
BNY Mellon Intermediate Municipal Bond Fund, Inc. (DITEX)
DITEX Price Chart
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DITEX Fund Profile
Key details and information about BNY Mellon Intermediate Municipal Bond Fund, Inc. (DITEX).
Sector Focus
Financial Services
Industry
Asset Management - Bonds
Inception Date
11 Aug 1983
Country
US
Description
This fund endeavors to achieve the highest possible current income that is exempt from federal income taxation, all while prioritizing the protection of initial investment capital. It allocates a minimum of 80% of its holdings to municipal bonds that, upon acquisition, possess a credit rating of A or superior, or are deemed to be of comparable quality by the adviser if unrated. Up to 20% of the portfolio's assets may be directed towards municipal bonds with a rating below A, encompassing those classified as below investment grade (often referred to as 'high yield' or 'junk' bonds), or their unrated equivalents as assessed by the adviser. The dollar-weighted average maturity for the fund's investments typically spans a period of three to ten years.
DITEX Fund Performance
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