.

       

      Past performance is no guarantee of future results.

      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.

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


      Prospectus Fee Table Expense Ratios

      As of  07/01/23 Fee Description Expense Ratio (%)
      Management Fee 0.45%
      Other Expenses 0.12%
      Total Expenses 0.57%
      Total Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until May 1, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of the fund's share classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .60%. On or after May 1, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Insight North America LLC (INA), to serve as the fund's sub-investment adviser. Daniel Barton, CFA and Jeffrey Burger, CFA are the fund's primary portfolio managers, positions they have held since December 2009 and March 2012, respectively. Mr. Barton is a director and head of research for tax sensitive strategies at Insight North America LLC (INA), an affiliate of BNYM Investment Adviser. Mr. Burger is a director and senior portfolio manager for tax-sensitive strategies at INA.

      Asset Allocation


          Daily Statistics

          As of 09/22/23 Name 30-Day Sec Yield
          (WITHOUT WAIVER)
          30-Day Sec Yield
          (WITH WAIVER)
          NAV Change 04/12/23  12 Month 
          High Nav
          10/26/22  12 Month 
          Low Nav
          YTD Return
          DNMIX
          3.61% 3.61% $11.36
          -$0.01
          -0.09%
          $11.87 $11.01 0.66%

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

          The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Municipal New Jersey


          Morningstar Rating™ as of 08/31/23 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Municipal New Jersey. Fund ratings are out of 5 Stars: Overall 4 Stars (49 funds rated); 3 Yrs. 3 Stars (49 funds rated); 5 Yrs. 3 Stars (47 funds rated); 10 Yrs. 4 Stars (40 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
            26 out of 47
          • 3 Year
            23 out of 47
          • 5 Year
            26 out of 45
          • 10 Year
            19 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  08/31/23  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DNMIX
          6.03 0.10 0.97 98.93 -0.48

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.


          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.


          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Dec 31
          Annualized Distribution Rate
          2.91%
          As of  08/2023

          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 ($)
          08/2023 0.028492399
          07/2023 0.028074749
          06/2023 0.027105112
          05/2023 0.030068709
          04/2023 0.025131241
          03/2023 0.027810219
          02/2023 0.025057341
          01/2023 0.028081186
          12/2022 0.026569434
          11/2022 0.026654031
          10/2022 0.027452036
          09/2022 0.026300165

          All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid

          Distributions History

          Record Date Ex-Dividend Date Payable Date 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
          03/28/22 03/29/22 03/29/22 - 0.0000 - 0.0000 0.0295 0.0295 12.15
          Record Date Ex-Dividend Date Payable Date 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
          03/20/20 03/23/20 03/23/20 0.0000 0.0000 0.0139 0.0000 0.0054 0.0193 -
          12/26/19 12/27/19 12/27/19 0.0000 0.0000 0.0000 0.0000 0.0461 0.0461 -
          03/15/19 03/18/19 03/18/19 0.0000 0.0000 0.0180 0.0000 0.0044 0.0224 -
          12/27/18 12/28/18 12/28/18 0.0000 0.0000 0.0000 0.0000 0.1594 0.1594 -
          03/16/18 03/19/18 03/19/18 0.0000 0.0000 0.0071 0.0000 0.0000 0.0071 -
          03/17/17 03/20/17 03/20/17 0.0000 0.0000 0.0047 0.0000 0.0000 0.0047 -
          03/19/14 03/20/14 03/20/14 0.0000 0.0000 0.0028 0.0000 0.0000 0.0028 -
          03/19/13 03/20/13 03/20/13 0.0000 0.0000 0.0057 0.0000 0.0000 0.0057 -

          Literature

          PRODUCT MATERIALS

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          Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

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