BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB)
- CUSIP 09662W109
- NAV $ 11.69 As of 12/01/23
- CHG $ 0.05 (0.43 %)
- MKT PRICE $10.10 As of 12/01/23
- CHG $0.13 (1.30 %)
- Ann. Dist. Rate 5.34% As of 10/31/23
- Premium/Discount -13.60% As of 12/01/23
Why invest in this Fund?
- Seeks to provide investors a monthly federal tax-exempt dividend by investing in a mix of high quality and high yielding municipal bonds.
- With an emphasis on infrastructure, investors participate in the rebuilding of America's roads, bridges and common projects. Many of these bonds are revenue bonds generating their yield from taxes or tolls.
- With yield scarce across many bond securities, investors may be drawn to municipal bonds because of their local government appeal and tax-exempt status.
- The management team is very experienced investing in municipal bonds and have managed the fund since its inception in 2013.
- May be appropriate as a more focused infrastructure municipal bond holding within diversified portfolios.
NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Market Price - The market price is the most recent price at which the fund was traded.
Annualized Distribution Rate - It represents the latest declared regular distribution, annualized, relative to the market price as of quarter end. Special distributions, including special capital gains distributions, are not included in the calculation. Distributions are sourced entirely from net investment income, unless otherwise noted.
Net Assets - It is the total assets minus liabilities, including the assets attributable to the Remarketable Variable Rate MuniFund Term Preferred Shares.
Managed Assets - It is the total assets of the fund, including any assets attributable to leverage, minus the fund's accrued liabilities, other than any liabilities or obligations attributable to leverage.
Total Leverage - It is the amount of borrowed funds used to purchase assets in order to potentially enhance returns.
Leveraged Effective Duration - It takes into account the impact of the fund’s use of leverage on the potential effect of interest-rate changes on the fund’s portfolio and optional call provisions of the fund’s portfolio holdings.
Average Effective Maturity - It is the weighted average of the effective maturity dates of the fixed-income securities in the fund's holdings. The average effective maturity does not take into account the fund’s use of leverage.
Average Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.
Weighted Average Coupon - It is calculated from a fund’s portfolio by weighing the coupon of each bond by its relative size in the portfolio. Coupons are percentages paid out on a fixed-income security on a periodic basis.
Portfolio Turnover Rate - It is a measure of how quickly securities in a fund are either bought or sold by the fund's managers, over a given period of time.
Portfolio Managers
-
Thomas Casey
Senior Portfolio Manager, Insight North America LLC
10 yr(s). on fund
-
Jeffrey Burger, CFA
Senior Portfolio Manager, Insight North America, LLC
10 yr(s). on fund
-
Daniel Rabasco, CFA
Head of Municipal Bonds, Insight North America LLC
10 yr(s). on fund
Daily Statistics
As of 12/01/23NAME |
30-DAY SEC YIELD (WITHOUT WAIVER) |
30-DAY SEC YIELD (WITH WAIVER) |
NAV |
NAV CHANGE |
MARKET PRICE |
MARKET PRICE CHANGE |
PREMIUM/ DISCOUNT |
---|---|---|---|---|---|---|---|
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
|
5.42% | 5.42% | $11.69 |
$0.05
0.43%
|
$10.10 |
$0.13
1.30%
|
-13.60% |
30-Day SEC Yield - 30-Day SEC Yield is based upon dividends per share from net investment income during the past 30 days, divided by the period ended maximum offering price per share and annualized. Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.
Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.
Market Price performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times.
Monthly Statistics
As of 10/31/23 NAME |
52 WEEK AVERAGE PREMIUM/DISCOUNT |
52 WEEK LOW/HIGH MARKET PRICE |
---|---|---|
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
|
-13.81% | $8.99-$13.83 |
Total Returns
Month End
Average Annual As of 10/31/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 10/31/23 |
YTD 10/31/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
(DMB) |
-22.02 | -11.20 | -5.61 | -7.41 | -0.78 | 3.70 | 0.27 |
Bloomberg U.S. Municipal Bond Index
|
-5.14 | -2.22 | 2.64 | -2.48 | 1.00 | 2.12 | - |
Quarter End
Average Annual As of 09/30/23 |
|||||||
---|---|---|---|---|---|---|---|
Name |
3 MO 09/30/23 |
YTD YTD 09/30/23 |
1 YR | 3 YRS | 5 YRS | 10 YRS | Since Inception |
BNY Mellon Municipal Bond Infrastructure Fund, Inc.
DMB |
-6.85 | -2.45 | -9.17 | -5.36 | 0.19 | 4.85 | 1.18 |
Bloomberg U.S. Municipal Bond Index
|
-3.95 | -1.38 | 2.66 | -2.30 | 1.05 | 2.29 | - |
The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less that the original cost.
Total return based on market price represents changes to the fund's closing market price on its primary exchange. Total return based on net asset value (NAV) reflects changes in the fund's NAV during each period.
Returns are shown net of fund expenses and assumes the reinvestment of all distributions. Investors who purchase shares of the fund through an investment advisor or other financial professional may separately pay a fee to that service provider.
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.
Growth of $10,000 Investment at Market Price
Past performance is no guarantee of future results.
Historical NAV and Market Price Trailing Twelve Months
Historical Premium/Discount Trailing Twelve Months
Historical Performance
Past performance is no guarantee of future results.
Returns are shown net of fund expenses and assumes the reinvestment of all distributions.
Expense Ratio
As of 02/28/22Fee Description | Total Expense Ratio (%) |
---|---|
Management Fee | 0.97% |
Other Expenses | 0.16% |
Interest Expense | 0.55% |
Total Expenses | 1.68% |
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.
Please see the fund's Annual Report for full information on expenses.
Portfolio Manager
Holdings, Coupon Rate, Maturity
As of 10/31/23Holdings data is unaudited and provided for informational purposes only and is not intended for trading purposes. Portfolio composition is subject to change at any time. The holdings listed should not be considered recommendations to buy or sell a security.
Asset Allocation
Composition | Allocation |
---|
Main Risks
The fund is a newly organized, closed-end management investment company with no operating history and its Common Shares have no history of public trading.
The fund is designed as a long-term investment and not as a vehicle for short-term trading purposes. An investment in the Common Shares may be speculative and it involves ahigh degree of risk. The fund should not constitute a complete investment program. Due to the uncertainty in all investments, there can be no assurance that the fund will achieve its investment objective. Your Common Shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of fund dividends and distributions.
The fund's investments will be concentrated in infrastructure sectors and projects, which may present more risks than if the fund were broadly diversified over numerous sectors of the economy. A downturn in the infrastructure sector would have a larger impact on the fund than on an investment company that does not concentrate in that sector.
Risk Metrics
As of 10/31/23 3-Year Trailing | Standard Deviation | Alpha | Beta | R-Squared | Sharpe Ratio |
---|---|---|---|---|---|
DMB
|
10.26 | -0.13 | 1.56 | 93.90 | -0.69 |
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. Aggregate Bond Index.
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.
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.
Dividend Schedule
Distributions History
RECORD DATE | EX-DIVIDEND DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
TOTAL DISTRIBUTION |
---|---|---|---|---|---|---|
11/09/23 | 11/08/23 | 12/01/23 | 0.0300 | - | 0.0000 | 0.0300 |
RECORD DATE | EX-DIVIDEND DATE | PAYABLE DATE | DIVIDEND INCOME | SHORT-TERM CAPITAL GAIN |
LONG-TERM CAPITAL GAIN |
TOTAL DISTRIBUTION |
---|---|---|---|---|---|---|
10/19/23 | 10/18/23 | 11/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
09/20/23 | 09/19/23 | 10/02/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
08/17/23 | 08/16/23 | 09/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
07/20/23 | 07/19/23 | 08/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
06/20/23 | 06/16/23 | 07/03/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
05/17/23 | 05/16/23 | 06/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
04/20/23 | 04/19/23 | 05/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
03/17/23 | 03/16/23 | 04/03/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
02/17/23 | 02/16/23 | 03/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
01/20/23 | 01/19/23 | 02/01/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
12/19/22 | 12/16/22 | 01/03/23 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
11/10/22 | 11/09/22 | 12/01/22 | 0.0400 | 0.0000 | 0.0000 | 0.0400 |
See all rows... |
Distributions are sourced entirely from net investment income, unless noted otherwise. If the fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, the fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice.
Tax consequences of dividend or capital gain distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. You should not draw any conclusions about the Fund's investment performance from the amount of the fund's distributions. Trading CEFs will also generate tax consequences and transaction expenses. This information is general in nature and is not intended to constitute tax advice. Please consult your own legal or tax advisor for more detailed information on tax issues and advice as they relate to your specific situation.
Literature
Announcements
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DMB DIVIDEND DECLARATION PRESS RELEASE OCTOBER 2023 | Download | Share |
Reports
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Factsheet | Download | Share | ||
Annual Report | Download | Share | ||
Semi Annual Report | Download | Share | ||
1Q Fiscal Holdings | Download | Share | ||
3Q Fiscal Holdings | Download | Share |