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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

$12.48

$1.88 B

2.99%

$0.37

1.00%

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

$12.5
N/A
N/A

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 03/27/2024

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

$12.48

$1.88 B

2.99%

$0.37

1.00%

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%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BNY Mellon Municipal Opportunities Fund
  • Fund Family Name
    BNY Mellon Funds
  • Inception Date
    Oct 15, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John 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.

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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

  1. CLIFTON HIGHER EDUCATION FINANCE CORP 0.91%
  2. PUERTO RICO COMMONWEALTH AQUEDUCT SEWER AUTHORITY 0.78%
  3. COMMONWEALTH OF MASSACHUSETTS 0.66%
  4. CITY OF NEW YORK NY 0.61%
  5. HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION 0.61%
  6. PERMANENT UNIVERSITY FUND - UNIVERSITY OF TEXAS SYSTEM 0.57%
  7. STATE OF WASHINGTON 0.56%
  8. ILLINOIS STATE TOLL HIGHWAY AUTHORITY 0.55%
  9. INTERMOUNTAIN POWER AGENCY 0.55%
  10. 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

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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