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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.53

$93.5 M

2.05%

$0.24

1.04%

Vitals

YTD Return

-0.2%

1 yr return

2.9%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

1.0%

Net Assets

$93.5 M

Holdings in Top 10

19.9%

52 WEEK LOW AND HIGH

$11.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.09%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.53

$93.5 M

2.05%

$0.24

1.04%

MIPAX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
  • Fund Family Name
    BNY Mellon Funds
  • Inception Date
    Jul 18, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mary O'Brien

Fund Description

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 federal and Pennsylvania state personal income taxes. These municipal bonds include those issued by the Commonwealth of Pennsylvania as well as those issued by territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities.

The fund's investments in municipal and taxable bonds must be rated investment grade (i.e., Baa/BBB or higher) at the time of purchase or, if unrated, deemed of comparable quality by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Generally, the fund's average effective portfolio maturity will be between three and ten years and the average effective duration of the fund's portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration. A bond's maturity is the length of time until the principal must be fully repaid with interest. Average effective portfolio maturity is an average of the maturities of bonds held by the fund directly and the bonds underlying derivative instruments entered into by the fund, if any, adjusted to reflect provisions or market conditions that may cause a bond's principal to be repaid earlier than at its stated maturity. 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.

The fund typically sells a security when the fund's portfolio managers believe that there has been a negative change in the credit quality of the issuer or have identified a more attractive opportunity or when the portfolio managers seek to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.

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MIPAX - Performance

Return Ranking - Trailing

Period MIPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.7% 12.2% 75.97%
1 Yr 2.9% -3.0% 38.5% 68.78%
3 Yr -0.6%* -10.3% 3.3% 46.07%
5 Yr 1.0%* -5.7% 1102.9% 48.20%
10 Yr 1.7%* -0.2% 248.3% 59.64%

* Annualized

Return Ranking - Calendar

Period MIPAX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -1.4% 41.0% 43.01%
2022 -9.3% -39.7% 0.3% 29.63%
2021 -1.6% -5.6% 6.9% 93.39%
2020 1.6% -2.6% 310.0% 53.82%
2019 4.3% 0.0% 26.0% 32.04%

Total Return Ranking - Trailing

Period MIPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.7% 12.2% 75.97%
1 Yr 2.9% -3.0% 38.5% 68.78%
3 Yr -0.6%* -10.3% 3.3% 46.07%
5 Yr 1.0%* -5.7% 1102.9% 48.20%
10 Yr 1.7%* -0.2% 248.3% 59.64%

* Annualized

Total Return Ranking - Calendar

Period MIPAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -1.3% 41.0% 58.68%
2022 -7.4% -39.7% 1.1% 30.88%
2021 1.1% -4.8% 23761504.0% 62.76%
2020 3.7% -1.5% 17057.9% 54.97%
2019 6.8% 0.2% 3514.6% 41.68%

NAV & Total Return History


MIPAX - Holdings

Concentration Analysis

MIPAX Category Low Category High MIPAX % Rank
Net Assets 93.5 M 3.48 M 68.1 B 87.36%
Number of Holdings 97 2 12848 86.40%
Net Assets in Top 10 17.1 M -317 M 3.4 B 89.95%
Weighting of Top 10 19.86% 1.9% 100.4% 39.72%

Top 10 Holdings

  1. NEW YORK LIBERTY DEVELOPMENT CORP 2.51%
  2. PENNSYLVANIA STATE UNIVERSITY/THE 2.41%
  3. PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.27%
  4. SUSQUEHANNA TOWNSHIP SCHOOL DISTRICT 1.94%
  5. SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY 1.92%
  6. COMMONWEALTH FINANCING AUTHORITY 1.85%
  7. CITY OF PHILADELPHIA PA AIRPORT REVENUE 1.84%
  8. LEBANON SCHOOL DISTRICT 1.79%
  9. NEW YORK LIBERTY DEVELOPMENT CORP 1.75%
  10. NEW YORK TRANSPORTATION DEVELOPMENT CORP 1.57%

Asset Allocation

Weighting Return Low Return High MIPAX % Rank
Bonds
99.76% 0.00% 150.86% 17.45%
Cash
1.32% -50.86% 50.09% 47.29%
Stocks
0.00% 0.00% 99.80% 90.47%
Preferred Stocks
0.00% 0.00% 0.52% 64.43%
Convertible Bonds
0.00% 0.00% 0.93% 64.36%
Other
-1.08% -8.54% 33.35% 99.23%

Bond Sector Breakdown

Weighting Return Low Return High MIPAX % Rank
Municipal
99.94% 44.39% 100.00% 15.46%
Cash & Equivalents
0.00% 0.00% 48.02% 84.47%
Securitized
0.00% 0.00% 5.93% 65.07%
Corporate
0.00% 0.00% 9.41% 68.89%
Government
0.00% 0.00% 52.02% 66.75%
Derivative
-1.08% -8.54% 23.38% 99.29%

Bond Geographic Breakdown

Weighting Return Low Return High MIPAX % Rank
US
99.76% 0.00% 142.23% 15.79%
Non US
0.00% 0.00% 23.89% 91.88%

MIPAX - Expenses

Operational Fees

MIPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.01% 20.65% 28.45%
Management Fee 0.50% 0.00% 1.20% 86.93%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 82.56%

Sales Fees

MIPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

MIPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MIPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.09% 0.00% 283.00% 92.01%

MIPAX - Distributions

Dividend Yield Analysis

MIPAX Category Low Category High MIPAX % Rank
Dividend Yield 2.05% 0.00% 14.36% 81.71%

Dividend Distribution Analysis

MIPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MIPAX Category Low Category High MIPAX % Rank
Net Income Ratio 1.68% -0.53% 5.33% 63.47%

Capital Gain Distribution Analysis

MIPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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MIPAX - Fund Manager Analysis

Managers

Mary O'Brien


Start Date

Tenure

Tenure Rank

Oct 02, 2000

21.67

21.7%

Mary Collette O'Brien, CFA, has been employed by Dreyfus since July 1996. She is a managing director of The Bank of New York Mellon, which she joined in April 1995. O'Brien is a member of the New York Society of Security Analysts. O'Brien holds the Chartered Financial Analyst designation.

Gregory Conant


Start Date

Tenure

Tenure Rank

Sep 15, 2015

6.71

6.7%

Gregory J. Conant, CFA, has been employed by Dreyfus since September 2015. He is a vice president of The Bank of New York Mellon, which he joined in June 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58