Historical Prices

Start Date End Date

BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund

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
$0
Class Inception Date
11/29/07
Class Status
Class Z shares are closed to new accounts.
Fund Assets
$119,238,276  As of  11/25/20
Class Assets
$32,924,258  As of  11/25/20
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
83  As of  10/31/20
Average Effective Maturity
16.96  yr(s).  As of  10/31/20
Average Effective Duration
4.87  yr(s).  As of  10/31/20

Morningstar Rating™ as of October 31, 2020 for the Class Z 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 (49 funds rated); 3 Yrs. 3 Stars (49 funds rated); 5 Yrs. 4 Stars (46 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


As of  10/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
DPENX
2.72 3.77 3.73 3.82 4.13 11/29/07
Bloomberg Barclays U.S. Municipal Bond Index
3.59 4.09 3.70 3.99 - -
As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
DPENX
2.82 3.87 3.79 3.80 4.16 11/29/07
Bloomberg Barclays U.S. Municipal Bond Index
4.09 4.28 3.84 3.99 - -
As of  10/31/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
DPENX
2.72 11.73 20.07 45.42 68.66 11/29/07
Bloomberg Barclays U.S. Municipal Bond Index
3.59 12.77 19.92 47.91 - -
As of  09/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon State Municipal Bond Funds, BNY Mellon Pennsylvania Fund
DPENX
2.82 12.05 20.45 45.18 68.85 11/29/07
Bloomberg Barclays U.S. Municipal Bond Index
4.09 13.39 20.76 47.94 - -
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

    Class Z shares are closed to new accounts.
    Fund 10/20 09/20 08/20 07/20 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19
    DPENX
    2.42% 2.61% 2.68% 2.51% 2.65% 2.71% 2.80% 2.78% 2.61% 2.60% 2.66% 2.65%

    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.

    Fund 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
    DPENX
    7.45% 0.46% 5.98% 0.93% 3.88% 9.34% -3.98% 7.55% 9.47% 1.95%

    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: 1.12%

    Combined Effective Federal and State Income Tax Rate

     

    As of  11/25/20
    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
    DPENX
    1.60% 1.72% 1.83% 1.89% 2.04%

    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: 1.02%

    Combined Effective Federal and State Income Tax Rate

     

    As of  11/25/20
    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
    DPENX
    1.46% 1.57% 1.67% 1.72% 1.86%

    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.


    Prospectus Fee Table Expense Ratios

    As of  09/01/20 Fee Description Expense Ratio (%)
    Management Fee 0.55%
    Shareholder Service Fees 0.04%
    Other Expenses 0.21%
    Total Expenses 0.80%
    Expenses Reimbursed 0.10%
    Net Expenses 0.70%
    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 receipt of a portion of its management fees, in the amount of .10% of the value of the fund's average daily net assets until September 1, 2021. On or after September 1, 2021, BNY Mellon Investment Adviser, Inc. may terminate this waiver agreement at any time.

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Thomas Casey and Daniel Rabasco, CFA are the fund's primary portfolio managers, positions they have held since October 2014 and February 2012, respectively. Mr. Casey is a director and senior portfolio manager for tax-sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of BNYM Investment Adviser. Mr. Rabasco is a managing director and Head of Municipal Bonds at Mellon. Messrs. Casey and Rabasco also are employees of BNYM Investment Adviser.

    Asset Allocation


        Daily Statistics

        As of  11/25/20 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
        DPENX
        1.02% 1.12% $16.52
        -$0.01
        -0.06%
        $16.83 $15.02 3.72%

        Performance Metrics

        Overall Morningstar Rating


        MORNINGSTAR CATEGORY Municipal Pennsylvania


        Morningstar Rating™ as of 10/31/20 for the Class Z shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania. Fund ratings are out of 5 Stars: Overall 3 Stars (137 funds rated); 3 Yrs. 3 Stars (49 funds rated); 5 Yrs. 4 Stars (46 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
          14 out of 51
        • 3 Year
          11 out of 47
        • 5 Year
          6 out of 44
        • 10 Year
          12 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  10/31/20, 3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
        DPENX
        4.30 -0.42 1.05 95.09 0.52

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Apr 30
        Annualized Distribution Rate
        2.42%
        As of  10/2020
        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 ($)
        10/2020 0.032450247
        09/2020 0.035195213
        08/2020 0.037373464
        07/2020 0.035072916
        06/2020 0.037549254
        05/2020 0.034523331
        04/2020 0.036003221
        03/2020 0.039068309
        02/2020 0.033583983
        01/2020 0.036675166
        12/2019 0.038366073
        11/2019 0.034642347
        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
        DPENX
        0.0000 0.0000 0.0000 0.0000 0.1170 0.1170 16.32
        Record Date Ex-Dividend Date Payable Date
        DPENX
        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
        DPENX
        Estimated 0.0000 0.0000 0.0000 0.0000 0.1297 0.1297 -
        Record Date Ex-Dividend Date Payable Date
        DPENX
        12/22/20 12/23/20 12/23/20