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    BNY Mellon National Intermediate Municipal Bond Fund

    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.

    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 income tax. The fund occasionally, including for temporary defensive purposes, may invest in taxable bonds.

    The fund's investments in municipal and taxable bonds must be of investment grade quality (i.e., Baa/BBB or higher) 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
    01/01/87
    Fund Assets
    $1,927,098,046  As of  04/16/24
    Class Assets
    $1,866,663,473  As of  04/16/24
    Portfolio Turnover Rate
    80.75% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal National Intermediate
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Morningstar Overall Rating
    Fund Holdings
    549 As of 03/31/24
    AVERAGE EFFECTIVE MATURITY
    9.46 yr(s).  As of  03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Municipal National Intermediate category. Fund ratings are out of 5 Stars: Overall 3 Stars (261 funds rated); 3 Yrs. 3 Stars (261 funds rated); 5 Yrs. 3 Stars (238 funds rated); 10 Yrs. 3 Stars (177 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/16/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 03/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    3.01 3.01 2.63 0.52 0.52 -

    Portfolio Managers

    • Mary Collette  O'Brien

      Mary Collette O'Brien

      Managing Director , The Bank of New York Mellon

      Managing Fund Since 2006

    • John F. Flahive

      John F. Flahive, CFA

      Portfolio Manager, The Bank of New York Mellon

      Managing Fund Since 2000


    Total Returns

    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon National Intermediate Municipal Bond Fund
    MPNIX
    -0.12 -0.12 3.05 -0.22 1.55 2.18 4.57
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon National Intermediate Municipal Bond Fund
    MPNIX
    -0.12 -0.12 3.05 -0.22 1.55 2.18 4.57
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -

    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.

    Growth of $10,000 Investment

    Historical Performance


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.35%
      Administration Fee 0.14%
      Other Expenses 0.03%
      Total Expenses 0.52%
      Net Expenses 0.52%

      Portfolio Manager/Sub-Investment Adviser

      The fund's investment adviser is BNYM Investment Adviser. John F. Flahive and Mary Collette O'Brien are the fund's primary portfolio managers, positions they have held since October 2000 and March 2006, respectively. Mr. Flahive and Ms. O'Brien are senior vice president and managing director, respectively, of BNY Mellon Wealth Management. Mr. Flahive and Ms. O'Brien manage the fund in their capacity as employees of BNY Mellon Investment Adviser.

      Asset Allocation


          Daily Statistics

          As of 04/16/24 Name NAV Change 01/02/24  12 Month 
          High Nav
          10/30/23  12 Month 
          Low Nav
          YTD Return
          MPNIX
          $12.87
          -$0.03
          -0.23%
          $13.11 $12.23 -1.22%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Municipal National Intermediate


          Morningstar Rating™ as of 03/31/24 for the Class M shares; other classes may have different performance characteristics. Overall rating for the Municipal National Intermediate. Fund ratings are out of 5 Stars: Overall 3 Stars (261 funds rated); 3 Yrs. 3 Stars (261 funds rated); 5 Yrs. 3 Stars (238 funds rated); 10 Yrs. 3 Stars (177 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
            138 out of 216
          • 3 Year
            84 out of 194
          • 5 Year
            73 out of 171
          • 10 Year
            60 out of 129

          LIPPER CLASSIFICATION Intermediate Municipal Debt Funds


          Lipper Category returns and rankings as of 03/31/24, 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.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MPNIX
          6.25 -0.39 0.84 99.30 -0.48

          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.



          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31
          Month/Year Dividend ($)
          03/2024 0.029020220
          02/2024 0.026914119
          01/2024 0.028210652
          12/2023 0.029553962
          11/2023 0.027955509
          10/2023 0.029712234
          09/2023 0.026469980
          08/2023 0.028634631
          07/2023 0.027845398
          06/2023 0.027049794
          05/2023 0.029142640
          04/2023 0.024610500

          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 0.0114 0.0000 0.0569 0.0683
          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
          12/22/20 12/23/20 12/23/20 0.0000 0.0000 0.0016 0.0000 0.0488 0.0504
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0024 0.0000 0.0000 0.0024
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0203 0.0000 0.0718 0.0921
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0008 0.0000 0.0013 0.0021
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0017 0.0000 0.0527 0.0544
          12/07/11 12/08/11 12/08/11 0.0000 0.0000 0.0000 0.0000 0.0005 0.0005
          12/08/10 12/09/10 12/09/10 0.0000 0.0000 0.0756 0.0000 0.0063 0.0819
          12/10/08 12/11/08 12/11/08 0.0000 0.0000 0.0000 0.0000 0.0074 0.0074
          12/15/05 12/16/05 12/16/05 0.0000 0.0000 0.0061 0.0000 0.0697 0.0758
          12/08/04 12/09/04 12/09/04 0.0000 0.0000 0.0107 0.0000 0.0486 0.0593
          12/04/03 12/05/03 12/05/03 0.0000 0.0000 0.0061 0.0000 0.0350 0.0411
          12/05/02 12/06/02 12/06/02 0.0000 0.0000 0.0143 0.0000 0.0000 0.0167
          12/06/01 12/07/01 12/07/01 0.0000 0.0000 0.0740 0.0000 0.0000 0.1315
          12/06/00 12/07/00 12/07/00 0.0000 0.0000 0.0004 0.0000 0.0000 0.0007
          See all rows...

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