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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 24.72 As of  08/06/26
    • CHG  $ 0.00 (0.00 %)
    • MKT PRICE  $24.66 As of  08/06/26
    • CHG  $-0.02 (-0.08 %)
    • TOTAL EXPENSE RATIO 
      0.49% 
      Net
      0.54% 
      Gross
    Overview

    Why invest in this Fund?

    • The fund seeks to maximize current income exempt from federal income tax and capital appreciation.
    • To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from U.S. federal income tax.
    • The fund invests at least 50% of its net assets in bonds that are rated investment grade (i.e., Baa3/BBB- or higher) at the time of purchase or, if unrated, deemed of comparable quality by the fund's sub-adviser. For additional yield, the fund may invest up to 50% of its net assets in bonds that are rated below investment grade ("high yield" or "junk" bonds) or, if unrated, deemed of comparable quality by the fund's sub-adviser, Insight North America LLC.
    • The fund may invest in individual municipal and taxable bonds of any maturity or duration and does not expect to target any specific range of maturity or duration.
    • Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates. Generally, the longer a bond's duration, the more likely it is to react to interest rate fluctuations and the greater its long-term risk/return potential.
    • The fund’s liquid ETF structure allows investors to buy or sell any time the market is open.
    LISTING DATE
    01/12/26
    INCEPTION DATE
    10/15/08
    NET ASSETS
    $1,760,858,431  As of  08/06/26
    NUMBER OF SHARES OUTSTANDING
    71,220,124  As of  08/06/26
    MARKET PRICE 52-WEEK HIGH
    $25.23  As of  02/27/26
    MARKET PRICE 52-WEEK LOW
    $24.45  As of  03/24/26
    AVG EFFECTIVE DURATION
    7.33 yr(s). As of  06/30/26
    WEIGHTED AVG YIELD TO MATURITY
    5.96% As of  06/30/26
    WEIGHTED AVG MATURITY
    8.92 yr(s). As of  06/30/26
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Municipal National Intermediate
    Morningstar Overall Rating
    Number of Holdings
    662 As of  06/30/26
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Morningstar Rating™ as of June 30, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 4 Stars (256 funds rated); 3 Yrs. 4 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 5 Stars (177 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 08/06/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  08/06/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    3.95 3.95 3.84 12/31/27 0.49 0.54

    Yield fluctuates and past performance is no guarantee of future results.

    The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

    Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

    Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

     

    NAV - A fund's NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

    Market Price - The market price is the most recent official closing price for the listed exchange.

    Current Yield - (Sum of 30 days of net investment income/sum of 30 days of net assets) * (365*100)

    Avg Effective Duration - It is used to measure the market price sensitivity of the fund’s portfolio holdings to changes in interest-rates. Duration is not a complete measure of bond risk and may not be successful.

    Weighted Avg Yield to Maturity - The averaged total return anticipated on a group of bonds if held until their maturity.

    Weighted Avg Maturity - A measure of the average maturity of all of the underlying security instruments in the fund, weighted to reflect the relative percentage ownership of each instrument, and taking into account applicable “maturity shortening” provisions.

    DOWNLOAD

    Portfolio Managers

    • Gregory J. Conant

      Gregory J. Conant, CFA

      Portfolio Manager, Insight North America, LLC

      Managing Fund Since January 2026

      Joined Firm in 1998

      Joined Industry in 1998
    • Jeffrey Burger

      Jeffrey Burger, CFA

      Senior Portfolio Manager, Insight North America, LLC

      Managing Fund Since January 2026

      Joined Firm in 2009

      Joined Industry in 2000
    Performance

    Daily Statistics

    As of  08/06/26 NAME 30-DAY MEDIAN 
    BID/ASK 
    SPREAD     		PREVIOUS DAY
    VOLUME     		20-DAY AVG 
    VOLUME     		PREMIUM/ 
    DISCOUNT     		YTD
    Total Return
    (NAV)
    BNY Mellon Municipal Opportunities ETF
    		0.20% 64,594 84,084 -0.28% 1.64%

    The performance data quoted represents past performance, which is no guarantee of future results.

     

    30-Day Median Bid-Ask Spread - Gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

    20-Day Avg Volume - 20-Day Average Volume is the sum of last 20 days of trading volume divided by 20 days.

    Premium / Discount - The amount the fund is trading above or below the reported NAV expressed as a percentage of the NAV. When the fund's market price is greater than the fund's NAV, it is said to be trading at a "Premium" and the percentage is expressed as a positive number. When the fund's market price is less than the fund's NAV, it is said to be trading at a "Discount" and the percentage is expressed as a negative number.

    Total Returns

    Click here for NAV Returns 

    Month End

    MARKET PRICE
    Average Annual
    As of 07/31/26
    Name 3 MO
    07/31/26     		YTD
    07/31/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-0.09 1.05 6.19 3.75 0.67 2.53 5.26
    Bloomberg U.S. Municipal Bond Index
    		- - - - - - -
    S&P Municipal Bond Index
    		- - - - - - -

    Quarter End

    MARKET PRICE
    Average Annual
    As of 06/30/26
    Name 3 MO
    06/30/26     		YTD
    06/30/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		3.07 2.98 7.48 4.56 1.20 2.71 5.40
    Bloomberg U.S. Municipal Bond Index
    		2.50 2.32 7.03 3.76 1.05 2.15 -
    S&P Municipal Bond Index
    		2.25 2.07 6.61 3.90 1.23 2.21 -

    The performance data quoted represents past performance, which is no guarantee of future results. Share price, yield and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted.

    The performance information shown before January 9, 2026 reflects that of Class M shares of the  BNY Mellon Municipal Opportunities  Fund ("Predecessor Fund"), which had a different fee structure than the fund. The fund's investment strategies are similar to those of the Predecessor Fund; however, while each fund may invest in derivatives as a part of its principal investment strategy, unlike the Predecessor Fund, the fund's investments in derivatives may also include options on futures and interest rate swaps such as MMD Rate Locks.  The performance returns shown are based on the Predecessor Fund's fee structure and investment strategies. Past performance may have been different if the fund's current fee structure and investment strategies had been in place during the period. The NAV and market price performance of the ETF use the predecessor mutual fund's NAV from inception to listing.

    Market Price performance is calculated using the most recent NASDAQ Official Closing Price. Market Price returns do not represent investors’ returns had they traded shares at other times.

    The S&P Municipal Bond Index is a market-value-weighted index designed to measure the performance of the U.S. municipal bond market, which includes debt issued by states and local governments. Investors cannot invest directly in any index.

    The Bloomberg U.S. Municipal Bond Index is the broad-based benchmark for the BNY Mellon Municipal Opportunities ETF. The S&P Municipal Bond Index was the broad-based benchmark for the Predecessor Fund.

    “BLOOMBERG®” and the Bloomberg indices listed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by the distributor hereof (the “Licensee”). Bloomberg is not affiliated with Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products named herein (the “Products”). Bloomberg does not guarantee the timeliness, accuracy, or completeness of any data or information relating to the Products.

    Growth of $10,000 Investment

    Past performance is no guarantee of future results.

    Historical NAV and Market Price

      Historical Premium/Discount

      Premium and Discount Summary Table

      As of  08/06/26 Q1 2026 Q2 2026
      Days Traded at Premium
      		15 12
      Days Traded at Discount
      		38 49

      The table shows the number of trading days in which the fund traded at a premium or discount to its closing NAV.  Past results are not indicative of future results.

      Premium/Discount

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      Fees as stated in the prospectus  Fee Description Total Expense Ratio (%)
      Management Fee 0.50%
      Other Expenses 0.04%
      Total Expenses 0.54%
      Expenses Reimbursed 0.05%
      Net Expenses 0.49%

      The Total Expenses is the actual fund expense ratio applicable to investors.

      The Adviser has contractually agreed to waive receipt of a portion of its management fee in the amount of 0.05% of the value of the fund’s average daily net assets until December 31, 2027. Prior to December 31, 2027, this fee waiver may only be terminated by the fund’s board. On or after December 31, 2027, the Adviser may terminate this fee waiver at any time.
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon ETF Investment Adviser, LLC (BNYETF) and the fund's sub-adviser is Insight North America LLC (INA), an affiliate of BNYETF. Gregory J. Conant and Jeffrey Burger are the primary portfolio managers of the fund, positions they have held since January 2026. Mr. Conant and Mr. Burger are senior portfolio managers at INA. Each portfolio manager is jointly and primarily responsible for the day-to-day management of the fund's portfolio.

      Top Holdings

      As of 08/07/26
      Holdings % Portfolio Weight
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.89
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.78
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.75
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.74
      MA BAY TRANS AUTH-A 5 7/1/2038 0.67
      UNIV OF TEXAS SYS BRD 5 7/1/2041 0.63
      MD HLTH HGR AUTH-B FRN 8/15/2056 0.62
      LA DEPT OF WTR-B-REF 5 7/1/2037 0.61
      WASHINGTON ST-A 5 8/1/2040 0.61
      BLACK BELT-SER-C FRN 5/1/2055 0.60
      TENNERGY CORP -A FRN 10/1/2054 0.59
      MAIN STREET NATURAL-C FRN 12/1/2054 0.59
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.59
      BLACK BELT ENERGY-K 5.0 10/01/2033 0.59
      TRIBOROUGH BRIDGE-A-3 5.25 5/15/2064 0.59
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.58
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.58
      BLACK BELT ENERGY GAS FRN 10/1/2052 0.57
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.55
      HIGH STAR RANCH FING 6.25 12/1/2055 0.52
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.51
      PR SALES TAX FING-A1 5 7/1/2058 0.49
      MATCHING FUND SPL-A 5 10/1/2039 0.47
      WA MET AREA TRANSIT-A 3 7/15/2040 0.45
      CHICAGO-A-REV 5.25 1/1/2041 0.44
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.44
      TX PRIVATE ACTIVITY 5.5 12/31/2058 0.44
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.43
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.43
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.42
      BUILD NYC RESOURCE-A 7 12/15/2065 0.42
      MASSACHUSETTS ST 5 11/1/2045 0.42
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.41
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.41
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.40
      MA DEV FIN AGY-Q 5.5 12/1/2051 0.40
      CA CMNTY CHOICE-A-1 FRN 4/1/2056 0.40
      RI HLTH-PROVIDENCE 5 11/1/2045 0.40
      VA PORT AUTH 5 7/1/2043 0.40
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.39
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.38
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.38
      SAN FRANCISCO APRT-A 5 5/1/2044 0.38
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.37
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.37
      CHICAGO 5 11/1/2039 0.36
      CA CMNTY CHOICE FING FRN 1/1/2054 0.36
      FL DEV FIN CORP-A 5 6/15/2050 0.36
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.35
      FULTON CNTY GA DEV AU 5 3/15/2044 0.35
      MET TRANSPRTN-C-1 5 11/15/2050 0.34
      CA MUNI FIN AUTH 5 5/15/2048 0.34
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.34
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.34
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.34
      NATIONAL FIN AUTH-2 FRN 2/20/2043 0.34
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.34
      TX WTR DEV BRD-REV 5 8/1/2044 0.33
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.33
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.33
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.33
      DT OF COLUMBIA 5.25 1/1/2048 0.32
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.31
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.32
      NY ST TRANS DEV CORP 5 12/1/2041 0.31
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.31
      MA DEV FIN AGY-A 5.25 1/1/2042 0.31
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.31
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.31
      CA MUNI AUTH-1-A-1 4.05 7/20/2041 0.31
      US TREASURY N/B 4.125 6/30/2031 0.31
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.31
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.31
      OK TPK AUTH-A 5.5 1/1/2054 0.31
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.30
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.30
      COLLIN CNTY 5 2/15/2040 0.30
      MET PIER CAB-A-AG 0 12/15/2040 0.30
      ILLINOIS ST-B 5 6/15/2039 0.30
      OK TPK AUTH-A 5.25 1/1/2050 0.30
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.30
      ILLINOIS ST-D 5 11/1/2028 0.30
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.30
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.30
      NEW YORK-D 5.25 4/1/2047 0.30
      HOUSTON-A-REF 5.25 3/1/2049 0.30
      COOK CO-A-REF 5.25 11/15/2045 0.30
      CONNECTICUT ST-B 3 6/1/2038 0.30
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.30
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.30
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.30
      KY PUB ENERGY-A FRN 5/1/2055 0.29
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.29
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.29
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.29
      MASSACHUSETTS ST 5 7/1/2045 0.29
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.29
      MAIN STREET NATURAL-B FRN 12/1/2052 0.29
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.29
      UNIV OF CALIFORNIA-AZ 5 5/15/2043 0.29
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.29
      PROJECTNEW YORK TRANS 5 10/1/2040 0.29
      MASSACHUSETTS ST-A 5 1/1/2041 0.29
      BUILD NYC RESOURCE-A 7 12/15/2055 0.29
      CA MUNI FIN AUTH 5 5/15/2040 0.29
      TRIBOROUGH BRIDGE 5 11/15/2049 0.29
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.29
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.29
      AUBURN UNIV GEN FEE 5 6/1/2048 0.29
      CA MUNI FIN AUTH 5 5/15/2043 0.29
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.29
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.28
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.28
      Net Current Assets 0.28
      MINNEAPOLIS -REV 4 11/15/2038 0.28
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.27
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.27
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.27
      CLIFTON HGR EDU-REF 4 8/15/2044 0.27
      ARLINGTON CNTY VA IND 4 7/1/2045 0.27
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.26
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.26
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.26
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.26
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.26
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.26
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.25
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.25
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.25
      MA DEV FIN AGY-A 5.5 7/1/2066 0.25
      CLIFTON HGR EDU 5 8/15/2047 0.25
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.25
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.25
      CALIFORNIA ST 5.25 10/1/2045 0.25
      OHIO ST 3 5/1/2039 0.25
      MET WASHINGTON DC-B 4 10/1/2053 0.25
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.25
      PR SALES TAX FING-A1 4.5 7/1/2034 0.24
      OHIO ST-REV-REF 4 10/1/2042 0.24
      IA ST FIN AUTH 5 8/1/2042 0.24
      HOUSTON-A-REF 5 3/1/2042 0.24
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.24
      NV DEPT OF BUS SER B FRN 1/1/2065 0.24
      PUB FIN AUTH 4.25 7/1/2054 0.24
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.24
      MET WA DC ARPTS-CABS 0 10/1/2036 0.24
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.24
      NY ST TRANS DEV CORP 5 12/1/2039 0.24
      NTHRN IN COMMUTER-REV 5 1/1/2054 0.23
      PUBLIC FIN AUTH-A 5.5 7/1/2044 0.23
      OHIO ST-REV-REF 4 10/1/2047 0.23
      SIERRA VISTA INDL DEV 6.5 6/15/2055 0.23
      MA DEV FIN AGY-A 5.375 7/1/2061 0.23
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.22
      NYC INDL DEV AGY-A 3 1/1/2046 0.22
      CO SCH MINES BRD-A 5 12/1/2054 0.22
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.22
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.21
      WOLF CREEK INFRA DT#1 5.75 12/1/2044 0.21
      NYC INDL DEV AGY-A 3 1/1/2039 0.21
      DALLAS & FORT WORTH-B 5 11/1/2047 0.21
      MAIN STREET NATURAL-A FRN 6/1/2055 0.21
      SEMINOLE CO-REV-REF 5 10/1/2052 0.21
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.21
      TX WTR DEV BRD -REV 5 10/15/2057 0.21
      WI CENTER DIST-A-CABS 0 12/15/2044 0.21
      BUILD NYC RESOURCE-A 6.5 12/15/2045 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.20
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.20
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.20
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.20
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.19
      ARLINGTON HGR EDU 4.5 8/15/2050 0.19
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.19
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.19
      FOREST LAKE MN CHARTE 5 7/1/2056 0.19
      CA PUB FIN AUTH -A 4 7/15/2051 0.19
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.19
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.19
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.18
      GREATER ORLANDO 5.5 11/1/2037 0.18
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.18
      HOUSTON-A-REF 5 3/1/2040 0.18
      TEMPLE ISD 5 2/1/2044 0.18
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.18
      NYC TRANS FIN-SUB-I 5 11/1/2045 0.18
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.18
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.18
      MATCHING FUND SPL-A 5 10/1/2030 0.18
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.18
      VA SMALL BUSINESS FIN 4 1/1/2048 0.18
      SIERRA VISTA INDL DEV 5 6/15/2054 0.18
      TREASURY BILL 0 8/13/2026 0.18
      NY ST TRANS DEV CORP 5 12/1/2042 0.18
      FAYETTE CO DEV AUTH 5.25 10/1/2049 0.17
      CA CMNTY HSG AGY-A 4 2/1/2056 0.17
      CHICAGO O'HARE ARPT-A 5 1/1/2037 0.17
      FOWLER CO UNIF SD-B 5 8/1/2050 0.17
      DALLAS ISD-B-REF 4.5 2/15/2045 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      CALIFORNIA ST EDUCTNL 5 10/1/2048 0.17
      CA ST MUNI FIN-AMT 4 7/15/2029 0.17
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.17
      IL FIN AUTH-A-REF 5 5/15/2037 0.17
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 0.17
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.17
      HOUSTON-C-REV-REF 5.25 9/1/2051 0.17
      AR DEV FIN AUTH-B-AMT FRN 9/1/2046 0.17
      MA DEV FIN AGY-REF 5 10/1/2047 0.17
      NY ST TRANS DEV CORP 5 12/1/2038 0.17
      MET SAINT LOUIS SWR 5 5/1/2047 0.17
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.17
      MISSION ECON DEV-AMT 4.625 10/1/2031 0.16
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.16
      GEO L SMITH II GA CON 5 1/1/2054 0.16
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.16
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.16
      AR DEV FIN AUTH-AMT-A 7 7/1/2048 0.16
      VA SMALL BUS FIN-A 4 1/1/2045 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.16
      AZ IND DEV AUTH-A 5 11/1/2054 0.16
      CA ST MUNI FIN AUTH 5 6/1/2050 0.15
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.15
      MA PORT AUTH-SER B 5.25 7/1/2043 0.15
      SIERRA CLG #2-B-WESTE 0 8/1/2030 0.15
      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.15
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.15
      SOUTHERN CA PUB PWR-A 5 11/1/2033 0.15
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.15
      PEFA INC-A-REF-REV 5 4/1/2035 0.15
      MIAMI-DADE CO EDU FAC 5 4/1/2044 0.15
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.15
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.15
      ILLINOIS ST 5.5 5/1/2039 0.15
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.15
      ILLINOIS ST 5.5 5/1/2030 0.15
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.15
      PUB FIN AUTH-A 5 5/1/2060 0.15
      CMFA FIN AGY-A-2 4 8/1/2047 0.15
      CENTENNIAL WTR & SANT 5 12/1/2053 0.15
      BUILD NYC RESOURCE 5.5 7/1/2055 0.15
      ILLINOIS ST-B 5.25 5/1/2048 0.15
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      AZ IND DEV AUTH-A 5 11/1/2049 0.14
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.14
      ILLINOIS ST-A 5 3/1/2046 0.14
      CHICAGO BOE-A 5.875 12/1/2047 0.14
      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.14
      VA SMALL BUS FIN-A 4 1/1/2036 0.14
      ILLINOIS ST -A 5 5/1/2042 0.14
      COLLIER CO HLTH FACS 5 5/1/2045 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.14
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.14
      CLEVELAND ETC PORT 5.25 12/1/2038 0.14
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.14
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.14
      ALBANY CAP RESOURCE C 5 6/1/2064 0.14
      VA SMALL BUS FIN-A 4 1/1/2051 0.14
      PUB FIN AUTH-A 5 2/1/2062 0.14
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.13
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.13
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.13
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      CALIFORNIA ST MUNI FI 5 5/15/2034 0.13
      PUB FIN AUTH-REF 5.25 11/15/2061 0.13
      MIAMI-DADE CO-A-1-REV 4 10/1/2045 0.13
      PUB FIN AUTH-REF 5 9/1/2039 0.13
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      RESORT CORE PUB DT#1 8.25 3/15/2057 0.13
      MATCHING FUND SPL-A 5 10/1/2032 0.13
      CVI-SUBSER CW NT FRN 11/1/2043 0.13
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.13
      MONROE CO INDL DEV CO 5 7/1/2044 0.13
      LOWER NECHES VLY-REF FRN 5/1/2046 0.13
      INDIANA FIN AUTH-A 5 6/1/2053 0.12
      MI FIN AUTH-A-1-REF 5 11/15/2037 0.12
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.12
      LOUISVILLE CO METRO-A 5 10/1/2038 0.12
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      PA TPK COMM-A-REF 3 12/1/2051 0.12
      ILLINOIS ST-B 5 5/1/2038 0.12
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      LOMPOC UNIF SD-A 5.25 8/1/2054 0.12
      SAN ANTONIO-AMT-REV 5.25 7/1/2045 0.12
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.12
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
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      NY CITY TRANS FIN-F-1 5 2/1/2046 0.12
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      ILLINOIS ST-B 5.25 5/1/2045 0.12
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      HILLSBOROUGH CNTY FL 4 8/1/2045 0.12
      ILLINOIS ST-B 5.25 5/1/2049 0.12
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.12
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.12
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.12
      RESORT CORE PUB DT#1 5.875 3/1/2057 0.12
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      FAIRFAX CNTY SWR REV 5 7/15/2054 0.11
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      CALIFORNIA ST MUNI FI 5 5/15/2043 0.11
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.11
      CA EDUCTNL FACS-A 5 4/1/2042 0.11
      CA STATEWIDE CMNTY 5 5/15/2040 0.11
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.11
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.11
      MA DEV FIN-K1 5 10/1/2036 0.11
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.11
      PR SALES TAX FING-A1 0 7/1/2046 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.11
      CA STWD DEV AUTH-A 6.125 9/2/2048 0.11
      MA DEV FIN AGY 5 10/1/2046 0.11
      MILITARY INSTALLATION 4 6/1/2041 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
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      NEW YORK TRANSPRTN-A 4 12/1/2039 0.11
      CA MUNI FIN AUTH-A 5 7/1/2052 0.11
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.11
      MILITARY INSTALLATION 4 6/1/2052 0.09
      VI PUB FIN AUTH-A 5 10/1/2029 0.10
      HOUSTON-AMT-REV 5.5 7/15/2036 0.10
      SAN DIEGO CNTY CA-B 4 7/1/2046 0.10
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.10
      SIERRA VISTA INDL DEV 5 6/15/2064 0.10
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.10
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      PORT AUTH OF NEW YORK 5 10/15/2030 0.10
      LANCASTER CO HOSP AUT 5 11/1/2041 0.10
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.10
      CA ST HLTH FACS AUTH 4.353 6/1/2041 0.10
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      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 0.10
      CA ST SCH FIN AUTH-A 4 8/1/2061 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      AZ INDL DEV AUTH-A 4 11/1/2049 0.10
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.10
      MET PIER & EXPOSITION 4 12/15/2047 0.10
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.10
      DETROIT 5 4/1/2035 0.10
      PUB FIN AUTH-REF 5.25 6/15/2045 0.10
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      FL DEV FIN CORP-A 5 6/15/2040 0.09
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.09
      AZ INDL DEV AUTH-A 5 11/1/2044 0.09
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.09
      CLEVELAND ETC PORT 5.5 12/1/2043 0.09
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.09
      MONTGOMERY CNTY PA HG 4 9/1/2044 0.09
      INDIANA FIN AUTH-A 5.125 6/1/2058 0.09
      MA DEV FIN AGY-REF 5 10/1/2057 0.09
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.09
      NY ST TWY AUTH-P-REV 5.25 1/1/2054 0.09
      OHIO ST-E-REV-REF 4 1/15/2038 0.09
      MISSION ECON CORP-REV FRN 12/1/2064 0.09
      PALM BEACH CO-REV-A 5.75 10/1/2055 0.09
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      CA INFRASTRUCTURE-B 5 11/1/2049 0.09
      CALIFORNIA STWD CMNTY 5.25 12/1/2038 0.09
      WASHINGTON ST HLTH CA 5 9/1/2050 0.09
      CHICAGO IL BRD OF EDU 6 4/1/2046 0.09
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.09
      AR DEV FIN AUTH 5 2/1/2035 0.09
      CA INFRASTRUCTURE-B 5 11/1/2054 0.09
      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
      MA DEV FIN AGY-LINDEN 5.125 11/15/2046 0.09
      MIDA MOUNTAIN VLG PUB 4 8/1/2050 0.09
      NYC TRANSITIONAL-S-1A 3 7/15/2039 0.09
      MAIN STREET NATURAL-A 5 5/15/2043 0.09
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.09
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.09
      CLEVELAND ETC PORT 5.5 12/1/2053 0.09
      NYC INDL DEV AGY-A 3 1/1/2040 0.09
      ARIZONA ST IDA-A 5 7/15/2049 0.09
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.09
      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.09
      CALIFORNIA STWD CMNTY 5 4/1/2047 0.09
      VI PUB FIN AUTH-A 5 10/1/2034 0.09
      CA MUNI FIN AUTH-A 5 7/1/2040 0.08
      WI CENTER DIST-A-CABS 0 12/15/2046 0.08
      MONROE CO INDL DEV-A 4.72 1/1/2044 0.08
      CAPITAL TRUST AUTH-A 5 6/1/2044 0.08
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2039 0.08
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      IL FIN AUTH 5.25 4/1/2043 0.08
      PR ELEC-REF-DDD 5 7/1/2022 0.08
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      GEISINGER PA AUTH HLT 4 4/1/2039 0.08
      OHIO ST-E-REV-REF 5 1/15/2036 0.08
      CALIFORNIA STWD CMNTY 4 4/1/2042 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2039 0.08
      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      CLARKSVL B LDG ADJ-PO FRN 11/1/2035 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.08
      ARIZONA IDA-B 4 7/1/2051 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
      SPARTANBURG REGL HLTH 4 4/15/2036 0.08
      MONTGOMERY CNTY OH 3 8/1/2040 0.08
      SC PUB SVC-A-UNREFUND 5 12/1/2036 0.08
      AQUARION WTR AUTH-D 5.25 8/1/2042 0.08
      LANCASTER CO HOSP AUT 5 11/1/2040 0.08
      MET ATLANTA-B-REV 5 7/1/2044 0.08
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      ARLINGTON HGR EDU FIN 5 12/1/2036 0.07
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      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.07
      CENTRL TX REGL MOBILI 5 1/1/2045 0.07
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.07
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      CA CMNTY CLG AUTH 5.25 5/1/2043 0.07
      S JERSEY PORT-B-AMT 5 1/1/2042 0.07
      TEXAS ST-B-VAR-REMK FRN 12/1/2043 0.07
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      OROVILLE CA REVENUE 5.25 4/1/2039 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      DETROIT 5 4/1/2036 0.07
      CHICAGO 5 11/1/2038 0.07
      CHICAGO-A 5.5 1/1/2049 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
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      CHICAGO BOE-A-REF 5 12/1/2026 0.07
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      IL FIN AUTH-B-REF 5.25 4/1/2039 0.06
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      US ULTRA BOND CBT Sep26 0.06
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      DETROIT 5 4/1/2031 0.06
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      MA DEV FIN AGY-C 6.125 7/1/2066 0.06
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      RESTRUCTURED-SER A1 5.75 7/1/2031 0.05
      TRANSBAY JT PWRS-A 5 10/1/2039 0.05
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      MIDA MOUNTAIN VLG-1 5.25 6/1/2045 0.05
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      TOBACCO SETTLEMENT-A2 4 6/1/2040 0.05
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      OR COAST COMNTY-CONV 5 6/15/2045 0.05
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      RESTRUCTURED-SER A-2 4.784 7/1/2058 0.05
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      RESTRUCTURED-SER A1 4 7/1/2046 0.05
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      LOS ANGELES -C-REF 5 7/1/2049 0.04
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      LOWELL COLLEGIATE 5 6/15/2054 0.04
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      NYC-D4-ADJ FRN 8/1/2040 0.04
      MET TRANS-C2-UNREFUND 5.175 11/15/2049 0.04
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      BUILD NYC RESOURCE-A 5 6/1/2037 0.04
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      CA ST MUNI FIN AUTH 5 6/1/2035 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      CA SCH FIN AUTH-A 5 7/1/2037 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      OREGON ST-A-REF 5.25 5/1/2042 0.03
      TX PUB FIN AUTH-REV 5.25 5/1/2040 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
      BUILD NYC RES CORP -A 4 6/15/2051 0.03
      IL FIN AUTH-A-REF 5.25 4/1/2041 0.03
      LATROBE INDL DEV AUTH 4 3/1/2051 0.03
      A.B WON PAT AUTH-A 5 10/1/2032 0.03
      ARLINGTON HGR EDU FIN 4 8/15/2041 0.03
      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      CA MUNI FIN AUTH-A 5.25 9/1/2055 0.03
      DAYTON-MONTGOMERY-REV 5 12/1/2044 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
      NTHRN CA TOBACCO-A 4 6/1/2037 0.03
      BUILD NYC RESOURCE-A 5 6/1/2032 0.03
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.03
      TAMPA -A -REV -CABS 0 9/1/2042 0.03
      BUILD NYC RES CORP -A 4 6/15/2041 0.03
      MASSACHUSETTS ST DEV 4 10/1/2045 0.03
      RESTRUCTURED-SER A1 5.625 7/1/2027 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.03
      VERNON-A-REF -REV 5 8/1/2039 0.03
      PR SALES TAX FING-A1 0 7/1/2033 0.03
      VERNON-A-REF -REV 5 8/1/2041 0.02
      INDIANA FIN AUTH-A 5 6/1/2033 0.02
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.02
      FL DEV FIN IMAGINE 4 12/15/2029 0.02
      PR SALES TAX FING-A1 0 7/1/2031 0.02
      NEW YORK TRANSPRTN-A 5 12/1/2035 0.02
      ARIZONA ST INDL DEV A 5 12/15/2039 0.02
      OHIO ST-E-REV-REF 4 1/15/2040 0.02
      VERNON-A-REF -REV 5 8/1/2040 0.02
      ALBANY CAP RESOURCE C 4.5 6/1/2044 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2055 0.02
      PENNSYLVANIA ST ECON 6.5 12/1/2038 0.02
      PR SALES TAX FING-A1 0 7/1/2029 0.02
      BUILD NYC RES CORP -A 4 6/15/2056 0.02
      INDIANA FIN AUTH-A 5 6/1/2032 0.02
      TX PUB FIN AUTH-REV 5.25 5/1/2039 0.02
      ARLINGTON HGR EDU FIN 4 8/15/2036 0.02
      OR COAST COMNTY-CONV 5 6/15/2043 0.02
      CA ST SCH FIN AUTH-A 4 8/1/2036 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2050 0.02
      GUAM INTERNATIONAL AR 5.25 10/1/2035 0.02
      CA SCH FIN-REV-REF 5 7/1/2039 0.01
      DEKALB CO DEV AUTH -A 5 6/1/2040 0.01
      LA PUB FAC-A-PREREFD 4 4/1/2050 0.01
      BUILD NYC RESOURCE-A 2.5 6/15/2031 0.01
      CALIFORNIA PUBLIC FIN 5 11/15/2051 0.01
      OR COAST COMNTY-CONV 5 6/15/2042 0.01
      CVI-HTA 98 SR CLAIM FRN 11/1/2051 0.01
      PR SALES TAX FING-A1 4.55 7/1/2040 0.01
      MARLAND ECON DEV CORP 5 6/1/2044 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2037 0.01
      CAPITAL TRUST AGY-A1 5 7/1/2048 0.01
      A.B WON PAT AUTH-B 5 10/1/2041 0.01
      NTHRN CA TOBACCO-A 4 6/1/2040 0.01
      PR SALES TAX FING-A1 0 7/1/2027 0.01
      N CALIF GAS-LIBOR FRN 7/1/2027 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2035 0.01
      A.B WON PAT AUTH-A 5 10/1/2034 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2038 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2039 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2040 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2041 0.01
      A.B WON PAT AUTH-B 5 10/1/2040 0.01
      A.B WON PAT AUTH-B 5 10/1/2042 0.01
      A.B WON PAT AUTH-B 5 10/1/2043 0.01
      MA CMWLTH -E-TXBL-REF 1.77 11/1/2032 0.00
      RESTRUCTURED-SER A-2 4.536 7/1/2053 0.00
      CA CMNTY HSG AGY-A 5 2/1/2050 0.00
      CAPITAL TRUST AGY-B 5 7/1/2053 0.00
      CASH -0.04

      % Portfolio Weight is calculated using the closing market price of each security from the prior business day.

      Holdings are subject to change. The holdings listed should not be considered recommendations to buy or sell a security.

      Asset Allocation

          Stats & Risks

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Municipal National Intermediate

          Morningstar Rating™ as of 06/30/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 4 Stars (256 funds rated); 3 Yrs. 4 Stars (256 funds rated); 5 Yrs. 3 Stars (239 funds rated); 10 Yrs. 5 Stars (177 funds rated).
          The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

          Lipper Rankings

          • 1 Year
            102 out of 261
          • 3 Year
            37 out of 248
          • 5 Year
            35 out of 241
          • 10 Year
            13 out of 179

          LIPPER CLASSIFICATION General & Insured Municipal Debt Funds

          Lipper Category returns and rankings as of 07/31/26, are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          ETFs trade like stocks, are subject to investment risk, including possible loss of principal.

          Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price decline.

          High yield bonds involve increased credit and liquidity risk than higher rated bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.

          Municipal income may be subject to state and local taxes. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.

          Risk Metrics

          As of  06/30/26  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BMOP
          		5.85 0.78 1.03 96.48 -0.01

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.


          Standard Deviation - Standard deviation is a statistical measure of the degree to which an individual portfolio return tends to vary from the mean, based on the entire population. The greater the degree of dispersion, the greater the degree of risk. In mutual funds, the standard deviation tells us how much the return on the fund is deviating from the expected normal returns.

          Alpha - Alpha is a measure of a security's or portfolio's excess return.

          Beta - Beta is a measure of a security’s or portfolio’s volatility, or systematic risk.

          R-Squared - R-squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index.

          Sharpe Ratio - Sharpe ratio is a risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better.

          Distributions

          Dividend Schedule

          Declared
          Monthly
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31

          Distributions History

          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          08/03/26 08/03/26 08/06/26 0.0840 0.0000 0.0000 0.0000 0.0840
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          07/01/26 07/01/26 07/07/26 0.0795 0.0000 0.0000 0.0000 0.0795
          06/01/26 06/01/26 06/04/26 0.0618 0.0000 0.0000 0.0000 0.0618
          05/01/26 05/01/26 05/06/26 0.0582 0.0000 0.0000 0.0000 0.0582
          04/01/26 04/01/26 04/07/26 0.0529 0.0000 0.0000 0.0000 0.0529
          03/02/26 03/02/26 03/05/26 0.0755 0.0000 0.0000 0.0000 0.0755
          02/02/26 02/02/26 02/05/26 0.0504 0.0000 0.0000 0.0000 0.0504
          Literature

          Literature

          PRODUCT INFORMATION

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          THE BREADTH OF BONDS - MUNICIPAL OPPORTUNITIES BROCHURE Download
          ETF Profile Sheet Download

          BNY Mellon Municipal Opportunities Fund Materials

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          Annual Report - Class M Download
          Semi Annual Report - Class M Download
          Annual Financials and Other Information Download

          Prospectus and Reports

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          Factsheet Download
          Prospectus Download
          Summary Prospectus Download
          SAI Download
          Semi Annual Report Download
          Semi Annual Financials and Other Information Download

          Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or summary prospectus, if available, that contains that and other information about the fund, and read it carefully before investing.

          ETF shares are listed on an exchange, and shares are generally purchased and sold in the secondary market at market price. At times, the market price may be a premium or discount to the ETF's per share NAV. In addition, ETFs are subject to the risk that an active trading market for an ETF's shares may not develop or be maintained. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions. Any applicable brokerage commissions will reduce returns.

          ETFs trade like stocks, are subject to investment risk, including possible loss of principal. The risks of investing in this ETF typically reflect the risks associated with the types of instruments in which the ETF invests. Diversification cannot assure a profit or protect against loss.

          The fund will issue (or redeem) fund shares to certain institutional investors known as “Authorized Participants” (typically market makers or other broker-dealers) only in large blocks of fund shares known as “Creation Units.” BNY Mellon Securities Corporation (“BNYSC”), a subsidiary of BNY, serves as distributor of the fund. BNYSC does not distribute fund shares in less than Creation Units, nor does it maintain a secondary market in fund shares. BNYSC may enter into selected agreements with Authorized Participants for the sale of Creation Units of Creation Units of fund shares.

          Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

          This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular investment, strategy, investment manager or account arrangement and should not serve as a primary basis for investment decisions.

          Please consult a legal, tax or investment professional in order to determine whether an investment product or service is appropriate for a particular situation.

           

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