Historical Prices

Start Date End Date

BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund

Overview

Why invest in this Fund?

The fund seeks to maximize current income exempt from federal income tax and Pennsylvania state income tax, without undue risk.

To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and Massachusetts state income taxes. The fund invests at least 70% of its assets in municipal bonds rated, at the time of purchase, investment grade (Baa/BBB or higher) or the unrated equivalent as determined by the manager. For additional yield, the fund may invest up to 30% of its assets in municipal bonds rated below investment grade or the unrated equivalent as determined by the manager.
Min. class investment
$1,000
Class Inception Date
07/30/87
Fund Assets
$123,994,183  As of  08/06/20
Class Assets
$88,813,649  As of  08/06/20
Portfolio Turnover Rate
14.71%  As of fiscal year end  04/30/20
Morningstar Category
Municipal Pennsylvania
Benchmark
Bloomberg Barclays U.S. Municipal Bond Index
Morningstar Overall Rating
Fund Holdings
84  As of  06/30/20
Average Effective Maturity
16.88  yr(s).  As of  06/30/20
Average Effective Duration
5.03  yr(s).  As of  06/30/20

Morningstar Rating™ as of June 30, 2020 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania category. Fund ratings are out of 5 Stars: Overall 3 Stars (47 funds rated); 3 Yrs. 3 Stars (47 funds rated); 5 Yrs. 3 Stars (45 funds rated); 10 Yrs. 3 Stars (42 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 (not including the effects of sales charges, loads and redemption fees if applicable), 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. ©2018 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. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

Portfolio Managers

  • Casey, Thomas

    Thomas Casey

    Portfolio Manager, Mellon Investments Corporation

    6 yr(s). on fund

  • Rabasco, Daniel

    Daniel Rabasco

    Portfolio Manager, Mellon Investments Corporation

    8 yr(s). on fund

Performance

Average Annual Returns

Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load

Month End

As of  07/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
PTPAX
 3.91 3.88 3.82 3.85 5.46 07/30/87

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
PTPAX
 2.67 3.45 3.58 3.76 5.41 07/30/87
Bloomberg Barclays U.S. Municipal Bond Index
 4.45 4.22 3.93 4.22 - -

Cumulative Returns

Click here to see SALES CHARGE  Max Sales Charge:  4.50% Front End Load

Month End

As of  07/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
PTPAX
 3.91 12.10 20.61 45.95 478.29 07/30/87

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
PTPAX
 2.67 10.70 19.24 44.67 467.36 07/30/87
Bloomberg Barclays U.S. Municipal Bond Index
 4.45 13.20 21.26 51.12 - -
The Bloomberg Barclays U.S. Municipal Bond Index covers the U.S. dollar-denominated long-term tax-exempt bond market. Investors cannot invest directly in any index.

Growth of $10,000 Investment

Historical Performance

    These figures do not reflect the maximum sales charge which, if included, would reduce return.

    Monthly

    Fund 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19 08/19
    PTPAX
    		 2.19% 2.26% 2.34% 2.47% 2.39% 2.30% 2.33% 2.36% 2.33% 2.37% 2.37% 2.28%

    Yield fluctuates and past performance is no guarantee of future results.

    Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

    Yearly

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    PTPAX
    		 7.16% 0.25% 5.81% 0.63% 3.72% 9.10% -4.25% 7.39% 9.23% 1.74%

    Investment return fluctuates and past performance is no guarantee of future results.

    Taxable Equivalent Yield Based on the Fund's 30-day SEC Yield

    30-Day SEC Yield With Waiver: 1.09%

    Combined Effective Federal and State Income Tax Rate

     

    As of  08/06/20
    Name 30.21% 35.06% 38.74% 40.68% 45.14%
    Joint Return $151,901 to $231,450 $231,451 to $250,000 $250,001 to $413,350 $413,351 to $466,950 Over $466,951
    Single Return $91,151 to $190,150 $190,151 to $200,000 $200,001 to $413,350 $413,351 to $415,050 Over $415,051
    BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
    PTPAX
    		 1.56% 1.68% 1.78% 1.84% 1.99%

    Composite effective Federal and State tax bracket for Pennsylvania residents after Federal benefits. Income is subject to State and local taxes for non-Pennsylvania residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    30-Day SEC Yield Without Waiver: 0.99%

    Combined Effective Federal and State Income Tax Rate

     

    As of  08/06/20
    Name 30.21% 35.06% 38.74% 40.68% 45.14%
    Joint Return $151,901 to $231,450 $231,451 to $250,000 $250,001 to $413,350 $413,351 to $466,950 Over $466,951
    Single Return $91,151 to $190,150 $190,151 to $200,000 $200,001 to $413,350 $413,351 to $415,050 Over $415,051
    BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
    PTPAX
    		 1.42% 1.52% 1.62% 1.67% 1.80%

    Composite effective Federal and State tax bracket for Pennsylvania residents after Federal benefits. Income is subject to State and local taxes for non-Pennsylvania residents. Some income may be subject to the Federal Alternative Minimum Tax. Capital gains, if any, are taxable.

    Restated yields do not reflect current undertaking in effect, which may be modified, extended, or terminated at any time.

    Fees & Expenses

    Prospectus Fee Table Expense Ratios

    As of  08/30/19 Fee Description Expense Ratio (%)
    Management Fee 0.55%
    Service Fee 0.25%
    Other Expenses 0.20%
    Total Expenses 1.00%
    Expenses Reimbursed 0.10%
    Net Expenses 0.90%
    Total 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 Total Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.
    The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed to waive a receipt of a portion of its management fee, in the amount of .10% of the value of the fund's average daily net assets, until August 30, 2020. On or after August 30, 2020, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time.

    Sales Charge

    Investment Amount Sales Charge
    Less than $50,000 4.50%
    Less than $100,000 4.00%
    Less than $250,000 3.00%
    Less than $500,000 2.50%
    Less than $1,000,000 2.00%
    Over $1,000,000 0.00%
    There is a 1% CDSC for purchases of $1,000,000 and over if redeemed within one year of purchase.
    Portfolio

    Portfolio Manager/Sub-Investment Advisor

    The investment adviser to the fund is BNY Mellon Investment Adviser, Inc. Thomas Casey and Daniel Rabasco are the fund's primary portfolio managers, positions they have held since October 2014 and February 2012, respectively. Mr. Casey is a senior portfolio manager for tax-sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. Mr. Rabasco is the Chief Investment Officer for tax-sensitive fixed income at Mellon. Mellon investment professionals manage the fund in their capacity as employees of BNY Mellon Investment Adviser, Inc.

    Asset Allocation

        Stats & Risks

        Daily Statistics

        As of  08/06/20 Name 30-Day Sec Yield 
        (WITHOUT WAIVER)        		 30-Day Sec Yield 
        (WITH WAIVER)        		 NAV Change 03/09/20  12 Month 
        High Nav        		 03/20/20  12 Month 
        Low Nav        		 YTD Return
        PTPAX
        		 0.99% 1.09% $16.54
        $0.02
        0.12%
        		 $16.83 $15.03 2.90%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Municipal Pennsylvania

        Morningstar Rating™ as of 06/30/20 for the Class A shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania. Fund ratings are out of 5 Stars: Overall 3 Stars (134 funds rated); 3 Yrs. 3 Stars (47 funds rated); 5 Yrs. 3 Stars (45 funds rated); 10 Yrs. 3 Stars (42 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 (not including the effects of sales charges, loads and redemption fees if applicable), 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. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

        Lipper Rankings

        • 1 Year
          26 out of 51
        • 3 Year
          16 out of 45
        • 5 Year
          10 out of 43
        • 10 Year
          18 out of 40

        LIPPER CLASSIFICATION Pennsylvania Municipal Debt Funds

        Lipper Category returns and rankings 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

        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 declines.
        Municipal income may be subject to state and local taxes for out-of-state residents. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
        Recent market risks include pandemic risks related to COVID-19. The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect certain countries, companies, industries and market sectors more dramatically than others. To the extent the fund may overweight its investments in certain countries, companies, industries or market sectors, such positions will increase the fund's exposure to risk of loss from adverse developments affecting those countries, companies, industries or sectors.

        Risk Metrics

        As of  06/30/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        PTPAX
        		 4.20 -0.84 1.04 95.15 0.43
        Distributions

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Apr 30
        Annualized Distribution Rate
        2.19%
        As of  07/2020
        Annualized distribution rate is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.
        Month/Year Dividend ($)
        07/2020 0.032159814
        06/2020 0.033561434
        05/2020 0.031221327
        04/2020 0.033235120
        03/2020 0.035114651
        02/2020 0.030965162
        01/2020 0.034356658
        12/2019 0.035593967
        11/2019 0.031871026
        10/2019 0.034625955
        09/2019 0.034735176
        08/2019 0.032622488
        All figures as of month-end. Dividend history does not reflect any capital gains that may have been paid.

        Distributions History

        (Values Listed In $) Ordinary 
        Non-Qualified 
        Dividends        		 Qualified 
        Dividends        		 Non-Qualified 
        Short-Term 
        Capital Gain        		 Qualified 
        Short-Term 
        Capital Gain        		 Long-Term 
        Capital Gain        		 Total 
        Distribution        		 Reinvest 
        NAV
        PTPAX
        		 0.0000 0.0000 0.0000 0.0000 0.1170 0.1170 16.32
        Record Date Ex-Dividend Date Payable Date
        PTPAX
        		 12/26/19 12/27/19 12/27/19
        (Values Listed In $) Distribution Status Ordinary 
        Non-Qualified 
        Dividends        		 Qualified 
        Dividends        		 Non-Qualified 
        Short-Term 
        Capital Gain        		 Qualified 
        Short-Term 
        Capital Gain        		 Long-Term 
        Capital Gain        		 Total 
        Distribution        		 Reinvest 
        NAV
        PTPAX
        		 Final 0.0000 0.0000 0.0000 0.0000 0.1170 0.1170 16.32
        Record Date Ex-Dividend Date Payable Date
        PTPAX
        		 12/26/19 12/27/19 12/27/19
        Literature