Historical Prices

Start Date End Date

BNY Mellon Short-Intermediate Municipal Bond Fund

Overview

Why invest in this Fund?

The fund seeks to maximize current income exempt from federal income tax to the extent consistent with the preservation of capital.

Accordingly, the fund normally invests substantially all of its net assets in municipal bonds that provide income exempt from federal personal income tax. The fund invests only in municipal bonds rated investment grade. The fund invests primarily in municipal bonds with remaining maturities of five years or less and generally maintains a dollar-weighted average portfolio maturity of two to three years.

Min. class investment
$1,000
Class Inception Date
12/15/08
Class Status
Not available for purchase by individual investors.
Fund Assets
$291,671,825  As of  07/10/20
Class Assets
$76,502,268  As of  07/10/20
Portfolio Turnover Rate
47.12%  As of fiscal year end  03/31/20
Morningstar Category
Municipal National Short
Benchmark
Bloomberg Barclays Municipal Bond: 3 Year Index (2-4)
Morningstar Overall Rating
Fund Holdings
143  As of  05/31/20
Average Effective Maturity
2.28  yr(s).  As of  05/31/20
Average Effective Duration
2.06  yr(s).  As of  05/31/20

Morningstar Rating™ as of June 30, 2020 for the Class I class shares; other classes may have different performance characteristics. Overall rating for the Municipal National Short category. Fund ratings are out of 5 Stars: Overall 3 Stars (188 funds rated); 3 Yrs. 3 Stars (188 funds rated); 5 Yrs. 3 Stars (173 funds rated); 10 Yrs. 3 Stars (127 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

    9 yr(s). on fund

  • Burger, Jeffrey

    Jeffrey Burger

    Senior Portfolio Manager, Mellon Investments Corporation

    8 yr(s). on fund

Performance

Average Annual Returns

Month End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short-Intermediate Municipal Bond Fund
DIMIX
 2.34 1.78 1.47 1.45 3.54 12/15/08
Bloomberg Barclays Municipal Bond: 3 Year Index (2-4)
 3.12 2.36 1.95 1.83 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short-Intermediate Municipal Bond Fund
DIMIX
 2.34 1.78 1.47 1.45 3.54 12/15/08
Bloomberg Barclays Municipal Bond: 3 Year Index (2-4)
 3.12 2.36 1.95 1.83 - -

Cumulative Returns

Month End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short-Intermediate Municipal Bond Fund
DIMIX
 2.34 5.44 7.58 15.47 216.63 12/15/08
Bloomberg Barclays Municipal Bond: 3 Year Index (2-4)
 3.12 7.25 10.14 19.86 - -

Quarter End

As of  06/30/20 Name 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
BNY Mellon Short-Intermediate Municipal Bond Fund
DIMIX
 2.34 5.44 7.58 15.47 216.63 12/15/08
Bloomberg Barclays Municipal Bond: 3 Year Index (2-4)
 3.12 7.25 10.14 19.86 - -
The Bloomberg Barclays Municipal Bond: 3 Year Index (2-4) covers the U.S. dollar-denominated 2-4 year tax-exempt bond market. Investors cannot invest directly in any index.

The total return performance figures presented for Class I shares of the fund represent the performance of the fund's Class D for periods prior to December 15, 2008, the inception date for Class I shares, and the performance of Class I, respectively, from that inception date. Performance reflects the applicable class' distribution/servicing fees since the inception date. Had these fees and expenses been reflected for periods prior, performance would have been different. Investors should consider, when deciding whether to purchase a particular class of shares, the investment amount, anticipated holding period and other relevant factors.

Growth of $10,000 Investment

Historical Performance

    Not available for purchase by individual investors.

    Monthly

    Fund 06/20 05/20 04/20 03/20 02/20 01/20 12/19 11/19 10/19 09/19 08/19 07/19
    DIMIX
    		 1.27% 1.35% 1.41% 1.51% 1.47% 1.43% 1.49% 1.49% 1.48% 1.53% 1.51% 1.56%

    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
    DIMIX
    		 3.21% 1.33% 1.31% -0.39% 0.88% 1.08% 0.87% 1.54% 3.24% 1.73%

    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: 0.63%

    Combined Effective Federal Income Tax Rate

     

    As of  07/10/20
    Name 28.00% 33.00% 36.80% 38.80% 43.40%
    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 Short-Intermediate Municipal Bond Fund
    DIMIX
    		 0.88% 0.94% 1.00% 1.03% 1.11%

    Income is subject to state and local taxes, and some portion may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are fully taxable.

    30-Day SEC Yield Without Waiver: 0.59%

    Combined Effective Federal Income Tax Rate

     

    As of  07/10/20
    Name 28.00% 33.00% 36.80% 38.80% 43.40%
    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 Short-Intermediate Municipal Bond Fund
    DIMIX
    		 0.82% 0.88% 0.93% 0.96% 1.04%

    Income is subject to state and local taxes, and some portion may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are fully 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  08/01/19 Fee Description Expense Ratio (%)
    Management Fee 0.30%
    Other Expenses 0.13%
    Total Expenses 0.43%
    Expenses Reimbursed 0.04%
    Net Expenses 0.39%
    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, until August 1, 2020, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of none of its classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed 0.39%. On or after August 1, 2020, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation at any time.
    Portfolio

    Portfolio Manager/Sub-Investment Advisor

    The fund's investment adviser is BNY Mellon Investment Adviser, Inc. The fund's primary portfolio managers are Thomas Casey and Jeffrey Burger, positions they have held since April 2011 and February 2012, respectively. Messrs. Casey and Burger are senior portfolio managers for tax sensitive strategies at Mellon Investments Corporation (Mellon), an affiliate of BNY Mellon Investment Adviser, Inc. 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  07/10/20 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
        DIMIX
        		 0.59% 0.63% $13.11
        $0.01
        0.08%
        		 $13.15 $12.48 1.43%

        Performance Metrics

        Overall Morningstar Rating

        MORNINGSTAR CATEGORY Municipal National Short

        Morningstar Rating™ as of 06/30/20 for the Class I shares; other classes may have different performance characteristics. Overall rating for the Municipal National Short. Fund ratings are out of 5 Stars: Overall 3 Stars (488 funds rated); 3 Yrs. 3 Stars (188 funds rated); 5 Yrs. 3 Stars (173 funds rated); 10 Yrs. 3 Stars (127 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
          23 out of 139
        • 3 Year
          43 out of 116
        • 5 Year
          33 out of 104
        • 10 Year
          21 out of 69

        LIPPER CLASSIFICATION Short 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. Some income may be subject to the federal alternative minimum tax for certain investors. Capital gains, if any, are taxable.
        The fund is non-diversified, which means the fund may invest in a relatively high percentage of its assets in a limited number of issuers. Performance may be more vulnerable to changes in the market of a single issuer.
        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
        DIMIX
        		 1.66 -0.83 0.36 74.52 0.06
        Distributions

        Dividend Schedule

        Declared
        Daily
        Distributed
        Monthly
        Paid
        Monthly
        Fiscal Year End
        Mar 31
        Annualized Distribution Rate
        1.27%
        As of  06/2020
        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 ($)
        06/2020 0.014550387
        05/2020 0.014001029
        04/2020 0.014876676
        03/2020 0.017080050
        02/2020 0.014794162
        01/2020 0.015915733
        12/2019 0.017038469
        11/2019 0.015373804
        10/2019 0.016406267
        09/2019 0.016832692
        08/2019 0.016149104
        07/2019 0.018402720
        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
        DIMIX
        		 0.0000 0.0000 0.0025 0.0000 0.0097 0.0122 12.80
        Record Date Ex-Dividend Date Payable Date
        DIMIX
        		 12/28/16 12/29/16 12/29/16
        Literature