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    BNY Mellon Municipal Opportunities ETF (BMOP)

    • CUSIP 05613H803
    • NAV  $ 23.57 As of  10/02/26
    • CHG  $ -0.01 (-0.04 %)
    • MKT PRICE  $23.54 As of  10/02/26
    • 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
    $1,608,689,596  As of  10/02/26
    NUMBER OF SHARES OUTSTANDING
    68,260,124  As of  10/02/26
    MARKET PRICE 52-WEEK HIGH
    $25.23  As of  02/27/26
    MARKET PRICE 52-WEEK LOW
    $23.32  As of  09/29/26
    AVG EFFECTIVE DURATION
    7.76 yr(s). As of  08/31/26
    WEIGHTED AVG YIELD TO MATURITY
    6.2% As of  08/31/26
    WEIGHTED AVG MATURITY
    9.25 yr(s). As of  08/31/26
    DISTRIBUTION FREQUENCY
    Monthly
    Morningstar Category
    Municipal National Intermediate
    Morningstar Overall Rating
    Number of Holdings
    673 As of  08/31/26
    SUB-ASSET CLASS
    Tax-Exempt
    EXCHANGE
    NASDAQ

    Morningstar Rating™ as of August 31, 2026. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 4 Stars (253 funds rated); 3 Yrs. 4 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 5 Stars (178 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 10/02/26      SUBSIDIZED     		UNSUBSIDIZED CURRENT YIELD
    as of  10/02/26     		CONTRACTUAL
    FEE WAIVER END DATE     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of  12/31/25     NET     		GROSS
    4.35 4.35 4.20 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.

    Performance

    Daily Statistics

    As of  10/02/26 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
    		0.12% 449,827 340,539 -0.13% -2.42%

    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 09/30/26
    Name 3 MO
    09/30/26     		YTD
    09/30/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-5.66 -2.85 -1.41 3.73 0.16 2.07 4.98
    Bloomberg U.S. Municipal Bond Index
    		- - - - - - -
    S&P Municipal Bond Index
    		- - - - - - -

    Quarter End

    MARKET PRICE
    Average Annual
    As of 09/30/26
    Name 3 MO
    09/30/26     		YTD
    09/30/26     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Municipal Opportunities ETF
    BMOP
    		-5.66 -2.85 -1.41 3.73 0.16 2.07 4.98
    Bloomberg U.S. Municipal Bond Index
    		- - - - - - -
    S&P Municipal Bond Index
    		- - - - - - -

    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  10/02/26 Q1 2026 Q2 2026 Q3 2026
      Days Traded at Premium
      		15 12 28
      Days Traded at Discount
      		38 49 35

      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

      Download Total Holdings
      As of 10/05/26
      Holdings % Portfolio Weight
      INTERMOUNTAIN PWR AGY 5 7/1/2042 0.93
      CA CMNTY CHOICE FIN-F 5 11/1/2033 0.82
      AUSTIN TX ARPT SYS RE 5 11/15/2046 0.81
      PUERTO RICO CMWLTH AQ 5 7/1/2030 0.77
      MD HLTH HGR AUTH-B FRN 8/15/2056 0.65
      LA DEPT OF WTR-B-REF 5 7/1/2037 0.64
      TENNERGY CORP -A FRN 10/1/2054 0.64
      BLACK BELT-SER-C FRN 5/1/2055 0.63
      MAIN STREET NATURAL-C FRN 12/1/2054 0.63
      CA CMNTY CHOICE FIN-C FRN 8/1/2055 0.63
      MA SCH BLDG-B-SUB 5.25 2/15/2048 0.62
      BLACK BELT ENERGY-K 5 10/1/2033 0.62
      IDAHO ST HSG & FIN AS 5 8/15/2043 0.61
      MA SCH BLDG-SUB-A 5.25 2/15/2048 0.59
      HIGH STAR RANCH FING 6.25 12/1/2055 0.52
      LA PUB FACS AUTH-AMT 5.5 9/1/2054 0.52
      MATCHING FUND SPL-A 5 10/1/2039 0.50
      CHICAGO BOE-B-REF 6.75 12/1/2030 0.47
      PR ELEC PWR AUTH-A 6.75 7/1/2036 0.47
      WA MET AREA TRANSIT-A 3 7/15/2040 0.46
      CHICAGO-A-REV 5.25 1/1/2041 0.46
      CAL INFRA & ECO DEV-B FRN 1/1/2065 0.45
      NY TRNSPRTN DEV CRP-A 5.25 12/31/2054 0.44
      MASSACHUSETTS ST 5 11/1/2045 0.43
      BUILD NYC RESOURCE-A 7 12/15/2065 0.43
      ARKANSAS DEV FIN AUTH 5.7 5/1/2053 0.43
      OK CTY WTR UTIL TRUST 5 7/1/2054 0.42
      CALIFORNIA ST MUNI FI 5 5/15/2052 0.42
      GOLDEN ST TOBACCO-A1 4.214 6/1/2050 0.42
      CA CMNTY CHOICE-A-1 FRN 4/1/2056 0.42
      MA DEV FIN AGY-Q 5.5 12/1/2051 0.42
      RI HLTH-PROVIDENCE 5 11/1/2045 0.42
      VA PORT AUTH 5 7/1/2043 0.41
      OK CTY WTR UTIL TRUST 5 7/1/2049 0.40
      SAN FRANCISCO APRT-A 5 5/1/2044 0.39
      VIRGINIA ST CLG BLDG 5.25 2/1/2042 0.39
      CHICAGO BRD ED-B-REF 6 12/1/2043 0.39
      MET TRANSPRTN AUTH-A 5 11/15/2037 0.39
      CHICAGO-B-REF-AMT 5.25 1/1/2044 0.38
      CHICAGO 5 11/1/2039 0.38
      ENERGY SOUTHEAST-C-1 5 11/1/2033 0.38
      CA CMNTY CHOICE FING FRN 1/1/2054 0.38
      TRIBOROUGH BRIDGE-A-2 5.25 5/15/2059 0.37
      FULTON CNTY GA DEV AU 5 3/15/2044 0.37
      DETROIT COPS-TAXABLE 4.613 6/15/2015 0.36
      FL DEV FIN CORP-A 5 6/15/2050 0.36
      SOUTHEAST ENERGY AUTH FRN 1/1/2054 0.35
      CA MUNI FIN AUTH 5 5/15/2048 0.35
      AL TOLL ROAD-1 5 10/1/2032 0.35
      NATIONAL FIN AUTH-2 FRN 2/20/2043 0.35
      RI HLTH & EDUCTNL-C 5 5/15/2043 0.35
      TX WTR DEV BRD-REV 5 8/1/2044 0.35
      MET TRANSPRTN-C-1 5 11/15/2050 0.35
      PUB FIN AUTH-AMT 5.75 6/30/2060 0.34
      NJ ECON DEV AUTH-AMT 5.375 1/1/2043 0.34
      FOOTHILL ESTRN TRANSP 4.094 1/15/2049 0.34
      TRIBOROUGH BRIDGE-A 5.25 12/1/2054 0.34
      PUBLIC FIN AUTH WI HO 4 6/1/2045 0.34
      DT OF COLUMBIA 5.25 1/1/2048 0.34
      NJ ECON DEV AUTH-AMT 5.125 1/1/2034 0.33
      MA DEV FIN AGY-A 5.25 1/1/2042 0.33
      NJ EDUCTNL FACS-A FRN 7/1/2064 0.32
      IN FIN AUTH-D-2-REF FRN 10/1/2063 0.32
      KING CNTY-REF FRN 1/1/2042 0.32
      PUB FIN AUTH-AMT 6.5 12/31/2065 0.32
      IN FIN AUTH-D-1-REF FRN 10/1/2064 0.32
      S E ENERGY AUTH-A-1 FRN 1/1/2053 0.32
      LOS ANGELES DEPT-C-1 5.75 07/01/2053 0.32
      NY ST TRANS DEV CORP 5 12/1/2041 0.32
      COLLIN CNTY 5 2/15/2040 0.32
      PHILADELPHIA HSG-A 5.25 3/1/2040 0.32
      MAIN STREET NATURAL-B FRN 12/1/2052 0.32
      KY PUB ENERGY AUTH-A FRN 6/1/2055 0.32
      CA MUNI AUTH-1-A-1 4.05 7/20/2041 0.32
      OK TPK AUTH-A 5.5 1/1/2054 0.32
      OK TPK AUTH-A 5.25 1/1/2050 0.32
      MAIN ST NAT GAS INC-D FRN 5/1/2054 0.31
      KY PUB ENERGY-A FRN 5/1/2055 0.31
      FORT BEND ISD-A-REF 4.25 8/15/2054 0.31
      TN ENERGY ACQ CORP-A- FRN 5/1/2053 0.31
      COOK CO-A-REF 5.25 11/15/2045 0.31
      PUERTO RICO CMWLTH AQ 5 7/1/2035 0.31
      CA CMNTY CHOICE FIN-C FRN 12/1/2055 0.31
      ILLINOIS ST-B 5 6/15/2039 0.31
      CA MUNI FIN AUTH 5 5/15/2040 0.31
      HOUSTON-A-REF 5.25 3/1/2049 0.31
      NEW YORK-D 5.25 4/1/2047 0.31
      POINT 1 DT#1-A-1 6.125 3/1/2055 0.31
      HIGHER EDUCTNL FACS-A 3 12/1/2048 0.31
      MIAMI-DADE CNTY WTR-A 5.25 10/1/2054 0.31
      MASSACHUSETTS ST 5 7/1/2045 0.31
      TRIBOROUGH BRIDGE-A-1 5.25 5/15/2064 0.31
      CA MUNI FIN AUTH 5 5/15/2043 0.30
      MET PIER CAB-A-AG 0 12/15/2040 0.30
      MASSACHUSETTS ST-A 5 1/1/2041 0.30
      ARLINGTON HGR EDU FIN 4 2/15/2049 0.30
      GRAND PKWY TRANSPRTN 5 10/1/2043 0.30
      PROJECTNEW YORK TRANS 5 10/1/2040 0.30
      TNDR OPT RSDLS-XL0601 FRN 3/15/2049 0.30
      TRIBOROUGH BRIDGE 5 11/15/2049 0.30
      SC JOBS-ECO AUTH-REF 5.25 11/1/2054 0.30
      CONNECTICUT ST-B 3 6/1/2038 0.30
      PUB FIN AUTH-AMT 5.75 12/31/2065 0.30
      BUILD NYC RESOURCE-A 7 12/15/2055 0.30
      NEW YORK ST TRANSPRTN 5.5 6/30/2054 0.29
      MTA HUDSON RAIL YRD-A 5 11/15/2056 0.29
      NEW YORK ST TRANSPRTN 5.25 6/30/2049 0.29
      NYC TRANSITIONAL-A-1 5.5 5/1/2050 0.29
      MINNEAPOLIS -REV 4 11/15/2038 0.29
      PR SALES TAX FING-A1 5 7/1/2058 0.28
      CO BRIDGE & TUNNEL-A 5.5 12/1/2054 0.28
      NV DEPT OF BUS SER B FRN 1/1/2065 0.28
      MASSACHUSETTS DEV-REF 5.25 7/1/2055 0.28
      CHICAGO BRD ED-C-REF 5.5 12/1/2045 0.28
      SIERRA CLG #2-B-WESTE 0 8/1/2031 0.28
      CALIFORNIA CMNTY HSG 5 8/1/2049 0.27
      CENTRL PUGET-S-1-REF 3 11/1/2036 0.27
      ST JAMES PSH-REV-REMK 6.35 7/1/2040 0.27
      CLIFTON HGR EDU-REF 4 8/15/2044 0.27
      MIDA MOUNTAIN VLG-2 6 6/15/2054 0.27
      MIDA CORMONT PUB-A-2 STEP-CPN 6/1/2055 0.27
      GOLDEN ST TOBACCO -B 3.293 6/1/2042 0.26
      ARLINGTON CNTY VA IND 4 7/1/2045 0.26
      MARICOPA CNTY AZ PO 2.4 6/1/2035 0.26
      PR SALES TAX FING-A1 4.5 7/1/2034 0.26
      MO HLTH & EDUCTNL-A 4.25 4/1/2055 0.26
      CALIFORNIA ST 5.25 10/1/2045 0.26
      CALIFORNIA ST HLTH FA 4 5/15/2046 0.26
      GRAND PKWY TRANSPRTN 4 10/1/2049 0.25
      IA ST FIN AUTH 5 8/1/2042 0.25
      CLIFTON HGR EDU 5 8/15/2047 0.25
      HOUSTON-A-REF 5 3/1/2042 0.25
      MA DEV FIN AGY-A 5.5 7/1/2066 0.25
      CVI-CW/PRIFA RUM FRN 11/1/2051 0.25
      NY TRANSPRTN DEV CORP 6 6/30/2059 0.25
      ARKANSAS UNIV BRD-A 5 11/1/2054 0.25
      OHIO ST 3 5/1/2039 0.25
      NY ST TRANS DEV CORP 5 12/1/2039 0.25
      FOOTHILL E TRANSP-B1 3.95 1/15/2053 0.25
      JEFFERSON PSH ECON-A 5.625 6/15/2048 0.25
      CASH 0.25
      MET WA DC ARPTS-CABS 0 10/1/2036 0.25
      OHIO ST-REV-REF 4 10/1/2042 0.24
      MET WASHINGTON DC-B 4 10/1/2053 0.24
      PUB FIN AUTH 4.25 7/1/2054 0.24
      SIERRA VISTA INDL DEV 6.5 6/15/2055 0.24
      PUBLIC FIN AUTH-A 5.5 7/1/2044 0.24
      NTHRN IN COMMUTER-REV 5 1/1/2054 0.24
      NY TOBACCO-A-2B-REF 5 6/1/2045 0.23
      NEW YORK ST LIBERTY 2.8 9/15/2069 0.23
      OHIO ST-REV-REF 4 10/1/2047 0.23
      BUILD NYC RESOURCE-A 5.5 6/15/2046 0.23
      MA DEV FIN AGY-A 5.375 7/1/2061 0.23
      PUB FIN AUTH-AMT 6.5 6/30/2060 0.23
      DALLAS & FORT WORTH-B 5 11/1/2047 0.22
      AL TOLL ROAD-A 6 1/1/2056 0.22
      WOLF CREEK INFRA DT#1 5.75 12/1/2044 0.22
      CO SCH MINES BRD-A 5 12/1/2054 0.22
      MAIN STREET NATURAL-A FRN 6/1/2055 0.22
      MISSION ECON CORP-AMT FRN 8/1/2046 0.22
      US ULTRA BOND CBT DEC26 0.22
      NY DORM AUTH-A-UNREFD 5.25 3/15/2052 0.22
      SEMINOLE CO-REV-REF 5 10/1/2052 0.22
      NYC INDL DEV AGY-A 3 1/1/2046 0.22
      GRANT UHSD-CABS ELEC 0 2/1/2033 0.21
      NYC INDL DEV AGY-A 3 1/1/2039 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 0.21
      MAIN STREET-B-1 5 9/1/2034 0.21
      HARRIS CNTY TX CULTUR 3 10/1/2051 0.20
      LBJ INFRASTRUCTURE GROUP 3.797 12/31/2057 0.20
      CALIFORNIA ST MUNI FI 5 5/15/2039 0.20
      ONEIDA CO NY LOCAL DE 4 12/1/2049 0.20
      FL LOCAL GOVT FIN-A 5.5 6/15/2040 0.20
      IL FIN AUTH-B-REF 5.25 4/1/2038 0.20
      PHILADELPHIA HSG-A 5.25 3/1/2038 0.19
      HOUSTON-A-REF 5 3/1/2040 0.19
      MATCHING FUND SPL-A 5 10/1/2030 0.19
      FOREST LAKE MN CHARTE 5 7/1/2056 0.19
      JEFFERSON PSH ECON-A 5.5 6/15/2038 0.19
      ARLINGTON HGR EDU 4.5 8/15/2050 0.19
      NTHRN IN COMMUTER-REV 5.25 1/1/2049 0.19
      DT OF COLUMBIA-A-REV 5 7/1/2042 0.19
      GREATER ORLANDO 5.5 11/1/2037 0.19
      CHICAGO O'HARE ARPT-A 5 1/1/2037 0.19
      TEMPLE ISD 5 2/1/2044 0.19
      AZ INDL DEV EDU-B 5.75 7/1/2053 0.19
      PUB FIN AUTH-PIEDMONT 5 6/15/2049 0.19
      MET SAINT LOUIS SWR 5.25 5/1/2052 0.19
      OHIO-AMT-PORTSMOUTH 5 12/31/2035 0.19
      CA ST CMNTY DEV AUTH 5.25 12/1/2044 0.19
      NYC TRANSITIONAL-A-1 5.25 5/1/2048 0.19
      CA PUB FIN AUTH -A 4 7/15/2051 0.19
      NYC TRANS FIN-SUB-I 5 11/1/2045 0.19
      CALIFORNIA CMNTY CHOI FRN 2/1/2052 0.18
      IL FIN AUTH-A-REF 5 5/15/2037 0.18
      CA ST MUNI FIN-AMT 4 7/15/2029 0.18
      NY ST TRANS DEV CORP 5 12/1/2042 0.18
      SIERRA VISTA INDL DEV 5 6/15/2054 0.18
      UAB MEDICINE FIN-C 5 9/1/2041 0.18
      FAYETTE CO DEV AUTH 5.25 10/1/2049 0.18
      MET SAINT LOUIS SWR 5 5/1/2047 0.18
      UAB MEDICINE FIN-C 5 9/1/2040 0.18
      DALLAS ISD-B-REF 4.5 2/15/2045 0.18
      NY ST TRANS DEV CORP 5 12/1/2038 0.17
      HOUSTON-C-REV-REF 5.25 9/1/2051 0.17
      VA SMALL BUSINESS FIN 4 1/1/2048 0.17
      FAYETTE CO DEV AUTH 5.25 10/1/2054 0.17
      AR DEV FIN AUTH-B-AMT FRN 9/1/2046 0.17
      GOLDEN ST TOBACCO -B 2.746 6/1/2034 0.17
      CO EDUCTNL & CULT FAC 5.8 4/1/2054 0.17
      FL LOCAL GOVT FIN-A 6 6/15/2045 0.17
      CA CMNTY CLG AUTH 5.25 5/1/2048 0.16
      SIERRA CLG #2-B-WESTE 0 8/1/2030 0.16
      GEO L SMITH II GA CON 5 1/1/2054 0.16
      CALIFORNIA ST MUNI FI 5 5/15/2037 0.16
      CAPITAL PROJ FIN AUTH 5 7/1/2039 0.16
      AR DEV FIN AUTH-AMT-A 7 7/1/2048 0.16
      ARIZONA IDA-B 4 7/1/2061 0.16
      OHIO ST-B 5 11/15/2036 0.16
      NEW JERSEY ECON DEV 6.375 1/1/2035 0.16
      ILLINOIS ST 5.5 5/1/2030 0.16
      N DAKOTA ST HSG FIN 4.5 7/1/2043 0.16
      ILLINOIS ST 5.5 5/1/2039 0.16
      CA CMNTY CHOICE FIN-H FRN 1/1/2056 0.16
      AZ IND DEV AUTH-A 5 11/1/2054 0.16
      SOUTHERN CA PUB PWR-A 5 11/1/2033 0.16
      MIDA MOUNTAIN VLG-1 5.75 6/1/2060 0.16
      MA PORT AUTH-SER B 5.25 7/1/2043 0.16
      JPM-DRIVERS-XL0356 FRN 2/1/2042 0.16
      NY TRANSPRTN DEV CORP 6 6/30/2055 0.16
      CMFA FIN AGY-A-2 4 8/1/2047 0.16
      PEFA INC-A-REF-REV 5 4/1/2035 0.16
      CA ST MUNI FIN AUTH 5 6/1/2050 0.16
      MA H/E VAR-MUSEUM-A1 FRN 12/1/2037 0.16
      PUB FIN AUTH-A 5 5/1/2060 0.16
      VA SMALL BUS FIN-A 4 1/1/2045 0.15
      NATIONAL FIN AUTH-REF 6.125 12/15/2035 0.15
      ILLINOIS ST -A 5 5/1/2042 0.15
      MIAMI-DADE CO EDU FAC 5 4/1/2044 0.15
      CAPITAL TRUST AUTH-A 5 6/1/2054 0.15
      CENTENNIAL WTR & SANT 5 12/1/2053 0.15
      ILLINOIS ST-B 5.25 5/1/2048 0.15
      BUILD NYC RESOURCE 5.5 7/1/2055 0.15
      CALIFORNIA SCH FIN- A 5 8/1/2048 0.15
      NATIONAL FIN AUTH-A 5.25 7/1/2048 0.15
      VA SMALL BUS FIN-A 4 1/1/2036 0.15
      AZ IND DEV AUTH-A 5 11/1/2049 0.15
      ILLINOIS ST-A 5 3/1/2046 0.15
      ARKANSAS DEV FIN AUTH 5.45 9/1/2052 0.15
      CHICAGO BOE-A 5.875 12/1/2047 0.15
      LOS ANGELES DEPT-C 5 7/1/2054 0.15
      AZ IDA SR LIVING-B 5.125 1/1/2059 0.15
      COLLIER CO HLTH FACS 5 5/1/2045 0.14
      CA EDUCTNL FACS-A 5 4/1/2047 0.14
      CALIFORNIA ST MUNI FI 5 5/15/2034 0.14
      MIDA CORMONT PUB-A-1 6.25 6/1/2055 0.14
      MAINE ST HSG AUTH MTG 4.7 11/15/2053 0.14
      RESORT CORE PUB DT#1 8.25 3/15/2057 0.14
      PUB FIN AUTH-REF 5 9/1/2039 0.14
      CVI-SUBSER CW NT FRN 11/1/2043 0.13
      ALBANY CAP RESOURCE C 5 6/1/2064 0.13
      MATCHING FUND SPL-A 5 10/1/2032 0.13
      PUB FIN AUTH-A 5 2/1/2062 0.13
      VA SMALL BUS FIN-A 4 1/1/2051 0.13
      FLORIDA ST HGR EDUCTN 4.125 12/1/2054 0.13
      INDIANA FIN AUTH 4 2/1/2044 0.13
      PUB FIN AUTH-REF 5.25 11/15/2061 0.13
      JPM-DRIVERS-XL0357 FRN 5/15/2047 0.13
      MIAMI-DADE CO-A-1-REV 4 10/1/2045 0.13
      MI FIN AUTH-A-1-REF 5 11/15/2037 0.13
      NEW YORK CITY INDL 3 3/1/2036 0.13
      DENVER URBAN RENWL-A 5.25 12/1/2039 0.05
      LOUISVILLE CO METRO-A 5 10/1/2038 0.13
      ILLINOIS ST-B 5 5/1/2038 0.13
      NEW JERSEY ECON DEV 6.625 1/1/2045 0.13
      COLUMBIA-BRAZORIA ISD 5 2/1/2044 0.13
      MARICOPA CNTY AZ INDL 3 1/1/2049 0.13
      LOMPOC UNIF SD-A 5.25 8/1/2054 0.13
      UAB MEDICINE FIN-C 5 9/1/2039 0.13
      INDIANA FIN AUTH-A 5 6/1/2053 0.12
      OHIO-AMT-PORTSMOUTH 5 12/31/2039 0.12
      MONROE CO INDL DEV CO 5 7/1/2044 0.12
      NJ TRANSPRTN TRUST-CC 5 6/15/2042 0.12
      CHESAPEAKE-B-CONV CAB 4.875 7/15/2040 0.12
      SAN ANTONIO-AMT-REV 5.25 7/1/2045 0.12
      CA STATEWIDE CMNTY 5 5/15/2040 0.12
      NY CITY TRANS FIN-F-1 5 2/1/2046 0.12
      ILLINOIS ST-B 5.25 5/1/2045 0.12
      RESTRUCTURED-SER A-2 4.329 7/1/2040 0.12
      SAN DIEGO CNTY CA-B 4 7/1/2051 0.12
      ILLINOIS ST-B 5.25 5/1/2049 0.12
      IDAHO ST HLTH FACS AU 4 3/1/2051 0.12
      MA BAY TRANS AUTH-A-2 5 7/1/2052 0.12
      MIAMI-DADE CO EDU FAC 5 4/1/2045 0.12
      FAIRFAX CNTY SWR REV 5 7/15/2054 0.12
      MIAMI-DADE CNTY FL HL 5 8/1/2042 0.12
      GDB DEBT RECOVERY AUT 7.5 8/20/2040 0.12
      CALIFORNIA ST MUNI FI 5 5/15/2043 0.12
      HOUSTON TX ARPT SYS R 4 7/15/2041 0.12
      PA TPK COMM-A-REF 3 12/1/2051 0.12
      MA DEV FIN-K1 5 10/1/2036 0.12
      CA EDUCTNL FACS-A 5 4/1/2042 0.12
      AZ INDL DEV EDU-B 5.625 7/1/2048 0.12
      LANCASTER CO HOSP AUT 5 11/1/2046 0.12
      WA ST HSG FIN COMM-2N 4.8 12/1/2043 0.12
      CAPITAL TRUST AUTH-A 5 6/1/2039 0.12
      CALIFORNIA CMNTY HSG 3 8/1/2056 0.12
      MI FIN AUTH -A -REF-C 4 6/1/2040 0.12
      HILLSBOROUGH CNTY FL 4 8/1/2045 0.12
      PR SALES TAX FING-A1 0 7/1/2046 0.11
      RESORT CORE PUB DT#1 5.875 3/1/2057 0.11
      MTEMS 2023-08FN PT 4.8 7/1/2045 0.11
      CA STWD DEV AUTH-A 6.125 9/2/2048 0.11
      CO EDUCTNL & CULT FAC 5.75 4/1/2059 0.11
      CO BRD GOVS-C-PREREFD 5 3/1/2043 0.11
      HOUSTON-B-AMT-REV 5.5 7/15/2039 0.11
      MILITARY INSTALLATION 4 6/1/2041 0.11
      NEW YORK TRANSPRTN-A 4 12/1/2039 0.11
      AZ INDL DEV AUTH -A 4 6/1/2044 0.11
      PORT AUTH OF NEW YORK 5 10/15/2030 0.11
      MA DEV FIN AGY 5 10/1/2046 0.11
      CA MUNI FIN AUTH-A 5 7/1/2052 0.11
      CLIFTON HGR EDU-A 5.25 2/15/2049 0.11
      HOUSTON-AMT-REV 5.5 7/15/2036 0.11
      CO SPRINGS SD#11-COPS 5.25 12/15/2048 0.11
      LANCASTER CO HOSP AUT 5 11/1/2041 0.11
      MILITARY INSTALLATION 4 6/1/2052 0.09
      CA ST HLTH FACS AUTH 4.353 6/1/2041 0.10
      DANBURY HGR EDU AUTH 5 8/15/2039 0.10
      DETROIT 5 4/1/2035 0.10
      MS DEV BANK-WTR/SWR 6.875 12/1/2040 0.10
      SIERRA VISTA INDL DEV 5 6/15/2064 0.10
      SAN DIEGO CNTY CA-B 4 7/1/2046 0.10
      ARLINGTON TX HGR EDU 5 8/15/2048 0.10
      MUNI ELEC AUTH OF GA 4 1/1/2049 0.10
      IDAHO ST HLTH FACS AU 4 3/1/2046 0.10
      PUB FIN AUTH-REF 5.25 11/15/2055 0.10
      MIDA MOUNTAIN VLG-1 5.5 6/1/2050 0.10
      BEXAR HLTH FACS-REF 5 7/15/2041 0.10
      BUILD NYC RESOURCE CO 5.25 7/1/2057 0.10
      HALIFAX HOSP MED CTR 4.25 6/1/2054 0.10
      AZ INDL DEV AUTH-A 4 11/1/2049 0.10
      CLIFTON HGR EDU-REF 4 8/15/2049 0.10
      MET PIER & EXPOSITION 4 12/15/2047 0.10
      CA ST SCH FIN AUTH-A 4 8/1/2061 0.10
      AZ INDL DEV AUTH-A 5 11/1/2044 0.10
      MONROE CO INDL DEV CO 5 7/1/2054 0.10
      FL DEV FIN CORP-A 5 6/15/2040 0.10
      CLEVELAND ETC PORT 5.5 12/1/2043 0.10
      NY LIBERTY DEV CORP-A 3 11/15/2051 0.10
      TULSA MUNI ARPT TRUST 6.25 12/1/2040 0.10
      AZ IDA SR LIVING-A2 5.125 1/1/2059 0.10
      GUAM INTERNATIONAL AR 5.25 10/1/2031 0.10
      CA MUNI FIN AUTH-A 5.5 9/1/2056 0.10
      PUB FIN AUTH-REF 5.25 6/15/2045 0.10
      DANBURY HGR EDU AUTH 4 8/15/2049 0.09
      CALIFORNIA STWD CMNTY 5.25 12/1/2038 0.09
      MISSION ECON CORP-REV FRN 12/1/2064 0.09
      CHICAGO IL BRD OF EDU 6 4/1/2046 0.09
      ATLANTA GA DEV AUTH 5.25 7/1/2044 0.09
      PR ELEC-REF-DDD 5 7/1/2022 0.09
      KY ECON DEV-A-REF 5 12/1/2047 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
      AR DEV FIN AUTH 5 2/1/2035 0.09
      WEST VIRGINIA ST HOSP 5 9/1/2038 0.09
      PALM BEACH CO-REV-A 5.75 10/1/2055 0.09
      VI PUB FIN AUTH-A 5 10/1/2034 0.09
      LEHIGH CO AUTH-REF 5.25 2/1/2054 0.09
      VI PUB FIN AUTH-A 5 10/1/2029 0.09
      CA INFRASTRUCTURE-B 5 11/1/2049 0.09
      COLORADO ST HLTH FACS 5.25 11/1/2052 0.09
      MONTGOMERY CNTY PA HG 4 9/1/2044 0.09
      MA DEV FIN AGY-REF 5 10/1/2057 0.09
      MIDA MOUNTAIN VLG-2 STEP-CPN 6/1/2043 0.09
      INDIANA FIN AUTH-A 5.125 6/1/2058 0.09
      MI FIN AUTH -A -REF-C 4 6/1/2038 0.09
      WASHINGTON ST HLTH CA 5 9/1/2050 0.09
      MA DEV FIN AGY-LINDEN 5.125 11/15/2046 0.09
      CLEVELAND ETC PORT 5.5 12/1/2053 0.09
      WEST VIRGINIA ST HOSP 5 9/1/2039 0.09
      OHIO ST-E-REV-REF 5 1/15/2036 0.09
      BUILD NYC RESOURCE CO 5.25 7/1/2052 0.09
      CA MUNI FIN AUTH-A 5 7/1/2040 0.09
      CA INFRASTRUCTURE-B 5 11/1/2054 0.09
      CALIFORNIA STWD CMNTY 5 4/1/2047 0.09
      CLARKSVL B LDG ADJ-PO FRN 11/1/2035 0.09
      NYC TRANSITIONAL-S-1A 3 7/15/2039 0.09
      MIDA MOUNTAIN VLG-1 5.5 6/1/2055 0.09
      ARIZONA ST IDA-A 5 7/15/2049 0.09
      NYC INDL DEV AGY-A 3 1/1/2040 0.09
      MIDA MOUNTAIN VLG PUB 4 8/1/2050 0.09
      PR SALES TAX FING-A1 4.75 7/1/2053 0.08
      MONROE CO INDL DEV-A 4.72 1/1/2044 0.08
      IL FIN AUTH 5.25 4/1/2043 0.08
      CAPITAL TRUST AUTH-A 5 6/1/2044 0.08
      CA MUNI FIN AUTH-A 5 10/1/2057 0.08
      SC PUB SVC-A-UNREFUND 5 12/1/2036 0.08
      LOWER CO RIVER AUTH 5 5/15/2042 0.08
      WI CENTER DIST-A-CABS 0 12/15/2046 0.08
      GUAM GOVT-A-REF 5 12/1/2046 0.08
      US 10YR ULTRA FUT DEC26 0.08
      CALIFORNIA STWD CMNTY 4 4/1/2042 0.08
      TEXAS ST PRIV ACTIVIT 4 6/30/2039 0.08
      CA MUNI FIN AUTH-A 5 10/1/2049 0.08
      MISSION ECON DEV CORP FRN 12/1/2064 0.08
      ARIZONA IDA-B 4 7/1/2051 0.08
      ARLINGTON HGR EDU FIN 5 12/1/2036 0.08
      FOOTHILL ESTRN TRANSP 2.962 1/15/2046 0.08
      LANCASTER CO HOSP AUT 5 11/1/2040 0.08
      SPARTANBURG REGL HLTH 4 4/15/2036 0.08
      MET ATLANTA-B-REV 5 7/1/2044 0.08
      MONTGOMERY CNTY OH 3 8/1/2040 0.08
      AQUARION WTR AUTH-D 5.25 8/1/2042 0.08
      OROVILLE CA REVENUE 5.25 4/1/2039 0.08
      AZ INDL DEV EDU-B 5.5 7/1/2038 0.08
      CENTRL TX REGL MOBILI 5 1/1/2045 0.08
      GUAM INTERNATIONAL AR 5.375 10/1/2043 0.08
      ATLANTA DEV AUTH-A-1 5 4/1/2034 0.08
      CA CMNTY CLG AUTH 5.25 5/1/2043 0.08
      ARIZONA ST IDA-A 5 7/15/2039 0.08
      MIDA MOUNTAIN VETERAN 5 6/1/2044 0.08
      DETROIT 5 4/1/2036 0.08
      S JERSEY PORT-B-AMT 5 1/1/2042 0.08
      ONEIDA INDIAN NATION 6 9/1/2043 0.07
      CHICAGO BOE-A-REF 5 12/1/2026 0.07
      CHICAGO 5 11/1/2038 0.07
      ARIZONA INDL DEV AUTH 3 2/1/2045 0.07
      DETROIT 5 4/1/2033 0.07
      DIST OF COLUMBIA REV 4 7/1/2039 0.07
      CA MUNI FIN AUTH-A 5.25 11/1/2041 0.07
      PUB FIN AUTH-REF 5.5 6/15/2055 0.07
      SIERRA VISTA INDL DEV 5 6/15/2059 0.07
      PUBLIC FIN AUTH-A1 6.375 1/1/2048 0.07
      CAPITAL TRUST AGY 5 12/15/2040 0.07
      NJ TRANSPR TRUST 5.5 6/15/2050 0.07
      CHICAGO-A 5.5 1/1/2049 0.07
      LANCASTER CO HOSP AUT 5 11/1/2039 0.07
      PR SALES TAX FING-A1 0 7/1/2051 0.07
      LANCASTER CO HOSP AUT 5 11/1/2038 0.07
      DIST OF COLUMBIA REV 4 7/1/2049 0.07
      AR DEV FIN AUTH 5 2/1/2033 0.07
      BUILD NYC RES CORP-A 5 12/1/2041 0.07
      CHICAGO-A-REV 5 11/1/2046 0.07
      CHICAGO BRD OF EDU 5 4/1/2042 0.07
      FL ST DEV FIN CORP 5 6/1/2051 0.07
      INDIANA FIN AUTH -A - 6.75 5/1/2039 0.07
      CA MUNI FIN-A 5 7/1/2038 0.07
      MIAMI-DADE EXPWY-A 5 7/1/2040 0.07
      IL FIN AUTH-B-REF 5.25 4/1/2039 0.07
      GUAM INTERNATIONAL AR 5.375 10/1/2033 0.06
      GUAM PWR AUTH-A-REF 5 10/1/2033 0.06
      DIST OF COLUMBIA REV 4 7/1/2044 0.06
      MORONGO BAND OF MISSN 5 10/1/2042 0.06
      CAPITAL TRUST AGY 5 12/15/2035 0.06
      IL FIN AUTH-A-REF 5.25 4/1/2042 0.06
      MET ATLANTA-B-REV 5 7/1/2042 0.06
      BUILD NYC RESOURCE-A 5 6/15/2051 0.06
      ILLINOIS ST-B 5 5/1/2039 0.06
      WA HSG FIN CO-REV-REF 6.125 7/1/2053 0.06
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      DETROIT 5 4/1/2029 0.06
      DETROIT 5 4/1/2031 0.06
      DETROIT 5 4/1/2034 0.06
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      HOUSTON-C-REF-AMT 5 7/15/2027 0.06
      IRVINE IMPT BOND ACT 4 9/2/2029 0.06
      NEW YORK ST DORM AUTH 5.5 10/1/2054 0.06
      MA DEV FIN AGY-REF 5 10/1/2037 0.06
      POINT 1 DT#1-A-1 5.875 3/1/2045 0.06
      TX PUB FIN AUTH-REV 5.25 5/1/2041 0.06
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      NJ TRANSPRTN TRUST-CC 5 6/15/2043 0.06
      ILLINOIS ST-B 5.25 5/1/2044 0.06
      MIDA MOUNTAIN VLG-2 5.75 6/15/2044 0.06
      LOWER CO RIVER AUTH 5 5/15/2044 0.06
      MIDA MOUNTAIN VLG-2 5.5 6/15/2039 0.06
      ARLINGTON HGR EDU FIN 5 6/15/2064 0.06
      ILLINOIS ST-B 5.25 5/1/2047 0.06
      MET GOVT NASHVILLE -A 5.25 7/1/2053 0.06
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      IL FIN AUTH -REV 5 6/1/2047 0.06
      PALOMAR HLTH-REF 5 11/1/2039 0.06
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      REGL CO TRANS DT-A 4 7/15/2033 0.06
      JEFFERSON CO-REF 5.25 10/1/2049 0.06
      VAIL HOME PARTNERS CO 5.875 10/1/2055 0.06
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      DOWNTOWN DAYBREAK#1 5.625 3/1/2046 0.06
      FOWLER CO UNIF SD-B 3.375 8/1/2045 0.06
      LOS ANGELES -C-REF 5 7/1/2052 0.06
      ARLINGTON TX HGR EDU 5 8/15/2038 0.06
      LOS ANGELES -C-REF 5 7/1/2055 0.06
      MA DEV FIN AGY-REF 4 7/1/2045 0.06
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      MIDA MOUNTAIN VLG-1 5.125 6/15/2054 0.06
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      IL FIN AUTH-A-REF 5.25 4/1/2043 0.06
      CA SCH FIN-REV-REF 5 7/1/2049 0.06
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      MA DEV FIN AGY-C 6.125 7/1/2066 0.06
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      NEW YORK NY 3 3/1/2041 0.06
      RESTRUCTURED-SER A1 5.75 7/1/2031 0.06
      TRANSBAY JT PWRS-A 5 10/1/2039 0.06
      CHICAGO IL BRD OF EDU 5 12/1/2041 0.05
      MIDA MOUNTAIN VLG PUB 4 8/1/2030 0.05
      ARLINGTON HGR EDU FIN 4.875 6/15/2054 0.05
      AZ ST INDL DEV AUTH 5 7/1/2049 0.05
      DETROIT 5 4/1/2032 0.05
      PUB FIN AUTH-B 9 5/1/2071 0.05
      PUB FIN AUTH-PIEDMONT 5 6/15/2053 0.05
      BUILD NYC RESOURCE-A 5 6/1/2047 0.05
      TOBACCO SETTLEMENT-A2 4 6/1/2040 0.05
      REGL CO TRANS DT-A 3 7/15/2037 0.05
      MIDA MOUNTAIN VLG-1 5.25 6/1/2045 0.05
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      ARIZONA IDA-A 4 7/1/2041 0.05
      GOLDEN ST TOBACCO-B-2 0 6/1/2066 0.05
      OR COAST COMNTY-CONV 5 6/15/2045 0.05
      MA DEV FIN AGY-N-REF 5 10/1/2043 0.05
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      GA MUNI ELEC AUTH-A 4 1/1/2051 0.05
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      WASHINGTON HLTH CARE 4 12/1/2048 0.05
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      CA SCH FIN AUTH-A 5 7/1/2047 0.05
      INDIANA FIN AUTH-A 5 6/1/2043 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 0.05
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      RESTRUCTURED-SER A-2 4.784 7/1/2058 0.05
      CHICAGO BRD OF EDU-A 4 12/1/2027 0.05
      RESTRUCTURED-CABS-SER 0 7/1/2033 0.05
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      RESTRUCTURED-SER A1 4 7/1/2041 0.05
      RESTRUCTURED-SER A1 4 7/1/2046 0.05
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      LOS ANGELES -C-REF 5 7/1/2049 0.04
      WARM SPRINGS-B-REF 5 11/1/2039 0.04
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      LOWELL COLLEGIATE 5 6/15/2054 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
      ARLINGTON HGR EDU FIN 4 8/15/2046 0.04
      HIDALGO CO-A 4 12/1/2041 0.04
      OREGON ST-A-REF 5 5/1/2040 0.04
      CA SCH FIN AUTH-UNREF 5 6/1/2047 0.04
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      UT ST CHRT SCH FIN-A 5 4/15/2044 0.04
      CA ST MUNI FIN AUTH 5 6/1/2035 0.04
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      ARIZONA ST INDL DEV A 5 12/15/2049 0.04
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      RESTRUCTURED-SER A1 4 7/1/2037 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2051 0.03
      GUAM INTERNATIONAL AR 5.375 10/1/2040 0.03
      TX PUB FIN AUTH-REV 5.25 5/1/2040 0.03
      OREGON ST-A-REF 5.25 5/1/2042 0.03
      IL FIN AUTH-A-REF 5.25 4/1/2041 0.03
      A.B WON PAT AUTH-A 5 10/1/2032 0.03
      LATROBE INDL DEV AUTH 4 3/1/2046 0.03
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      FL DEV FIN IMAGINE 5 12/15/2034 0.03
      LATROBE INDL DEV AUTH 4 3/1/2051 0.03
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      NTHRN CA TOBACCO-A 4 6/1/2037 0.03
      FL DEV FIN IMAGINE 5 12/15/2039 0.03
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      CA MUNI FIN AUTH-A 5.25 9/1/2055 0.03
      MI TOB SETTLMT-CABS-C 0 6/1/2058 0.03
      RESTRUCTURED-SER A1 5.625 7/1/2027 0.03
      BUILD NYC RES CORP -A 4 6/15/2041 0.03
      VERNON-A-REF -REV 5 8/1/2039 0.03
      TAMPA -A -REV -CABS 0 9/1/2049 0.03
      VERNON-A-REF -REV 5 8/1/2041 0.03
      FL DEV FIN IMAGINE 4 12/15/2029 0.03
      TAMPA -A -REV -CABS 0 9/1/2041 0.03
      CA ST SCH FIN AUTH-A 4 8/1/2041 0.03
      PR SALES TAX FING-A1 0 7/1/2033 0.03
      INDIANA FIN AUTH-A 5 6/1/2033 0.03
      MASSACHUSETTS ST DEV 4 10/1/2045 0.03
      PR SALES TAX FING-A1 0 7/1/2031 0.03
      NEW YORK TRANSPRTN-A 5 12/1/2035 0.03
      ARIZONA INDL DEV AUTH 4 12/15/2041 0.03
      TAMPA -A -REV -CABS 0 9/1/2042 0.02
      ARIZONA ST INDL DEV A 5 12/15/2039 0.02
      VERNON-A-REF -REV 5 8/1/2040 0.02
      PR SALES TAX FING-A1 0 7/1/2029 0.02
      ALBANY CAP RESOURCE C 4.5 6/1/2044 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2055 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
      ARLINGTON HGR EDU FIN 4 8/15/2036 0.02
      OR COAST COMNTY-CONV 5 6/15/2043 0.02
      GUAM INTERNATIONAL AR 5.25 10/1/2035 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
      CA SCH FIN-REV-REF 5 7/1/2039 0.02
      LA PUB FAC-A-PREREFD 4 4/1/2050 0.02
      DEKALB CO DEV AUTH -A 5 6/1/2040 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
      CAPITAL TRUST AGY-A1 5 7/1/2048 0.01
      A.B WON PAT AUTH-A 5.25 10/1/2037 0.01
      NTHRN CA TOBACCO-A 4 6/1/2040 0.01
      OHIO ST-E-REV-REF 4 1/15/2040 0.01
      A.B WON PAT AUTH-B 5 10/1/2041 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-B 5 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 10/1/2042 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
      Net Current Assets -0.15

      % 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 08/31/26. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 4 Stars (253 funds rated); 3 Yrs. 4 Stars (253 funds rated); 5 Yrs. 3 Stars (237 funds rated); 10 Yrs. 5 Stars (178 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
            90 out of 261
          • 3 Year
            40 out of 247
          • 5 Year
            33 out of 240
          • 10 Year
            15 out of 182

          LIPPER CLASSIFICATION General & Insured Municipal Debt Funds

          Lipper Category returns and rankings as of 08/31/26, 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  08/31/26  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          BMOP
          		5.91 0.74 1.03 96.57 -0.06

          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
          10/01/26 10/01/26 10/06/26 0.0843 0.0000 0.0000 0.0000 0.0843
          (Values Listed In $)EX DATE RECORD DATE PAYABLE DATE DIVIDEND INCOME SHORT-TERM 
          CAPITAL GAIN          		 LONG-TERM 
          CAPITAL GAIN          		 RETURN OF CAPITAL TOTAL DISTRIBUTION
          09/01/26 09/01/26 09/04/26 0.0794 0.0000 0.0000 0.0000 0.0794
          08/03/26 08/03/26 08/06/26 0.0840 0.0000 0.0000 0.0000 0.0840
          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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          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

          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 (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, affiliate of MIC and subsidiary of BNY. BNY Investments is the brand name for the investment management business of BNY and its investment firm affiliates worldwide. BNY is the corporate brand of The Bank of New York Mellon Corporation and may be used to reference the corporation as a whole or its various subsidiaries generally. 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. | MIC-978381-2026-07-30


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