BNY Mellon Municipal Opportunities Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.7%
1 yr return
5.9%
3 Yr Avg Return
-0.3%
5 Yr Avg Return
1.5%
Net Assets
$1.88 B
Holdings in Top 10
6.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 52.25%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MOTIX - Profile
Distributions
- YTD Total Return 0.7%
- 3 Yr Annualized Total Return -0.3%
- 5 Yr Annualized Total Return 1.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.36%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBNY Mellon Municipal Opportunities Fund
-
Fund Family NameBNY Mellon Funds
-
Inception DateOct 15, 2008
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Flahive
Fund Description
To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. dollar-denominated fixed-income securities that provide income exempt from federal personal income tax (municipal bonds). Municipal bonds are debt securities or other obligations issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies and authorities. While the fund typically invests in a diversified portfolio of municipal bonds, it may invest up to 20% of its net assets in taxable fixed-income securities, including taxable municipal bonds and non-U.S. dollar-denominated foreign debt securities such as Brady bonds and sovereign debt obligations.
The fund invests at least 50% of its net assets in fixed-income securities that are rated investment grade (i.e., Baa/BBB or higher) or are the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). For additional yield, the fund may invest up to 50% of its net assets in fixed-income securities that are rated below investment grade ("high yield" or "junk" bonds) or are the unrated equivalent as determined by BNYM Investment Adviser. The fund may invest in bonds of any maturity or duration and does not expect to target any specific range of maturity or duration. The dollar-weighted average maturity of the fund's portfolio will vary from time to time depending on the portfolio manager's views on the direction of interest rates. A bond's maturity is the length of time until the principal must be fully repaid with interest. Dollar-weighted average maturity is an average of the stated maturities of the securities held by the fund, based on their dollar-weighted proportions in the fund. 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's portfolio manager seeks to deliver value added excess returns ("alpha") by applying an investment approach designed to identify and exploit relative value opportunities within the municipal bond market and other fixed-income markets.
The fund typically sells a security when the fund's portfolio manager believes that there has been a negative change in the credit quality of the issuer or has identified a more attractive opportunity or when the portfolio manager seeks to manage the fund's duration or tax position or to provide liquidity to meet shareholder redemptions.
The fund may use derivatives as a substitute for investing directly in an underlying asset, to increase returns, to manage duration, interest rate or foreign currency risk, or as part of a hedging strategy. The derivative instruments in which the fund may invest include typically futures (including those relating to securities, indices, foreign currencies and interest rates). The fund also may purchase or sell securities on a forward commitment, when-issued or delayed-delivery basis, which means delivery and payment take place at a future date at a predetermined price and/or yield.
MOTIX - Performance
Return Ranking - Trailing
Period | MOTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -2.7% | 12.2% | 5.68% |
1 Yr | 5.9% | -3.0% | 38.5% | 3.43% |
3 Yr | -0.3%* | -10.3% | 3.3% | 28.02% |
5 Yr | 1.5%* | -5.7% | 1102.9% | 15.10% |
10 Yr | 2.8%* | -0.2% | 248.3% | 13.15% |
* Annualized
Return Ranking - Calendar
Period | MOTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -1.4% | 41.0% | 10.04% |
2022 | -14.0% | -39.7% | 0.3% | 82.19% |
2021 | 0.7% | -5.6% | 6.9% | 11.51% |
2020 | 2.0% | -2.6% | 310.0% | 36.92% |
2019 | 4.5% | 0.0% | 26.0% | 26.77% |
Total Return Ranking - Trailing
Period | MOTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.7% | -2.7% | 12.2% | 5.68% |
1 Yr | 5.9% | -3.0% | 38.5% | 3.43% |
3 Yr | -0.3%* | -10.3% | 3.3% | 28.02% |
5 Yr | 1.5%* | -5.7% | 1102.9% | 15.10% |
10 Yr | 2.8%* | -0.2% | 248.3% | 13.15% |
* Annualized
Total Return Ranking - Calendar
Period | MOTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.7% | -1.3% | 41.0% | 7.71% |
2022 | -10.3% | -39.7% | 1.1% | 64.26% |
2021 | 3.4% | -4.8% | 23761504.0% | 11.77% |
2020 | 4.7% | -1.5% | 17057.9% | 20.89% |
2019 | 6.3% | 0.2% | 3514.6% | 56.10% |
NAV & Total Return History
MOTIX - Holdings
Concentration Analysis
MOTIX | Category Low | Category High | MOTIX % Rank | |
---|---|---|---|---|
Net Assets | 1.88 B | 3.48 M | 68.1 B | 18.25% |
Number of Holdings | 726 | 2 | 12848 | 15.27% |
Net Assets in Top 10 | 125 M | -317 M | 3.4 B | 34.79% |
Weighting of Top 10 | 6.36% | 1.9% | 100.4% | 94.20% |
Top 10 Holdings
- CLIFTON HIGHER EDUCATION FINANCE CORP 0.91%
- PUERTO RICO COMMONWEALTH AQUEDUCT SEWER AUTHORITY 0.78%
- COMMONWEALTH OF MASSACHUSETTS 0.66%
- CITY OF NEW YORK NY 0.61%
- HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION 0.61%
- PERMANENT UNIVERSITY FUND - UNIVERSITY OF TEXAS SYSTEM 0.57%
- STATE OF WASHINGTON 0.56%
- ILLINOIS STATE TOLL HIGHWAY AUTHORITY 0.55%
- INTERMOUNTAIN POWER AGENCY 0.55%
- CHICAGO BOARD OF EDUCATION 0.55%
Asset Allocation
Weighting | Return Low | Return High | MOTIX % Rank | |
---|---|---|---|---|
Bonds | 99.05% | 0.00% | 150.86% | 36.70% |
Cash | 9.49% | -50.86% | 50.09% | 2.19% |
Stocks | 0.00% | 0.00% | 99.80% | 14.94% |
Preferred Stocks | 0.00% | 0.00% | 0.52% | 4.32% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 4.33% |
Other | -8.54% | -8.54% | 33.35% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MOTIX % Rank | |
---|---|---|---|---|
Municipal | 98.90% | 44.39% | 100.00% | 41.66% |
Corporate | 0.95% | 0.00% | 9.41% | 3.30% |
Cash & Equivalents | 0.00% | 0.00% | 48.02% | 58.25% |
Securitized | 0.00% | 0.00% | 5.93% | 6.14% |
Government | 0.00% | 0.00% | 52.02% | 11.84% |
Derivative | -8.54% | -8.54% | 23.38% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MOTIX % Rank | |
---|---|---|---|---|
US | 99.05% | 0.00% | 142.23% | 34.54% |
Non US | 0.00% | 0.00% | 23.89% | 13.40% |
MOTIX - Expenses
Operational Fees
MOTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.01% | 20.65% | 29.81% |
Management Fee | 0.50% | 0.00% | 1.20% | 79.52% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 51.12% |
Sales Fees
MOTIX 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
MOTIX 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.
MOTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.25% | 0.00% | 283.00% | 93.13% |
MOTIX - Distributions
Dividend Yield Analysis
MOTIX | Category Low | Category High | MOTIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.99% | 0.00% | 14.36% | 29.36% |
Dividend Distribution Analysis
MOTIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MOTIX | Category Low | Category High | MOTIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.36% | -0.53% | 5.33% | 25.90% |
Capital Gain Distribution Analysis
MOTIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.031 | OrdinaryDividend |
Jan 31, 2024 | $0.034 | DailyAccrualFund |
Dec 30, 2023 | $0.034 | DailyAccrualFund |
Nov 30, 2023 | $0.032 | DailyAccrualFund |
Oct 31, 2023 | $0.034 | DailyAccrualFund |
Sep 30, 2023 | $0.030 | DailyAccrualFund |
Aug 31, 2023 | $0.032 | DailyAccrualFund |
Jul 29, 2023 | $0.032 | DailyAccrualFund |
Jun 30, 2023 | $0.031 | DailyAccrualFund |
May 31, 2023 | $0.034 | DailyAccrualFund |
Apr 29, 2023 | $0.030 | DailyAccrualFund |
Mar 31, 2023 | $0.033 | DailyAccrualFund |
Feb 28, 2023 | $0.030 | DailyAccrualFund |
Jan 31, 2023 | $0.034 | DailyAccrualFund |
Dec 30, 2022 | $0.032 | DailyAccrualFund |
Nov 30, 2022 | $0.031 | DailyAccrualFund |
Oct 31, 2022 | $0.032 | DailyAccrualFund |
Sep 30, 2022 | $0.030 | DailyAccrualFund |
Aug 31, 2022 | $0.032 | DailyAccrualFund |
Jul 29, 2022 | $0.028 | DailyAccrualFund |
Jun 30, 2022 | $0.028 | DailyAccrualFund |
May 31, 2022 | $0.030 | DailyAccrualFund |
Apr 29, 2022 | $0.026 | DailyAccrualFund |
Mar 31, 2022 | $0.026 | DailyAccrualFund |
Feb 28, 2022 | $0.023 | DailyAccrualFund |
Jan 31, 2022 | $0.026 | DailyAccrualFund |
Dec 31, 2021 | $0.027 | DailyAccrualFund |
Nov 30, 2021 | $0.027 | DailyAccrualFund |
Oct 29, 2021 | $0.025 | DailyAccrualFund |
Sep 30, 2021 | $0.025 | DailyAccrualFund |
Aug 31, 2021 | $0.027 | DailyAccrualFund |
Jul 30, 2021 | $0.025 | DailyAccrualFund |
Jun 30, 2021 | $0.029 | DailyAccrualFund |
May 28, 2021 | $0.025 | DailyAccrualFund |
Apr 30, 2021 | $0.027 | DailyAccrualFund |
Mar 31, 2021 | $0.030 | DailyAccrualFund |
Feb 26, 2021 | $0.025 | DailyAccrualFund |
Jan 29, 2021 | $0.026 | DailyAccrualFund |
Dec 31, 2020 | $0.029 | DailyAccrualFund |
Nov 30, 2020 | $0.029 | DailyAccrualFund |
Oct 30, 2020 | $0.028 | DailyAccrualFund |
Sep 30, 2020 | $0.028 | DailyAccrualFund |
Aug 31, 2020 | $0.030 | DailyAccrualFund |
Jul 31, 2020 | $0.030 | DailyAccrualFund |
Jun 30, 2020 | $0.031 | DailyAccrualFund |
May 29, 2020 | $0.029 | DailyAccrualFund |
Apr 30, 2020 | $0.030 | DailyAccrualFund |
Mar 31, 2020 | $0.033 | DailyAccrualFund |
Feb 28, 2020 | $0.029 | DailyAccrualFund |
Jan 31, 2020 | $0.032 | DailyAccrualFund |
Dec 31, 2019 | $0.001 | DailyAccrualFund |
Nov 29, 2019 | $0.001 | DailyAccrualFund |
Oct 31, 2019 | $0.001 | DailyAccrualFund |
Sep 30, 2019 | $0.001 | DailyAccrualFund |
Aug 30, 2019 | $0.001 | DailyAccrualFund |
Jul 31, 2019 | $0.001 | DailyAccrualFund |
Jun 28, 2019 | $0.030 | DailyAccrualFund |
May 31, 2019 | $0.033 | DailyAccrualFund |
Apr 30, 2019 | $0.034 | DailyAccrualFund |
Mar 29, 2019 | $0.032 | DailyAccrualFund |
Feb 28, 2019 | $0.031 | DailyAccrualFund |
Jan 31, 2019 | $0.034 | DailyAccrualFund |
Dec 31, 2018 | $0.034 | DailyAccrualFund |
Nov 30, 2018 | $0.033 | DailyAccrualFund |
Oct 31, 2018 | $0.034 | DailyAccrualFund |
Aug 31, 2018 | $0.033 | DailyAccrualFund |
Jun 29, 2018 | $0.034 | DailyAccrualFund |
May 31, 2018 | $0.036 | DailyAccrualFund |
Apr 30, 2018 | $0.036 | DailyAccrualFund |
Mar 29, 2018 | $0.033 | DailyAccrualFund |
Feb 28, 2018 | $0.033 | DailyAccrualFund |
Jan 31, 2018 | $0.038 | DailyAccrualFund |
Dec 29, 2017 | $0.033 | DailyAccrualFund |
Nov 30, 2017 | $0.034 | DailyAccrualFund |
Oct 31, 2017 | $0.035 | DailyAccrualFund |
Sep 29, 2017 | $0.030 | DailyAccrualFund |
Aug 31, 2017 | $0.031 | DailyAccrualFund |
Jul 31, 2017 | $0.033 | DailyAccrualFund |
Jun 30, 2017 | $0.033 | DailyAccrualFund |
May 31, 2017 | $0.037 | DailyAccrualFund |
Apr 28, 2017 | $0.031 | DailyAccrualFund |
Mar 31, 2017 | $0.035 | DailyAccrualFund |
Feb 28, 2017 | $0.032 | DailyAccrualFund |
Jan 31, 2017 | $0.035 | DailyAccrualFund |
Dec 30, 2016 | $0.035 | DailyAccrualFund |
Nov 30, 2016 | $0.037 | DailyAccrualFund |
Oct 31, 2016 | $0.037 | DailyAccrualFund |
Sep 30, 2016 | $0.035 | DailyAccrualFund |
Aug 31, 2016 | $0.039 | DailyAccrualFund |
Jul 29, 2016 | $0.034 | DailyAccrualFund |
Jun 30, 2016 | $0.036 | DailyAccrualFund |
May 31, 2016 | $0.039 | DailyAccrualFund |
Apr 29, 2016 | $0.035 | DailyAccrualFund |
Mar 31, 2016 | $0.038 | DailyAccrualFund |
Feb 29, 2016 | $0.037 | DailyAccrualFund |
Jan 29, 2016 | $0.036 | DailyAccrualFund |
Dec 31, 2015 | $0.038 | DailyAccrualFund |
Nov 30, 2015 | $0.037 | DailyAccrualFund |
Oct 30, 2015 | $0.037 | DailyAccrualFund |
Sep 30, 2015 | $0.037 | DailyAccrualFund |
Aug 31, 2015 | $0.037 | DailyAccrualFund |
Jul 31, 2015 | $0.037 | DailyAccrualFund |
Jun 30, 2015 | $0.038 | DailyAccrualFund |
May 29, 2015 | $0.034 | DailyAccrualFund |
Apr 30, 2015 | $0.034 | DailyAccrualFund |
Mar 31, 2015 | $0.033 | DailyAccrualFund |
Feb 27, 2015 | $0.030 | DailyAccrualFund |
Jan 30, 2015 | $0.034 | DailyAccrualFund |
Dec 31, 2014 | $0.039 | DailyAccrualFund |
Nov 28, 2014 | $0.033 | DailyAccrualFund |
Oct 31, 2014 | $0.037 | DailyAccrualFund |
Sep 30, 2014 | $0.038 | DailyAccrualFund |
Aug 29, 2014 | $0.033 | DailyAccrualFund |
Jul 31, 2014 | $0.036 | DailyAccrualFund |
Jun 30, 2014 | $0.037 | DailyAccrualFund |
May 30, 2014 | $0.036 | DailyAccrualFund |
Apr 30, 2014 | $0.037 | DailyAccrualFund |
Mar 31, 2014 | $0.041 | DailyAccrualFund |
Feb 28, 2014 | $0.036 | DailyAccrualFund |
Jan 31, 2014 | $0.041 | DailyAccrualFund |
Dec 31, 2013 | $0.042 | DailyAccrualFund |
Nov 29, 2013 | $0.038 | DailyAccrualFund |
Oct 31, 2013 | $0.040 | DailyAccrualFund |
Sep 30, 2013 | $0.037 | DailyAccrualFund |
Aug 30, 2013 | $0.036 | DailyAccrualFund |
Jul 31, 2013 | $0.037 | DailyAccrualFund |
Jun 28, 2013 | $0.028 | DailyAccrualFund |
May 31, 2013 | $0.031 | DailyAccrualFund |
Apr 30, 2013 | $0.031 | DailyAccrualFund |
Mar 28, 2013 | $0.027 | DailyAccrualFund |
Feb 28, 2013 | $0.027 | DailyAccrualFund |
Jan 31, 2013 | $0.032 | DailyAccrualFund |
Dec 31, 2012 | $0.038 | DailyAccrualFund |
Nov 30, 2012 | $0.037 | DailyAccrualFund |
Oct 31, 2012 | $0.040 | DailyAccrualFund |
Sep 28, 2012 | $0.034 | DailyAccrualFund |
Aug 31, 2012 | $0.038 | DailyAccrualFund |
Jul 31, 2012 | $0.038 | DailyAccrualFund |
Jun 29, 2012 | $0.036 | DailyAccrualFund |
May 31, 2012 | $0.039 | DailyAccrualFund |
Apr 30, 2012 | $0.037 | DailyAccrualFund |
Mar 30, 2012 | $0.032 | DailyAccrualFund |
Feb 29, 2012 | $0.032 | DailyAccrualFund |
Jan 31, 2012 | $0.043 | DailyAccrualFund |
Dec 30, 2011 | $0.044 | DailyAccrualFund |
Nov 30, 2011 | $0.042 | DailyAccrualFund |
Oct 31, 2011 | $0.044 | DailyAccrualFund |
Sep 30, 2011 | $0.042 | DailyAccrualFund |
Aug 31, 2011 | $0.046 | DailyAccrualFund |
Jul 29, 2011 | $0.041 | DailyAccrualFund |
Jun 30, 2011 | $0.041 | DailyAccrualFund |
May 31, 2011 | $0.045 | DailyAccrualFund |
Apr 29, 2011 | $0.040 | DailyAccrualFund |
Mar 31, 2011 | $0.041 | DailyAccrualFund |
Feb 28, 2011 | $0.034 | DailyAccrualFund |
Jan 31, 2011 | $0.037 | DailyAccrualFund |
Dec 31, 2010 | $0.042 | DailyAccrualFund |
Nov 30, 2010 | $0.039 | DailyAccrualFund |
Oct 29, 2010 | $0.033 | DailyAccrualFund |
Sep 30, 2010 | $0.031 | DailyAccrualFund |
Aug 31, 2010 | $0.033 | DailyAccrualFund |
Jul 30, 2010 | $0.034 | DailyAccrualFund |
Jun 30, 2010 | $0.049 | DailyAccrualFund |
May 28, 2010 | $0.041 | DailyAccrualFund |
Apr 30, 2010 | $0.041 | DailyAccrualFund |
Mar 31, 2010 | $0.048 | DailyAccrualFund |
Feb 26, 2010 | $0.041 | DailyAccrualFund |
Jan 29, 2010 | $0.040 | DailyAccrualFund |
Dec 31, 2009 | $0.040 | DailyAccrualFund |
Nov 30, 2009 | $0.042 | DailyAccrualFund |
Oct 30, 2009 | $0.040 | DailyAccrualFund |
Sep 30, 2009 | $0.042 | DailyAccrualFund |
Aug 31, 2009 | $0.045 | DailyAccrualFund |
Jul 31, 2009 | $0.044 | DailyAccrualFund |
Jun 30, 2009 | $0.041 | DailyAccrualFund |
May 29, 2009 | $0.034 | DailyAccrualFund |
Apr 30, 2009 | $0.034 | DailyAccrualFund |
Mar 31, 2009 | $0.037 | DailyAccrualFund |
Feb 27, 2009 | $0.030 | DailyAccrualFund |
Jan 30, 2009 | $0.028 | DailyAccrualFund |
Dec 31, 2008 | $0.036 | DailyAccrualFund |
Nov 28, 2008 | $0.029 | DailyAccrualFund |
Oct 31, 2008 | $0.012 | OrdinaryDividend |
MOTIX - Fund Manager Analysis
Managers
John Flahive
Start Date
Tenure
Tenure Rank
Oct 15, 2008
13.63
13.6%
John F. Flahive, CFA, has been employed by Dreyfus since November 1994. He is a senior vice president of The Bank of New York Mellon, which he joined in October 1994.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |