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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
    11/06/87
    Fund Assets
    $319,244,954  As of  04/15/24
    Class Assets
    $233,701,987  As of  04/15/24
    Portfolio Turnover Rate
    13.02% As of fiscal year end  12/31/23
    Morningstar Category
    Municipal New Jersey
    Benchmark
    Bloomberg U.S. Municipal Bond Index
    Fund Holdings
    116 As of 03/31/24
    AVERAGE EFFECTIVE MATURITY
    15.55 yr(s).  As of  03/31/24
    AVERAGE EFFECTIVE DURATION
    5.63 yr(s).  As of 03/31/24

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/15/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 03/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 07/01/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    2.90 2.90 2.48 0.81 0.81 05/01/24

    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.

    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.

     

     

    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.

    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.

    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.

    Portfolio Managers

    • Jeffrey  Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since 2012

      Joined Firm in 2009

      Joined Industry in 2000

    • Daniel Barton

      Daniel Barton, CFA

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

      Managing Fund Since 2009

      Joined Firm in 2005

      Joined Industry in 2000


    Total Returns

    Click here to see SALES CHARGE  Max Sales Charge:  4.50%  Front End Load
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DRNJX
    -4.59 -4.59 -1.33 -2.30 0.20 1.92 4.73
    Bloomberg U.S. Municipal Bond Index
    -0.39 -0.39 3.13 -0.41 1.59 2.66 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon New Jersey Municipal Bond Fund, Inc.
    DRNJX
    -4.59 -4.59 -1.33 -2.30 0.20 1.92 4.73
    Bloomberg U.S. Municipal Bond Index
    -0.39 -0.39 3.13 -0.41 1.59 2.66 -

    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.

     

    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.

       

      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%
      Service Fee 0.25%
      Other Expenses 0.11%
      Total Expenses 0.81%
      Net Expenses 0.81%
      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.

      Sales Charge


      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 04/15/24 Name NAV Change 02/01/24  12 Month 
          High Nav
          10/23/23  12 Month 
          Low Nav
          YTD Return
          DRNJX
          $11.72
          $0.00
          0.00%
          $11.91 $10.98 -0.97%

          Past performance is no guarantee of future results.

          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  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          DRNJX
          7.24 -0.50 0.97 99.09 -0.49

          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
          Month/Year Dividend ($)
          03/2024 0.026107222
          02/2024 0.024114131
          01/2024 0.025028031
          12/2023 0.026663210
          11/2023 0.025221870
          10/2023 0.026829788
          09/2023 0.023951325
          08/2023 0.026111790
          07/2023 0.025679858
          06/2023 0.024706885
          05/2023 0.027432615
          04/2023 0.022866875

          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
          03/25/24 03/26/24 03/26/24 - 0.0000 0.0030 0.0000 0.0000 0.0030
          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
          03/28/22 03/29/22 03/29/22 - 0.0000 - 0.0000 0.0295 0.0295
          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
          07/27/04 07/28/04 07/28/04 0.0000 0.0000 0.0181 0.0000 0.0000 0.0181
          07/10/02 07/11/02 07/11/02 0.0000 0.0000 0.0012 0.0000 0.0000 0.0012
          07/17/01 07/18/01 07/18/01 0.0000 0.0000 0.0008 0.0000 0.0000 0.0008
          07/14/99 07/15/99 07/15/99 0.0000 0.0000 0.0042 0.0000 0.0000 0.0365
          12/07/98 12/08/98 12/08/98 0.0000 0.0000 0.0227 0.0000 0.0000 0.0705
          07/06/98 07/07/98 07/07/98 0.0000 0.0000 0.0085 0.0000 0.0000 0.0186
          12/03/97 12/04/97 12/04/97 0.0000 0.0000 0.0256 0.0000 0.0000 0.0613
          08/05/97 08/06/97 08/06/97 0.0000 0.0000 0.0000 0.0000 0.0000 0.0288
          12/04/96 12/05/96 12/05/96 0.0000 0.0000 0.0000 0.0000 0.0000 0.1784
          08/07/96 08/08/96 08/08/96 0.0000 0.0000 0.0000 0.0000 0.0000 0.0506
          12/06/95 12/07/95 12/07/95 0.0000 0.0000 0.0020 0.0000 0.0000 0.0039
          08/30/94 08/31/94 08/31/94 0.0000 0.0000 0.0024 0.0000 0.0000 0.0153
          12/13/93 12/14/93 12/14/93 0.0000 0.0000 0.0000 0.0000 0.0000 0.0217
          11/24/92 11/25/92 11/30/92 0.0000 0.0000 0.0731 0.0000 0.0000 0.1743
          06/25/92 06/26/92 06/30/92 0.0000 0.0000 0.0096 0.0000 0.0000 0.0257
          See all rows...

          Literature

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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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