What if you'd held DSM?
A $1,000 investment in BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) at the month-end close of 1989-11 would be worth $5,677 at the close of 2026-08 — +467.7% total return, dividends reinvested. The same $1,000 in the S&P 500 would be worth $22,278.
Your scenario
Result
If you'd bought $1,000 at the start of each year
Value of $1,000 invested on January 1 of each year, held to 2026-08, dividends included.
Every year, $1,000 from 1989
| Year | Value of $1,000 | Year return |
|---|---|---|
| 1989 | $1,000 | — |
| 1990 | $990 | -1.0% |
| 1991 | $1,123 | +13.5% |
| 1992 | $1,266 | +12.7% |
| 1993 | $1,398 | +10.4% |
| 1994 | $1,198 | -14.3% |
| 1995 | $1,402 | +17.0% |
| 1996 | $1,559 | +11.3% |
| 1997 | $1,861 | +19.3% |
| 1998 | $1,817 | -2.4% |
| 1999 | $1,469 | -19.1% |
| 2000 | $1,817 | +23.7% |
| 2001 | $1,902 | +4.7% |
| 2002 | $1,954 | +2.7% |
| 2003 | $2,289 | +17.1% |
| 2004 | $2,376 | +3.8% |
| 2005 | $2,421 | +1.9% |
| 2006 | $3,028 | +25.1% |
| 2007 | $2,622 | -13.4% |
| 2008 | $1,989 | -24.1% |
| 2009 | $2,950 | +48.3% |
| 2010 | $3,110 | +5.4% |
| 2011 | $3,834 | +23.3% |
| 2012 | $4,397 | +14.7% |
| 2013 | $3,737 | -15.0% |
| 2014 | $4,305 | +15.2% |
| 2015 | $4,650 | +8.0% |
| 2016 | $4,913 | +5.6% |
| 2017 | $5,546 | +12.9% |
| 2018 | $4,791 | -13.6% |
| 2019 | $5,777 | +20.6% |
| 2020 | $5,969 | +3.3% |
| 2021 | $6,619 | +10.9% |
| 2022 | $4,830 | -27.0% |
| 2023 | $4,983 | +3.2% |
| 2024 | $5,259 | +5.5% |
| 2025 | $5,832 | +10.9% |
| 2026 | $5,749 | -1.4% |
Best and worst month-end to buy
The best single month-end close to have bought DSM was 1990-04 ($0.96): $1,000 then is $6,108 today. The worst was 2021-12 ($6.76): $1,000 then is $869.
FAQ
What would $1,000 in DSM be worth today?
A $1,000 investment in BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) at the start of 1989 would be worth about $5,677 today, a total return of +467.7%. Dividends are reinvested in these figures.
What were the best and worst years for DSM?
BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM)'s strongest calendar year since 1989 was 2009, a +48.3% return — $1,000 held through that year became about $1,483 by year-end. Its weakest year was 2022, at -27.0%.
Does the calculator include dividends and splits?
Yes where available. Prices are adjusted for both stock splits and reinvested dividends (total return), the same measure brokerages use.
How much would $100 per month in DSM have grown?
Investing $100 at the end of every month since 1989-11 would have grown to about $107,653 on $44,200 invested.
Did DSM beat the S&P 500?
Over the same period, $1,000 in the S&P 500 index would be worth $22,278. DSM trailed the S&P 500 by +74.5% in total return.
Is this investment advice?
No. Wall Street Regrets is an entertainment and education tool. Every number is a historical calculation, not a prediction, and past performance never guarantees future results.
Methodology
BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) historical total-return data from 1989-11 to 2026-08, reduced to month-end closes for the tables above.
Returns use adjusted close prices from Yahoo Finance historical data — adjusted for stock splits and reinvested dividends — the same convention used by major brokerages. A "year" scenario invests $1,000 at the prior December's month-end close and values it at the latest available month-end close. Non-USD amounts are converted at historical month-end exchange rates (Yahoo Finance): to USD on the buy date and back to your currency at the latest rate, so the return reflects the currency move as well as the asset.
Month-end resolution means intra-month extremes are not captured in tables; the calculator uses exact trading-day closes where daily data is available. Figures ignore taxes, fees, and the currency effects of non-USD listings. History is not a forecast. Wall Street Regrets is entertainment, not investment advice.
What if you'd held…
Data: adjusted close prices via Yahoo Finance. As of 2026-08. Not financial advice.