# EDGAR Filing Document

**Accession Number:** 0000828475
**File Stem:** 0000030146-26-000113
**Filing Date:** 2026-3
**Character Count:** 139165
**Document Hash:** ac3bd78df2c1d429ed4d60b0fa9e25a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000030146-26-000113.hdr.sgml**: 20260303

**ACCESSION NUMBER**: 0000030146-26-000113

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260303

**DATE AS OF CHANGE**: 20260303

**EFFECTIVENESS DATE**: 20260303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON NEW JERSEY MUNICIPAL BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000828475

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05454
- **FILM NUMBER:** 26711540

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS NEW JERSEY MUNICIPAL BOND FUND, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS NEW JERSEY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 20081201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS PREMIER NEW JERSEY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 20030121

## Series and Classes Contracts Data

### BNY Mellon New Jersey Municipal Bond Fund, Inc. (Series ID: S000000091)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000134 | Class A      | DRNJX           |
| C000000136 | Class C      | DCNJX           |
| C000041105 | Class Z      | DZNJX           |
| C000073401 | Class I      | DNMIX           |
| C000130454 | Class Y      | DNJYX           |

?xml version='1.0' encoding='ASCII'? 06407a16-999c-4bcf-82f2-d6a1122d6336

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-05454

#### BNY Mellon New Jersey Municipal Bond Fund, Inc.
(Exact name of registrant as specified in charter)

------

c/o BNY Mellon Investment Adviser, Inc.

240 Greenwich Street

New York, New York 10286

(Address of Principal Executive Officer) (Zip Code)

Deirdre Cunnane, Esq.

240 Greenwich Street

New York, New York 10286

(Name and Address of Agent for Service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(212) 922-6400

#### Date of fiscal year end:

#### 12/31

#### Date of reporting period:

#### 12/31/25
ITEM 1 - Reports to Stockholders

BNY Mellon New Jersey Municipal Bond Fund, Inc.

#### ANNUAL SHAREHOLDER REPORT

#### December 31, 2025

#### Class A – DRNJX
This annual shareholder report contains important information about BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.

#### What were the Fund's costs for the last year ?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class A | $84 | 0.83% |

---

#### How did the Fund perform last year ?
* For the 12-month period ended December 31, 2025, the Fund's Class A shares returned 3.07%.

* In comparison, the Bloomberg U.S. Municipal Bond Index (the "Index") returned 4.25% for the same period.

**What affected the Fund's performance?**

* The municipal bond market was volatile in 2025, with modest full-year gains driven primarily by income generation. Second-half returns did not fully offset earlier price erosion.

* The Fund's relative performance benefited primarily from the outperformance of New Jersey tax-exempt bonds versus the broader market, while an overweight to revenue bonds provided additional support.

* The Fund's modestly longer-duration position relative to the Index detracted most significantly from relative performance, particularly during the early part of the reporting period.

#### How did the Fund perform over the past 10 years?
**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

**Cumulative Performance from January 1 , 2015 through December 31, 2025** 

**Initial Investment of $10,000**

![Fund Performance - Growth of 10K Chart](chartimages_11250530.jpg)

The above graph compares a hypothetical $10,000 investment in the Fund's Class A shares to a hypothetical investment of $10,000 made in the Bloomberg U.S. Municipal Bond Index on 12/31/2015. The performance shown takes into account the maximum initial sales charge on Class A shares and applicable fees and expenses of the Fund, including management fees and other expenses. The Fund's performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest directly in any index.

**AVERAGE ANNUAL TOTAL RETURNS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **Class A Shares** | **1YR** | **5YR** | **10YR** |
| with Maximum Sales Charge - 4.50% | -1.62% | -0.48% | 1.52% |
| without Sales Charge | 3.07% | 0.44% | 1.99% |
| Bloomberg U.S. Municipal Bond Index | 4.25% | 0.80% | 2.34% |

---

**The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/literaturecenter .** 

**KEY FUND STATISTICS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **<br>Fund Size (Millions)** | **<br>Number of Holdings** | **Total Advisory Fee Paid During<br>Period** | **<br>Annual Portfolio Turnover** |
| $286 | 110 | $1336513 | 19.94% |

---

**Portfolio Holdings (as of 12/31/25)**

**Sector Allocation (Based on Net Assets)**

![Graphical Representation - Top N Holdings Chart](chartimages_11250559.jpg)

**For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0750AR1225

![TSR- BNY Investment Logo](images_27695.jpg)

BNY Mellon New Jersey Municipal Bond Fund, Inc.

#### ANNUAL SHAREHOLDER REPORT

#### December 31, 2025

#### Class C – DCNJX
This annual shareholder report contains important information about BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.

#### What were the Fund's costs for the last year ?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class C<sup>\*</sup> | $162 | 1.60% |

---

\* <sup>During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund's investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</sup>

#### How did the Fund perform last year ?
* For the 12-month period ended December 31, 2025, the Fund's Class C shares returned 2.37%. 

* In comparison, the Bloomberg U.S. Municipal Bond Index (the "Index") returned 4.25% for the same period. 

 **What affected the Fund's performance?**

* The municipal bond market was volatile in 2025, with modest full-year gains driven primarily by income generation. Second-half returns did not fully offset earlier price erosion. 

* The Fund's relative performance benefited primarily from the outperformance of New Jersey tax-exempt bonds versus the broader market, while an overweight to revenue bonds provided additional support. 

* The Fund's modestly longer-duration position relative to the Index detracted most significantly from relative performance, particularly during the early part of the reporting period. 

#### How did the Fund perform over the past 10 years?
 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

 **Cumulative Performance from January 1 , 2015 through December 31, 2025** 

 **Initial Investment of $10,000**

![Fund Performance - Growth of 10K Chart](chartimages_11250581.jpg)

The above graph compares a hypothetical $10,000 investment in the Fund's Class C shares to a hypothetical investment of $10,000 made in the Bloomberg U.S. Municipal Bond Index on 12/31/2015. The performance shown takes into account the maximum deferred sales charge on Class C shares and applicable fees and expenses of the Fund, including management fees, 12b-1 fees and other expenses. The Fund's performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest directly in any index.

 **AVERAGE ANNUAL TOTAL RETURNS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **Class C Shares** | **1YR** | **5YR** | **10YR** |
| with Maximum Deferred Sales Charge - 1.00% | 1.37% <sup>\*</sup> | -0.32% | 1.22% |
| without Deferred Sales Charge | 2.37% | -0.32% | 1.22% |
| Bloomberg U.S. Municipal Bond Index | 4.25% | 0.80% | 2.34% |

---

 *<sup>\*</sup> <sup>The maximum contingent deferred sales charge for Class C shares is 1.00% for shares redeemed within one year of the date purchased.</sup>*

 **The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/literaturecenter .**

 **KEY FUND STATISTICS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **Total Advisory Fee Paid During<br> Period** | **<br> Annual Portfolio Turnover** |
| $286 | 110 | $1336513 | 19.94% |

---

 **Portfolio Holdings (as of 12/31/25)**

 **Sector Allocation (Based on Net Assets)**

![Graphical Representation - Top N Holdings Chart](chartimages_11250610.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0769AR1225

![TSR- BNY Investment Logo](images_27695.jpg)

BNY Mellon New Jersey Municipal Bond Fund, Inc.

#### ANNUAL SHAREHOLDER REPORT

#### December 31, 2025

#### Class I – DNMIX
This annual shareholder report contains important information about BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.

#### What were the Fund's costs for the last year ?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class I<sup>\*</sup> | $61 | 0.60% |

---

\* <sup>During the period, fees were waived and/or expenses reimbursed pursuant to an agreement with the Fund's investment adviser, BNY Mellon Investment Adviser, Inc. If this agreement is not extended in the future, expenses could be higher.</sup>

#### How did the Fund perform last year ?
* For the 12-month period ended December 31, 2025, the Fund's Class I shares returned 3.30%. 

* In comparison, the Bloomberg U.S. Municipal Bond Index (the "Index") returned 4.25% for the same period. 

 **What affected the Fund's performance?**

* The municipal bond market was volatile in 2025, with modest full-year gains driven primarily by income generation. Second-half returns did not fully offset earlier price erosion. 

* The Fund's relative performance benefited primarily from the outperformance of New Jersey tax-exempt bonds versus the broader market, while an overweight to revenue bonds provided additional support. 

* The Fund's modestly longer-duration position relative to the Index detracted most significantly from relative performance, particularly during the early part of the reporting period. 

#### How did the Fund perform over the past 10 years?
 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

 **Cumulative Performance from January 1 , 2015 through December 31, 2025** 

 **Initial Investment of $10,000**

![Fund Performance - Growth of 10K Chart](chartimages_11250632.jpg)

The above graph compares a hypothetical $10,000 investment in the Fund's Class I shares to a hypothetical investment of $10,000 made in the Bloomberg U.S. Municipal Bond Index on 12/31/2015. The performance shown takes into account applicable fees and expenses of the Fund, including management fees and other expenses. The Fund's performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest directly in any index.

 **AVERAGE ANNUAL TOTAL RETURNS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **Share Class** | **1YR** | **5YR** | **10YR** |
| Class I | 3.30% | 0.69% | 2.23% |
| Bloomberg U.S. Municipal Bond Index | 4.25% | 0.80% | 2.34% |

---

 **The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/literaturecenter .**

 **KEY FUND STATISTICS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **Total Advisory Fee Paid During<br> Period** | **<br> Annual Portfolio Turnover** |
| $286 | 110 | $1336513 | 19.94% |

---

 **Portfolio Holdings (as of 12/31/25)**

 **Sector Allocation (Based on Net Assets)**

![Graphical Representation - Top N Holdings Chart](chartimages_11250661.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-6107AR1225

![TSR- BNY Investment Logo](images_27695.jpg)

BNY Mellon New Jersey Municipal Bond Fund, Inc.

#### ANNUAL SHAREHOLDER REPORT

#### December 31, 2025

#### Class Y – DNJYX
This annual shareholder report contains important information about BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.

#### What were the Fund's costs for the last year ?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class Y | $56 | 0.55% |

---

#### How did the Fund perform last year ?
* For the 12-month period ended December 31, 2025, the Fund's Class Y shares returned 3.59%.

* In comparison, the Bloomberg U.S. Municipal Bond Index (the "Index") returned 4.25% for the same period.

**What affected the Fund's performance?**

* The municipal bond market was volatile in 2025, with modest full-year gains driven primarily by income generation. Second-half returns did not fully offset earlier price erosion.

* The Fund's relative performance benefited primarily from the outperformance of New Jersey tax-exempt bonds versus the broader market, while an overweight to revenue bonds provided additional support.

* The Fund's modestly longer-duration position relative to the Index detracted most significantly from relative performance, particularly during the early part of the reporting period.

#### How did the Fund perform over the past 10 years?
**The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

**Cumulative Performance from January 1 , 2015 through December 31, 2025** 

**Initial Investment of $1,000,000**

![Fund Performance - Growth of 10K Chart](chartimages_11250683.jpg)

The above graph compares a hypothetical $1,000,000 investment in the Fund's Class Y shares to a hypothetical investment of $1,000,000 made in the Bloomberg U.S. Municipal Bond Index on 12/31/2015. The performance shown takes into account applicable fees and expenses of the Fund, including management fees and other expenses. The Fund's performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest directly in any index.

**AVERAGE ANNUAL TOTAL RETURNS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **Share Class** | **1YR** | **5YR** | **10YR** |
| Class Y | 3.59% | 0.77% | 2.32% |
| Bloomberg U.S. Municipal Bond Index | 4.25% | 0.80% | 2.34% |

---

**The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/literaturecenter .** 

**KEY FUND STATISTICS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **<br>Fund Size (Millions)** | **<br>Number of Holdings** | **Total Advisory Fee Paid During<br>Period** | **<br>Annual Portfolio Turnover** |
| $286 | 110 | $1336513 | 19.94% |

---

**Portfolio Holdings (as of 12/31/25)**

**Sector Allocation (Based on Net Assets)**

![Graphical Representation - Top N Holdings Chart](chartimages_11250712.jpg)

**For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-0770AR1225

![TSR- BNY Investment Logo](images_27695.jpg)

BNY Mellon New Jersey Municipal Bond Fund, Inc.

#### ANNUAL SHAREHOLDER REPORT

#### December 31, 2025

#### Class Z – DZNJX
This annual shareholder report contains important information about BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at bny.com/investments/literaturecenter. You can also request this information by calling 1-800-373-9387 (inside the U.S. only) or by sending an e-mail request to info@bny.com.

#### What were the Fund's costs for the last year ?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Share Class** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class Z | $68 | 0.67% |

---

#### How did the Fund perform last year ?
* For the 12-month period ended December 31, 2025, the Fund's Class Z shares returned 3.33%. 

* In comparison, the Bloomberg U.S. Municipal Bond Index (the "Index") returned 4.25% for the same period. 

 **What affected the Fund's performance?**

* The municipal bond market was volatile in 2025, with modest full-year gains driven primarily by income generation. Second-half returns did not fully offset earlier price erosion. 

* The Fund's relative performance benefited primarily from the outperformance of New Jersey tax-exempt bonds versus the broader market, while an overweight to revenue bonds provided additional support. 

* The Fund's modestly longer-duration position relative to the Index detracted most significantly from relative performance, particularly during the early part of the reporting period. 

#### How did the Fund perform over the past 10 years?
 **The Fund's past performance is not a good predictor of the Fund's future performance.** The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

 **Cumulative Performance from January 1 , 2015 through December 31, 2025** 

 **Initial Investment of $10,000**

![Fund Performance - Growth of 10K Chart](chartimages_11250734.jpg)

The above graph compares a hypothetical $10,000 investment in the Fund's Class Z shares to a hypothetical investment of $10,000 made in the Bloomberg U.S. Municipal Bond Index on 12/31/2015. The performance shown takes into account applicable fees and expenses of the Fund, including management fees and other expenses. The Fund's performance also assumes the reinvestment of dividends and capital gains. Unlike the Fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest directly in any index.

 **AVERAGE ANNUAL TOTAL RETURNS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **Share Class** | **1YR** | **5YR** | **10YR** |
| Class Z | 3.33% | 0.64% | 2.20% |
| Bloomberg U.S. Municipal Bond Index | 4.25% | 0.80% | 2.34% |

---

 **The performance data quoted represent past performance, which is no guarantee of future results. For more current information visit bny.com/investments/literaturecenter .**

 **KEY FUND STATISTICS (AS OF 12/31/25)**

---

| | | | |
|:---|:---|:---|:---|
| **<br> Fund Size (Millions)** | **<br> Number of Holdings** | **Total Advisory Fee Paid During<br> Period** | **<br> Annual Portfolio Turnover** |
| $286 | 110 | $1336513 | 19.94% |

---

 **Portfolio Holdings (as of 12/31/25)**

 **Sector Allocation (Based on Net Assets)**

![Graphical Representation - Top N Holdings Chart](chartimages_11250763.jpg)

 **For additional information about the Fund, including its prospectus, financial information, portfolio holdings and proxy voting information, please visit bny.com/investments/literaturecenter .**

 **Not FDIC Insured. Not Bank-Guaranteed. May Lose Value**© 2026 **BNY Mellon Securities Corporation**, Distributor,

240 Greenwich Street, 9th Floor, New York, NY 10286

Code-6090AR1225

![TSR- BNY Investment Logo](images_27695.jpg)

------

**Item 2.** **Code of Ethics.**

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There have been no amendments to, or waivers in connection with, the Code of Ethics during the period covered by this Report.

**Item 3.** **Audit Committee Financial Expert.**

The Registrant's Board has determined that Gina D. France, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange Commission (the "SEC"). Ms. France is "independent" as defined by the SEC for purposes of audit committee financial expert determinations.

**Item 4.** **Principal Accountant Fees and Services.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Audit Fees</u>. The aggregate fees billed for each of the last two fiscal years (the "Reporting Periods") for professional services rendered by the Registrant's principal accountant (the "Auditor") for the audit of the Registrant's annual financial statements or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $37,666 in 2024 and $38,419 in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Audit-Related Fees</u>. The aggregate fees billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $11,915 in 2024 and $12,060 in 2025. These services consisted of one or more of the following: (i) agreed upon procedures related to compliance with Internal Revenue Code section 817(h), (ii) security counts required by Rule 17f-2 under the Investment Company Act of 1940, as amended, (iii) advisory services as to the accounting or disclosure treatment of Registrant transactions or events and (iv) advisory services to the accounting or disclosure treatment of the actual or potential impact to the Registrant of final or proposed rules, standards or interpretations by the Securities and Exchange Commission, the Financial Accounting Standards Boards or other regulatory or standard-setting bodies.

The aggregate fees billed in the Reporting Periods for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Registrant ("Service Affiliates"), that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit Committee were $0 in 2024 and $0 in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Tax Fees</u>. The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice, and tax planning ("Tax Services") were $3,342 in 2024 and $3,342 in 2025. These services consisted of: (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative developments; (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments held or proposed to be acquired or held, and (iv) determination of Passive Foreign Investment Companies. The aggregate fees billed in the Reporting Periods for Tax Services by the Auditor to Service Affiliates, which required pre-approval by the Audit Committee were $8,860 in 2024 and $9,224 in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>All Other Fees</u>. The aggregate fees billed in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through (c) of this Item, were $2,002 in

2024 and $2,046 in 2025. These services consisted of a review of the Registrant's anti-money laundering program.

The aggregate fees billed in the Reporting Periods for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item, which required pre-approval by the Audit Committee, were $0 in 2024 and $0 in 2025.

(e)(1) <u>Audit Committee Pre-Approval Policies and Procedures</u>. The Registrant's Audit Committee has established policies and procedures (the "Policy") for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates without specific case-by-case consideration. The pre-approved services in the Policy can include pre-approved audit services, pre-approved audit-related services, pre-approved tax services and pre-approved all other services. Pre-approval considerations include whether the proposed services are compatible with maintaining the Auditor's independence. Pre-approvals pursuant to the Policy are considered annually.

(e)(2) <u>Note</u>. None of the services described in paragraphs (b) through (d) of this Item 4 were approved by the Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) None of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.

<u>Non-Audit Fees</u>. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $1,429,804 in 2024 and $2,001,215 in 2025.

<u>Auditor Independence</u>. The Registrant's Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates, which were not pre-approved (not requiring pre-approval), is compatible with maintaining the Auditor's independence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Not applicable.

**Item 5.** **Audit Committee of Listed Registrants.**

Not applicable.

**Item 6.** **Investments.**

Not applicable.

BNY Mellon New Jersey Municipal Bond Fund, Inc.

**ANNUAL FINANCIALS AND OTHER INFORMATION**

December 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Class** | **Ticker** |
| A | DRNJX |
| C | DCNJX |
| I | DNMIX |
| Y | DNJYX |
| Z | DZNJX |

---

![](img6af7d4f61.gif)

------

**Save time. Save paper. View your next shareholder report online as soon as it's available. Log into** www.bny.com/investments **and sign up for eCommunications. It's simple and only takes a few minutes.**

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The views expressed in this report reflect those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser, Inc. organization. Any such views are subject to change at any time based upon market or other conditions and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any fund in the BNY Mellon

Family of Funds.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

------

Contents

The Fund

Please note the Annual Financials and Other Information only contains Items 7-11 required in Form N-CSR. All other required items will be filed with the Securities and Exchange Commission (the "SEC").

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **[Item 7. Financial Statements and Financial Highlights for Open-End Management](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_SOI-Commoncontent-4728_1)**<br> **[Investment Companies](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_SOI-Commoncontent-4728_1)**<br>| 3 |
| [Schedule of Investments](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_SOI-Commoncontent-4728_1) | 3 |
| [Statement of Assets and Liabilities](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_FS-Commoncontent-4728_1) | 7 |
| [Statement of Operations](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_FS-Commoncontent-4728_2) | 8 |
| [Statement of Changes in Net Assets](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_FS-Commoncontent-4728_3) | 9 |
| [Financial Highlights](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_FIHI-Commoncontent-4728_1) | 11 |
| [Notes to Financial Statements](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_NTF-Commoncontent-4728_1) | 16 |
| [Report of Independent Registered Public Accounting Firm](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_AUD-Commoncontent-4728_1) | 21 |
| [Important Tax Information](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_ITI-Commoncontent-4728_1) | 22 |
| **[Item 8. Changes in and Disagreements with Accountants for Open-End Management](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_CDA-Commoncontent-4728_1)**<br> **[Investment Companies](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_CDA-Commoncontent-4728_1)**<br>| 23 |
| **[Item 9. Proxy Disclosures for Open-End Management Investment Companies](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_PRXD-Commoncontent-4728_1)** | 24 |
| **[Item 10. Remuneration Paid to Directors, Officers, and Other of Open-End](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_RMNP-Commoncontent-4728_1)**<br> **[Management Investment Companies](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_RMNP-Commoncontent-4728_1)**<br>| 25 |
| **[Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts](#xx_766cb925-f1ff-4fd5-a61d-203c7d6ddee1_AAA-Commoncontent-4728_1)** | 26 |

---

------

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

BNY Mellon New Jersey Municipal Bond Fund, Inc.

SCHEDULE OF INVESTMENTS

December 31, 2025

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 98.8%** | **Long-Term Municipal Investments — 98.8%** | **Long-Term Municipal Investments — 98.8%** | **Long-Term Municipal Investments — 98.8%** | **Long-Term Municipal Investments — 98.8%** |
| **Delaware — .4%** | **Delaware — .4%** | **Delaware — .4%** | **Delaware — .4%** | **Delaware — .4%** |
| Delaware River & Bay Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2039 | 500000 | 567817 |
| Delaware River & Bay Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2040 | 500000 | 563190 |
|  |  |  |  | **1131007** |
| **New Jersey — 87.4%** | **New Jersey — 87.4%** | **New Jersey — 87.4%** | **New Jersey — 87.4%** | **New Jersey — 87.4%** |
| Casino Reinvestment Development Authority, Inc., Revenue Bonds, Refunding <br> (Insured; ACE Guaranty Corp.) Ser. A<br>| 4.00 | 11/1/2044 | 1500000 | 1432998 |
| East Orange Board Of Education, COP (Insured; Assured Guaranty Corp.)<sup>(a)</sup> <br>| 0.00 | 2/1/2026 | 745000 | 743043 |
| East Orange Board Of Education, COP (Insured; Assured Guaranty Corp.)<sup>(a)</sup> <br>| 0.00 | 2/1/2028 | 2245000 | 2096572 |
| Edison, GO, Refunding | 3.00 | 3/15/2033 | 1365000 | 1364755 |
| Essex County Improvement Authority, Revenue Bonds (Sustainable Bond) | 4.00 | 6/15/2056 | 4560000 | 3890554 |
| Garden Preservation Trust, Revenue Bonds (Insured; Assured Guaranty Corp.) <br> Ser. A<br>| 5.75 | 11/1/2028 | 1715000 | 1815467 |
| Hudson County Improvement Authority, Revenue Bonds (Insured; National <br> Public Finance Guarantee Corp.) Ser. A1<sup>(a)</sup> <br>| 0.00 | 12/15/2034 | 3000000 | 2175539 |
| Hudson County Improvement Authority, Revenue Bonds, Refunding (Insured; <br> County Guaranteed)<br>| 4.00 | 1/1/2036 | 1250000 | 1279099 |
| Hudson County Improvement Authority, Revenue Bonds, Refunding (Insured; <br> County Guaranteed)<br>| 4.00 | 1/1/2037 | 2000000 | 2040331 |
| Jersey City Municipal Utilities Authority, Revenue Bonds, Refunding (Insured; <br> Build America Mutual) Ser. E<br>| 5.75 | 10/15/2055 | 1600000 | 1788115 |
| Jersey Redevelopment Agency, Revenue Bonds (Bayfront Redevelopment <br> Project) (Insured; Municipal Government Guaranteed)<br>| 4.00 | 12/15/2031 | 5000000 | 5341465 |
| Middlesex County Improvement Authority, Revenue Bonds (Rutgers University) | 5.00 | 8/15/2053 | 4000000 | 4160849 |
| New Brunswick Parking Authority, Revenue Bonds, Refunding (Insured; Build <br> America Mutual) Ser. A<br>| 5.00 | 9/1/2035 | 2000000 | 2024811 |
| New Jersey Economic Development Authority, Revenue Bonds (Beloved <br> Community Charter School Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 6/15/2049 | 1105000 | 1046620 |
| New Jersey Economic Development Authority, Revenue Bonds (Beloved <br> Community Charter School Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 6/15/2054 | 725000 | 681932 |
| New Jersey Economic Development Authority, Revenue Bonds (Charter <br> Foundation Academy Charter School Project) Ser. A<br>| 5.00 | 7/1/2050 | 3205000 | 2962640 |
| New Jersey Economic Development Authority, Revenue Bonds (Repauno Port & <br> Rail Terminal Project)<sup>(b)</sup> <br>| 6.63 | 1/1/2045 | 1250000 | 1295486 |
| New Jersey Economic Development Authority, Revenue Bonds (The Goethals) | 5.38 | 1/1/2043 | 3500000 | 3503665 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (New <br> Jersey Natural Gas Company Project)<sup>(c)</sup> <br>| 2.45 | 4/1/2026 | 2250000 | 2244660 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (New <br> Jersey Natural Gas Company Project)<br>| 3.00 | 8/1/2043 | 3500000 | 2810425 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (New <br> Jersey Natural Gas Company Project)<br>| 3.50 | 4/1/2042 | 2000000 | 1759514 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (New <br> Jersey-American Water Co.)<sup>(c)</sup> <br>| 3.75 | 6/1/2028 | 500000 | 505953 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (New <br> Jersey-American Water Co.) Ser. A<sup>(c)</sup> <br>| 2.20 | 12/3/2029 | 3000000 | 2834980 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding (Port <br> Newark Container Terminal)<br>| 5.00 | 10/1/2047 | 6000000 | 6002366 |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding <br> (Provident Group-Montclair Properties) (Insured; Assured Guaranty Corp.)<br>| 5.00 | 6/1/2042 | 1000000 | 1012478 |

---

**3**

------

SCHEDULE OF INVESTMENTS (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** |
| **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** |
| New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. <br> A<br>| 5.00 | 7/1/2033 | 845000 | 859637 |
| New Jersey Educational Facilities Authority, Revenue Bonds (Insured; Assured <br> Guaranty Corp.) Ser. C<br>| 4.00 | 7/1/2050 | 1000000 | 941918 |
| New Jersey Educational Facilities Authority, Revenue Bonds (Sustainable Bond) <br> Ser. A<br>| 4.00 | 7/1/2050 | 3000000 | 2638600 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Ser. A | 4.63 | 9/1/2048 | 2500000 | 2542920 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Ser. A2 | 5.00 | 3/1/2040 | 5000000 | 5620242 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding <br> (Ramapo College of New Jersey) (Insured; Assured Guaranty Corp.) Ser. A<br>| 4.00 | 7/1/2052 | 650000 | 607959 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding <br> (Ramapo College of New Jersey) (Insured; Assured Guaranty Corp.) Ser. A<br>| 5.00 | 7/1/2034 | 1000000 | 1029844 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding <br> (Stockton University) (Insured; Assured Guaranty Corp.) Ser. A<br>| 5.00 | 7/1/2035 | 1600000 | 1610370 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding (The <br> College of New Jersey) Ser. F<br>| 4.00 | 7/1/2035 | 1365000 | 1368418 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding (The <br> William Paterson University) Ser. C<br>| 5.00 | 7/1/2029 | 2130000 | 2132358 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding (The <br> William Paterson University) (Insured; Build America Mutual) Ser. E<br>| 5.00 | 7/1/2030 | 2025000 | 2045913 |
| New Jersey Educational Facilities Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 7/1/2030 | 2255000 | 2257481 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds <br> (AtlantiCare Health System Obligated Group)<br>| 4.00 | 7/1/2035 | 750000 | 780131 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds (RWJ <br> Barnabas Health Obligated Group)<br>| 4.00 | 7/1/2051 | 9000000 | 8256353 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds (RWJ <br> Barnabas Health Obligated Group) Ser. A<br>| 4.25 | 7/1/2054 | 1000000 | 966823 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds (Valley <br> Health System Obligated Group)<br>| 4.00 | 7/1/2035 | 1000000 | 1020546 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds (Valley <br> Health System Obligated Group)<br>| 5.00 | 7/1/2034 | 2000000 | 2135452 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (AHS Hospital Corp.)<br>| 4.00 | 7/1/2041 | 7500000 | 7457180 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (Hackensack Meridian Health Obligated Group) Ser. A<br>| 5.00 | 7/1/2039 | 1500000 | 1537168 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (Inspira Health Obligated Group) Ser. A<br>| 4.13 | 7/1/2054 | 2565000 | 2339682 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (Inspira Health Obligated Group) Ser. A<br>| 5.25 | 7/1/2049 | 2940000 | 3130428 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (Princeton Healthcare System)<br>| 5.00 | 7/1/2039 | 2000000 | 2014310 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (RWJ Barnabas Health Obligated Group) Ser. B3<sup>(c)</sup> <br>| 5.00 | 7/1/2026 | 6000000 | 6068939 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (St. Joseph's Healthcare System Obligated Group)<br>| 5.00 | 7/1/2036 | 2790000 | 2798155 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding (St. Joseph's Healthcare System Obligated Group)<br>| 5.00 | 7/1/2041 | 1000000 | 1001883 |
| New Jersey Health Care Facilities Financing Authority, Revenue Bonds, <br> Refunding, Ser. A<br>| 4.00 | 7/1/2041 | 2250000 | 2251039 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. <br> 1A<br>| 5.00 | 12/1/2027 | 1050000 | 1066380 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. <br> B<br>| 4.00 | 12/1/2044 | 2580000 | 2487334 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** |
| **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. <br> B<br>| 4.25 | 12/1/2045 | 1000000 | 999721 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. <br> B<br>| 5.00 | 12/1/2028 | 1450000 | 1520428 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Ser. <br> C<br>| 5.25 | 12/1/2054 | 2000000 | 2017104 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, <br> Refunding, Ser. B<br>| 5.00 | 12/1/2030 | 1575000 | 1687870 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, <br> Refunding, Ser. C<br>| 3.63 | 12/1/2049 | 2750000 | 2103862 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds (Sustainable <br> Bond) Ser. H<br>| 5.00 | 4/1/2028 | 325000 | 340225 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds (Sustainable <br> Bond) Ser. H<br>| 5.00 | 10/1/2028 | 485000 | 512715 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds (Sustainable <br> Bond) (Insured; HUD SECT 8) Ser. A<br>| 4.55 | 5/1/2055 | 810000 | 810136 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds (Sustainable <br> Bond) (Insured; HUD SECT 8) Ser. E1<br>| 4.55 | 5/1/2055 | 1400000 | 1403125 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds, Refunding, <br> Ser. A<br>| 3.75 | 10/1/2035 | 1235000 | 1236847 |
| New Jersey Infrastructure Bank, Revenue Bonds (Sustainable Bond) | 3.00 | 9/1/2038 | 3075000 | 2831475 |
| New Jersey Institute of Technology, Revenue Bonds, Refunding (Insured; Build <br> America Mutual) Ser. A<br>| 5.00 | 7/1/2028 | 500000 | 529745 |
| New Jersey Institute of Technology, Revenue Bonds, Refunding (Insured; Build <br> America Mutual) Ser. A<br>| 5.00 | 7/1/2032 | 325000 | 371385 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds Ser. AA | 5.00 | 6/15/2055 | 2000000 | 2052520 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds (Insured; <br> Build America Mutual) Ser. A<sup>(a)</sup> <br>| 0.00 | 12/15/2028 | 12000000 | 11038684 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds (Insured; <br> Build America Mutual) Ser. A<sup>(a)</sup> <br>| 0.00 | 12/15/2038 | 6330000 | 3921805 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA | 3.00 | 6/15/2050 | 5000000 | 3681893 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA<sup>(d)</sup> <br>| 5.00 | 12/15/2030 | 325000 | 364989 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. B | 5.00 | 6/15/2032 | 1725000 | 1918588 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. BB | 4.00 | 6/15/2046 | 1000000 | 934933 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. CC | 5.25 | 6/15/2055 | 3000000 | 3129556 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, <br> Ser. AA<br>| 5.00 | 6/15/2042 | 15000000 | 16227348 |
| New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, <br> Ser. AA<br>| 5.25 | 6/15/2041 | 1000000 | 1114470 |
| New Jersey Turnpike Authority, Revenue Bonds, Ser. A | 4.00 | 1/1/2048 | 5000000 | 4745762 |
| New Jersey Turnpike Authority, Revenue Bonds, Ser. A | 5.25 | 1/1/2050 | 8800000 | 9465139 |
| New Jersey Turnpike Authority, Revenue Bonds, Ser. A | 5.25 | 1/1/2055 | 3370000 | 3612934 |
| New Jersey Turnpike Authority, Revenue Bonds, Ser. B | 5.25 | 1/1/2052 | 3570000 | 3767214 |
| New Jersey Turnpike Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2040 | 1000000 | 1028955 |
| Ocean County, GO, Ser. A | 3.00 | 8/1/2033 | 2145000 | 2147794 |
| South Jersey Port Corp., Revenue Bonds, Ser. B | 5.00 | 1/1/2048 | 1830000 | 1830168 |
| South Jersey Transportation Authority, Revenue Bonds | 4.63 | 11/1/2047 | 3000000 | 2987647 |
| South Jersey Transportation Authority, Revenue Bonds, Ser. A | 4.00 | 11/1/2050 | 1000000 | 882562 |
| The Camden County Improvement Authority, Revenue Bonds, Refunding <br> (Rowan University Foundation Project) (Insured; Build America Mutual) Ser. <br> A<br>| 5.00 | 7/1/2035 | 5165000 | 5606269 |
| The Gloucester County Improvement Authority, Revenue Bonds (Rowan <br> University Project) (Insured; Build America Mutual)<br>| 5.00 | 7/1/2054 | 700000 | 722050 |

---

**5**

------

SCHEDULE OF INVESTMENTS (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** | **Long-Term Municipal Investments — 98.8% (continued)** |
| **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** | **New Jersey — 87.4% (continued)** |
| The Rahway Valley Sewerage Authority, Revenue Bonds (Insured; National <br> Public Finance Guarantee Corp.) Ser. A<sup>(a)</sup> <br>| 0.00 | 9/1/2030 | 7550000 | 6565031 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2046 | 5045000 | 4973012 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.25 | 6/1/2046 | 9345000 | 9321635 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. B | 5.00 | 6/1/2046 | 4385000 | 4262890 |
| Union County Improvement Authority, Revenue Bonds (Union County <br> Administration Complex Project) (Insured; County Guaranteed)<br>| 4.13 | 4/15/2054 | 1700000 | 1646164 |
|  |  |  |  | **250096430** |
| **New York — 7.5%** | **New York — 7.5%** | **New York — 7.5%** | **New York — 7.5%** | **New York — 7.5%** |
| Port Authority of New York & New Jersey, Revenue Bonds, Ser. 93 | 6.13 | 6/1/2094 | 3000000 | 3005108 |
| Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 197 | 5.00 | 11/15/2033 | 7000000 | 7095510 |
| Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 212 | 4.00 | 9/1/2038 | 2000000 | 2031740 |
| Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 223 | 4.00 | 7/15/2061 | 5000000 | 4300455 |
| Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 236 | 5.00 | 1/15/2052 | 1000000 | 1011409 |
| Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 245 | 5.00 | 9/1/2054 | 3790000 | 3958595 |
|  |  |  |  | **21402817** |
| **Pennsylvania — .8%** | **Pennsylvania — .8%** | **Pennsylvania — .8%** | **Pennsylvania — .8%** | **Pennsylvania — .8%** |
| Delaware River Joint Toll Bridge Commission, Revenue Bonds, Refunding, Ser. B | 5.00 | 7/1/2032 | 1000000 | 1081877 |
| Delaware River Port Authority, Revenue Bonds, Ser. A | 5.00 | 1/1/2038 | 1200000 | 1258400 |
|  |  |  |  | **2340277** |
| **U.S. Related — 2.7%** | **U.S. Related — 2.7%** | **U.S. Related — 2.7%** | **U.S. Related — 2.7%** | **U.S. Related — 2.7%** |
| Guam, Revenue Bonds, Refunding, Ser. G | 5.25 | 1/1/2039 | 900000 | 986870 |
| Guam, Revenue Bonds, Refunding, Ser. G | 5.25 | 1/1/2040 | 1000000 | 1086022 |
| Guam Government Waterworks Authority, Revenue Bonds, Ser. A | 5.50 | 7/1/2043 | 750000 | 812083 |
| Guam Government Waterworks Authority, Revenue Bonds, Ser. A | 5.50 | 7/1/2044 | 1000000 | 1073719 |
| Guam Government Waterworks Authority, Revenue Bonds, Ser. A | 5.50 | 7/1/2045 | 1000000 | 1066645 |
| Guam Government Waterworks Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2045 | 1000000 | 1026107 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2027 | 1000000 | 1021519 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2029 | 650000 | 688962 |
|  |  |  |  | **7761927** |
| **Total Investments** (cost $287,968,055) | **Total Investments** (cost $287,968,055) |  | **98.8%** | **282732458** |
| **Cash and Receivables (Net)** | **Cash and Receivables (Net)** |  | **1.2%** | **3323217** |
| **Net Assets**  | **Net Assets**  | **Net Assets**  | **100.0%** | **286055675** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

COP—Certificate of Participation <br> GO—Government Obligation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security issued with a zero coupon. Income is recognized through the accretion of discount.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2025, these securities amounted to $3,024,038 or 1.1% of net assets. 

<sup>(c)</sup> These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.

<sup>(d)</sup> These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date. 

See notes to financial statements.

**6**

------

STATEMENT OF ASSETS AND LIABILITIES

December 31, 2025

---

| | | |
|:---|:---|:---|
|  | Cost | Value |
| **Assets ($):** |  |  |
| Investments in securities—See Schedule of Investments | 287968055 | &nbsp;&nbsp;&nbsp;&nbsp; 282732458 |
| Cash |  | &nbsp;&nbsp;&nbsp;&nbsp; 426519 |
| Interest receivable |  | &nbsp;&nbsp;&nbsp;&nbsp; 3737192 |
| Receivable for shares of Common Stock subscribed |  | &nbsp;&nbsp;&nbsp;&nbsp; 53699 |
| Prepaid expenses |  | &nbsp;&nbsp;&nbsp;&nbsp; 35979 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **286985847** |
| **Liabilities ($):** |  |  |
| Due to BNY Mellon Investment Adviser, Inc. and affiliates—Note 3(c)  |  | &nbsp;&nbsp;&nbsp;&nbsp; 186593 |
| Payable for shares of Common Stock redeemed |  | &nbsp;&nbsp;&nbsp;&nbsp; 658384 |
| Directors' fees and expenses payable |  | &nbsp;&nbsp;&nbsp;&nbsp; 257 |
| Other accrued expenses |  | &nbsp;&nbsp;&nbsp;&nbsp; 84938 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **930172** |
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **286055675** |
| **Composition of Net Assets ($):** |  |  |
| Paid-in capital |  | &nbsp;&nbsp;&nbsp;&nbsp; 294716387 |
| Total distributable earnings (loss) |  | &nbsp;&nbsp;&nbsp;&nbsp; (8660712)<br>|
| **Net Assets ($)** |  | &nbsp;&nbsp;&nbsp;&nbsp; **286055675** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Net Asset Value Per Share** | Class A | Class C | Class I | Class Y | Class Z |
| Net Assets ($) | &nbsp;&nbsp;&nbsp;&nbsp; 206579059 | &nbsp;&nbsp;&nbsp;&nbsp; 295361 | &nbsp;&nbsp;&nbsp;&nbsp; 19054111 | &nbsp;&nbsp;&nbsp;&nbsp; 928 | &nbsp;&nbsp;&nbsp;&nbsp; 60126216 |
| Shares Outstanding | &nbsp;&nbsp;&nbsp;&nbsp; 17500540 | &nbsp;&nbsp;&nbsp;&nbsp; 25053 | &nbsp;&nbsp;&nbsp;&nbsp; 1614153 | &nbsp;&nbsp;&nbsp;&nbsp;78.31 | &nbsp;&nbsp;&nbsp;&nbsp; 5093165 |
| **Net Asset Value Per Share ($)** | &nbsp;&nbsp;&nbsp;&nbsp;**11.80** | &nbsp;&nbsp;&nbsp;&nbsp;**11.79** | &nbsp;&nbsp;&nbsp;&nbsp;**11.80** | &nbsp;&nbsp;&nbsp;&nbsp;**11.85** | &nbsp;&nbsp;&nbsp;&nbsp;**11.81** |

---

See notes to financial statements.

**7**

------

STATEMENT OF OPERATIONS

Year Ended December 31, 2025

---

| | |
|:---|:---|
| **Investment Income ($):** |  |
| **Interest Income** | &nbsp;&nbsp;&nbsp;&nbsp; **10967329** |
| **Expenses:** |  |
| Management fee—Note 3(a)  | &nbsp;&nbsp;&nbsp;&nbsp; 1336513 |
| Shareholder servicing costs—Note 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 712504 |
| Professional fees | &nbsp;&nbsp;&nbsp;&nbsp; 94562 |
| Registration fees | &nbsp;&nbsp;&nbsp;&nbsp; 74014 |
| Chief Compliance Officer fees—Note 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 24661 |
| Directors' fees and expenses—Note 3(d)  | &nbsp;&nbsp;&nbsp;&nbsp; 24642 |
| Shareholder and regulatory reports service fees—Note 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 17167 |
| Prospectus and shareholders' reports | &nbsp;&nbsp;&nbsp;&nbsp; 16457 |
| Loan commitment fees—Note 2  | &nbsp;&nbsp;&nbsp;&nbsp; 6832 |
| Custodian fees—Note 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; 4285 |
| Distribution Plan fees—Note 3(b)  | &nbsp;&nbsp;&nbsp;&nbsp; 2219 |
| Miscellaneous | &nbsp;&nbsp;&nbsp;&nbsp; 33657 |
| **Total Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **2347513** |
| Less—reduction in expenses due to undertaking—Note 3(a)  | &nbsp;&nbsp;&nbsp;&nbsp; (1684)<br>|
| Less—reduction in fees due to earnings credits—Note 3(c)  | &nbsp;&nbsp;&nbsp;&nbsp; (11165)<br>|
| **Net Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; **2334664** |
| **Net Investment Income** | &nbsp;&nbsp;&nbsp;&nbsp; **8632665** |
| **Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):** |  |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; (2462233)<br>|
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 2672873 |
| **Net Realized and Unrealized Gain (Loss) on Investments** | &nbsp;&nbsp;&nbsp;&nbsp; **210640** |
| **Net Increase in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **8843305** |

---

See notes to financial statements.

**8**

------

STATEMENT OF CHANGES IN NET ASSETS

---

| | | |
|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, |
|  | 2025 | 2024 |
| **Operations ($):** |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; 8632665 | &nbsp;&nbsp;&nbsp;&nbsp; 8606364 |
| Net realized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; (2462233) | &nbsp;&nbsp;&nbsp;&nbsp; (654762) |
| Net change in unrealized appreciation (depreciation) on investments | &nbsp;&nbsp;&nbsp;&nbsp; 2672873 | &nbsp;&nbsp;&nbsp;&nbsp; (2768909) |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | &nbsp;&nbsp;&nbsp;&nbsp; **8843305** | &nbsp;&nbsp;&nbsp;&nbsp; **5182693** |
| **Distributions ($):** |  |  |
| Distributions to shareholders: |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp; (6185544) | &nbsp;&nbsp;&nbsp;&nbsp; (6207494) |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp; (6182) | &nbsp;&nbsp;&nbsp;&nbsp; (7932) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (593715) | &nbsp;&nbsp;&nbsp;&nbsp; (556345) |
| Class Y | &nbsp;&nbsp;&nbsp;&nbsp;(30) | &nbsp;&nbsp;&nbsp;&nbsp;(28) |
| Class Z | &nbsp;&nbsp;&nbsp;&nbsp; (1826055) | &nbsp;&nbsp;&nbsp;&nbsp; (1825960) |
| **Total Distributions** | &nbsp;&nbsp;&nbsp;&nbsp; **(8611526)** | &nbsp;&nbsp;&nbsp;&nbsp; **(8597759)** |
| **Capital Stock Transactions ($):** |  |  |
| Net proceeds from shares sold: |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp; 12480048 | &nbsp;&nbsp;&nbsp;&nbsp; 15125144 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp; 139211 | &nbsp;&nbsp;&nbsp;&nbsp; 8200 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 5536307 | &nbsp;&nbsp;&nbsp;&nbsp; 5107191 |
| Class Z | &nbsp;&nbsp;&nbsp;&nbsp; 2273520 | &nbsp;&nbsp;&nbsp;&nbsp; 2737690 |
| Distributions reinvested: |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp; 4826200 | &nbsp;&nbsp;&nbsp;&nbsp; 4898537 |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp; 6182 | &nbsp;&nbsp;&nbsp;&nbsp; 7920 |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; 592419 | &nbsp;&nbsp;&nbsp;&nbsp; 555479 |
| Class Z | &nbsp;&nbsp;&nbsp;&nbsp; 1494093 | &nbsp;&nbsp;&nbsp;&nbsp; 1502013 |
| Cost of shares redeemed: |  |  |
| Class A | &nbsp;&nbsp;&nbsp;&nbsp; (43459868) | &nbsp;&nbsp;&nbsp;&nbsp; (25925069) |
| Class C | &nbsp;&nbsp;&nbsp;&nbsp; (158546) | &nbsp;&nbsp;&nbsp;&nbsp; (277716) |
| Class I | &nbsp;&nbsp;&nbsp;&nbsp; (5630063) | &nbsp;&nbsp;&nbsp;&nbsp; (5983102) |
| Class Z | &nbsp;&nbsp;&nbsp;&nbsp; (7227620) | &nbsp;&nbsp;&nbsp;&nbsp; (7607137) |
| **Increase (Decrease) in Net Assets from Capital Stock Transactions** | &nbsp;&nbsp;&nbsp;&nbsp; **(29128117)** | &nbsp;&nbsp;&nbsp;&nbsp; **(9850850)** |
| **Total Increase (Decrease) in Net Assets** | &nbsp;&nbsp;&nbsp;&nbsp; **(28896338)** | &nbsp;&nbsp;&nbsp;&nbsp; **(13265916)** |
| **Net Assets ($):** |  |  |
| Beginning of Period | &nbsp;&nbsp;&nbsp;&nbsp; 314952013 | &nbsp;&nbsp;&nbsp;&nbsp; 328217929 |
| **End of Period** | &nbsp;&nbsp;&nbsp;&nbsp; **286055675** | &nbsp;&nbsp;&nbsp;&nbsp; **314952013** |

---

**9**

------

STATEMENT OF CHANGES IN NET ASSETS (continued)

---

| | | |
|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, |
|  | 2025 | 2024 |
| **Capital Share Transactions (Shares):** |  |  |
| **Class A**<sup>(a)</sup> <br>|  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 1082582 | &nbsp;&nbsp;&nbsp;&nbsp; 1276631 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 415691 | &nbsp;&nbsp;&nbsp;&nbsp; 415142 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (3748245) | &nbsp;&nbsp;&nbsp;&nbsp; (2195344) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(2249972)** | &nbsp;&nbsp;&nbsp;&nbsp; **(503571)** |
| **Class C** |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 11909 | &nbsp;&nbsp;&nbsp;&nbsp; 697 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 532 | &nbsp;&nbsp;&nbsp;&nbsp; 672 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (13524) | &nbsp;&nbsp;&nbsp;&nbsp; (23733) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(1083)** | &nbsp;&nbsp;&nbsp;&nbsp; **(22364)** |
| **Class I**<sup>(a)</sup> <br>|  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 474254 | &nbsp;&nbsp;&nbsp;&nbsp; 432054 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 51033 | &nbsp;&nbsp;&nbsp;&nbsp; 47083 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (484610) | &nbsp;&nbsp;&nbsp;&nbsp; (506398) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **40677** | &nbsp;&nbsp;&nbsp;&nbsp; **(27261)** |
| **Class Z** |  |  |
| Shares sold | &nbsp;&nbsp;&nbsp;&nbsp; 197765 | &nbsp;&nbsp;&nbsp;&nbsp; 231619 |
| Shares issued for distributions reinvested | &nbsp;&nbsp;&nbsp;&nbsp; 128652 | &nbsp;&nbsp;&nbsp;&nbsp; 127297 |
| Shares redeemed | &nbsp;&nbsp;&nbsp;&nbsp; (624136) | &nbsp;&nbsp;&nbsp;&nbsp; (645305) |
| **Net Increase (Decrease) in Shares Outstanding** | &nbsp;&nbsp;&nbsp;&nbsp; **(297719)** | &nbsp;&nbsp;&nbsp;&nbsp; **(286389)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> During the period ended December 31, 2024, 20,644 Class A shares representing $244,152 were exchanged for 20,656 Class I shares.

See notes to financial statements.

**10**

------

FINANCIAL HIGHLIGHTS

The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share. Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, |
| **Class A Shares** | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.52 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 | &nbsp;&nbsp;&nbsp;&nbsp;13.14 |
| Investment Operations: | Investment Operations: |  |  |  |  |
| Net investment income<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .33 | &nbsp;&nbsp;&nbsp;&nbsp; .31 | &nbsp;&nbsp;&nbsp;&nbsp; .30 | &nbsp;&nbsp;&nbsp;&nbsp; .29 | &nbsp;&nbsp;&nbsp;&nbsp; .29 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; .02 | &nbsp;&nbsp;&nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; (1.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.08)<br>|
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp; .35 | &nbsp;&nbsp;&nbsp;&nbsp; .19 | &nbsp;&nbsp;&nbsp;&nbsp; .68 | &nbsp;&nbsp;&nbsp;&nbsp; (1.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .21 |
| Distributions: |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.29)<br>|
| Dividends from net realized gain on investments | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.00 )<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.29)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;11.80 | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.52 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 |
| **Total Return (%)**<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;3.07 | &nbsp;&nbsp;&nbsp;&nbsp;1.64 | &nbsp;&nbsp;&nbsp;&nbsp;6.04 | &nbsp;&nbsp;&nbsp;&nbsp; (9.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.60 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .84 | &nbsp;&nbsp;&nbsp;&nbsp; .83 | &nbsp;&nbsp;&nbsp;&nbsp; .90 | &nbsp;&nbsp;&nbsp;&nbsp; .96 | &nbsp;&nbsp;&nbsp;&nbsp; .95 |
| Ratio of net expenses to average net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .83 | &nbsp;&nbsp;&nbsp;&nbsp; .83 | &nbsp;&nbsp;&nbsp;&nbsp; .83 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .85 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .85 <br><sup>(e)</sup><br>|
| Ratio of net investment income to average net assets<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;2.86 | &nbsp;&nbsp;&nbsp;&nbsp;2.65 | &nbsp;&nbsp;&nbsp;&nbsp; 2.60 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42 <br><sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.21 <br><sup>(e)</sup><br>|
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;19.94 | &nbsp;&nbsp;&nbsp;&nbsp;20.81 | &nbsp;&nbsp;&nbsp;&nbsp;13.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;10.36 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 206579 | &nbsp;&nbsp;&nbsp;&nbsp; 232614 | &nbsp;&nbsp;&nbsp;&nbsp; 241026 | &nbsp;&nbsp;&nbsp;&nbsp; 253884 | &nbsp;&nbsp;&nbsp;&nbsp; 310130 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Amount represents less than $.01 per share.

<sup>(c)</sup> Exclusive of sales charge.

<sup>(d)</sup> Amount inclusive of reduction in fees due to earnings credits.

<sup>(e)</sup> Amount inclusive of reduction in expenses due to undertaking.

See notes to financial statements.

**11**

------

FINANCIAL HIGHLIGHTS (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, |
| **Class C Shares** | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;11.76 | &nbsp;&nbsp;&nbsp;&nbsp;11.89 | &nbsp;&nbsp;&nbsp;&nbsp;11.51 | &nbsp;&nbsp;&nbsp;&nbsp;13.05 | &nbsp;&nbsp;&nbsp;&nbsp;13.13 |
| Investment Operations: | Investment Operations: |  |  |  |  |
| Net investment income<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .24 | &nbsp;&nbsp;&nbsp;&nbsp; .22 | &nbsp;&nbsp;&nbsp;&nbsp; .21 | &nbsp;&nbsp;&nbsp;&nbsp; .19 | &nbsp;&nbsp;&nbsp;&nbsp; .19 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; .03 | &nbsp;&nbsp;&nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; (1.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.08)<br>|
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp; .27 | &nbsp;&nbsp;&nbsp;&nbsp; .09 | &nbsp;&nbsp;&nbsp;&nbsp; .59 | &nbsp;&nbsp;&nbsp;&nbsp; (1.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .11 |
| Distributions: |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.19)<br>|
| Dividends from net realized gain on investments | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.00 )<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.19)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;11.79 | &nbsp;&nbsp;&nbsp;&nbsp;11.76 | &nbsp;&nbsp;&nbsp;&nbsp;11.89 | &nbsp;&nbsp;&nbsp;&nbsp;11.51 | &nbsp;&nbsp;&nbsp;&nbsp;13.05 |
| **Total Return (%)**<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;2.37 | &nbsp;&nbsp;&nbsp;&nbsp; .77 | &nbsp;&nbsp;&nbsp;&nbsp;5.24 | &nbsp;&nbsp;&nbsp;&nbsp; (10.10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .84 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp;1.96 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | &nbsp;&nbsp;&nbsp;&nbsp;1.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.92 | &nbsp;&nbsp;&nbsp;&nbsp;1.84 |
| Ratio of net expenses to average net assets<sup>(d),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;1.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.58 | &nbsp;&nbsp;&nbsp;&nbsp;1.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.60 |
| Ratio of net investment income to average net assets<sup>(d),(e)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | &nbsp;&nbsp;&nbsp;&nbsp;1.84 | &nbsp;&nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;&nbsp;&nbsp;1.46 |
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;19.94 | &nbsp;&nbsp;&nbsp;&nbsp;20.81 | &nbsp;&nbsp;&nbsp;&nbsp;13.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;10.36 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 295 | &nbsp;&nbsp;&nbsp;&nbsp; 307 | &nbsp;&nbsp;&nbsp;&nbsp; 577 | &nbsp;&nbsp;&nbsp;&nbsp; 699 | &nbsp;&nbsp;&nbsp;&nbsp; 1035 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Amount represents less than $.01 per share.

<sup>(c)</sup> Exclusive of sales charge.

<sup>(d)</sup> Amount inclusive of reduction in fees due to earnings credits.

<sup>(e)</sup> Amount inclusive of reduction in expenses due to undertaking.

See notes to financial statements.

**12**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, |
| **Class I Shares** | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.52 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 | &nbsp;&nbsp;&nbsp;&nbsp;13.14 |
| Investment Operations: | Investment Operations: |  |  |  |  |
| Net investment income<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .34 | &nbsp;&nbsp;&nbsp;&nbsp; .33 | &nbsp;&nbsp;&nbsp;&nbsp; .32 | &nbsp;&nbsp;&nbsp;&nbsp; .32 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; .02 | &nbsp;&nbsp;&nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; (1.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.08)<br>|
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; .22 | &nbsp;&nbsp;&nbsp;&nbsp; .71 | &nbsp;&nbsp;&nbsp;&nbsp; (1.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .24 |
| Distributions: |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>|
| Dividends from net realized gain on investments | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.00 )<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;11.80 | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.52 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp;3.30 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | &nbsp;&nbsp;&nbsp;&nbsp;6.30 | &nbsp;&nbsp;&nbsp;&nbsp; (9.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.85 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .60 | &nbsp;&nbsp;&nbsp;&nbsp; .60 | &nbsp;&nbsp;&nbsp;&nbsp; .66 | &nbsp;&nbsp;&nbsp;&nbsp; .72 | &nbsp;&nbsp;&nbsp;&nbsp; .72 |
| Ratio of net expenses to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .59 | &nbsp;&nbsp;&nbsp;&nbsp; .58 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br><sup>(d)</sup><br>|
| Ratio of net investment income to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.09 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;2.88 | &nbsp;&nbsp;&nbsp;&nbsp; 2.84 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.66 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.45 <br><sup>(d)</sup><br>|
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;19.94 | &nbsp;&nbsp;&nbsp;&nbsp;20.81 | &nbsp;&nbsp;&nbsp;&nbsp;13.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;10.36 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 19054 | &nbsp;&nbsp;&nbsp;&nbsp; 18532 | &nbsp;&nbsp;&nbsp;&nbsp; 19049 | &nbsp;&nbsp;&nbsp;&nbsp; 18216 | &nbsp;&nbsp;&nbsp;&nbsp; 18535 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Amount represents less than $.01 per share.

<sup>(c)</sup> Amount inclusive of reduction in fees due to earnings credits.

<sup>(d)</sup> Amount inclusive of reduction in expenses due to undertaking.

See notes to financial statements.

**13**

------

FINANCIAL HIGHLIGHTS (continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, |
| **Class Y Shares** | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;11.82 | &nbsp;&nbsp;&nbsp;&nbsp;11.95 | &nbsp;&nbsp;&nbsp;&nbsp;11.57 | &nbsp;&nbsp;&nbsp;&nbsp;13.11 | &nbsp;&nbsp;&nbsp;&nbsp;13.19 |
| Investment Operations: | Investment Operations: |  |  |  |  |
| Net investment income<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .37 | &nbsp;&nbsp;&nbsp;&nbsp; .36 | &nbsp;&nbsp;&nbsp;&nbsp; .34 | &nbsp;&nbsp;&nbsp;&nbsp; .32 | &nbsp;&nbsp;&nbsp;&nbsp; .32 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; .04 | &nbsp;&nbsp;&nbsp;&nbsp; (.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; (1.51)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.08)<br>|
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp; .41 | &nbsp;&nbsp;&nbsp;&nbsp; .23 | &nbsp;&nbsp;&nbsp;&nbsp; .72 | &nbsp;&nbsp;&nbsp;&nbsp; (1.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .24 |
| Distributions: |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>|
| Dividends from net realized gain on investments | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.00 )<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;11.85 | &nbsp;&nbsp;&nbsp;&nbsp;11.82 | &nbsp;&nbsp;&nbsp;&nbsp;11.95 | &nbsp;&nbsp;&nbsp;&nbsp;11.57 | &nbsp;&nbsp;&nbsp;&nbsp;13.11 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp;3.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.93 | &nbsp;&nbsp;&nbsp;&nbsp;6.36 | &nbsp;&nbsp;&nbsp;&nbsp; (9.08)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.75 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .55 | &nbsp;&nbsp;&nbsp;&nbsp; .56 | &nbsp;&nbsp;&nbsp;&nbsp; .66 | &nbsp;&nbsp;&nbsp;&nbsp; .72 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 |
| Ratio of net expenses to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .55 | &nbsp;&nbsp;&nbsp;&nbsp; .55 | &nbsp;&nbsp;&nbsp;&nbsp; .58 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .60 <br><sup>(d)</sup><br>|
| Ratio of net investment income to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;3.14 | &nbsp;&nbsp;&nbsp;&nbsp;3.00 | &nbsp;&nbsp;&nbsp;&nbsp; 2.88 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.70 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42 <br><sup>(d)</sup><br>|
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;19.94 | &nbsp;&nbsp;&nbsp;&nbsp;20.81 | &nbsp;&nbsp;&nbsp;&nbsp;13.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;10.36 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Amount represents less than $.01 per share.

<sup>(c)</sup> Amount inclusive of reduction in fees due to earnings credits.

<sup>(d)</sup> Amount inclusive of reduction in expenses due to undertaking.

See notes to financial statements.

**14**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, |
| **Class Z Shares** | 2025 | 2024 | 2023 | 2022 | 2021 |
| **Per Share Data ($):** | **Per Share Data ($):** |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.53 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 | &nbsp;&nbsp;&nbsp;&nbsp;13.14 |
| Investment Operations: | Investment Operations: |  |  |  |  |
| Net investment income<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .35 | &nbsp;&nbsp;&nbsp;&nbsp; .33 | &nbsp;&nbsp;&nbsp;&nbsp; .32 | &nbsp;&nbsp;&nbsp;&nbsp; .31 | &nbsp;&nbsp;&nbsp;&nbsp; .31 |
| Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; .03 | &nbsp;&nbsp;&nbsp;&nbsp; (.12)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .37 | &nbsp;&nbsp;&nbsp;&nbsp; (1.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.08)<br>|
| Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp; .38 | &nbsp;&nbsp;&nbsp;&nbsp; .21 | &nbsp;&nbsp;&nbsp;&nbsp; .69 | &nbsp;&nbsp;&nbsp;&nbsp; (1.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; .23 |
| Distributions: |  |  |  |  |  |
| Dividends from net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>|
| Dividends from net realized gain on investments | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.00 )<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; (.03)<br>| &nbsp;&nbsp;&nbsp;&nbsp; - |
| Total Distributions | &nbsp;&nbsp;&nbsp;&nbsp; (.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (.31)<br>|
| Net asset value, end of period | &nbsp;&nbsp;&nbsp;&nbsp;11.81 | &nbsp;&nbsp;&nbsp;&nbsp;11.78 | &nbsp;&nbsp;&nbsp;&nbsp;11.90 | &nbsp;&nbsp;&nbsp;&nbsp;11.53 | &nbsp;&nbsp;&nbsp;&nbsp;13.06 |
| **Total Return (%)** | &nbsp;&nbsp;&nbsp;&nbsp;3.33 | &nbsp;&nbsp;&nbsp;&nbsp;1.81 | &nbsp;&nbsp;&nbsp;&nbsp;6.14 | &nbsp;&nbsp;&nbsp;&nbsp; (9.15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;1.79 |
| **Ratios/Supplemental Data (%):** | **Ratios/Supplemental Data (%):** |  |  |  |  |
| Ratio of total expenses to average net assets | &nbsp;&nbsp;&nbsp;&nbsp; .67 | &nbsp;&nbsp;&nbsp;&nbsp; .67 | &nbsp;&nbsp;&nbsp;&nbsp; .74 | &nbsp;&nbsp;&nbsp;&nbsp; .78 | &nbsp;&nbsp;&nbsp;&nbsp; .77 |
| Ratio of net expenses to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; .67 | &nbsp;&nbsp;&nbsp;&nbsp; .66 | &nbsp;&nbsp;&nbsp;&nbsp; .66 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .66 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; .66 <br><sup>(d)</sup><br>|
| Ratio of net investment income to average net assets<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;3.03 | &nbsp;&nbsp;&nbsp;&nbsp;2.82 | &nbsp;&nbsp;&nbsp;&nbsp; 2.76 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.62 <br><sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.39 <br><sup>(d)</sup><br>|
| Portfolio Turnover Rate | &nbsp;&nbsp;&nbsp;&nbsp;19.94 | &nbsp;&nbsp;&nbsp;&nbsp;20.81 | &nbsp;&nbsp;&nbsp;&nbsp;13.02 | &nbsp;&nbsp;&nbsp;&nbsp;8.56 | &nbsp;&nbsp;&nbsp;&nbsp;10.36 |
| **Net Assets, end of period ($ x 1,000)** | &nbsp;&nbsp;&nbsp;&nbsp; 60126 | &nbsp;&nbsp;&nbsp;&nbsp; 63497 | &nbsp;&nbsp;&nbsp;&nbsp; 67565 | &nbsp;&nbsp;&nbsp;&nbsp; 72615 | &nbsp;&nbsp;&nbsp;&nbsp; 86900 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Based on average shares outstanding.

<sup>(b)</sup> Amount represents less than $.01 per share.

<sup>(c)</sup> Amount inclusive of reduction in fees due to earnings credits.

<sup>(d)</sup> Amount inclusive of reduction in expenses due to undertaking.

See notes to financial statements.

**15**

------

NOTES TO FINANCIAL STATEMENTS

**NOTE 1—**

**Significant Accounting Policies:**

BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "fund"), which is registered under the Investment Company Act of 1940, as amended (the "Act"), is a non-diversified open-end management investment company. The fund's investment objective is to seek as high a level of current income exempt from federal and New Jersey income taxes as is consistent with the preservation of capital. BNY Mellon Investment Adviser, Inc. (the "Adviser"), a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY"), serves as the fund's investment adviser. Insight North America LLC (the "Sub-Adviser"), an indirect wholly-owned subsidiary of BNY and an affiliate of the Adviser, serves as the fund's sub-adviser.

BNY Mellon Securities Corporation (the "Distributor"), a wholly-owned subsidiary of the Adviser, is the distributor of the fund's shares. The fund is authorized to issue 775 million shares of $.001 par value of Common Stock. The fund currently has authorized five classes of shares: Class A (200 million shares authorized), Class C (150 million shares authorized), Class I (150 million shares authorized), Class Y (150 million shares authorized) and Class Z (125 million shares authorized). Class A and Class C shares are sold primarily to retail investors through financial intermediaries and bear Distribution and/or Shareholder Services Plan fees. Class A shares generally are subject to a sales charge imposed at the time of purchase. Class A shares bought without an initial sales charge as part of an investment of $250,000 or more may be charged a contingent deferred sales charge ("CDSC") of 1.00% if redeemed within one year. Class C shares are subject to a CDSC imposed on Class C shares redeemed within one year of purchase. Class C shares automatically convert to Class A shares eight years after the date of purchase, without the imposition of a sales charge. Class I shares are sold primarily to bank trust departments and other financial service providers (including BNY and its affiliates), acting on behalf of customers having a qualified trust or an investment account or relationship at such institution, and bear no Distribution or Shareholder Services Plan fees. Class Y shares are sold at net asset value per share generally to institutional investors, and bear no Distribution or Shareholder Services Plan fees. Class Z shares are sold at net asset value per share to certain shareholders of the fund. Class Z shares generally are not available for new accounts and bear Shareholder Services Plan fees. Class I, Class Y and Class Z shares are offered without a front-end sales charge or CDSC. Other differences between the classes include the services offered to and the expenses borne by each class, the allocation of certain transfer agency costs and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

As of December 31, 2025, MBC Investments Corporation, an indirect subsidiary of BNY, held all of the outstanding Class Y shares of the fund.

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fund enters into contracts that contain a variety of indemnifications. The fund's maximum exposure under these arrangements is unknown. The fund does not anticipate recognizing any loss related to these arrangements.

**(a) Portfolio valuation:** The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

**16**

------

NOTES TO FINANCIAL STATEMENTS (continued)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The fund's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service"). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Adviser based on values supplied by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Adviser. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

The following is a summary of the inputs used as of December 31, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Municipal Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 282732458 | &nbsp;&nbsp; — | &nbsp;&nbsp; **282732458** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **282732458** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **282732458** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>†</sup> See Schedule of Investments for additional detailed categorizations, if any.

**(b) Securities transactions and investment income:** Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Interest income, adjusted for accretion of discount and amortization of premium on investments, is earned from settlement date and is recognized on the accrual basis. Securities purchased or sold on a when-issued or delayed delivery basis may be settled a month or more after the trade date.

The fund follows an investment policy of investing primarily in municipal obligations of one state. Economic changes affecting the state and certain of its public bodies and municipalities may affect the ability of issuers within the state to pay interest on, or repay principal of, municipal obligations held by the fund.

**(c) Market Risk:** The value of the securities in which the fund invests may be affected by political, regulatory, economic and social developments, and developments that impact specific economic sectors, industries or segments of the market. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed-income markets may negatively affect many issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such

**17**

------

NOTES TO FINANCIAL STATEMENTS (continued)

risks might affect companies world-wide.

**Interest Rate Risk:** Prices of bonds and other fixed rate fixed-income securities tend to move inversely with changes in interest rates. Typically, a rise in rates will adversely affect fixed-income securities and, accordingly, will cause the value of the fund's investments in these securities to decline. A wide variety of market factors can cause interest rates to rise, including central bank monetary policy, rising inflation and changes in general economic conditions. It is difficult to predict the pace at which central banks or monetary authorities may increase (or decrease) interest rates or the timing, frequency, or magnitude of such changes. During periods of very low interest rates, which occur from time to time due to market forces or actions of governments and/or their central banks, including the Board of Governors of the Federal Reserve System in the U.S., the fund may be subject to a greater risk of principal decline from rising interest rates. When interest rates fall, the fund's investments in new securities may be at lower yields and may reduce the fund's income. Changing interest rates may have unpredictable effects on markets, may result in heightened market volatility and may detract from fund performance. The magnitude of these fluctuations in the market price of fixed-income securities is generally greater for securities with longer effective maturities and durations because such instruments do not mature, reset interest rates or become callable for longer periods of time. Unlike investment grade bonds, however, the prices of high yield ("junk") bonds may fluctuate unpredictably and not necessarily inversely with changes in interest rates.

**Municipal Securities Risk:** The amount of public information available about municipal securities is generally less than that for corporate equities or bonds. Special factors, such as legislative changes, and state and local economic and business developments, may adversely affect the yield and/or value of the fund's investments in municipal securities. Other factors include the general conditions of the municipal securities market, the size of the particular offering, the maturity of the obligation and the rating of the issue. Changes in economic, business or political conditions relating to a particular municipal project, municipality, or state, territory or possession of the United States in which the fund invests may have an impact on the fund's share price. Any such credit impairment could adversely impact the value of their bonds, which could negatively impact the performance of the fund.

**State-Specific Risk:** The fund is subject to the risk that New Jersey's economy, and the revenues underlying its municipal obligations, may decline. Investing primarily in the municipal obligations of a single state makes the fund more sensitive to risks specific to that state and may entail more risk than investing in the municipal obligations of multiple states as a result of potentially less diversification.

**Non-Diversification Risk:** The fund is non-diversified, which means that the fund may invest a relatively high percentage of its assets in a limited number of issuers. Therefore, the fund's performance may be more vulnerable to changes in the market value of a single issuer or group of issuers and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund.

**(d) Dividends and distributions to shareholders:** It is the policy of the fund to declare dividends daily from net investment income. Such dividends are paid monthly. Dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the "Code"). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

**(e) Federal income taxes:** It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

As of and during the period ended December 31, 2025, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended December 31, 2025, the fund did not incur any interest or penalties.

Each tax year in the four-year period ended December 31, 2025 remains subject to examination by the Internal Revenue Service and state taxing authorities.

At December 31, 2025, the components of accumulated earnings on a tax basis were as follows: undistributed tax-exempt income $1,096,803, accumulated capital losses $4,833,969 and unrealized depreciation $4,923,546.

The fund is permitted to carry forward capital losses for an unlimited period. Furthermore, capital loss carryovers retain their character as either short-term or long-term capital losses.

**18**

------

NOTES TO FINANCIAL STATEMENTS (continued)

The accumulated capital loss carryover is available for federal income tax purposes to be applied against future net realized capital gains, if any, realized subsequent to December 31, 2025. The fund has $327,295 of short-term capital losses and $4,506,674 of long-term capital losses which can be carried forward for an unlimited period.

The tax character of distributions paid to shareholders during the fiscal years ended December 31, 2025 and December 31, 2024 were as follows: tax-exempt income $8,611,526 and $8,517,222, and ordinary income $0 and $80,537, respectively.

**(f) Operating segment reporting:** In accordance with FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the fund has operated and been managed as a single reportable segment, generating returns through dividends, interest, and/or gains from investments aligned with its single stated investment objective as outlined in the fund's prospectus. The fund's accounting policies are consistent with those described in these Notes to Financial Statements. The chief operating decision maker ("CODM") is represented by BNY Investments and is comprised of Senior Management and Directors of BNY Investments. The CODM considers the net increase in net assets resulting from operations when deciding whether to purchase additional investments or make distributions to shareholders. Detailed financial information for the fund is presented in these financial statements, including total assets and liabilities in the Statement of Assets and Liabilities, investments held in the Schedule of Investments, results of operations and significant segment expenses in the Statement of Operations, and additional performance information—such as total return, portfolio turnover, and ratios—in the Financial Highlights.

**NOTE 2—**

**Bank Lines of Credit:**

The fund participates with other long-term open-end funds managed by the Adviser in a $738 million unsecured credit facility led by Citibank, N.A. (the "Citibank Credit Facility") and a $300 million unsecured credit facility provided by BNY (the "BNY Credit Facility"), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions (each, a "Facility"). The Citibank Credit Facility is available in two tranches: (i) Tranche A is in an amount equal to $618 million and is available to all long-term open-ended funds, including the fund, and (ii) Tranche B is an amount equal to $120 million and is available only to BNY Mellon Floating Rate Income Fund, a series of BNY Mellon Investment Funds IV, Inc. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for Tranche A of the Citibank Credit Facility and the BNY Credit Facility. Interest is charged to the fund based on rates determined pursuant to the terms of the respective Facility at the time of borrowing. During the period ended December 31, 2025, the fund did not borrow under either Facility.

**NOTE 3—**

**Management Fee, Sub-Advisory Fee and Other Transactions with Affiliates:**

**(a)** Pursuant to a management agreement with the Adviser, the management fee is computed at the annual rate of .45% of the value of the fund's average daily net assets and is payable monthly. The Adviser has contractually agreed, from January 1, 2025 through May 1, 2026, 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 Distribution Plan fees, Shareholder Services Plan fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .60% of the value of the fund's average daily net assets. On or after May 1, 2026, the Adviser may terminate this expense limitation agreement at any time. The reduction in expenses, pursuant to the undertaking, amounted to $1,684 during the period ended December 31, 2025.

Pursuant to a sub-investment advisory agreement between the Adviser and the Sub-Adviser, the Adviser pays the Sub-Adviser a monthly fee at an annual rate of .216% of the value of the fund's average daily net assets.

During the period ended December 31, 2025, the Distributor retained $13 from commissions earned on sales of the fund's Class A shares and $43,119 from CDSC fees on redemptions of the fund's Class A shares.

**(b)** Under the Distribution Plan adopted pursuant to Rule 12b-1 under the Act, Class C shares pay the Distributor for distributing its shares at an annual rate of .75% of the value of its average daily net assets. The Distributor may pay one or more Service Agents in respect of advertising, marketing and other distribution services, and determines the amounts, if any, to be paid to Service Agents and the basis on which such payments are made. During the period ended December 31, 2025, Class C shares were charged $2,219 pursuant to the Distribution Plan.

**(c)** Under the Shareholder Services Plan, Class A and Class C shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund, and services related to the maintenance of shareholder accounts. The Distributor may make payments to Service Agents (securities dealers, financial institutions or other industry professionals) with respect to these services. The Distributor determines the amounts to be paid to Service Agents. During the period ended December 31,

**19**

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NOTES TO FINANCIAL STATEMENTS (continued)

2025, Class A and Class C shares were charged $542,687 and $740, respectively, pursuant to the Shareholder Services Plan.

Under the Shareholder Services Plan, Class Z shares reimburse the Distributor at an amount not to exceed an annual rate of .25% of the value of Class Z shares' average daily net assets for certain allocated expenses of providing personal services and/or maintaining shareholder accounts. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding Class Z shares, and services related to the maintenance of shareholder accounts. During the period ended December 31, 2025, Class Z shares were charged $44,056 pursuant to the Shareholder Services Plan.

The fund has arrangements with BNY Mellon Transfer, Inc., (the "Transfer Agent") and The Bank of New York Mellon (the "Custodian"), both a subsidiary of BNY and an affiliate of the Adviser, whereby the fund may receive earnings credits when positive cash balances are maintained, which are used to offset Transfer Agent and Custodian fees. For financial reporting purposes, the fund includes transfer agent net earnings credits, if any, and custody net earnings credits, if any, as an expense offset in the Statement of Operations.

The fund compensates the Transfer Agent, under a transfer agency agreement, for providing transfer agency and cash management services for the fund. The majority of Transfer Agent fees are comprised of amounts paid on a per account basis, while cash management fees are related to fund subscriptions and redemptions. During the period ended December 31, 2025, the fund was charged $60,509 for transfer agency services. These fees are included in Shareholder servicing costs in the Statement of Operations. These fees were partially offset by earnings credits of $6,880.

The fund compensates the Custodian, under a custody agreement, for providing custodial services for the fund. These fees are determined based on net assets, geographic region and transaction activity. During the period ended December 31, 2025, the fund was charged $4,285 pursuant to the custody agreement. These fees were offset by earnings credits of $4,285.

The fund compensates the Custodian, under a shareholder redemption draft processing agreement, for providing certain services related to the fund's check writing privilege. During the period ended December 31, 2025, the fund was charged $4,868 pursuant to the agreement, which is included in Shareholder servicing costs in the Statement of Operations.

During the period ended December 31, 2025, the fund was charged $24,661 for services performed by the fund's Chief Compliance Officer and his staff. These fees are included in Chief Compliance Officer fees in the Statement of Operations.

The fund compensates the Custodian for providing shareholder reporting and regulatory services for the fund. These fees are included in Shareholder and regulatory reports service fees in the Statement of Operations. During the period ended December 31, 2025, the Custodian was compensated $17,167 for financial reporting and regulatory services.

The components of "Due to BNY Mellon Investment Adviser, Inc. and affiliates" in the Statement of Assets and Liabilities consist of: Management fee of $110,693, Distribution Plan fees of $189, Shareholder Services Plan fees of $44,568, Custodian fees of $1,406, Chief Compliance Officer fees of $4,624, Transfer Agent fees of $14,943, Checkwriting fees of $409 and Shareholder and regulatory reports service fees of $10,000, which are offset against an expense reimbursement currently in effect in the amount of $239.

**(d)** Each board member of the fund also serves as a board member of other funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

**NOTE 4—**

**Securities Transactions:**

The aggregate amount of purchases and sales of investment securities, excluding short-term securities, during the period ended December 31, 2025, amounted to $58,089,584 and $85,176,967, respectively.

At December 31, 2025, the cost of investments for federal income tax purposes was $287,656,004; accordingly, accumulated net unrealized depreciation on investments was $4,923,546, consisting of $3,579,179 gross unrealized appreciation and $8,502,725 gross unrealized depreciation.

**20**

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and the Board of Directors of BNY Mellon New Jersey Municipal Bond Fund, Inc.

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities of BNY Mellon New Jersey Municipal Bond Fund, Inc. (the "Fund"), including the schedule of investments, as of December 31, 2025, and the related statement of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund at December 31, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and its financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of the Fund's internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the custodian, brokers and others; when replies were not received from brokers and others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. ![](img67788f052.gif)

We have served as the auditor of one or more investment companies in the BNY Mellon Family of Funds since at least 1957, but we are unable to determine the specific year.

New York, New York

February 20, 2026

**21**

------

IMPORTANT TAX INFORMATION (Unaudited)

In accordance with federal tax law, the fund hereby reports all the dividends paid from net investment income during the fiscal year ended December 31, 2025 as "exempt-interest dividends" (not subject to regular federal income tax, and for individuals who are New York residents, New York State and New York City personal income taxes). Where required by federal tax law rules, shareholders will receive notification of their portion of the fund's taxable ordinary dividends (if any), capital gains distributions (if any) and tax-exempt dividends paid for the 2025 calendar year on Form 1099-DIV, which will be mailed in early 2026.

**22**

------

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies (Unaudited)

N/A

**23**

------

Item 9. Proxy Disclosures for Open-End Management Investment Companies (Unaudited)

N/A

**24**

------

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies (Unaudited)

Each board member also serves as a board member of other funds in the BNY Mellon Family of Funds complex, and annual retainer fees and meeting attendance fees are allocated to each fund based on net assets. The fund is charged for services performed by the fund's Chief Compliance Officer. Compensation paid by the fund during the period to the board members and the Chief Compliance Officer are within Item 7. Statement of Operations as Directors' fees and expenses and Chief Compliance Officer fees, respectively. The aggregate amount of Directors' fees and expenses and Chief Compliance Officer fees paid by the fund during the period was $49,303.

**25**

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Item 11. Statement Regarding Basis for Approval of Investment Advisory Contracts (Unaudited)

N/A

**26**

------© 2026 BNY Mellon Securities Corporation

Code-0750NCSRAR1225

![](img6af7d4f61.gif)

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**Item 12.** **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable.

**Item 13.** **Portfolio Managers for Closed-End Management Investment Companies.**

Not applicable.

**Item 14.** **Purchases of Equity Securities By Closed-End Management Investment Companies and Affiliated Purchasers.** 

Not applicable.

**Item 15.** **Submission of Matters to a Vote of Security Holders.** 

There have been no material changes to the procedures applicable to Item 15.

**Item 16.** **Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers have concluded, based on their
evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that
the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the
Registrant on Form N-CSR is recorded, processed, summarized and reported within the required time periods and that information required
to be disclosed by the Registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the Registrant's
management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required
disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred
during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's
internal control over financial reporting.

**Item 17.** **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable.

**Item 18.** **Recovery of Erroneously Awarded Compensation.** 

Not applicable.

**Item 19.** **Exhibits.**

(a)(1) [Code of ethics referred to in Item 2](ncsrcodeofethics-jan 2021.htm).

(a)(2) [Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.](ex_99-302cert0750.htm)

(a)(3) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940.](ex_99-906cert0750.htm)

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

BNY Mellon New Jersey Municipal Bond Fund, Inc.;

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)

Date: February 19, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)

Date: February 19, 2026

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: February 19, 2026

**EXHIBIT INDEX**

(a)(1) Code of ethics referred to in Item 2.

(a)(2) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)

(b) Certification of principal executive and principal financial officers as required by Rule 30a-2(b)
under the Investment Company Act of 1940. (EX-99.906CERT)

## Ex-99.Code

**THE BNY MELLON FAMILY OF FUNDS**

**BNY MELLON FUNDS TRUST**

**Principal Executive Officer and Senior Financial Officer**

**Code of Ethics**

**I. Covered Officers/Purpose of the Code**

This code of ethics (the "Code"), adopted by the funds in the BNY Mellon Family of Funds and BNY Mellon Funds Trust (each, a "Fund"), applies to each Fund's Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller, or other persons performing similar functions, each of whom is listed on Exhibit A (the "Covered Officers"), for the purpose of promoting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with, or submits to, the Securities and Exchange Commission (the "SEC") and in other public communications made by the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

**II. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest**

**Overview.** A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his service to, the Fund. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position with the Fund.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fund and already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended (the "Investment Company Act"), and the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act"). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as "affiliated persons" of the Fund. The compliance programs and procedures of the Fund and the Fund's investment adviser (the "Adviser") are designed to prevent, or identify and correct, violations of these provisions. The Code does not, and is not intended to, repeat or replace these programs and procedures, and the circumstances they cover fall outside of the parameters of the Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fund and the Adviser of which the Covered Officers are also officers or employees. As a result, the Code recognizes that the Covered Officers, in the ordinary course of their duties (whether formally for the Fund or for the Adviser, or for both), will be involved in establishing policies and implementing decisions that will have different effects on the Adviser and the Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fund and the Adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Fund and, if addressed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, will be deemed to have been handled ethically. In addition, it is recognized by the Fund's Board that the Covered Officers also may be officers or employees of one or more other investment companies covered by this or other codes of ethics.

------

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. Covered Officers should keep in mind that the Code cannot enumerate every possible scenario. The overarching principle of the Code is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Fund.

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not use his personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Fund whereby the Covered Officer would benefit personally to the detriment of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not cause the Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not retaliate against any employee or Covered Officer for reports of potential violations that are made in good faith.

**III. Disclosure and Compliance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should familiarize himself with the disclosure requirements generally applicable to the Fund within his area of responsibility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including to the Fund's Board members and auditors, and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other officers and employees of the Fund and the Adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submits to, the SEC and in other public communications made by the Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· it is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

**IV. Reporting and Accountability**

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· upon adoption of the Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing to the Board that he has received, read, and understands the Code;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· annually thereafter affirm to the Board that he has complied with the requirements of the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· notify the Adviser's General Counsel (the "General Counsel") promptly if he knows of any violation of the Code. Failure to do so is itself a violation of the Code.

The General Counsel is responsible for applying the Code to specific situations in which questions are presented under it and has the authority to interpret the Code in any particular situation. However, waivers sought by any Covered Officer will be considered by the Fund's Board.

The Fund will follow these procedures in investigating and enforcing the Code:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the General Counsel will take all appropriate action to investigate any potential violations reported to him;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· if, after such investigation, the General Counsel believes that no violation has occurred, the General Counsel is not required to take any further action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· any matter that the General Counsel believes is a violation will be reported to the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· if the Board concurs that a violation has occurred, it will consider appropriate action, which may include: review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the Adviser or its board; or dismissal of the Covered Officer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the Board will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· any waivers of or amendments to the Code, to the extent required, will be disclosed as provided by SEC rules.

**V. Other Policies and Procedures**

The Code shall be the sole code of ethics adopted by the Fund for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. The Fund's, its principal underwriter's and the Adviser's codes of ethics under Rule 17j-1 under the Investment Company Act and the Adviser's additional policies and procedures, including its Code of Conduct, are separate requirements applying to the Covered Officers and others, and are not part of the Code.

**VI. Amendments**

Except as to Exhibit A, the Code may not be amended except in written form, which is specifically approved or ratified by a majority vote of the Fund's Board, including a majority of independent Board members.

**VII. Confidentiality**

All reports and records prepared or maintained pursuant to the Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or the Code, such matters shall not be disclosed to anyone other than the appropriate Funds and their counsel, the appropriate Boards (or Committees) and their counsel and the Adviser.

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**VIII. Internal Use**

The Code is intended solely for the internal use by the Fund and does not constitute an admission, by or on behalf of the Fund, as to any fact, circumstance, or legal conclusion.

Dated as of: January 14, 2021

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**Exhibit A**

**Persons Covered by the Code of Ethics**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; David J. DiPetrillo | &nbsp;&nbsp; President | &nbsp;&nbsp; (Principal Executive Officer, BNY Mellon Family of Funds) |
| &nbsp;&nbsp; Lisa M. Sampson | &nbsp;&nbsp; President | &nbsp;&nbsp; (Principal Executive Officer, BNY Mellon Funds Trust) |
| &nbsp;&nbsp; James M. Windels | &nbsp;&nbsp; Treasurer | &nbsp;&nbsp; (Principal Financial and Accounting Officer) |

---

## Ex-99.Cert

[EX-99.CERT]—Exhibit (a)(2)

**SECTION 302 CERTIFICATION**

I, David J. DiPetrillo, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon New Jersey Municipal Bond Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)

Date: February 19, 2026

**SECTION 302 CERTIFICATION**

I, James Windels, certify that:

1. I have reviewed this report on Form N-CSR of BNY Mellon New Jersey Municipal Bond Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: February 19, 2026

## Exhibit 99.906

[EX-99.906CERT]

Exhibit (b)

**SECTION 906 CERTIFICATIONS**

In connection with this report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

By: <u>/s/ David J. DiPetrillo</u>

David J. DiPetrillo

President (Principal Executive Officer)<br>

Date: February 19, 2026

By: <u>/s/ James Windels</u>

James Windels

Treasurer (Principal Financial Officer)

Date: February 19, 2026

*This certificate is furnished pursuant to the requirements of Form N-CSR and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.*