BNY Mellon Municipal IncomeDMF
About: BNY Mellon Municipal Income, Inc. is a non-diversified closed-end management investment company. Its investment objective is to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital. The fund invests in municipal obligations that are rated investment grade and have maturities of less than one year. The company targets to invest in the sector such as education, pre-refunded muni, utility, transportation, healthcare, special tax, state/territory general obligations, industry revenue, and pollution control.
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
7% more capital invested
Capital invested by funds: $81.2M [Q2] → $86.7M (+$5.47M) [Q3]
3.05% more ownership
Funds ownership: 54.32% [Q2] → 57.37% (+3.05%) [Q3]
8% less funds holding
Funds holding: 48 [Q2] → 44 (-4) [Q3]
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for DMF.