BNY Mellon Massachusetts Intermediate Municipal Bond Fund

    Overview

    Why invest in this Fund?

    The fund seeks as high a level of income exempt from federal and Massachusetts state income taxes as is consistent with the preservation of capital.

    To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds, the interest from which is exempt from federal and Massachusetts state personal income taxes. The fund also may invest in municipal bonds that are exempt from federal income taxes, but not Massachusetts personal income taxes, and in taxable bonds.

    The fund's investments in municipal and taxable bonds must be of investment grade (i.e. Baa/BBB or higher) quality at the time of purchase or, if unrated, deemed of comparable quality by the investment adviser. Generally, the fund's average effective portfolio maturity will be between three and ten years and its average effective portfolio duration will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

    In calculating average effective portfolio maturity and average effective portfolio duration, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
    Class Inception Date
    09/06/02
    Fund Assets
    $146,982,621  As of  09/13/24
    Class Assets
    $139,115,957  As of  09/13/24
    Portfolio Turnover Rate
    102.77% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal Massachusetts
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Morningstar Overall Rating
    Fund Holdings
    125 As of 08/31/24
    AVERAGE EFFECTIVE MATURITY
    9.86 yr(s).  As of  08/31/24

    Morningstar Rating™ as of August 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Municipal Massachusetts category. Fund ratings are out of 5 Stars: Overall 4 Stars (40 funds rated); 3 Yrs. 5 Stars (40 funds rated); 5 Yrs. 4 Stars (39 funds rated); 10 Yrs. 3 Stars (31 funds rated).

    Yields and Expense Ratio

    SUBSIDIZED
    as of 09/13/24     		UNSUBSIDIZED
    as of 09/13/24     		ANNUALIZED DISTRIBUTION RATE
    as of 08/31/24     		TAXABLE EQUIVALENT DISTRIBUTION *
    as of
    08/31/24     		PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23     		CONTRACTUAL
    FEE WAIVER END DATE
    30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * 30-DAY SEC YIELD TAXABLE EQUIVALENT YIELD * Net Gross
    2.74 5.46 2.74 5.46 2.35 4.68 0.58 0.58 -

    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.

    The taxable-equivalent yield is the return that a taxable bond fund needs to possess for its yield to equal the yield on a comparable tax-exempt bond fund, such as a municipal bond fund.

    Tax rates are subject to change; please consult with your financial or tax professional for information concerning your specific situation.

    * Based on maximum combined federal, state and Medicare tax of 49.80%. Other taxes not included.

    Portfolio Managers

    • Mary Collette O'Brien

      Mary Collette O'Brien

      Managing Director , The Bank of New York Mellon

      Managing Fund Since 2006
    Performance

    Total Returns

    Month End

    Average Annual
    As of 08/31/24
    Name 3 MO
    08/31/24     		YTD
    08/31/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Massachusetts Intermediate Municipal Bond Fund
    MMBMX
    		3.00 1.33 5.47 -0.14 0.90 1.93 3.78
    S&P Municipal Bond Investment Grade Intermediate Index
    		3.40 1.09 5.22 -0.22 1.05 2.23 -

    Quarter End

    Average Annual
    As of 06/30/24
    Name 3 MO
    06/30/24     		YTD
    06/30/24     		1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Massachusetts Intermediate Municipal Bond Fund
    MMBMX
    		-0.31 -0.38 3.17 -0.56 0.99 1.87 3.75
    S&P Municipal Bond Investment Grade Intermediate Index
    		-0.45 -0.79 2.55 -0.67 1.08 2.17 -

    The S&P Municipal Bond Investment Grade Intermediate Index consists of bonds in the S&P Municipal Bond Index that are rated at least BBB- by Standard & Poor's, Baa3 by Moody's or BBB- by Fitch Ratings. All bonds must also have a minimum maturity of 3 years and a maximum maturity of up to, but not including, 15 years as measured from the rebalancing date. Investors cannot invest directly in any index.

    The total return performance figures presented for Class M shares of the fund represent the performance of the fund's Class R for periods prior to September 06, 2002, the inception date for Class M shares, and the performance of Class M, 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.

    Growth of $10,000 Investment

    Historical Performance

      Monthly

      Yearly

      Fees & Expenses

      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.35%
      Administration Fee 0.14%
      Other Expenses 0.09%
      Total Expenses 0.58%
      Net Expenses 0.58%
      Portfolio

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). Mary Collette O'Brien is the fund's primary portfolio manager, a position she has held since March 2006. Ms. O'Brien is a managing director at BNY Wealth Management. She also is an employee of BNYM Investment Adviser and manages the fund in her capacity as an employee of BNYM Investment Adviser.
      Download Total Holdings

      Asset Allocation

          Stats & Risks

          Daily Statistics

          As of 09/13/24 Name NAV Change 09/13/24  12 Month 
          High Nav           		10/30/23  12 Month 
          Low Nav           		YTD Return
          MMBMX
          		$12.41
          $0.00
          0.00%
          		$12.41 $11.58 2.00%

          Performance Metrics

          Overall Morningstar Rating

          MORNINGSTAR CATEGORY Municipal Massachusetts

          Morningstar Rating™ as of 08/31/24 for the Class M shares; other classes may have different performance characteristics. Overall rating for the Municipal Massachusetts. Fund ratings are out of 5 Stars: Overall 4 Stars (40 funds rated); 3 Yrs. 5 Stars (40 funds rated); 5 Yrs. 4 Stars (39 funds rated); 10 Yrs. 3 Stars (31 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
            5 out of 46
          • 3 Year
            3 out of 46
          • 5 Year
            2 out of 46
          • 10 Year
            4 out of 41

          LIPPER CLASSIFICATION Other States Intermediate Muni Debt Fds

          Lipper Category returns and rankings as of 08/31/24, 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

          The fund is subject generally to interest rate, credit, liquidity, call, and market risks, to varying degrees, all of which are more fully described in the fund's prospectus.
          Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          High yield bonds are subject to increased credit risk and are considered speculative in terms of the issuer's perceived ability to continue making interest payments on a timely basis and to repay principal upon maturity.
          Investing primarily in a single state may make the fund's portfolio securities more sensitive to risks specific to the state.
          Please refer to the prospectus for a more complete discussion of the fund's main risks..

          Risk Metrics

          As of  08/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MMBMX
          		6.25 -0.43 0.82 99.07 -0.59

          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.


          Distributions

          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31
          Month/Year Dividend ($)
          08/2024 0.026225914
          07/2024 0.024548321
          06/2024 0.021839811
          05/2024 0.025839735
          04/2024 0.023708679
          03/2024 0.024531476
          02/2024 0.022653489
          01/2024 0.023648719
          12/2023 0.024729695
          11/2023 0.023255726
          10/2023 0.025307487
          09/2023 0.022787734

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends           		Qualified 
          Dividends           		Non-Qualified 
          Short-Term 
          Capital Gain           		Qualified 
          Short-Term 
          Capital Gain           		Long-Term 
          Capital Gain           		Total 
          Distribution
          12/22/21 12/23/21 12/23/21 0.0000 0.0000 0.0008 0.0000 0.0060 0.0068
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends           		Qualified 
          Dividends           		Non-Qualified 
          Short-Term 
          Capital Gain           		Qualified 
          Short-Term 
          Capital Gain           		Long-Term 
          Capital Gain           		Total 
          Distribution
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0000 0.0000 0.0038 0.0038
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0059 0.0000 0.1234 0.1293
          12/18/13 12/19/13 12/19/13 0.0000 0.0000 0.0000 0.0000 0.0860 0.0860
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0008 0.0000 0.1459 0.1467
          12/07/11 12/08/11 12/08/11 0.0000 0.0000 0.0000 0.0000 0.0051 0.0051
          12/08/10 12/09/10 12/09/10 0.0000 0.0000 0.0001 0.0000 0.0698 0.0699
          12/15/05 12/16/05 12/16/05 0.0000 0.0000 0.0127 0.0000 0.0160 0.0287
          Literature

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