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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 24.73 As of  04/07/26
    • CHG  $ 0.02 (0.08 %)
    • MKT PRICE  $24.65 As of  04/07/26
    • CHG  $-0.05 (-0.20 %)
    • TOTAL EXPENSE RATIO 
      0.54% 
      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
    $1,805,863,374  As of  04/07/26
    NUMBER OF SHARES OUTSTANDING
    73,020,124  As of  04/07/26
    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
    7.93 yr(s). As of  02/28/26
    WEIGHTED AVG YIELD TO MATURITY
    5.61% As of  02/28/26
    WEIGHTED AVG MATURITY
    9.65 yr(s). As of  02/28/26
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Municipal National Intermediate
    Morningstar Overall Rating
    Number of Holdings
    686 As of  02/28/26
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Morningstar Rating™ as of February 28, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 5 Stars (254 funds rated); 3 Yrs. 4 Stars (254 funds rated); 5 Yrs. 4 Stars (232 funds rated); 10 Yrs. 5 Stars (175 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/07/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  04/07/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    3.93 3.93 1.34 - 0.54 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.

    Performance

    Daily Statistics

    As of  04/07/26 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% 94,636 140,899 -0.33% 0.53%

    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 03/31/26
    Name 3 MO
    03/31/26     		YTD
    03/31/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-0.09 -0.09 3.44 3.78 1.09 2.70 5.29
    Bloomberg U.S. Municipal Bond Index
    		-0.18 -0.18 4.29 2.87 0.84 2.16 -
    S&P Municipal Bond Index
    		-0.18 -0.18 4.32 3.13 1.08 2.25 -

    Quarter End

    MARKET PRICE
    Average Annual
    As of 03/31/26
    Name 3 MO
    03/31/26     		YTD
    03/31/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-0.09 -0.09 3.44 3.78 1.09 2.70 5.29
    Bloomberg U.S. Municipal Bond Index
    		-0.18 -0.18 4.29 2.87 0.84 2.16 -
    S&P Municipal Bond Index
    		-0.18 -0.18 4.32 3.13 1.08 2.25 -

    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 Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

    The S&P Municipal Bond Index is a broad, market value-weighted index that seeks to measure the performance of the U.S. municipal bond market.

    The Bloomberg U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. 

    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  04/07/26 Q1 2026
      Days Traded at Premium
      		15
      Days Traded at Discount
      		38

      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%
      Net Expenses 0.54%

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

      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

      Download Total Holdings
      As of 04/08/26
      Holdings % Portfolio Weight
      Net Current Assets 1.02
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.89
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.88
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.78
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.73
      MA BAY TRANS AUTH-A 5 7/1/2038 0.67
      UNIV OF TEXAS SYS BRD 5 7/1/2041 0.62
      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 0.59
      MAIN STREET NATURAL-C FRN 12/1/2054 0.58
      TENNERGY CORP -A FRN 10/1/2054 0.58
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.58
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.58
      TRIBOROUGH BRIDGE-A-3 5.25 5/15/2064 0.57
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.57
      BLACK BELT ENERGY GAS FRN 10/1/2052 0.56
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.54
      HIGH STAR RANCH FING 6.25 12/1/2055 0.50
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.49
      PR SALES TAX FING-A1 5 7/1/2058 0.47
      WA MET AREA TRANSIT-A 3 7/15/2040 0.46
      MATCHING FUND SPL-A 5 10/1/2039 0.45
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.44
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.44
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.43
      CHICAGO-A-REV 5.25 1/1/2041 0.43
      TX PRIVATE ACTIVITY 5.5 12/31/2058 0.42
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.42
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.42
      MASSACHUSETTS ST 5 11/1/2045 0.41
      BUILD NYC RESOURCE-A 7 12/15/2065 0.41
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.40
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.40
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.40
      CA CMNTY CHOICE-A-1 FRN 4/1/2056 0.39
      VA PORT AUTH 5 7/1/2043 0.39
      RI HLTH-PROVIDENCE 5 11/1/2045 0.39
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.38
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.38
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.37
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.37
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.37
      SAN FRANCISCO APRT-A 5 5/1/2044 0.37
      CHICAGO 5 11/1/2039 0.36
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.36
      CA CMNTY CHOICE FING FRN 1/1/2054 0.35
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.34
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.34
      FULTON CNTY GA DEV AU 5 3/15/2044 0.34
      FL DEV FIN CORP-A 5 6/15/2050 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.34
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.34
      MET TRANSPRTN-C-1 5 11/15/2050 0.33
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.33
      CA MUNI FIN AUTH 5 5/15/2048 0.33
      TX WTR DEV BRD-REV 5 8/1/2044 0.33
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.33
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.32
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.30
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.32
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.32
      DT OF COLUMBIA 5.25 1/1/2048 0.31
      JPM-DRIVERS-XL0619 FRN 5/15/2048 0.31
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.31
      NY ST TRANS DEV CORP 5 12/1/2041 0.31
      MA DEV FIN AGY-A 5.25 1/1/2042 0.31
      CA MUNI AUTH-1-A-1 4.05 7/20/2041 0.31
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.31
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.30
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.30
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.30
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.30
      COLLIN CNTY 5 2/15/2040 0.30
      DASNY 5 10/1/2038 0.30
      ILLINOIS ST-B 5 6/15/2039 0.30
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.30
      OK TPK AUTH-A 5.5 1/1/2054 0.30
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.30
      MET PIER CAB-A-AG 0 12/15/2040 0.30
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.30
      CONNECTICUT ST-B 3 6/1/2038 0.30
      ILLINOIS ST-D 5 11/1/2028 0.29
      OK TPK AUTH-A 5.25 1/1/2050 0.29
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.29
      HOUSTON-A-REF 5.25 3/1/2049 0.29
      NEW YORK-D 5.25 4/1/2047 0.29
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.29
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.29
      COOK CO-A-REF 5.25 11/15/2045 0.29
      KY PUB ENERGY-A FRN 5/1/2055 0.29
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.29
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.29
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.29
      MAIN STREET NATURAL-B FRN 12/1/2052 0.29
      MASSACHUSETTS ST 5 7/1/2045 0.29
      MASSACHUSETTS ST-A 5 1/1/2041 0.29
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.29
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.29
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.29
      UNIV OF CALIFORNIA-AZ 5 5/15/2043 0.29
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.29
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.28
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.28
      CA MUNI FIN AUTH 5 5/15/2040 0.28
      PROJECTNEW YORK TRANS 5 10/1/2040 0.28
      AUBURN UNIV GEN FEE 5 6/1/2048 0.28
      TRIBOROUGH BRIDGE 5 11/15/2049 0.28
      CA MUNI FIN AUTH 5 5/15/2043 0.28
      BUILD NYC RESOURCE-A 7 12/15/2055 0.28
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.28
      CASH 0.28
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.28
      BEAUMONT PORT NAV-B 10 7/1/2026 0.28
      LOUDOUN IDA VAR-F-HOW FRN 2/15/2038 0.28
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.28
      NEW HOPE EDU FACS-A-1 5.25 1/1/2042 0.27
      MINNEAPOLIS -REV 4 11/15/2038 0.27
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.27
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.27
      CLIFTON HGR EDU-REF 4 8/15/2044 0.27
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.26
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.26
      ARLINGTON CNTY VA IND 4 7/1/2045 0.26
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.26
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.26
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.26
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.26
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.25
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.25
      OHIO ST 3 5/1/2039 0.25
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.24
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.24
      CLIFTON HGR EDU 5 8/15/2047 0.24
      IA ST FIN AUTH 5 8/1/2042 0.24
      CALIFORNIA ST 5.25 10/1/2045 0.24
      MET WASHINGTON DC-B 4 10/1/2053 0.24
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.24
      HOUSTON-A-REF 5 3/1/2042 0.24
      PR SALES TAX FING-A1 4.5 7/1/2034 0.24
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.24
      OHIO ST-REV-REF 4 10/1/2042 0.24
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.24
      TRIBOROUGH BRID-C-1A 5 5/15/2040 0.24
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.23
      MIDA MOUNTAIN VETERAN 5.2 6/1/2054 0.23
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.23
      MET WA DC ARPTS-CABS 0 10/1/2036 0.23
      NY ST TRANS DEV CORP 5 12/1/2039 0.23
      NTHRN IN COMMUTER-REV 5 1/1/2054 0.23
      PUB FIN AUTH 4.25 7/1/2054 0.23
      PUBLIC FIN AUTH-A 5.5 7/1/2044 0.23
      MA ST DEV FIN AGY-N 5 12/1/2041 0.23
      SIERRA VISTA INDL DEV 6.5 6/15/2055 0.22
      OHIO ST-REV-REF 4 10/1/2047 0.22
      TOBACCO SETTLEMENT-A 5 6/1/2046 0.22
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.22
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.22
      NYC INDL DEV AGY-A 3 1/1/2046 0.21
      CO SCH MINES BRD-A 5 12/1/2054 0.21
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.21
      VI HOTEL DEV FIN-A-1 6 12/1/2055 0.21
      WI CENTER DIST-A-CABS 0 12/15/2044 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
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.21
      SEMINOLE CO-REV-REF 5 10/1/2052 0.20
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.20
      TX WTR DEV BRD -REV 5 10/15/2057 0.20
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.20
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.20
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.20
      BUILD NYC RESOURCE-A 6.5 12/15/2045 0.20
      ARLINGTON HGR EDU 4.5 8/15/2050 0.19
      CLARKSVILLE BLDG-POOL FRN 2/1/2038 0.19
      NV DEPT OF BUS SER B FRN 1/1/2065 0.19
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.19
      N DAKOTA ST HSG FIN 4.55 7/1/2048 0.19
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.19
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.18
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.18
      FOREST LAKE MN CHARTE 5 7/1/2056 0.18
      CA PUB FIN AUTH -A 4 7/15/2051 0.18
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.18
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.18
      HOUSTON-A-REF 5 3/1/2040 0.18
      CA CMNTY HSG AGY-A 4 2/1/2056 0.18
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.18
      TEMPLE ISD 5 2/1/2044 0.18
      SIERRA VISTA INDL DEV 5 6/15/2054 0.18
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.18
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.18
      GREATER ORLANDO 5.5 11/1/2037 0.17
      VA SMALL BUSINESS FIN 4 1/1/2048 0.17
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.17
      MATCHING FUND SPL-A 5 10/1/2030 0.17
      NYC MUNI WTR-BB FRN 6/15/2051 0.17
      NY ST TRANS DEV CORP 5 12/1/2042 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 10/1/2049 0.17
      CALIFORNIA ST EDUCTNL 5 10/1/2048 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.17
      CA ST MUNI FIN-AMT 4 7/15/2029 0.17
      IL FIN AUTH-A-REF 5 5/15/2037 0.17
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.17
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 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 0.16
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.16
      MET SAINT LOUIS SWR 5 5/1/2047 0.16
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      ARKANSAS UNIV BRD-A 5 11/1/2049 0.16
      MISSION ECON DEV-AMT 4.625 10/1/2031 0.16
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.16
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.16
      GEO L SMITH II GA CON 5 1/1/2054 0.16
      VA SMALL BUS FIN-A 4 1/1/2045 0.16
      DIST OF COLUMBIA- REV 5 7/1/2049 0.15
      CMFA FIN AGY-A-2 4 8/1/2047 0.15
      AZ IND DEV AUTH-A 5 11/1/2054 0.15
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.15
      CO UNIV REGENTS-A 5 6/1/2050 0.15
      CA ST MUNI FIN AUTH 5 6/1/2050 0.15
      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.15
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.15
      AR DEV FIN AUTH-AMT-A 6.875 7/1/2048 0.15
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.15
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.15
      SIERRA CLG #2-B-WESTE 0 8/1/2030 0.15
      MIAMI-DADE CO EDU FAC 5 4/1/2044 0.15
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.15
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.15
      ILLINOIS ST 5.5 5/1/2030 0.15
      ILLINOIS ST 5.5 5/1/2039 0.15
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.15
      PUB FIN AUTH-A 5 5/1/2060 0.15
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.14
      CENTENNIAL WTR & SANT 5 12/1/2053 0.14
      BUILD NYC RESOURCE 5.5 7/1/2055 0.14
      ILLINOIS ST-B 5.25 5/1/2048 0.14
      AZ IND DEV AUTH-A 5 11/1/2049 0.14
      LOS ANGELES DEPT-C 5 7/1/2054 0.14
      VA SMALL BUS FIN-A 4 1/1/2036 0.14
      CHICAGO BOE-A 5.875 12/1/2047 0.14
      ILLINOIS ST -A 5 5/1/2042 0.14
      ILLINOIS ST-A 5 3/1/2046 0.14
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.14
      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.14
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.14
      COLLIER CO HLTH FACS 5 5/1/2045 0.14
      WI HLTH & EDU FACS-A FRN 2/15/2050 0.14
      CLEVELAND ETC PORT 5.25 12/1/2038 0.14
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.13
      ALBANY CAP RESOURCE C 5 6/1/2064 0.13
      VA SMALL BUS FIN-A 4 1/1/2051 0.13
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.13
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.13
      PUB FIN AUTH-A 5 2/1/2062 0.13
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.13
      INDIANA FIN AUTH 4 2/1/2044 0.13
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.13
      CALIFORNIA ST MUNI FI 5 5/15/2034 0.13
      NEW YORK CITY INDL 3 3/1/2036 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
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.12
      SAN DIEGO CNTY CA-B 4 7/1/2051 0.12
      INDIANA FIN AUTH-A 5 6/1/2053 0.12
      MATCHING FUND SPL-A 5 10/1/2032 0.12
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.12
      PA TPK COMM-A-REF 3 12/1/2051 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2042 0.12
      ILLINOIS ST-B 5 5/1/2038 0.12
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.12
      LOMPOC UNIF SD-A 5.25 8/1/2054 0.12
      MIAMI-DADE CO EDU FAC 5 4/1/2045 0.12
      NY CITY TRANS FIN-F-1 5 2/1/2046 0.12
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
      NEW JERSEY ECON DEV 6.625 1/1/2045 0.12
      ILLINOIS ST-B 5.25 5/1/2045 0.12
      RESTRUCTURED-SER A-2 4.329 7/1/2040 0.12
      CVI-SUBSER CW NT FRN 11/1/2043 0.11
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      HOUSTON TX ARPT SYS R 4 7/15/2041 0.11
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.11
      MA DEV FIN AGY-REF 5 10/1/2057 0.11
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.11
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.11
      ILLINOIS ST-B 5.25 5/1/2049 0.11
      FAIRFAX CNTY SWR REV 5 7/15/2054 0.11
      WA ST HSG FIN COMM-2N 4.8 12/1/2043 0.11
      GUAM GOVT WTRWKS AUTH 5 1/1/2050 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      LANCASTER CO HOSP AUT 5 11/1/2046 0.11
      MA DEV FIN-K1 5 10/1/2036 0.11
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.11
      CA EDUCTNL FACS-A 5 4/1/2042 0.11
      CALIFORNIA ST MUNI FI 5 5/15/2043 0.11
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.11
      CA STATEWIDE CMNTY 5 5/15/2040 0.11
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.11
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.11
      NY TRANSPRTN DEV CORP 5 6/30/2049 0.11
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
      MILITARY INSTALLATION 4 6/1/2041 0.11
      MA DEV FIN AGY 5 10/1/2046 0.11
      NEW YORK TRANSPRTN-A 4 12/1/2039 0.11
      PR SALES TAX FING-A1 0 7/1/2046 0.11
      SIERRA VISTA INDL DEV 5 6/15/2064 0.10
      AZ INDL DEV AUTH -A 4 6/1/2044 0.10
      CA MUNI FIN AUTH-A 5 7/1/2052 0.10
      SAN DIEGO CNTY CA-B 4 7/1/2046 0.10
      MILITARY INSTALLATION 4 6/1/2052 0.09
      VI PUB FIN AUTH-A 5 10/1/2029 0.10
      CA ST HLTH FACS AUTH 4.353 6/1/2041 0.10
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.10
      PORT AUTH OF NEW YORK 5 10/15/2030 0.10
      MET PIER & EXPOSITION 4 12/15/2047 0.10
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.10
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.10
      AZ INDL DEV AUTH-A 4 11/1/2049 0.10
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 0.10
      LANCASTER CO HOSP AUT 5 11/1/2041 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      OH WTR DEV AUTH-C FRN 12/1/2054 0.10
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.10
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      MUNI ELEC AUTH OF GA 4 1/1/2049 0.10
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.10
      CA ST SCH FIN AUTH-A 4 8/1/2061 0.10
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.10
      DETROIT 5 4/1/2035 0.09
      CHICAGO BRD OF EDU 5 4/1/2042 0.09
      MD H/E ADJ POOLD LN-B FRN 4/1/2035 0.09
      KY ECON DEV-A-REF 5 12/1/2047 0.09
      PUB FIN AUTH-REF 5.25 6/15/2045 0.09
      AZ INDL DEV AUTH-A 5 11/1/2044 0.09
      FL DEV FIN CORP-A 5 6/15/2040 0.09
      MS DEV BANK-WTR/SWR 6.875 12/1/2040 0.09
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.09
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.09
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      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.09
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      MIAMI DADE CO-A-REF 4 10/1/2040 0.09
      OHIO ST-E-REV-REF 4 1/15/2038 0.09
      INDIANA FIN AUTH-A 5.125 6/1/2058 0.09
      NY ST TWY AUTH-P-REV 5.25 1/1/2054 0.09
      CHICAGO BRD OF EDU 5 4/1/2046 0.09
      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
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      PALM BEACH CO-REV-A 5.75 10/1/2055 0.09
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      COLORADO ST HLTH FACS 5.25 11/1/2052 0.08
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.08
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.08
      CA INFRASTRUCTURE-B 5 11/1/2054 0.08
      MAIN STREET NATURAL-A 5 5/15/2043 0.08
      AR DEV FIN AUTH 5 2/1/2035 0.08
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      WASHINGTON ST HLTH CA 5 9/1/2050 0.08
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      MA DEV FIN AGY-LINDEN 5.125 11/15/2046 0.08
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      GUAM GOVT-A-REF 5 12/1/2046 0.08
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.08
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      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.08
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      NYC INDL DEV AGY-A 3 1/1/2040 0.08
      BATTERY PK CITY-D1 FRN 11/1/2038 0.08
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.08
      TEXAS ST-B-VAR-REMK FRN 12/1/2043 0.08
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.08
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      VI PUB FIN AUTH-A 5 10/1/2034 0.08
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      MA ST DEV FIN AGY-REF 5 4/15/2040 0.08
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      WEST VIRGINIA ST HOSP 5 9/1/2039 0.08
      IL FIN AUTH 5.25 4/1/2043 0.08
      CA MUNI FIN AUTH-A 5 10/1/2057 0.08
      CALIFORNIA STWD CMNTY 4 4/1/2042 0.08
      OHIO ST-E-REV-REF 5 1/15/2036 0.08
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      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
      ARIZONA IDA-B 4 7/1/2051 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.08
      MONTGOMERY CNTY OH 3 8/1/2040 0.08
      SPARTANBURG REGL HLTH 4 4/15/2036 0.08
      SC PUB SVC-A-UNREFUND 5 12/1/2036 0.08
      MASSACHUSETTS ST DEV 5 7/1/2044 0.07
      MET ATLANTA-B-REV 5 7/1/2044 0.07
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      PR ELEC-REF-DDD 5 7/1/2022 0.07
      ARIZONA ST IDA-A 5 7/15/2039 0.07
      MIDA MOUNTAIN VETERAN 5 6/1/2044 0.07
      ARLINGTON HGR EDU FIN 5 12/1/2036 0.07
      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.07
      CENTRL TX REGL MOBILI 5 1/1/2045 0.07
      MONROE CO INDL DEV CO 5 7/1/2044 0.07
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.07
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      OHIO ST-E-REV-REF 4 1/15/2040 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      S JERSEY PORT-B-AMT 5 1/1/2042 0.07
      ARIZONA INDL DEV AUTH 3 2/1/2045 0.07
      AZ INDL DEV EDU-B 5.5 7/1/2038 0.07
      OROVILLE CA REVENUE 5.25 4/1/2039 0.07
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      CHICAGO 5 11/1/2038 0.07
      DETROIT 5 4/1/2036 0.07
      CA MUNI FIN AUTH-A 5.25 11/1/2041 0.07
      CAPITAL TRUST AGY 5 12/15/2040 0.07
      CHICAGO-A 5.5 1/1/2049 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
      CHICAGO BOE-A-REF 5 12/1/2026 0.07
      DETROIT 5 4/1/2033 0.07
      DIST OF COLUMBIA REV 4 7/1/2039 0.07
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      MA DEV FIN AGY-REF 4 7/1/2045 0.06
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      LANCASTER CO HOSP AUT 5 11/1/2039 0.06
      LANCASTER CO HOSP AUT 5 11/1/2038 0.06
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      BUILD NYC RESOURCE-A 5 6/15/2051 0.06
      AR DEV FIN AUTH 5 2/1/2033 0.06
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      IL FIN AUTH-A-REF 5.25 4/1/2042 0.06
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      MORONGO BAND OF MISSN 5 10/1/2042 0.06
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      DETROIT 5 4/1/2031 0.06
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      DOWNTOWN DAYBREAK#1 5.625 3/1/2046 0.06
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      GOLDEN ST TOBACCO-B-2 0 6/1/2066 0.06
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      RESTRUCTURED-SER A1 5.75 7/1/2031 0.05
      RESTRUCTURED-SER A1 5.625 7/1/2029 0.05
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      RESTRUCTURED-SER A1 5.625 7/1/2027 0.05
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      TOBACCO SETTLEMENT-A2 4 6/1/2040 0.05
      CA SCH FIN AUTH-A 5 7/1/2047 0.05
      WASHINGTON ST HLTH CA 4 9/1/2050 0.05
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      ARLINGTON HGR EDU FIN 4.75 6/15/2049 0.05
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      IL FIN AUTH-A-REF 5.25 4/1/2044 0.04
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      OHIO ST-E-REV-REF 4 1/15/2039 0.04
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      INDIANA FIN AUTH-A 5 6/1/2038 0.04
      ARLINGTON HGR EDU FIN 4.5 6/15/2044 0.04
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      LOS ANGELES -C-REF 5 7/1/2049 0.04
      RESTRUCTURED-CABS-SER 0 7/1/2033 0.04
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      MET TRANS-C2-UNREFUND 5.175 11/15/2049 0.04
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      LOWELL COLLEGIATE 5 6/15/2049 0.04
      LOWELL COLLEGIATE 5 6/15/2054 0.04
      RESTRUCTURED-SER A1 4 7/1/2035 0.04
      LOUISIANA ST PUB FACS 3 6/1/2050 0.04
      BUILD NYC RESOURCE-A 5 6/1/2037 0.04
      HIDALGO CO-A 4 12/1/2041 0.04
      CA MUNI FIN AUTH-A 5.25 11/1/2047 0.04
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      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.04
      OREGON ST-A-REF 5 5/1/2040 0.04
      CMFA SPL FIN AGY CA E 3 12/1/2056 0.04
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      SC PUB SVC-A-PREREFD 5 12/1/2036 0.04
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      UT ST CHRT SCH FIN-A 5 4/15/2044 0.03
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      CA ST MUNI FIN AUTH 5 6/1/2035 0.03
      CA SCH FIN AUTH-A 5 7/1/2037 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      OREGON ST-A-REF 5.25 5/1/2042 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
      TX PUB FIN AUTH-REV 5.25 5/1/2040 0.03
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
      IL FIN AUTH-A-REF 5.25 4/1/2041 0.03
      BUILD NYC RES CORP -A 4 6/15/2051 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
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      CALIFORNIA PUBLIC FIN 5 11/15/2036 0.03
      DAYTON-MONTGOMERY-REV 5 12/1/2044 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
      CA MUNI FIN AUTH-A 5.25 9/1/2055 0.03
      BUILD NYC RESOURCE-A 5 6/1/2032 0.03
      NTHRN CA TOBACCO-A 4 6/1/2037 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
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.03
      VERNON-A-REF -REV 5 8/1/2039 0.03
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.02
      VERNON-A-REF -REV 5 8/1/2041 0.02
      INDIANA FIN AUTH-A 5 6/1/2033 0.02
      US ULTRA BOND CBT JUN26 0.02
      PR SALES TAX FING-A1 0 7/1/2033 0.02
      FL DEV FIN IMAGINE 4 12/15/2029 0.02
      NEW YORK TRANSPRTN-A 5 12/1/2035 0.02
      PR SALES TAX FING-A1 0 7/1/2031 0.02
      ARIZONA ST INDL DEV A 5 12/15/2039 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
      OR COAST COMNTY-CONV 5 6/15/2039 0.02
      PENNSYLVANIA ST ECON 6.5 12/1/2038 0.02
      PR SALES TAX FING-A1 0 7/1/2029 0.02
      INDIANA FIN AUTH-A 5 6/1/2032 0.02
      BUILD NYC RES CORP -A 4 6/15/2056 0.02
      TX PUB FIN AUTH-REV 5.25 5/1/2039 0.02
      OR COAST COMNTY-CONV 5 6/15/2038 0.02
      ARLINGTON HGR EDU FIN 4 8/15/2036 0.02
      OR COAST COMNTY-CONV 5 6/15/2043 0.02
      MA H/E VAR-MUSEUM-A1 FRN 12/1/2037 0.02
      CA ST SCH FIN AUTH-A 4 8/1/2036 0.02
      GUAM INTERNATIONAL AR 5.25 10/1/2035 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2050 0.02
      PR SALES TAX FING-A1 0 7/1/2027 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
      N CALIF GAS-LIBOR FRN 7/1/2027 0.01
      CALIFORNIA PUBLIC FIN 5 11/15/2051 0.01
      OR COAST COMNTY-CONV 5 6/15/2040 0.01
      OR COAST COMNTY-CONV 5 6/15/2042 0.01
      NY TRANSPRTN DEV CORP 2.25 8/1/2026 0.01
      PR SALES TAX FING-A1 4.55 7/1/2040 0.01
      MARLAND ECON DEV CORP 5 6/1/2044 0.01
      CVI-HTA 98 SR CLAIM FRN 11/1/2051 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
      A.B WON PAT AUTH-A 5 10/1/2034 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2035 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

      % 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 02/28/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 5 Stars (254 funds rated); 3 Yrs. 4 Stars (254 funds rated); 5 Yrs. 4 Stars (232 funds rated); 10 Yrs. 5 Stars (175 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
            179 out of 275
          • 3 Year
            30 out of 260
          • 5 Year
            34 out of 250
          • 10 Year
            16 out of 183

          LIPPER CLASSIFICATION General & Insured Municipal Debt Funds

          Lipper Category returns and rankings as of 03/31/26, 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  02/28/26  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BMOP
          		5.69 0.49 1.01 94.98 0.03

          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
          04/01/26 04/01/26 04/07/26 0.0529 0.0000 0.0000 0.0000 0.0529
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          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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          ETF Profile Sheet Download

          BNY Mellon Municipal Opportunities Fund Materials

          • Download
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          Annual Report - Class M Download
          Semi Annual Report - Class M Download
          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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          BNY Investments Dreyfus provides institutional investors and intermediaries with a variety of domestic and offshore money funds and short duration separate account strategies. BNY Investments Dreyfus (Dreyfus) is a division of Mellon Investments Corporation (MIC), a registered investment adviser and subsidiary of The Bank of New York Mellon Corporation (BNY). Securities are offered by BNY Mellon Securities Corporation (BNYSC), a registered broker-dealer and affiliate of MIC. BNY Investments is the brand name for the investment management business of BNY and its investment firm affiliates worldwide. Certain offshore products are not available to US investors and are distributed by BNY entities licensed in the relevant jurisdictions.

           

          The information provided on this site is for informational purposes only and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular circumstances. This information may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorized.

           

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